REAL ESTATE

Target’s Canadian rollout ramps up

BY Katherine Boccaccio

Minneapolis — Target Corp. said Monday that it will open 17 southwestern Ontario, Canada store on March 19 and another four on March 28, on the heels of three successful pilot-store launches in the area.

The added slate of openings, said Target, will allow the retailer more opportunity to volume-test in advance of April grand opening dates.

The 21 new locations are in addition to pilot stores in Guelph, Milton and Fergus, and will complete the 24 stores scheduled to open in March. Target plans to open 124 stores across Canada throughout 2013.

"Welcoming the first Canadian guests at our pilot stores was a great moment for all team members at Target," said Tony Fisher, president, Target Canada. "We have learned quickly from the results of our pilot stores and are committed to delivering on Target’s Expect More. Pay Less. brand promise as we approach our grand opening in early April."

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E.Ako says:
Mar-19-2013 11:58 am

The store location is very
The store location is very accessable, where customers can now shops at a lower cost. - RichVonAlvensleben

E.Ako says:
Mar-19-2013 11:58 am

The store location is very accessable, where customers can now shops at a lower cost. - RichVonAlvensleben

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FINANCE

NRF: Easter spending expected to be flat

BY Katherine Boccaccio

Washington, D.C. — A report released Monday by the National Retail Federation said that the average person celebrating Easter this year will spend about $145.13 on candy, décor, apparel and food – with is flat with last year’s $145.28.

NRF, through its Easter Spending Survey conducted by BIGinsight, estimated that total spending will reach an estimated $17.2 billion this year.

“With a plethora of budgetary concerns already on their plates, Americans this Easter will look for special, creative ways to celebrate the holiday without breaking the bank,” said NRF president and CEO Matthew Shay. “And as spring weather rolls in, consumers will find affordable ways to spruce up their homes and wardrobes, just in time for visiting family and friends this Easter holiday. Retailers are already lining their shelves with specials on chocolates, warm-weather apparel and even gardening tools and outdoor furniture.”



The survey found much of consumers’ budgets will go towards food for a family brunch or dinner: 86.9% of those celebrating Easter will spend an average of $45.26 on items needed for their holiday meal. Traditionally known as the kickoff to spring, many will specifically set out to purchase new spring attire. Nearly half (48.4%) will purchase clothing this Easter, spending an average of $25.91 on Easter apparel. And, nine in 10 (90.5%) will stock up on Easter candy, spending an average of $20.66 on jelly beans, chocolate and more. Additionally, consumers will spend an average of $20.82 on gifts, $9.49 on flowers and $9.11 on decorations.



When it comes to where people will shop for their Easter needs, the survey found families will shop for price and value. Most people (63.4%) will shop at discount stores and four-in-10 (40.7%) will shop at department stores. Others will shop at specialty stores (24.9%), online (21.1%) and specialty clothing stores (10.6%).

The survey also found that many people will utilize their smartphones and tablets to shop for Easter items. Four-in-10 (43.3%) smartphone owners will use their mobile device to research product information, look up store hours and location, compare prices and even purchase gifts and other items. Specifically, 14.8% say they will purchase Easter products with their smartphones. More than half (51.0%) of tablet owners will use their device to make purchases, research products and prices and look up retailer information such as store locations and hours. One-in-five (22.1%) say they will purchase something via their tablet.

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M.Jackson says:
Apr-24-2013 12:14 pm

Easter spending expected
Very good article that find affordable ways to spruce up their homes and wardrobes, just in time for visiting family and friends.woodchucksfurniture.com

M.Jackson says:
Apr-24-2013 12:14 pm

Very good article that find affordable ways to spruce up their homes and wardrobes, just in time for visiting family and friends.woodchucksfurniture.com

E.Ka says:
Mar-19-2013 05:05 am

Easter Sunday should be
Easter Sunday should be celebrated for its the resurrection of Jesus Christ. We should acknowledge this kind of event. - Carmack Moving and Storage

E.Ka says:
Mar-19-2013 05:05 am

Easter Sunday should be celebrated for its the resurrection of Jesus Christ. We should acknowledge this kind of event. - Carmack Moving and Storage

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OPERATIONS

Jones Group names former Penney exec as chief marketing officer

BY Katherine Boccaccio

New York — The Jones Group Inc. announced Monday it has appointed Greg Clark as chief marketing officer, effective immediately.

Clark will oversee global marketing and brand identity, including spearheading digital media strategy, brand development and creative.

Clark most recently served as the SVP creative marketing for J. C. Penney.

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E.Ako says:
Mar-19-2013 12:01 pm

The Jones Group is too busy
The Jones Group is too busy taking stock in its own brand portfolio to take notice.The Jones also markets directly to consumers through their chain of specialty retail and value-based stores. - RichVonAlvensleben

E.Ako says:
Mar-19-2013 12:01 pm

The Jones Group is too busy taking stock in its own brand portfolio to take notice.The Jones also markets directly to consumers through their chain of specialty retail and value-based stores. - RichVonAlvensleben

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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