Visa: E-commerce sales up 17% in first 10 months of 2013
New York — In the first 10 months of 2013, e-commerce sales are up 17% from the same period last year, according to the Visa Spending Intentions survey. To-date in 2013, Visa domestic e-commerce transactions exceeded one billion dollars on 211 days, an increase of 19% from 2012.
In other findings:
- Eighty-seven percent of people plan to do at least some of their holiday shopping online, with 40% saying they will do half or more gift-buying online.
- Seventy-two percent of people also plan to spend more or the same amount of money on gifts this year, compared to last. Almost 50% expect to spend between $301 and $800, while 14% plan to spend more than $800.
- Twenty-five percent of respondents plan to use their mobile phone or tablet for holiday shopping this year, up from 22% last year.
- Credit and debit cards will be the primary forms of payment through the holidays, with 56% of people planning to use their credit card and 30% to use a debit card.
Report: Investor says Men’s Wearhouse still exploring options
New York — The Men’s Wearhouse and Jos. A. Bank Clothiers saga continues with reports that Men’s Wearhouse will review a previously rejected merger with Jos. A. Bank Clothiers.
Eminence Capital LLC, Men’s Wearhouse largest single shareholder, said the retailer is still exploring its strategic options, including a possible merger with Jos. A. Bank, the Associated Press reported. The New York-based hedge fund has urged the retailer to quickly engage with Jos. A. Bank over the merger offer that Men’s Wearhouse turned down in October.
In a letter to Men’s Wearhouse CEO Doug Ewert, Eminence CEO Ricky Sandler wrote that he was encouraged to learn after speaking with him that Men’s Wearhouse is still reviewing its options.
"We also fully expect you and the board, given the explicit commitment to explore all options, to actively engage with Jos. A. Bank before their deadline of November 14, 2013," Sandler wrote.
It was the second letter Eminence made public. Earlier this month it wrote the retailer urging it to consider a sale of the business.
Safeway installing Bettery’s in-store ‘Swap Stations’ for batteries
Portland, Ore. — Bettery announced that it has teamed up with Safeway to give consumers a convenient way to adopt reusable household batteries, not only reducing their environmental footprint but also saving them money.
Bettery Swap Stations – kiosks for purchasing and exchanging rechargeable batteries – are being installed this month at multiple Safeway locations, starting with stores in Portland, Seattle and surrounding communities.
"At Safeway we are constantly looking for innovative partners like Bettery who can help us create cleaner and healthier communities," said Steve Frisby, president of the Northwest Division of Safeway. "We’re confident that together with Bettery we can dramatically reduce the number of batteries that end up in landfills while giving our customers a great option for powering all of their household gadgets."
More than 2.5 billion landfill-clogging household batteries are thrown away in the U.S. every year. The Swap Stations allow for easy purchase and exchange of reusable AA and AAA batteries and serve as a drop-off site for recycling traditional single-use AA and AAA alkaline batteries.