News

Webinar: Keeping Up With the Consumer —2012 Black Friday Recap

BY Marianne Wilson

New York Chain Store Age will hold a webinar on Thursday, Dec. 13, 2 p.m. ET (11 a.m. PT) that will examine email marketing trends for Black Friday 2012 and how marketers used email to promote store shopping and events during the holiday weekend.

The webinar, sponsored by Bronto, will also cover such topics as promotional trends and the influence of mobile and social. Find out what you will need to do early in next year’s holiday season to ensure success.

Click here for more information.

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FINANCE

Consumer confidence falls

BY Marianne Wilson

New York — Consumer confidence declined more than expected in December, reaching a four-month low as Americans grew concerned about the possibility of higher taxes next year. The Thomson Reuters/University of Michigan preliminary consumer sentiment index decreased to 74.5 this month from 82.7 in November. Economists had projected a preliminary reading of 82 for December.

The metric of current conditions, which reflects consumers’ perceptions of their financial situation and whether it is a good time to buy big-ticket items, eased to 89.9 from 90.7 the prior month.

The Michigan index of consumer expectations six months from now, which projects the direction of consumer spending, decreased to a one-year low of 64.6 from 77.6 in October. Americans were more pessimistic about the outlook for their finances, the economy and the labor market, the report said.

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REAL ESTATE

Walmart Canada opens 200th supercenter

BY Marianne Wilson

Mississsauga, Ontario — Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. Today’s grand opening marks a major milestone for Walmart Canada. The company opened its first supercentres in Ontario in 2006. Today, Walmart Canada has supercentres in six provinces and 373 stores nationwide serving more than eight million customers each week.

Edmonton-Abbottsfield Walmart Supercentre is one of 73 real estate projects planned for the company’s current fiscal year, which will add 4.6 million sq. ft. of retail space to its operations by Jan. 31. The 73 projects include building new stores and expanding, remodeling or relocating existing stores and represent an investment of more than $750 million in Canadian communities. These projects include 39 former Zellers stores and will generate more than 14,000 store, trade and construction jobs.

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M.C says:
Mar-23-2013 02:44 pm

The company continued to show
The company continued to show their great success, and this is clearly seen with their ongoing expansion in different areas around the country. - Michael Courouleau

M.C says:
Mar-23-2013 02:44 pm

The company continued to show their great success, and this is clearly seen with their ongoing expansion in different areas around the country. - Michael Courouleau

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

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