Another online jeweler makes the leap
New York — Roosevelt Field Mall in Garden City, New York, has nabbed yet another online jewelry company looking to test brick-and-mortar.
BaubleBar, known for its affordable prices and trendy items, recently opened its first permanent physical store at the shopping center. The opening came just weeks after online diamond and fine jewelry brand Blue Nile opened its first retail store at the same mall.
The 1,200-sq.-ft. BaubleBar store features a wall of statement necklaces, along with a hands-on "Builder Bar" where shoppers can create their own jewelry statements. It also boasts a selfie station where shoppers can take photos of their jewelry picks and get social media feedback from friends.
Walmart to stop selling assault rifles
New York — Walmart plans to stop selling AR-15 assault rifles and other modern sporting rifles, a move the company says is motivated not by politics but by falling consumer demand.
"It’s based on what customers are looking for and what they were buying when they come into Walmart," Walmart spokesman Kory Lundberg told USA Today, adding that modern sporting rifles, or MSRs, were sold in less than a third of Walmart's stores. "It’s very similar to what we do with other products. If there’s not customer demand there, we’ll phase it out."
Walmart plans to replace the eliminated rifles with hunting and sportsman firearms, according to reports.
Walmart is the nation’s largest seller of guns and ammunition. It has come under pressure in recent years to stop selling certain firearms, including the AR-15, from various groups.
And the leading mobile retailer is…
Seattle – Mobile shopping has been getting attention for its rapid growth, and one major retailer is leading the way.
According to new data from online coupon database Coupofy.com, Amazon.com is the leading mobile commerce retailer, with 110% growth in 2014, earning revenues of $16.8 billion.
Amazon is followed by Apple ($14 billion), Chinese store Jingdong Mall ($5.8 billion), Google Play ($4.4 billion), and QVC ($1.86 billion).
Coupofy data shows that between 2013 and 2016 mobile shopping will grow 42%, compared to regular e-commerce's 13% growth. In addition, mobile users will spend a total of $600 billion in 2018, a 300% growth from $200 billion in 2014. And in 2014 there were 560 million mobile coupon users who redeemed 16 billion coupons, this is expected to rise to 1.05 billion users and 31 billion coupons by 2019.
Denmark, Norway, Sweden, China, and Spain are leading mobile commerce growth, each seeing a rise of around 50% in mobile shopping popularity from 2013-2016. Emerging markets like India and Taiwan saw a 60% increase between 2012 and 2014, as mobile devices became more prevalent among their populations.
There has also been a parallel increase in overall mobile Internet revenue streams, with more consumer apps being paid for, more businesses adopting mobile-based work environments, and subsequently more advertisers and investors spending their budgets on targeting mobile users.
The most lucrative m-commerce market is computer/TV/multimedia, managing an average order value of $212. Apple users spend on average $15 more than Android users per transaction, while tablet users spend $36 more than smartphone users.
In addition, men spend $24 more than women, but women spend the majority of their money on clothing & accessories while men prefer sports products. Mobile users prefer shopping apps to their device's browser.