Avg. order value (online) on Cyber Monday $195
Higher than what people spend last year
Tuesday, November 30, 2010
Monday, November 29, 2010
Thanksgiving "weekend": key numbers
212 million people shopped in U.S. over weekend,
average of $365.34 per person
average of $365.34 per person
Sunday, November 28, 2010
Black Friday 2010 Sales
Total: $10.7B
Average value of an order: $191 an increase of 12%, ~$20, from last year
Source: WSJ
Average value of an order: $191 an increase of 12%, ~$20, from last year
Source: WSJ
Saturday, November 27, 2010
Holiday season 2010
Holiday season as a % of total retailer sales: 25-40%
(For jewelry stores have the most at stake; last year, holiday sales represented 29.5 percent of jewelry stores' annual sales)
Source progress- index . com
(For jewelry stores have the most at stake; last year, holiday sales represented 29.5 percent of jewelry stores' annual sales)
Source progress- index . com
Thursday, November 25, 2010
Drive through Shopping - Real makes it real!
German retailer Metro through its Real chain of stores is experimenting with a drive through shopping experience. "Shoppers" can order from more than 5000 SKUs online at the store website; at their convenience they can then collect their order from the drive through counter!
Plus Size - Opportunities Galore!
So plus size is indeed the way to go. Apparently the French retailer Redcats has acquired 100% stake in Castaluna.com, a plus-size apparel e-retailer.
Redcats had recently launched OneStopPlus.com (a plus-size apparel e-commerce platform in the US) in Europe
Redcats had recently launched OneStopPlus.com (a plus-size apparel e-commerce platform in the US) in Europe
Saturday, February 13, 2010
Dollarama beats Canadian Tire
For a long time Canadian Tire could claim that it was the retailer with the largest number of stores. Not any more. Dollarama now has 594 stores.
Dollarama has about 30% of its sales from seasonal items - Christmas, Valentines, Easter etc.
For the past many years, it managed to stick with its $1 price point but now has raised that to $2. It appears to be a good move with ~30% of transactions now coming from higher price points. But at some point, if you push the price points too hard, friends at Bentonville will start taking note of you.
Dollarama has about 30% of its sales from seasonal items - Christmas, Valentines, Easter etc.
For the past many years, it managed to stick with its $1 price point but now has raised that to $2. It appears to be a good move with ~30% of transactions now coming from higher price points. But at some point, if you push the price points too hard, friends at Bentonville will start taking note of you.
Valentine's Day- the cost of Love
New research indicates Americans spend about $14B for gifts this Valentine's Day. This includes not just gifts for significant others but also friends, co-workers and even pets !
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