• Monday , 22 May 2017

Retail

Holiday e-commerce and retail roundup

Holiday e-commerce and retail roundup

The Wall Street Journal reports on the challenges retailers are having and how they're having to offer discounts to keep consumer interest. Prosper Insights & Analytics research shows 25% of consumers bought gifts this year from Amazon, up 10% over last year. Fortune says the use of online promotions by retailers is up 79% this year.

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Are consumers buying gift cards this year?

Are consumers buying gift cards this year?

Is the love affair with gift cards still going strong or have consumers found new places to spend holiday money? Sarah Quinlan, SVP, Market Insights for Mastercard, expects gift card sales to remain strong right through Christmas.

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Cashback News: UK retailers wonder if Black Friday wIll be black or red?

Cashback News: UK retailers wonder if Black Friday wIll be black or red?

One Hour Translation research suggests 27% of UK shoppers will buy on Black Friday. An LCP Consulting study found 61% of UK retailers believe Black Friday is unprofitable and unsustainable compared with 32% in 2015. Amazon plans to run its sale for 12 days compared with five days last year and figures to ship more than 9.5 million orders.

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Cashback News: US Retail, Who’s closing, struggling, surviving retail chaos?

Cashback News: US Retail, Who’s closing, struggling, surviving retail chaos?

Dick's Sporting Goods absorbs Golfsmith, 60 US stores will close. Watch and accessories retailer Fossil will close some of its 610 international stores the numbers have not yet been released. Office Depot continues plans to close 300 stores over five years including 65 in 2016 Q4. American Apparel may be planning a second bankruptcy after missing a $2.5 million payment to creditors. Performance Sports Group, maker of Bauer hockey and Easton baseball gear, announced bankruptcy plans.

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Cashback News: Ecommerce & retail holiday news roundup

Cashback News: Ecommerce & retail holiday news roundup

Leading into the critical US holiday shopping season, we've got our latest look at the e-commerce and retail news roundup. It starts with Adobe's 2016 Digital Insights Shopping Predictions for $91.6 billion in total sales and $1 billion online. According to McKinsey, 39% of US and 42% of UK shoppers will do the majority or all their shopping online this year.

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