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Saturday, September 26, 2020
Many Black Friday shoppers opted to shop online this year rather than flock to brick and mortar stores. Shopping at brick and mortar stores fell by 6.2 percent the day after Thanksgiving, according to ShopperTrak. Meanwhile, 2.3 percent more shoppers hit the stores...
The holiday season is upon us, and retailers may find it harder to reach target sales due to a shorter calendar shopping season. There are six less calendar days between this year’s Thanksgiving and Christmas holidays. This could spell disappointment for retailers as the period is considered...
According to a survey of U.S. consumers, most shoppers prefer paper receipts over digital ones that are sent through email. The survey was taken by Choose Paper, a Chicago-based paper advocacy group. The survey showed that nearly 75 percent of shoppers in the U.S....
According to the auditing and consulting insight firm, Deloitte, holiday sales are projected to be 4.5 to 5 percent higher during the busiest shopping period of this year. From November to January, Deloitte expects that annual holiday retail sales will total more than $1.1 trillion. According to...
In what some would consider a bold move, Walmart announced today that it will no longer sell handgun and short-barrel rifle ammunition when its current inventory is sold off. This includes .223 and 5.56 caliber ammunition that is used in assault-style weapons. The world’s...
Wells Fargo, the world’s fourth-largest bank and financial services firm, is anticipating a weaker than average holiday shopping season in the coming months. This, despite retailers’ expectations that the fourth quarter will bring brisk business as usual. Ike Boruchow, a senior analyst at Wells...
It’s projected that Walmart will experience a loss of more than $1 billion for its e-commerce division. Though the giant retailer has made moves to compete with Amazon, its efforts have floundered, leading to huge losses. Walmart has invested billions in its domestic e-commerce...
The largest global retailer is stepping up its game. Walmart will now offer its online customers one-day shipping. The move likely comes as Amazon announced its own one-day delivery plan for Amazon Prime members. Walmart announced its new delivery option in an online post,...