Results emerging from the 33rd annual Deloitte holiday shopping survey include a second year of online shopping gains as consumers said they expect to spend 57% of their budgets online and 36% in brick and mortar stores.
Generation X has entered its prime earnings years, and Statista, referencing a poll conducted by YouGov on behalf of MarketingCharts, pointed out that TV ads and word-of-mouth are the most important purchase influencers for Gen Xers, beating any type of paid online advertising by a significant margin.
Brian Fricano, founder and CEO of online B2B retailer Sustainable Supply, during the upcoming Home Improvement eRetailer Summit, will address implications of the U.S. Supreme Court’s recent ruling freeing states and local governments to collect sales taxes from online retailers.
To give gamers a dedicated place to play, PBteen has struck a deal with Sony Interactive Entertainment to develop a PlayStation licensed collection of home furnishings and décor.
A week after filing for Chapter 11 bankruptcy protection, Sears Holdings Chairman Edward Lampert looking for financial partners on a $300 million loan sought by the retailer, Reuters reported on Monday.
On Tuesday, October 16, Walmart held its annual Investment Community Meeting, where executives emphasized Walmart’s leadership in technology innovation initiatives. The Shop the Room function that Walmart.com introduced in the online home department is one example of how the company has been evolving.
After several years of solid acceleration, annual growth in the national home improvement and repair spending sector of the economy is expected to soften in 2019, according to the Harvard University Joint Center for Housing Studies.
Overstock.com has added three new executives to its retail leadership team. Catherine Borda was appointed to the newly created position of chief customer officer, Chris Donnelly appointed chief of staff to the president, and former Overstock co-president Dave Nielsen appointed chief sourcing and operations officer.
Coravin is now shipping its Bluetooth-enabled Model Eleven wine preservation system. The new system is integrated with Coravin Moments, the company’s app.