Cyber Monday 2012 Sales

Cyber Monday sales climb to record $2 billion

By on November 27, 2012 at 7:45 AM.

Cyber Monday sales climb to record $2 billion

Online retail e-commerce spending topped $1 billion for the first time on Black Friday 2012, and now estimates suggest Cyber Monday sales set new records as well this year. Adobe on Tuesday revealed that according to estimates derived from its Adobe Dig­i­tal Index, online shopping on November 26th — Cyber Monday — grew 17% from last year to hit $1.98 billion, approaching $2 billion for the first time. More →

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Black Friday Sales 2012

Black Friday sales top $1 billion online, Cyber Monday expected to set record

By on November 26, 2012 at 7:50 AM.

Black Friday sales top $1 billion online, Cyber Monday expected to set record

For the first time in history, online retail e-commerce spending on November 23rd — Black Friday — topped $1 billion this year, according to market research firm comScore. The company says online retail purchases totaled $13.7 billion in the United States during the first 23 days of the holiday shopping season, capped off by a $1.042 billion Black Friday binge. That figure is up 26% from the $816 million spent online on Black Friday last year, and Thanksgiving Day spending jumped 32% to $633 million from $479 million in 2011. ComScore also said that it estimates Cyber Monday online e-commerce spending to top $1.5 billion, up 20% from 2011. More →

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Microsoft’s massive Windows 8 push includes opening 32 ‘pop-up’ shops this year

By on September 11, 2012 at 5:35 PM.

Microsoft’s massive Windows 8 push includes opening 32 ‘pop-up’ shops this year

Microsoft Retail Stores

In the coming weeks Microsoft (MSFT) will make its mark with three new products: Windows 8, Windows Phone 8 and the Surface tablet. In order to get the word out about its new re-imagined operating system, Steve Ballmer’s team of marketers are planning to open 32 “pop-up” shops in North America, according to Information Week. The stores probably won’t have quite the punch that Apple (AAPL) Stores do, but they should at least provide many customers with a first-hand experience of Windows 8′s tile-based user interface. A full list of the upcoming pop-up shops follows below.

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Amazon crushes estimates in Q1, posts $130 million profit on $13.18 billion in sales

By on April 26, 2012 at 4:30 PM.

Amazon crushes estimates in Q1, posts $130 million profit on $13.18 billion in sales

Amazon on Thursday reported its financial results for the first quarter of 2012. Analysts were looking for a profit of $0.07 per share on $12.86 billion in sales, and Amazon posted earnings of $0.28 per share on revenue of $13.18 billion, crushing expectations. The retailer netted $0.38 per share on revenue of $17.4 billion this past holiday quarter, and $0.44 per share on $9.86 billion in sales during the first quarter last year. The nationwide retailer’s stock had been up and down all week as Wall Street’s concerns over margins continued to rattle investors. Amazon’s operating margin fell 3.7% to 1.5% of global revenue in the fourth quarter and in the first quarter a year ago, Amazon’s margins sat at 3.3%. In the first quarter of 2012, Amazon’s operating margins stayed flat at 1.5%. For the second quarter, Amazon forecasts a profit of $40 million, up from a loss of $260 million in the second quarter last year, on revenue of between $11.9 billion and $13.3 billion. Amazon’s stock was up more than 12% percent during after-hours trading on Thursday. The company’s full press release follows below. More →

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Canalys: Expect more big-box retailers to tumble

By on April 20, 2012 at 7:40 AM.

Canalys: Expect more big-box retailers to tumble

Following Best Buy’s announcement that it would shutter 50 retail locations as part of an effort to cut costs, one market research firm said it believes the decline of big-box consumer electronics retailers in the United States and Europe will continue. Canalys said in a report on Tuesday that it expects more big-name retailers to follow in the footsteps of companies like Best Buy Europe, CompUSA and Circuit City, which filed for bankruptcy in 2008 before closing all of its retail stores and selling its online brand. Big-box retailers’ failure to adapt as aggressive online companies such as Amazon grew rapidly is seen as the root cause of their woes. “They were hit by a perfect storm of competition from the Internet and supermarkets,” Canalys CEO Steve Brazier said in a statement. “They lost too much business to competitors undercutting them on price and failed to respond to the many attractions of Amazon’s online approach, such as its vast stock ranges, peer reviews, recommendations, free delivery and excellent returns services.” Brazier continued, “Today’s consumers are even willing to browse for a book in a local store then order it from Amazon at a higher price simply because they want Amazon to understand their entire library, to optimize future recommendations. This is more than ‘showrooming’ – this signals a fundamental shift in consumer perception of value.” Canalys’s full press release follows below. More →

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Best Buy posts mixed Q4 earnings, plans to close 50 U.S. stores

By on March 29, 2012 at 8:21 AM.

Best Buy posts mixed Q4 earnings, plans to close 50 U.S. stores

Best Buy on Thursday reported results for the fourth fiscal quarter of 2012. The nationwide retail giant had missed Wall Street’s estimates in both the second and third fiscal quarters, and it posted mixed results in the fourth quarter. Revenue came in at $16.6 billion compared to analysts’ consensus of $17.15 billion, and non-GAAP earnings of $2.47 per share, up 25% from the same quarter in fiscal 2011, beating the Street’s $2.15 EPS consensus. “In order to help make technology work for every one of our customers and transform our business as the consumer electronics industry continues to evolve, we are taking major actions to improve our operating performance,” said Best Buy CEO Brian J. Dunn. “As part of our multi-channel strategy, we intend to strengthen our portfolio of store formats and footprints — closing some big box stores, modifying others to our enhanced Connected Store format, and adding Best Buy Mobile stand-alone locations — all to provide a better shopping environment for our customers across multiple channels while increasing points of presence, and to improve performance and profitability.” After jumping more than 3% in pre-market trading, shares of Best Buy stock were down 7% shortly after the market opened on Thursday. The company’s full press release follows below. More →

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Apple’s only $14 billion away from being larger than the entire U.S. retail sector

By on March 13, 2012 at 10:32 AM.

Apple’s only $14 billion away from being larger than the entire U.S. retail sector

Apple market capitalization, as it sits, is just over $514 billion — an astonishing number we’re all still getting used to. Even more amazing, however, is that Apple’s market cap is about to be larger than the entire United States retail sector. With Friday’s iPad launch, we’re guessing that $14 billion in market value won’t be an issue… More →

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Nokia Lumia 800 to launch in U.S. on February 14th as part of $900 bundle

By on February 8, 2012 at 12:45 AM.

Nokia Lumia 800 to launch in U.S. on February 14th as part of $900 bundle

Microsoft may be planning to launch a special bundle that includes the Nokia Lumia 800 and several accessories for $899. Citing unnamed industry sources, The Verge said the deal will kick off on February 14th and will include a Bluetooth headset, a Purity HD stereo headset and Nokia’s Play 360 wireless speaker. Microsoft will reportedly not be offering the Lumia 800 as a stand-alone product. $899 seems a bit steep to us, even considering that consumers will be getting an unlocked device and a bundle of solid accessories. After all, AT&T will be launching the sub-$100 Lumia 900 with 4G LTE support and a bigger screen just one month later. More →

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ComScore: Amazon growth doubled the rest of the e-commerce market in Q4

By on February 7, 2012 at 9:00 PM.

ComScore: Amazon growth doubled the rest of the e-commerce market in Q4

Amazon announced the company’s fourth quarter results last week, which fell short of Wall Street’s estimates. The company reported $17.4 billion in revenue, with net sales up 35% from $12.95 billion in the same quarter of 2010. Despite falling short of analyst estimates of $18.26 billion, Amazon’s growth was more than twice the overall market’s growth according to data from comScore. At $49.6 million, U.S. retail spending was only up 14% in the fourth quarter of 2011. “The growth rate represented the ninth consecutive quarter of positive year-over-year growth and fifth consecutive quarter of double-digit growth rates,” said the company’s press release. “For the entire 2011 year, U.S. retail e-commerce spending reached a record $161.5 billion, marking a 13-percent increase from 2010.” Read on for comScore’s full press release. More →

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Amazon reportedly plans to open a retail store this year

By on February 6, 2012 at 5:35 PM.

Amazon reportedly plans to open a retail store this year

Amazon is preparing to open a retail store in Seattle within the next few months, according to a report from Good eReader. Amazon is apparently looking to open a small boutique rather than a large shop in an effort to test the market. The store would feature the Amazon Exclusive book line and the company’s popular eReaders and tablets most prominently according to the rumor. Amazon’s headquarters is located in Seattle, which is known as being fairly tech savvy and may be the perfect location to gauge interest in such an endeavor. The company has reportedly already contracted the design through a shell company and it is expected that the first location will open ahead of the holiday season this year. More →

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Apple hires former Dixons CEO John Browett as Senior VP of Retail

By on January 31, 2012 at 8:15 AM.

Apple hires former Dixons CEO John Browett as Senior VP of Retail

Apple has hired Dixons Retail chief executive officer John Browett to run its retail business as senior VP of retail. Browett will assume his new position in April and will be responsible for Apple’s retail strategy and on expanding Apple’s presence around the globe. “Our retail stores are all about customer service, and John shares that commitment like no one else we’ve met,” said Tim Cook, Apple’s CEO. “We are thrilled to have him join our team and bring his incredible retail experience to Apple.” Browett has been the CEO of Dixons Retail since 2007 and has also served as the CEO of Tesco. He earned a degree in natural sciences from Cambridge University and an MBA from University of Pennsylvania’s Wharton Business School. Apple’s full press release follows after the break. More →

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Italy fines Apple $1.2 million for misleading consumers

By on December 27, 2011 at 4:30 PM.

Italy fines Apple $1.2 million for misleading consumers

Italy’s Antitrust Authority has fined Apple Sales International, Apple Italia Srl and Apple Retail Italia a total of $1.2 million for “unfair commercial practices.” According to The Wall Street Journal, Apple’s Italy-based retail stores were fined €500,000 ($653,000) for not providing customers with adequate information about its AppleCare Protection Plan warranties, and an additional €400,000 ($523,00) for not being completely transparent about the length of product guarantees. The fines are a bit surprising, considering that Apple is typically praised for customer satisfaction in the United States. Apple has not commented publicly on the matter. More →

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Windows Phones may soon become available in China

By on November 29, 2011 at 12:50 AM.

Windows Phones may soon become available in China

Microsoft is reportedly in talks to partner with Chinese retailer Suning in an effort to distribute Windows Phones throughout the country. Suning has more than 700 stores in China and Microsoft is rumored to have agreed to give the retailer first dibs on Windows Phone and upcoming Windows 8 devices, Chinese news source QQ Finance reported recently. The deal may be imminent although it remains unclear which Windows Phone models will be sold in the country. It is also unclear how vendors are involved with the talks. Microsoft currently has a small slice of the smartphone operating system market but a big push in China could help drive momentum as it continues to battle Android and iOS for consumer interest. Research firms IDC and Gartner both predict that Windows Phone will have the second largest operating system share by 2015. Pyramid Research has even suggested the OS will surpass Android’s global share by 2013 driven by Microsoft’s new partnership with Nokia. More →

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