Debt Ceiling Black Friday

Debt ceiling delay may blacken Black Friday

By on October 10, 2013 at 2:00 PM.

Debt ceiling delay may blacken Black Friday

Retailers are already busy as beavers planning their Black Friday promotions for November 28th. But guess what else might arrive on November 28th? Default on the sovereign debt of the United States of America! This could put a bit of a damper on the Black Friday festivities. According to Washington Post, the GOP is going to propose a six-week extension on the debt ceiling talks. That would push the debt ceiling breach deadline from October 17th to the end of November. More →

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iPhone and iPad users account for 92% of mobile purchases, study finds

By on December 26, 2011 at 1:15 PM.

iPhone and iPad users account for 92% of mobile purchases, study finds

Users of Apple’s iPhone smartphones and its iPad line of tablets accounted for 92% of all mobile purchases made thus far in December, a recent study by eCommerce company RichRelevance found. That figure is up from April 2011 when a similar study conducted by the firm found that Apple’s iOS devices accounted for 88% of non-desktop online shopping. Beyond being more frequent shoppers, RichRelevance also found that iOS users are bigger spenders than their Android counterparts — the average purchase made from an iOS device was $123 in December while the average Android-originated mobile purchase amounted to $101. Both iOS users and Android users top those who shop from desktop PCs, as they spent an average of just $87 per order in December according to the company. Overall, RichRelevance found that shopping from mobile devices has doubled from 1.87% of all online shopping to 3.74% over the past nine months. More →

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Consumers spent $1.1 billion on Green Monday, up 19% from last year

By on December 15, 2011 at 1:00 AM.

Consumers spent $1.1 billion on Green Monday, up 19% from last year

U.S. consumers spent $1.1 billion on Green Monday, up 19% from the same day last year according to comScore. Green Monday was the third heaviest day behind the record-setting Cyber Monday, when consumers spent $1.25 billion, and Monday December 5th, when consumers spent $1.17 billion. “Green Monday was another exceptional day for the online holiday shopping season, posting more than $1.1 billion in sales with a growth rate of 19 percent versus last year,” comScore chairman Gian Fulgoni said. “Green Monday also kicks off what should be the heaviest week of the year for online shopping, where we could see several billion dollar spending days, punctuated by Free Shipping Day on Friday, December 16.” The research firm recently said that holiday spending this year is already approaching $25 billion. ComScore’s full press release follows after the break.

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U.S. holiday spending this year approaching $25 billion, comScore says

By on December 13, 2011 at 7:15 AM.

U.S. holiday spending this year approaching $25 billion, comScore says

U.S. consumers have spent close to $25 billion so far this holiday season, up 15% from the same period last year, according to a new report from comScore. The research group studied holiday shopping trends beginning in November and found that $479 million was spent on Thanksgiving Day, $816 million was spent on Black Friday, $886 million was spent during Thanksgiving weekend and a record $1.25 billion was spent on Cyber Monday. That wasn’t the only record broken this year, however. “Monday, December 5, 2011 now ranks as the second heaviest spending day in history at $1.18 billion,” the report said, “followed by Tuesday, November 29, 2011 at $1.12 billion and Tuesday, December 6, 2011 at $1.11 billion.” Read on for more. More →

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Top-3 connected devices in U.S. made by Apple, tablet market continues to balloon in Q3

By on December 6, 2011 at 8:00 AM.

Top-3 connected devices in U.S. made by Apple, tablet market continues to balloon in Q3

As connected devices continue to proliferate in the United States and around the world, a new study suggests Apple’s iOS products are the three most widely used mobile devices in two key markets: the United States and the United Kingdom. Mobile ad network JiWire on Tuesday released its latest Mobile Audience Insights Report, which offers data on various market trends in the third quarter of 2011. In both the U.S. and U.K., JiWire found that the most widely used connected devices between July and September were Apple’s iPhone, iPad and iPod touch. Smartphones powered by Microsoft’s Windows Phone platform following in the No.4 spot in both regions, but they are oddly all lumped together whereas other entries in JiWire’s top-10 charts are listed by device, not platform. Read on for more. More →

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$6 billion in ‘Cyber Week’ sales sets new record

By on December 6, 2011 at 12:00 AM.

$6 billion in ‘Cyber Week’ sales sets new record

Online spending during the week ending on December 2nd totalled nearly $6 billion according to comScore, setting a new single-week record. The market research firm on Sunday released its estimates for online spending so far during the holiday shopping season, and it is reporting significant year-on-year increases across the board. Total spending between November 1st and December 2nd is up 15% over 2010 to $18.7 billion and Cyber Week spending also grew 15% to approximately $6 billion. Online shopping on Thanksgiving day grew 18% to $479 million, Black Friday sales online were up 26% to $816 million and Cyber Monday sales grew 22% to $1.3 billion. “Cyber Monday kicked the week off with a bang as consumers opened their wallets to the tune of $1.25 billion, but it was only the beginning of a very strong week of online holiday spending,” comScore chairman Gian Fulgoni said in a statement. “Tuesday and Wednesday followed with billion dollar spending days, helping Cyber Week reach a record weekly total of nearly $6 billion in spending.” ComScore’s full press release follows below. More →

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PlayStation 3, Xbox 360 among most sought-after Black Friday items [infographic]

By on November 22, 2011 at 3:00 PM.

PlayStation 3, Xbox 360 among most sought-after Black Friday items [infographic]

What are consumers planning to buy on Black Friday? Computers and tablets, according to data compiled by Mashwork, which gathered data from thousands of Twitter users. 18% of consumers discussed buying computers and tablets, 17% want to buy DVDs, music and video games, 16% are most interested in shoes, 14% will buy clothes, 12% want to buy a new television and 9% are planning to purchase a new cell phone or camera. The remaining 14% are planning to purchase items outside of those categories. The most talked about item among all of those categories is a pair of black Air Jordan Cement 3s, followed by the PlayStation 3, Microsoft’s Xbox 360 console and Kinect accessory, Call of Duty: MW3 and the iPhone 4S. Read on for more information, including the full infographic. More →

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Tablets top bargain hunters’ lists this Black Friday

By on November 18, 2011 at 3:15 PM.

Tablets top bargain hunters’ lists this Black Friday

Black Friday is shaping up to be huge for consumers shopping on mobile devices this year, and it looks like consumers shopping for mobile devices will be abundant as well. A new survey conducted by Retrevo.com found that Black Friday bargain hunters will be on the look out for tablets more so than any other gadget next Friday. Among those polled, 32% said they would be hunting for a Black Friday deal on a tablet this holiday season. 25% of respondents said they would scout for deals on HDTVs, 24% said they would be looking for deals on laptops and 19% plan to hunt for deals on smartphones this Black Friday. Read on for more. More →

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Retailers failing shoppers, smartphones could be the answer

By on October 19, 2011 at 7:30 PM.

Retailers failing shoppers, smartphones could be the answer

You are not alone if you walk into brick and mortar stores to check out a product only to turn around and buy it online later. According to a new study from Retrevo, 66% of all shoppers and 78% of smartphone owners “look at a product in a store” and then purchase the product online from a different outlet. Consumer electronics stores are taking the biggest hit; 58% of smartphone owners decide to buy products first spotted in a store online. Retrevo suggests that is because consumers feel overwhelmed with the amount of products on display. 53% of the respondents who walked into a retail electronics store could not decide what to buy. 30% of those shoppers said it was because they did not have an adequate amount of information on the products they were searching for and sales staff were of no help. Smartphones could help save stores such as Best Buy, however. 42% of shoppers use their phones to check prices while in store, 25% use smartphones to find coupons and 29% read reviews and product specs on their phone. Retrevo suggests that a carefully crafted application that provides access to the aforementioned information could help consumers stay in stores instead of heading home and buying goods online. More →

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Many consumers still unwilling to buy electronics online

By on September 17, 2011 at 12:00 AM.

Many consumers still unwilling to buy electronics online

The advent of online shopping changed the retail industry forever, but many consumers are still not willing to shop for consumer electronics online despite potential cost savings. New data from market research firm The NPD Group shows that while nearly two-thirds of U.S. consumers use the Internet to research consumer electronics purchases, only about half go on to purchase electronics online. “It’s not surprising to see that so many consumers won’t buy TVs, smartphones, and other popular CE products online, despite using the Internet to perform basic product research,” said NPD analyst Stephen Baker in a statement. “Computers and other IT products have a much longer history online with a wider variety of outlets, including direct sales from manufacturers, for consumers to choose from.” The firm found that computers and computer software where the most popular online purchases for consumers, with 34% of NPD’s 1,326-person study saying they would make such purchases online. Televisions were the least likely online electronics purchases, with only 19% of respondents saying they would buy a TV online. The NPD Group’s full press release follows below. More →

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JP Morgan: Online holiday shopping up 22%

By on December 14, 2010 at 5:27 AM.

JP Morgan: Online holiday shopping up 22%

In a note to investors Monday, JP Morgan analyst Imran Khan wrote that online shopping during the holiday season is up 22% so far this year compared to the same period in 2009. Khan cites a Chase Paymentech survey of 50 online retailers as his source. Online shopping during the same period in 2009 was up 15% compared to 2008, so this year’s positive trend is good news for Amazon.com and other popular online retailers. Khan also noted that the heaviest days for online holiday shopping have historically been December 15th through the 21st. More →

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Google: Mobile searches up 130% year-over-year

By on December 13, 2010 at 10:27 PM.

Google: Mobile searches up 130% year-over-year

There is no denying it, the world is going mobile. People across the globe are turning to internet connected devices and to help them communicate, organize, work, play, and, of course, search. In a blog post, search giant Google noted that mobile searching is up 130% year-over-year on its network. The article, which is promoting seller ratings for mobile, goes on to cite a study that states 59% of holiday shoppers plan to use their mobile device to “facilitate holiday shopping.” One this is certain, if/when NFC takes off, mobile devices will be doing more than facilitating purchases… they’ll be doing them. More →

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Nintendo boasts of 1.5 million DS, Wii units sold last week

By on November 29, 2010 at 10:13 PM.

Nintendo boasts of 1.5 million DS, Wii units sold last week

Gaming giant Nintendo recently announced that during Black Friday week, U.S. consumers purchased a combined 1.5 million DS and Wii gaming systems. Holiday shoppers scooped up nearly 900,000 DS units and over 600,000 Wii consoles during the popular shopping debacle period. “U.S. shoppers bought about 9,000 Nintendo hardware systems nonstop for every hour of every day during the week of Black Friday,” said Nintendo of America’s president. Sales of Wii consoles were up slightly while sales of the DS portable gaming system fell slightly from the same period last year. Regardless, the numbers are still very impressive. More →

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