KHD Buzz – US Holiday Retail To Hit $1 Trillion, The Impact of Multigenerational Households on Retail and More
Experts Predict US Holiday Sales Will Top $1 Trillion Despite big store closures, the demise of Sears and the Toys R Us drama, a new report released last week predicts that US holiday sales – defined by the period November 1 – December 31, 2018 – will, for the first time ever, surpass $1 Trillion.…
KHD Buzz – The Impact of 11.11, Customer Retention Tips, Beating Bezos and More
How New Online Shopping ‘Holidays’ Are Changing the Retail Landscape First, there was Amazon Prime Day, an event that practically created a new summer holiday. Then Chinese retail giant brought its 11-11 Singles Day holiday to the US last year and netted $25 billion in the process, more than Macy’s entire revenue for the year. As 11.11…
KHD Buzz – Online Shopping ‘Rehab’, The War On Serial Returners, Smarter Chatbots and More
Online Shopping ‘Rehab’ Attempts to Boost Brick and Mortar Spending The British are just as into online shopping as the Americans, with an estimated 1 in 3 adults regularly choosing to shop online versus at a brick and mortar store. This, some say, is having a negative effect on the overall economies of many British smaller towns, an…
KHD Buzz – Manhattan’s Experimental Pop Up Store Boom, The Winners in the Sears Story, The Hottest Niche in Retail Right Now and More
Report: More Holiday Shoppers Plan to Shop Both Online and Off in 2018 According to a new report from The NPD Group, more than 50% of people plan to do their holiday shopping on and off in the 2018 season, and the reasons behind their decisions where to shop for what are rather interesting as they…
KHD Buzz – Toys R Us’ Latest Revival Plans, Buzzfeed Gets into Retail, The Demise of Sears and More
Toys R Us is Dead, Long Live Geoffrey’s Toy Box? As has been speculated for several weeks, the Toys R Us brand is making a comeback, sort off. The company is rebranding itself as ‘Geoffrey’s Toy Box’ and will, it seems, be operating alongside other, yet to be named retailers. But will this gambit work?…
KHD Buzz – Amazon Raises Minimum Wage to $15, Toys ‘R’ Us May Not Be Dead After All and More
Amazon is Raising Worker Minimum Wage to $15 per Hour – How Will That Affect Other Retailers? Last week Amazon announced that the minimum wage across their workforce is being raised to $15 per hour. The new minimum wage, effective Nov. 1, will affect more than 250,000 Amazon employees as well as over 100,000 seasonal employees…
KHD Buzz – Amazon Debuts New York Retail Store, How Brands Plan to Survive The ‘Retail Apocalypse’ and More
Amazon Opens New York City Store To Sell Highest Rated Products In another foray into the world of brick and mortar, retail Amazon giants have debuted a new flagship store in New York City’s Soho district. The store, dubbed ‘Amazon 4 Star’ showcases products from across Amazon’s offerings that are rated by reviewers at four stars or…
KHD Buzz – 2018 Holiday Retail May Top $1.3 Trillion, Amazon’s New Small Business Initiative and More
Deloitte: Retailers Could Ring Up Over $1.3 Trillion This Holiday Season According to a newly released report from Deloitte, US retailers – both brick and mortar stores and online merchants – are poised to ring up sales topping $1.3 trillion, an increase of between 5 and 5.6 percent from a year ago. Read More Amazon Debuts ‘Store Fronts’…
KHD Buzz – Jet.com Gets a Makeover, Online Retail to Predicted to Hit $525 Billion by the End of the Year and More
Walmart’s Jet Gets an Urban Rebrand Jet.com, which Walmart acquired in the hopes of making it an Amazon competitor, has undergone a complete rebrand, changing its image to better appeal to urban shoppers living in big cities, a demographic that makes up the largest section of its customer base. Read More Report: Online Retail in…
KHD Buzz – Holiday 2018 Retail Predictions, Jeff Bezos’ Chances of Becoming a Trillionaire and More
An Early Look at the 2018 Holiday Shopping Season Even though the summer is not quite over yet most retailers are already gearing up for the big holiday shopping season, but what do the experts think that the 2018 season has in store? Forbes took an in-depth look and it seems that the 2018 holiday…