As reported by RetailingToday.com
Concern about rising energy prices and higher medical costs has many Americans expecting to spend less in the months ahead, a recent Deloitte study revealed. Despite showing no signs of spending less in recent months, the Deloitte survey found that nearly three-quarters (74%) of Americans believe higher prices could slow their spending in the months ahead. Deloitte’s study also revealed that mobile and social connections are helping shoppers make savvier buying decisions in the wake of the recession.
According to the survey, more than seven out of 10 (71%) respondents cite concerns about higher energy prices, up from 54%at this time last year, and nearly one-half (47%) point to higher medical costs. Additionally, 44% indicate political unrest in other countries as a factor that could cause them to lower their spending.
Official Home Depot Windows Phone 7 App is Available!
/in The Home Depot /by tashmanConsumers Could Curtail Spending in Months Ahead
/in Retailing Today /by tashmanAs reported by RetailingToday.com
Concern about rising energy prices and higher medical costs has many Americans expecting to spend less in the months ahead, a recent Deloitte study revealed. Despite showing no signs of spending less in recent months, the Deloitte survey found that nearly three-quarters (74%) of Americans believe higher prices could slow their spending in the months ahead. Deloitte’s study also revealed that mobile and social connections are helping shoppers make savvier buying decisions in the wake of the recession.
According to the survey, more than seven out of 10 (71%) respondents cite concerns about higher energy prices, up from 54%at this time last year, and nearly one-half (47%) point to higher medical costs. Additionally, 44% indicate political unrest in other countries as a factor that could cause them to lower their spending.
Highest ranking retailers in customer service
/in Amazon.com, Costco Wholesale /by tashmanFind out which retailers rank the highest in customer service, as reported by ChainStoreAge.com
Amazon.com, Kohl’s Department Stores and Costco Wholesale ranked tops in customer service. according to a new research report published by market researcher Temkin Group.
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Home Depot to buy back $1 Billion in stock
/in The Home Depot /by tashmanHome Depot is spending another $ 1 billion to accelerate its plans to buy back its own stock as reported by The Atlanta Journal-Constitution… (read more)
Home Depot to roll out barcode program
/in The Home Depot /by tashmanIn a way to allow its customers better access to purchase items and to watch product videos and reviews, Home Depot will be making available its first mobile barcode program. This accessibility will greatly increase the efficiency of the company to sell its products through a digital realm. The 2-D barcode will be known as a QR code…(read more)
Home Depot nominates new board of directors
/in Home Channel News, The Home Depot /by tashmanThe Home Depot board of directors has nominated for election two new possible members. Ronald L. Sargent, CEO of Staples, and J. Frank Brown, the dean of a prominent international business school, will be up for consideration during the company’s annual meeting on June 2. In other news, David H. Batchhelder will be stepping down as a director after serving for the last 5 years…(read more)
Walmart to open new hub in Atlanta
/in Retailing Today, Walmart /by tashmanIn an effort to manage more effectively the 1,600 stores it has in 20 eastern states, Walmart has announced the opening of a new office in Atlanta. Rosalind Brewer has been appointed to run the new east division. She currently is the president of Walmart East and the executive VP of Walmart U.S…(read more)
Private equity firm to acquire BJ’s?
/in Warehouse Clubs /by tashmanBJ’s Wholesale Club is in a preliminary discussion to potentially be acquired by private equity firm Leonard Green & Partners. Both parties have signed a confidentiality agreement. The equity firm already owns 10% of BJ’s stock that it had purchased last summer…(read more)
Dollar Tree Posts Highest Performance
/in Dollar Stores /by tashmanDollar Tree has the top ranking among companies measured by their relative performance in the General Merchandise Stores industry. The company posted a gain of 1.1%, ending the trading activity of March 14th. Dollar General posted a loss of 0.49 percent…(read more)
Walmart To Open New Stores
/in Walmart /by tashmanIn order to boost sales nation-wide, Walmart announced a plan to open 300 to 400 new stores across the country. These stores will be scaled back versions of the giant facilities Walmart currently has open in both its urban and rural markets. “Walmart Market” will be approximately 25,000 to 70,000 sq. ft., and “Walmart Express” will be even smaller at 15,000 sq. ft. The company has a plan in place to open up these smaller stores within the next three years…(read more)