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Posts with tag: sales | Return to ShoppingBlog.com Homepage

Beyonce's Heat is a Hot Item

Heat


WWD reports that Macy's CEO Terry Lundgren says the company sold $3 million worth of Beyonce's Heat fragrance in the past month. The retailer also sold 72,000 bottles in a single hour when Beyonce was in the Macy's Herald Squre store singing autographs.
Lundgren shared other tidbits, such as the fact that Macy's sold $3 million worth of Beyonce Heat, Beyonce Knowles' debut fragrance, from early February to early March, and 72,000 bottles during the hour she signed autographs in Herald Square. Growth is accelerating for $1 billion macys.com, which saw double-digit gains in February, he said.
Industry insiders predicted Beyonce's Heat would generate $100 million in global revenues. The high figure appears to be feasible with these early sales figures from Macy's.

(via The Cut)

Posted on March 17, 2010
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Sales Taxes Rising Nationwide

As cities struggle with declining property values and the lingering recession, they are desperate to raise funds. That is leading to increasing sales tax rates across the nation. Forbes reports:
...Vertex Inc., which calculates sales tax for Internet sellers, reports that the average general sales tax rate nationwide reached 8.629 percent at the end of 2009, the highest since the company started tracking data in 1982.

That was up a nickel on a taxable $100 purchase from a year earlier and up nearly 40 cents for the decade. The highest sales tax rate in the country now stands at 12 percent.

******

Nationally, sales taxes in 2008 generated more revenue for state and local governments about $450 billion, a recent Government Accountability Office report suggests -- than did either property taxes ($411 billion) or personal income taxes ($310 billion).
Sales taxes are going up, but incomes are not, which is why some tax increases that are being voted on soon won't be passed.

Posted on March 12, 2010
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Men's Ties and the Economy

CNN's Stephanie Elam discusses the relationship between purchases of men's ties and the economy. Sales of men's ties fell 18% last year according to the NPD Group. Men's underwear purchasing habits can also be used as an economic indicator. Take a look:



Posted on March 7, 2010
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Shop at Zappos.com!

Clothing Sales Fell in February. Blame It On The Snow

Winter Clip ArtThe harsh February winter in the Northeast and Mid-Atlantic is being blamed for weaker than expected apparel sales. Clothing sales fell 1.8% in February, 2010 when compared to February, 2009. This means clothing sales were worse last month than they were during the recession. It is also a drop of 13.8% from February, 2008. That's not a good report but analysts appear happy to chalk it up to the constant snowstorms that prevented people from shopping.
Apparel sales were at stronger prices than a year ago, according to MasterCard, indicating retailers didn't have to resort to sharp discounts. More full-priced and less trade-down purchases could help profits, offsetting the weather's impact.

Department stores reported sales were unchanged from a year-earlier, the first time that segment hasn't posted a year-over-year decline since November 2006.

"A year ago, spending was really in critical condition," said Michael McNamara, vice president for research and analysis at MasterCard Advisors, which tracks sales by all payment forms. "Now, it's in serious but stable condition."
The wintry weather did boost online sales. The WSJ says MasterCard Advisors reports that online sales climbed 16.7% in February from last year.

Posted on March 3, 2010
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Coffin Sales Down During Recession

The luxury coffin and casket market has taken a hit due to the recession. More people are choosing to be cremated instead of buried after they die, and those that chose burial are selecting less expensive coffins. The Wall Street Journal reports:
The pace of cremations in North America has typically grown at about one percentage point a year, he says, with 36% of deaths being followed by cremation in 2008. But, he says, he expects that cremations grew at a slightly faster pace in 2009, accounting for 38% of deaths.

People who do choose caskets or coffins--coffins have six sides, caskets are rectangular--have become more frugal during the slump, forgoing higher-priced "luxury" boxes made of precious metals and lined with expensive fabrics like silk.

Revenue at custom coffin maker Coffin It Up, for example, has declined 50% during the past 18 months, says co-owner Dusty Schoening, who runs the company with her husband, Brian, in Pahrump, Nev. In particular, demand has fallen for the couple's preordered custom coffins, which are embellished with engravings or artwork and sell for up to $10,000 apiece. To save money, the couple has cut back on trips and concerts. "We've had to make changes in our lifestyle," says Ms. Schoening.

The big players are making changes too. At casket giant Hillenbrand, Mr. Camp was considering buying a business outside the industry before the recession, but the slump persuaded him to pull the trigger.

The state of the economy scared people into tightening their purse strings so much "it spilled over into funeral services," he says. For its year ended Sept. 30, 2009, Hillenbrand's revenue fell 4.3% from a year earlier to $649.1 million, and for its quarter ended Dec. 31, revenue was down 3% to $161.5 million. Hillenbrand sells cremation products, but the lion's share of its sales are caskets.
Wal-Mart is moving in on the business: it now sells caskets and urns online at a discount.

Posted on March 1, 2010
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Sales of New Homes Plunged to Record Low in January

Sales of new home plunged to a record low in January. 309,000 new homes were sold last month. Compared to last month, sales of new homes fell 11.2%. The January figure was also a drop of 6.1% from January 2009. CNN/Money reports that the figure is lowest since the government started keeping housing data records in 1963.
It was the lowest rate since the government began keeping records in 1963 and comes after declines in November and December.

The drop surprised many industry analysts. A consensus of economists surveyed by Briefing.com had expected January sales to rise to an annual rate of 354,000.

"Some people were expecting a surge in demand because of the tax credit," said Patrick Newport, an economist at IHS Global Insight. "But that surge isn't materializing."
An economy recovery is not going to happen quickly. Weak sales of new homes means there is not going to be much new activity in the construction sector for some time.

Posted on February 24, 2010
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Commerce Department: Q4 Online Sales Climbed 14.4%

New data from the Commerce Department indicates that online sales during the 4th quarter of 2009 climbed 14.4% over the 4th quarter of 2008. This is small growth compared to the torrid growth of online sales during prior years but it is significantly higher than overall retail sales.

Internet Retailer says overall retail sales grew just 2.1% in the 4th quarter of 2009. Online sales accounted for 3.8% of total retail sales in the 4th quarter.

Analysts are expecting retail sales to grow slightly this year. However, gas prices could soar this summer and offset some of the expected growth.

Posted on February 20, 2010
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Amazon.com Offers $10 off $50, $25 off $100 on Select Clothing

Presidents Sale Amazon 2010


Amazon.com is offering $25 off $100 orders and $10 off $50 orders on qualifying clothing items for President's Day Sale. You can find the clothes that are part of the discount here on Amazon.com. The offer ends today.

Posted on February 15, 2010
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Video Game Sales Plunged 13% in January

New Mario BrothersBloomberg reports that the NPD Group's data shows January video game sales plunged 13% compared to the year before. Sales slumped despite strong sales for Call of Duty and Nintendo's New Super Mario Bros Wii.
Industry insiders blamed the disappointing January sales on consumer fatigue following the holiday shopping season and shortages of Nintendo Co.'s motion-controlled Wii videogame console.

NPD said sales of videogame software dropped 12% from the same month a year earlier to $597 million, which is much worse than analysts expected.

The fall came despite continued growth in sales of Activision Blizzard's latest "Call of Duty" game, which was released in November and was the fourth-biggest seller in January. Nintendo's "New Super Mario Bros Wii" topped the sales list with 656,700 units.
Wii shortages likely reduced January sales. The Wii still outsold other consoles in January despite the shortage. Here are the top five bestselling games in January.
  1. New Super Mario Bros., Wii (Wii, Nintendo of America) 656.7k
  2. Mass Effect 2, (360, Electronic Arts) 572.1k
  3. Wii Fit Plus w/ Balance Board, (Wii, Nintendo of America) 555.7k
  4. Call Of Duty: Modern Warfare 2, 360 Activision Blizzard 326.7k
  5. Mario Kart w/ Wheel, (Wii, Nintendo of America) 310.9k


Posted on February 12, 2010
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Ann Taylor Increases Its Fourth Quarter Outlet

The Wall Street Journal reports that Ann Taylor is increasing its outlook for the fourth quarter. The retailer is expecting to report flat same-store sales for the fourth-quarter. The retailer credit its promotional strategy and improved product assortments for the sales increase.
The company said it sees sales approaching $470 million, compared with its previous forecast of sales declining "slightly" from the $462.4 million it reported for the fiscal third quarter. Same-store sales are expected to be flat overall, down a less-than-feared 7% at its namesake locations and up about 2% at the Loft chain.

The retailer also expects its gross margin to approach 52%, up from its previous outlook and "significantly stronger" than the prior year's 35.7%.

"I am especially pleased that much of the upside was a result of improved product assortments at both brands," said President and Chief Executive Kay Krill. "Overall, our top-line improvement and healthy gross margin performance also reflected the success of our planned promotional strategy and the benefit of our clean inventory position."
It is good to see some of the reports for retailers getting a little more upbeat.

Posted on February 2, 2010
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Mattel Gets a Boost From Barbie

BarbieThe Wall Street Journal reports that Barbie helped boost Mattel's fourth quarter profits by 86%. Barbie sales jumped 12% in 2009 compared to the year before. However, Mattel's overall sales only increased by 1% because the toy manufacturer did not do as well in other categories.
The largest U.S. toy maker reported a profit of $328.4 million, or 89 cents a share, up from $176.4 million, or 49 cents, a year earlier. The periods included tax benefits of 8 cents a share and 13 cents, respectively.

Despite a 12% increase in Barbie sales, its overall sales were lackluster, with revenue climbing 1% to $1.96 billion. Sales fell 2% in the U.S., where Mr. Eckert said Mattel lost "a little bit" of market share, mostly as a result of fewer toys tied to entertainment than last year.

Analysts polled by Thomson Reuters had most recently forecast earnings of 68 cents a share on $1.98 billion in revenue for the El Segundo, Calif., company.
It isn't a surprise Barbie sales were up in 2009. Barbie was celebrating her 50th anniversary and there were numerous activites, events and product launches. A few of the Barbie events include a fashion show, life-size Barbie Malibu Dream House and designer Barbie dolls.

Posted on February 1, 2010
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Ford Records $2.7 Billion Profit in 2009

Ford recorded a $2.7 billion profit in 2009. This was Ford's first profit in four years. Ford was the only big three U.S. automaker to not accept a government bailout. The company is expecting to stay profitable in 2010 but it does see many challenges ahead. It is good to see one of the big three back in the black again. Take a look:



Posted on January 28, 2010
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NRF Projects Retail Sales Will Climb 2.5% in 2010

NRF LogoThe National Retail Federation (NRF) has released its 2010 economic forecast. The NRF projects retail industry sales will increase 2.5 percent from last year. Auto sales, gas stations, and restaurants are excluded from the NRF's forecast. This would be a 5% gain from 2009, when total industry retail declined 2.5 percent.

"As we continue to see signs of improvement throughout the U.S economy in 2010, overall sentiment will begin to lift, making way for slight increases in consumer spending," said NRF Chief Economist Rosalind Wells. "While we still expect shoppers to continue to be frugal with their discretionary spending, retailers will soon be able to reap the benefits of leaner, smarter inventories and a year and a half of pent up consumer demand."

Posted on January 26, 2010
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Sales of Existing Homes Plunge in December

Sales of existing homes slowed in December, much more than anticipated. The expiration of the government tax credit for first time homebuyers is thought to be a major cause of the drop. Purchases of existing homes were down 17% in the biggest drop since 1968, when records were first kept. Bloomberg reports:
First-time buyers rushed to complete deals before the $8,000 government incentive was due to end, pushing sales up 28 percent in the three months to November. The subsequent extension and expansion of the credit to include closings through June signal demand will strengthen in the first half of 2010, while raising the risk the market will then slow anew should jobs remain scarce.

"We'll see a pickup in existing home sales in the next couple of months,” said Adam York, an economist at Wells Fargo Securities LLC in Charlotte, North Carolina, who forecast a 5.4 million sales pace. Although "we're past the bottom," he said, "I don't think there's going to be a lot of buyers out there looking for a home outside of the tax-induced effects until they feel more comfortable with the labor market."
When all sales figures from 2009 are counted, sales of existing homes rose 4.9 percent to 5.16 million. The median price dropped 12% from the year before, down to $173,500.

Posted on January 25, 2010
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Wii Helps Boost Video Game Sales in December

Video games ended a bad year with a positive month but it was all because of the Nintendo Wii. Reuters reports that NPD group data indicates sales of video game equipment and software in the United States climbed 4 percent in December. Nintendo sold 3.8 million Wiis in December. The lower price of the Wii introduced in September, 2009 was likely a factor in the console's strong sales.
Wedbush Morgan analyst Michael Pachter said a strong performance by Nintendo Co Ltd's Wii -- spurred by a holiday sales promotion at Wal-mart Stores Inc -- helped boost overall industry figures.

"It was really all Nintendo, they won by a mile," he said.

The Wii sold 3.8 million units in December and set a record for monthly game system sales in the U.S.

"We expected to have a good holiday and this was a great reaffirmation of that," said Cammie Dunaway, Nintendo of America's executive vice president of sales and marketing.
Overall video game sales were not good in 2009. Sales of games and accessories plunged 8%. The decline ruled out the idea that video games may be recession proof.

Posted on January 21, 2010
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