Costco Wholesale Corporation (NASDAQ: COST) today reported net sales of $7.67 billion for the month of May, the four weeks ended May 27, 2012, an increase of seven percent from $7.14 billion during the similar period last year.
For the first thirty-nine weeks of its reporting period ended May 27, 2012, the Company reported net sales of $71.28 billion, an increase of ten percent from $64.75 billion during the similar period last year.
Comparable sales for May was up 4%.
Google to Overhaul Shopping Service, Introduce Purely Commercial Model - YAHOO!
Google is planning a major overhaul of its shopping feature in which it will shift to a purely commercial model built on Product Listing ads.
The shift, to be completed this fall, is designed to "make it easier to research purchases, compare different products, their features and prices, and then connect directly with merchants to make their purchase," according to a blog post from the company.
[More from Mashable: Google: Knowledge Graph is Making You Search More]
Google is calling the new experience Google Shopping. Confusingly, a tab called Google Shopping already exists, but when you click on it, it leads to Product Search. Product Search is a mix of paid and unpaid placements. Google Shopping will consist of all paid placements, which is based on bids that retailers send via a constant feed. (However, search results for products will also include purely organic results below the top and right side of the page.) In addition to providing more revenues for Google, the change will also give consumers better search results, says Sameer Samat, vp-product management at Google.
As an example of the changes in store, Google provided the following image for Product Search as it currently appears:
[More from Mashable: Google+ Local Unlocks the Power of Zagat]
Here is how Google Shopping will look this fall:
As illustrated, the major change is the lack of product ads vs. "product universal," Google's term for organic results that it had highlighted the same way.
Another change is for more specific queries. In this case, while the searches above were for "tents," the following is for "marmot limelight 2p."
In addition to those changes, Google is rolling out Trusted Merchants, a program it quietly introduced in April that takes into account reviews, shipping times and other factors to give Google's seal of approval to merchants. While that program may help level the playing field with eBay, the overall changes to Google Shopping appear to be a bigger threat to Amazon.
In December, The Wall Street Journal reported that Google was in talks with major retailers about a new service that would add cheap 24-hour shipping to Product Search. Google would oversee the shipping feature, which would show whether stores have a product in stock and can deliver it within a day. The program might involve the United Parcel Service and local courier services, according to the WSJ.
Samat declined to comment on that report.
Image courtesy of iStockphoto, kyoshino
This story originally published on Mashable here.
Shopping around too tiring? Use smartphone - Yahoo Finance
Melanie Sheridan doesn't do much shopping these days without her smartphone. As a work-at-home mother and the creator of the blog "Mel, A Dramatic Mommy," Sheridan says she relies heavily on her phone to organize her household shopping and keep a close eye on her spending.
"I've been on a serious mission to slash our grocery budget," says Sheridan, who lives with her husband and son in San Diego. "Now that I've got an iPhone, I told my husband it will start paying for itself in terms of savings."
Tech-savvy, price-conscious consumers have hundreds of mobile phone applications to choose from. Sheridan says she's shaved about $50 off her family's monthly grocery bill by using a combination of five different smartphone shopping apps. Sometimes the savings come from something as simple as making a list and sticking to it. But she says the real household budget help comes from smartphone apps for comparing prices.
Apps take legwork out of comparing prices
Amazon Price Check is one of Sheridan's go-to apps for retail items because it allows her to see if better prices are available online while she's shopping in a store. She scans item barcodes with her phone's camera or types product names into the app's search bar to compare the store's prices to those offered by Amazon and its merchants.
ShopSavvy, Google Shopper and eBay's RedLaser are comparison-shopping apps that work in similar fashion but show prices charged for a particular item across the Internet and at other local stores.
If you're having trouble finding a store selling what you're looking for, apps such as Goodzer can help you source almost any consumer item, whether it's available at a chain store or local mom-and-pop shop.
The Consumer Reports Mobile Shopper allows you to instantly compare prices from both online merchants and local brick-and-mortar stores, plus it shows you the product reviews and insights the magazine is known for.
Shop around for a shopping app
The Consumer Reports app has an annual fee, $4.99 a year, while the others mentioned so far are all free. Often, you won't have to open your wallet for a great app that will save you money.
"When it comes to apps, the adage that you get what you pay for is really irrelevant as a litmus test for consumers to decide if they want to install an app," says Ryan Ruud, a digital media expert in Minneapolis who calls Target's free shopping app his "lifeline."
Ruud says plenty of great free smartphone shopping apps are available, often supported by advertising or provided by a particular store hoping you'll shop there. But understand that while a retailer's branded app may offer the latest deals and list-making features, it likely won't tell you if a competitor has a better price. So it's worth shopping around for the right app before you start doing the real shopping around.
To find a quality app, Ruud advises consumers to look at the reviews in an app store. If an app has several hundred reviews or more and the ratings are high, he says it's probably good. Likewise, regular updates for minor fixes are a good sign the app's maker offers ongoing support. If you pick the wrong app, you can always delete it and find another.
Shopping and talking?
Siri, Apple's voice-recognition tool, has been something of a sensation since it was introduced for iPhone last year. Now a number of popular shopping apps advertise the possibility of speaking to your smartphone instead of typing in a product or scanning a barcode to do a price check. Unfortunately, the more cutting-edge you are, the more bugs you're likely to encounter. Voice-controlled shopping apps -- available for both iPhone and Android platforms -- are still in their infancy, with kinks still to be worked out.
Craig Agranoff, a technology reporter and co-founder of Grip'd, a Boca Raton, Fla., company that develops iPhone and iPad apps, says he's not quite sure Siri is a useful mobile shopping tool just yet.
"Voice for product searching seems to be a bit far off for now since you're really hoping that the operating system recognizes what you said properly," says Agranoff. If the voice app doesn't understand you, you'll be back to manually entering product information or scanning the barcode.
But Agranoff points out that the speed of innovation in the mobile-app space is intense, so better voice recognition is coming.
Caution on privacy
While free apps can certainly help you simplify your shopping and save, they also raise some serious questions about consumer privacy, says Aaron Messing, a lawyer who specializes in information privacy issues at OlenderFeldman in Union, N.J.
"If you have a smartphone, it knows everything about you," he says. "Consumers should understand what types of data they will be sharing when they use a particular app."
Read the terms of service before installing any app. Messing says you also need to ask: Will this app have access to my location, pictures, contact book, and voice or text communications? If so, when will it collect that information, and how will the app use it?
Even people who are extremely cautious about their privacy may decide the benefits of smartphone shopping apps are worth giving up some personal information for, he says. All experts stress that whether a shopping app is free or costs you something, it will track your shopping habits because that's often how customized deals are targeted to specific consumers.
More From Bankrate.com
Shopping Calendar Gets a School Day - New York Times
The magazine, Teen Vogue, is ready to begin promoting Aug. 11 as a national day for back-to-school shopping. Back-to-School Saturday will offer young shoppers — and the parents who often pay the bills — sales, free samples and events in stores and malls.
Teen Vogue has two dozen advertisers taking part, all of them reliant on the back-to-school season for revenue. The participants will include Aéropostale, American Eagle Outfitters, Express, Guess, H&M, Maybelline New York, Pacific Sunwear of California, Quiksilver, Staples and Vans. Four brands sold by Procter & Gamble, the nation’s largest advertiser, will be involved: Cover Girl, Olay, Pantene and Tampax.
Back-to-School Saturday will be promoted in the typically enthusiastic Teen Vogue tone of voice. For instance, ads and posters will exhort, “Get ready, get set, get shopping!” And social media will, of course, play a big role; Teen Vogue has already called dibs on a hashtag, #btss.
“We’re trying to create a moment of imagination and motivation,” said Jason Wagenheim, vice president and publisher of Teen Vogue, part of the Condé Nast Publications division of Advance Publications. “We saw it as a real opportunity, because for our girls, back-to-school is as important as” the Christmas shopping season, he added.
Mr. Wagenheim acknowledged that the back-to-school shopping period “is a very random 8 to 12 weeks that starts early in the South and later in the North.” But research suggested that shopping for school supplies, clothing and other merchandise “seems to peak in the second and third week of August,” he said, so the Aug. 11 date was selected as one that could be turned into “a galvanizing moment.”
Alison Corcoran, senior vice president for retail marketing at Staples, echoed Mr. Wagenheim.
Although “the season starts in June in some markets and goes all the way to the third week of September in Manhattan,” Ms. Corcoran said that designating Aug. 11 as a special occasion “is putting a stake in the ground, saying, ‘Here’s a day you can rally around.’ ”
And “for value-conscious parents,” said Ms. Corcoran, who described herself as “a mom of four,” it is “great to know there’s a day with the best of the best deals.”
As part of Back-to-School Saturday, she added, Staples will promote, among other offers, its annual Back to School Savings Pass, which costs $10 and offers 15 percent off “all your school supplies for the rest of the season.”
Mr. Wagenheim said he was not daunted by how chockablock the shopping calendar already is with days intended to stand out from the everyday. “Kids are looking for something to do,” he said, “and back-to-school is important to them.”
And “we look to our big sisters from Vogue,” Mr. Wagenheim said, who introduced in 2009 a national shopping event called Fashion’s Night Out. The Vogue initiative has grown larger each year, expanding internationally, and this year is Sept. 6.
Consumers are becoming “increasingly interested in event-based shopping,” said Gary H. Schoenfeld, chief executive at Pacific Sunwear, who recalled how he was “up all night on Black Friday in three or four of our stores, and customers were having a blast.”
“Three o’clock in the morning felt like 8 o’clock at night, as people were with friends and having a great time shopping,” Mr. Schoenfeld said. “The idea of Teen Vogue trying to introduce something like that for back-to-school is a fun idea; why not be a part of it?”
Deborah Marquardt, vice president for media and integrated marketing at Maybelline New York, part of the L’Oréal USA division of L’Oréal, said that for Teen Vogue’s target generation, “shopping is like a sport.”
Back-to-School Saturday represents an “opportunity to get out in front of this key audience,” she added, in a relevant way that “gives shape and focus to something that’s already existed, elevating it, event-izing it and celebrating it.”
“If it doesn’t provide anything of value,” Ms. Marquardt said, consumers will not respond. “But they’re going to get samples, and they’re going to get offers, and there’ll be a fashion show at the Grove,” she added, referring to a mall in Los Angeles, “where 10-to-15,000 are expected.”
Teen Vogue offered advertisers a chance to participate in Back-to-School Saturday if they agreed to do more business with the magazine, in some combination of print and/or digital spending.
For its part, Teen Vogue is spending hundreds of thousands of dollars on the initiative, an amount similar to what the magazine has spent on previous efforts like Teen Vogue Fashion University.
Mr. Wagenheim said, “Our long-term hope is that it becomes part of the retail calendar, like Black Friday.”
The August issue of the magazine, on sale on July 3, will have a back-to-school theme, and there will be additional content on teenvogue.com. There are plans for an iPhone app, called Teen Vogue Insider, timed for Back-to-School Saturday.
Wholesale Discount Sunglasses Redesigns Its Blog And Shares More Tips - YAHOO!
Wholesale Discount Sunglasses has redesigned their blog to put more focus on sharing tips with the sunglass dealers and customers.
(PRWEB) May 31, 2012
Blogs are a popular tool to stay in touch with the customers. Wholesale Discount Sunglasses recently redesigned their blog to lay more emphasis on sharing tips and product information with the dealers and customers to help them sell more from their outlets.Social media is an important connection point between companies and customers in the Web 2.0 world and a blog helps the companies achieve the connect very easily. While several companies struggle to find good topics to write about, WDS updates the blog quite regularly with useful information. "We have identified the need to educate our customers with technical product information, industry news and sales techniques as the prime content idea for our blog", said Jeni Bachelder, who runs the popular blog.
'Tell to sell' is becoming the mantra in today's world and merchants are realizing that an educated and knowledgeable customer buys more and buys with confidence. They are now actively sharing all types of product information including specs and best ways to consume. This results in increased sales for the merchant and better utilization for the consumer.
WDS are a popular online sunglass store offering replica sunglasses for sale in packs from 1 dozen to several hundred. These designs are inspired from leading brand designs and sell very well at regular retail stores due to the attractive price points. They also provide a convenient user interface and highly responsive customer service with online chat and toll free numbers. The blog describes the different designs and the history behind these. It also allows the customers to buy the sunglasses easily with a direct link from the blog.
"Articles carrying tips to increase sales during special festivals and occasions are very popular with our readers", reported Jeni. They also share discount coupons at times so that the dealers can make extra profit during these times.
About Wholesale Discount Sunglasses:
WDS carries wholesale sunglasses and other designer sunglasses, both in classic as well as fashionable looks at their online store at http://www.WholesaleDiscountSunglasses.com. The website features convenient online shopping with live chat and toll free numbers.
Contact:
Jeni Bachelder
Wholesale Discount Sunglasses
503.488.5458
Jeni Bachelder
Wholesale Discount Sunglasses
503.488.5458
Email Information
No comments:
Post a Comment