Savings.com Retail Index Predicts Online Holiday Shopping Season to Be Earlier and Bigger Than Ever

Savings.com Retail Index

Consumer Same-Day Purchase Intent
Consumer Same-Day Purchase Intent
Consumer Same-Day Purchase Intent

SANTA MONICA, Calif., Oct. 14, 2020 (GLOBE NEWSWIRE) — Savings.com (https://www.savings.com/) today released new research on the upcoming online holiday shopping season. The Savings.com Retail Index suggests this year’s e-commerce shopping will be the biggest and longest holiday shopping season ever.

The research, “Savings.com Retail Index: 2020 E-Commerce Holiday Shopping Season Earlier, Bigger Than Ever Before,” found that increased spending in advance of the holiday season started a month earlier that previous years.

“Traditionally, e-commerce experiences its seasonal low in mid-September between back-to-school spending and the beginning of holiday and fall spending. This year, which isn’t traditional in any fashion, the seasonal low happened in mid-August as if the holiday spending season will be a full month longer,” said Sara Korab, Retail Trends director at Savings.com. “In addition, with Prime Day and competing sales dominating this week, we expect

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Insider Retail: Ruby Tuesday bankruptcy, alt-protein, shopping season

Hello and happy Friday!

I’m happy to bring you another week of Insider Retail, Business Insider’s weekly round-up of everything that’s happening in restaurants and retail. If you haven’t already subscribed, click here to get me, Shoshy Ciment, and my colleague, Kate Taylor, in your inbox every Friday. 

By the way, Kellogg and Insider are hosting an event next week that will explore the impact of COVID-19 and climate change on world hunger. To sign up for the Tuesday event and to hear more about the fight to end global hunger, click here.

Alright, onto the news:

Ruby Tuesday times square

Ruby Tuesday has filed for bankruptcy.

Mary Altaffer/AP Photo


Ruby Tuesday filed for bankruptcy on Wednesday. The casual dining chain had already been on a downward spiral during the pandemic, closing dozens of restaurants in 2020.

The chain now joins a rapidly growing list of casual dining places to file for bankruptcy amid

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Female Retail Brand Founders & National Women’s Small Business Month

October is National Women’s Small Business Month, an initiative focused on promoting female-led business operations.

In 2020, this month-long spotlight on female business owners is especially important, as recent reports show the impact of the pandemic has been dramatic on women in the workforce: Many aged 25 to 54 have stepped out of the professional environment to care for children and family. 

Despite this year’s challenges, the 2019 State of Women-Owned Businesses Report indicated upward growth in the world of female-helmed businesses. 

Findings from the research indicate there are nearly 13 million women-owned businesses in the US that employ 9.4 million people and generate $1.9 trillion in sales. 

Additionally, women-owned businesses grew 21% between 2014 to 2019, while businesses owned by women of color doubled that growth rate: As of 2019, women of color accounted for 50% of all women who owned businesses.

Within the retail and direct-to-consumer sector,

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How The City’s Retail Witnessed A ‘Christmas’ Miracle, And Why Shopping Malls Aren’t Dying

Amid Hong Kong’s retail sales slump since last year’s social unrest, statistics have not shown favor to the city’s economic conditions, owing to the lack of tourism and continued political economy divide. The Census and Statistics Department revealed the total retail sales for August 2020 declined by 13.1% year-on-year, whereby the first eight months of the year saw a 30.2% negative in sales.

The largest category affected was of food and alcoholic drinks due to the third wave’s social distancing measures and dining regulations, which in effect spurred supermarket sales by 10.8% inspiring an additional uplift of 10.1% in electrical and other consumer durable goods for stay-at-home cooking. 

Yet, retailers and landlords have shown resilience as they had become well accustomed to the inevitable waves of Coronavirus cases causing suspension in several trades.

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A Look At The Micro-Fulfillment Model And The Future Of Grocery Retail

CMO of PULSE, the robotics and technology company. Recognized Thought Leader in strategy, retail, e-commerce and micro-fulfillment. 

In an effort to more cost-effectively fulfill online grocery orders for its customers, Amazon has opened a “dark store,” which is more of a warehouse than a store. Located in Brooklyn, New York, Amazon’s dark store will be a good test of the concept to determine how big of a role the stores will play as the company accelerates investment in the grocery ecosystem.

Amazon is confronted with many of the same challenges as its grocery competitors, like Walmart, Kroger, Albertsons and Ahold Delhaize. Among the challenges is how to meet the increasing demand for online grocery ordering and delivery. 

On the surface, fulfilling online grocery orders appears to be a fairly simple and straightforward process. It’s not. Consumers purchase a wide variety of products, resulting in a mixture of small,

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How One Small Shopping Center Operator Is Thinking About the Future of Retail

The Millionacres team recently chatted with Todd Laurie, executive vice president of Fund Services and partner at Baceline Investments, on The Motley Fool’s live show. The reason we wanted Todd on is to talk about the future of retail and shopping centers. We’ve seen a dramatic shift in retail during the COVID-19 pandemic, which is affecting real estate investing as a whole, whether you’re investing in REITs or commercial real estate.

Todd leads the Capital Development and Investor Relations Department and sits on the company’s board of directors, making him responsible for setting the strategic direction of the company, overseeing day-to-day operations of investor relations and capital development. Baceline is headquartered in Denver and operates nearly 80 neighborhood community shopping centers at around 25 markets. Baceline is a private company that invests in small strip centers that are in the middle of neighborhoods and deal in everyday goods and services,

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Fashion retail giant H&M to close 250 of its stores around the world as the pandemic sends shoppers online



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Fashion giant H&M said it is closing 250 of its stores globally next year as the Covid-19 pandemic continues to accelerate a major switch to online shopping. 

H&M, which is the world’s second biggest clothing retailer, said that around a quarter of its 5,000 stores are able to renegotiate or exit contracts next year, allowing it to shut around five per cent of its shops for good.

The locations of the shop closures, how many jobs will be axed and whether or not any UK stores will be affected, remains unclear. 

The update came as the Swedish company said it had seen trading continue to recover in September, but sales remained 5 per cent lower than at the same point a year ago.



Shutting shops: Fashion giant H&M is closing 250 of its stores globally next year


© Provided by This Is Money
Shutting shops: Fashion giant H&M is closing 250 of its stores globally next

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Phillips Launches Online Jewelry Retail Platform

Pieces designed by Shaun Leane are offered at Phillips’s online retail platform “Flawless”.


Courtesy of Phillips

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Major auction houses have been expanding their online offerings in the wake of Covid-19 crisis. A recent example is
Phillips
’s new retail platform, Flawless, launched last week to offer exceptional jewels for direct purchase. 

Located on Phillips.com, Flawless currently features 18 pieces by brands including Van Cleef & Arpels, Tiffany & Co., and Cartier, and 12 commissioned pieces from British jewelry designer Shaun
Leane
.

All the pieces can be viewed and purchased immediately online. The prices range from US$3,400 to US$199,800.

READ MORE: Sotheby’s London Unveils Retail Space, Offering an Array of Collectible Items

“Dovetailing with Phillips’ global Jewels department, Flawless provides an additional platform for both online and offline sales,”
Paul Redmayne
, head of private sales of Phillips Jewelry, said in a statement. “In addition, Flawless will showcase

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Amazon Brings Palm Reader Payments to Retail Stores

Move over Bill Gates, it’s time for Jeff Bezos to get a little more time in the spotlight of conspiracy theorists. On Tuesday, Amazon announced the rollout of its new Amazon One devices that use a customer’s palm for identification and payment at physical retail stores. The devices are already available for use in Seattle locations for Amazon Go stores, and the company wants to expand it to any retailer willing to partner with the enemy.

According to an announcement by Dilip Kumar, vice president of Amazon’s physical retail business, the Amazon One device creates even less payment friction in the company’s cashier-less retail stores. Instead of being identified by an account on their mobile phones, customers can simply walk into the store, scan their palm, shop for products, and the purchases will be automatically charged to a credit card.

Is this a precursor to the fabled mark of the

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