Monday, March 11, 2013

Monday Morning Retail Briefing

Economic & Retailer Earnings Calendar for the Week of 3/11 - 3/14

Retail & Consumer Reads to Start Your Week
  • The Death of the American Mall and the Rebirth of Public Space (The International)
  • Best Buy counts on appliances for sales revival (Star Tribune) and Best Buy VP On Why He Thinks The Company Can Still Compete (Consumerist)
  • Black Consumers Among Most Engaged Mobile Users (Prosper Insights & Analytics)
  • Lululemon's Christine Day: In sweaty pursuit of innovation (The Globe and Mail)
  • The Department Store Is Watching You (The Atlantic Wire)
  • Jifiti Lets You Teleport Products To Your Friends (TechCrunch)
  • Retail Sales in U.S. Probably Advanced in February for 4th Straight Month (Bloomberg)
  • Ron Johnson’s Genius Plan Has Transformed JCPenney Into A Frankenstein-Like Monster (Fox Business)
  • Infographic: How Video Drives Consumers to Purchase (GetElastic)
  • Sycamore Partners Turns Heads With Its Retail Shopping Spree (DealBook)
  • At SXSW: Why Mobile Is the Future of Retail (Publishers Weekly)
  • Retailer Hot Mama Eyes Rapid Expansion (Minneapolis/St. Paul Business Journal)
  • Last call for Neiman Marcus's eBay store (Reuters)
  • Anthropology Inc.: How companies use social scientists to probe the deepest needs, fears, and desires of consumers (The Atlantic)
  • The Headache in Housewares for J.C. Penney (NY Times)
  • Online Retailers Move Past Discounts to Earn Deeper Customer Loyalty (eMarketer)

Monday's Retail Quick Fact:
Under Armour grew revenues from just $49.6 million in 2002 to $1.835 billion in 2012, for an unbelievable 10-yr compound annual growth rate of 43.5%.

Since opening its first branded retail store in late 2004, the company has expanded its store presence to 109 locations in the U.S., Canada and China at the end of 2012. Sales per square foot reached $782 in 2012, and direct-to-consumer (retail store and e-commerce) sales represented 29.0% of total revenue, up from just 10.7% in 2007.

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