Wednesday, June 5, 2013

Big Mid-Week Reading List

  • U.S. Retailers Will Shape the Future of Canadian Shopping (Colliers)
  • Study Illuminates the Evolving Role of Digital in the Consumer Journey (GroupM Next)
  • Why Abercrombie & Fitch (Almost) Never Puts Anything On Sale (FastCo)
  • Retailers Fight for Relevance in the Teen Space (CNBC)
  • Can mobile reinvigorate traditional department stores? (Mobile Commerce Daily)
  • Retail Industry Maintains Digital Ad Spend Lead (eMarketer)
  • BaubleBar is becoming the first go-to destination for affordable jewelry (Business Insider)
  • Retailers Use Technology to Get a Leg Up With Customers (Robin Report)
  • Chinese tourists power-shopping in U.S. (Seattle Times)
  • Brick and Mortars (Still) Can't Beat the Web on Price (HBR)
  • J.C. Penney Continuing Ron Johnson’s Vision on the Cheap (Bloomberg) and J.C. Penney Opts for Toned Down Renovation Plan (AdAge)
  • The Myth of the Omnichannel Retailer (WSJ)
  • How Our Lust for Stuff Is Making the Whole World Your Mall (Wired)
  • Beyond Price: Comparison Shopping 2.0 Is About Customer Experience (AllThingsD)
  • Walgreens opens decked-out urban flagships (USA Today)
  • How Brands are Digitizing Retail: The Store of the Future Has Arrived (and No, It's not Apple) (Adweek)
  • The Local Shopper’s Digital Path to Purchase (POPAI)
  • Amazon plans major move into grocery business (Reuters)
  • Study Shows More Consumers Prefer Online Shopping (UPS/comScore)
  • Self-Service Shopping Grows in Popularity (Cisco)
  • Why Google Needs Shopping to Save Search (Wired) and Google Is Learning How Smartphones Impact In-Store Shopping (FastCo)

Wednesday's Retail Quick Fact: From 2007 to 2012, Michael Kors grew total revenue from $313 million to $2.18 billion, for a 5-year CAGR of 47.5%.

During the same period, KORS increased its store footprint from 48 locations to 304 stores globally and retail store sales grew from just $64 million to $1.06 billion, for an incredible 5-yr CAGR of 75.6%; sales per square foot grew from just $685 in 2007 to $1,702 in 2012.

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