While Wal-Mart rang up 2013 sales of $334.4 billion, Kroger captured the No. 2 spot with revenues of $93.6 billion. Rounding out the top five were Costco ($74.7 billion), Target ($71.3 billion) and The Home Depot ($70.0 billion).
(Source: National Retail Federation, 07/03/14) ... Read More
What Are The Country's Most Popular Stores?
What are America's most popular stores, the ones that consumers visit most often? Placed, the consumer habits data service provider, determined that the most popular retailers are generally in the fast food, discount retail and pharmacy categories.
Half of the most visited stores are fast-food chain locations, while mass merchandisers and drug stores each have two representatives on the list, and the convenience store category has one.
(Source: 24/7 Wall St., by Thomas C. Frohlich, 04/30/14) ... Read More
A Retailer's Guide to Webrooming
The popularity of Web-based shopping has adversely affected brick-and-mortar stores, but a change in the way consumers make purchases may give traditional retailers a fighting chance.
Showrooming, the process of browsing in-store and buying online, is beginning to take the backseat to webrooming. This is the exact opposite of showrooming, and conventional businesses may be able to take advantage of the trend.
(Source: Merchant Warehouse, 05/09/14) ... Read More
The research indicates that customers who often visit specific retailers tend to be heavy "category spenders," which means that they also frequently shop at other retailers in the same channel. Instead, true loyalty is often the domain of "light consumers" who make fewer trips to stores but typically shop at the same ones.
(Source: Marketing Charts, 03/21/14) ... Read More