SEARCH

Entries in Sales (52)

Friday
Jul052013

Ferrari Looks to Limit Car Sales and Emails

iStockphoto/Thinkstock(MARANELLO, Italy) -- Not long after Ferrari decided to sell fewer cars in 2013, the carmaker is instituting a policy to limit intra-office emails as well.

According to a company statement, Ferrari has decided to "place much stricter limits on the number of emails being sent." Ferrari employees will now only be able to send an email to  three coworkers at a time, eliminating the constant bombardment of "reply all" emails.

The proposal is aimed at limiting the amount of emails sent to large groups, and hopes to increase productivity. While the limit does not apply to emails sent outside of the company, Ferrari is hoping that their employees will "talk to each other more and write less."

Copyright 2013 ABC News Radio

Friday
May242013

Top Memorial Day 2013 Weekend Sales

Bloomberg News Photo by Diane Bondareff(NEW YORK) -- Despite wet and chilly Memorial Day weekend weather forecasts in some parts of the country, retailers will be displaying their summer goods in full force and with discounted prices.

Memorial Weekend sales at some national retailers started as early as Tuesday, so shoppers may want to shop earlier rather than later, according to Thayer Meicler, co-founder of the free location-based app SaleSorter.

"Whenever there's a big sales weekend, it's always best to be an early bird shopper so you can have dibs on the best items," Meicler said.

Sales for spring and summer items are the most prevalent so far, including warm weather clothing, outdoor accessories and summer-themed home goods, said Meicler.

Some businesses, like Macy's, are offering promotions with proceeds benefiting veterans or deals catered particularly to veterans. The restaurant chain Hooters, for example, is offering 10 free wings to veterans, servicemen and women on Monday.

SaleSorter, available for free in the iPhone App Store with an Android app in the works, helps find favorite stores near you and can notify you of the highest-rated sales.

More than a million sales have been listed in the app since it launched about six months ago, including deals that include everything from electronics, furniture and apparel.

For shoppers looking for a type of apparel item online only, Shop It To Me's latest online feature, "Threads", notifies you if your go-to item goes on sale. Just choose your size and brand or a style, like "black blazer," and you can learn when that item is on sale across a broad range of retail websites.

Meicler and her co-founder and brother, Peter Christodoulo, both Harvard grads, hope to build SaleSorter into the ultimate local shopping resource.

"We strive to build a resource with everything you need on sale," Meicler said. "We'll help you find it, across all categories, prices and stores."

Too often shoppers get inundated with email notifications about sales, which are forgotten when they go to the shopping mall. The department store Nordstrom is currently hosting its half-yearly sale for women and children, which is a popular sale not heavily advertised beforehand.

With the SaleSorter app, users can see the Nordstrom sale has a high rating.

"Or if you add Nordstrom as your 'favorite,' when that sale happens, you'll be notified so you never miss that sale," Meicler said.

Here are some of the best Memorial Day Weekend sales, including suggestions from Meicler:

Bloomingdale's - The department store is holdings its Big Brown Bag sale through Monday, offering 20 to 65 percent off select merchandise.

Club Monaco - Club Monaco stores and its website have offered 30 percent off through Monday.
Express - Through Monday, Express is offering 40 percent off every single item, for women and men.

Forever 21 - Starting Friday through Monday, trendy retailer Forever 21 is offering an additional 30 percent of all markdowns, up to 80 percent off, with 500 new product arrivals in select stores.

Gap - Gap's "Red Bright and Blue" event gives shoppers up to 40 percent off select styles through Monday. Kids' denim starts at $18; kids' and babies' shorts, $15; women's and men's shorts, $15; women's dresses, $26, and tees, $10.

Gymboree - Through Memorial Day, everything at Gymboree is $12.99 and under.

Harry and David - Get up to 50 percent off select Harry & David food items with the code STARS.

Macy's - The department store's Memorial Day Sale offers up to 20 to 50 percent off select items through Monday. Select Rampage sandals, originally $39.99, will be 40 percent off through Monday. Get up to an extra 15 percent off in stores with a WOW!PASS from Macys.com. Shoppers can also wear their support for veterans with a "Got Your 6" pin for $6 for 15 to 20 percent off. One hundred percent of the purchase price of the pin will be donated to Got Your 6 ("a campaign that unites the entertainment industry with top veteran-focused nonprofit organizations," according to the website) and its nonprofit partners to empower returning veterans and military families, up to $3 million.

Nordstrom - Nordstrom is hosting its half-yearly sale for women and kids, with savings up to 40 percent.

Old Navy - Old Navy's summer sale gives up to 40 percent off select styles through June 1; adult shorts start at $15, kids' shorts at $8, and swimwear at $10.

Pier 1 - Home goods store, Pier 1, is offering its "9 Day Dealio" sale through Monday, with discounts up to 25 percent off select items.

Pottery Barn - The home goods and furnishings store is offering up to 60 percent off items through Monday. Plus, take 20 percent off all outdoor pillows, select outdoor furniture, umbrellas, outdoor rugs, cushions and more.

REI - Outdoor and sporting retailer REI's anniversary sale is offering up to 30 percent off during the biggest REI sale of the year through Monday.

Yankee Candle -The candle company is offering a Memorial Day fragrance-to-go sale, including $5 for all small jars.

Copyright 2013 ABC News Radio

Friday
Feb152013

Walmart Blames Tax Increases for Poor Sales

Justin Sullivan/Getty Images(NEW YORK) -- Walmart is having the worst start to a sales month in seven years and top executives are blaming new payroll taxes for having a bad impact on their business, according to internal memos leaked to Bloomberg news.  They say higher taxes, mean less money for shoppers to spend.
 
Walmart shares fell $1.52, or 2.1 percent, to $69.30 on Friday. According to the Wall Street Journal, the retail giant's stock slid by as much as 3.8 percent after Bloomberg reported Friday afternoon that Walmart's vice president of finance and logistics, Jerry Murray, said this month's sales have been a "total disaster."

“In case you haven’t seen a sales report these days, February [month-to-date] sales are a total disaster,” Murray wrote in an email to other Walmart executives. “The worst start to a month I have seen in my ~7 years with the company.”

Many economists have been warning that new tax increases -- specifically the payroll tax -- will hurt growth by taking away spending money from consumers.  This tax has the biggest effect on lower income consumers.
 
Bill Martin of Shoppertrak, a firm that counts retail traffic, agrees that may be true, and that people "may be trying to find their willingness to go out and spend."  Still, he adds that Jerry Murray may be over-reacting.

"You know there's no panic even if we are soft by a percentage point or two," Martin says.

According to the Walmart emails, delayed tax refunds leaving shoppers with less cash in February could also be blamed for the poor sales. But Shoppertrak expects pre-Easter spending to pick-up that will continue to help grow the economy.

Copyright 2013 ABC News Radio

Monday
Oct152012

September Retail Sales Post 5.4-Percent Rise

Brand X Pictures/Thinkstock(WASHINGTON) -- Adding to the mix of improving economic news is the retail sales report from the Commerce Department Monday.

Sales in September were better than expected -- up 1.1 percent from the previous month and 5.4 percent above September 2011. This is the third straight month of improving retail sales.

Consumer spending drives about two-thirds of the U.S. economy.

According to economist Diane Swonk, improving home prices are playing a part in Monday’s report, which she says has been “one of the largest positive moves for consumers over last six months.”

The report shows big increases in electronics and appliances; Apple’s iPhone 5 helped boost this sector.

Retail sales outside of autos, gasoline and building materials -- known as core retail sales -- rose 0.9 percent last month.

As with all the positive economic news these days, there are some caveats.  Mark Zandi, chief economist at Moody’s Analytics, points out that “consumers are likely dipping into savings to pay for the increased spending -- we need more jobs to sustain this spending.”

Copyright 2012 ABC News Radio

Thursday
Sep062012

NFL's Average Ticket Prices Up 2.5 Percent

Doug Pensinger/Getty Images(NEW YORK) -- The New York Jets can at least call themselves champions in one category: ticket prices.

The Jets have the highest average, non-premium ticket price in the league at $117.94, according to Team Marketing Report's Fan Cost Index, which was released Thursday afternoon.

The Jets topped the Patriots, who have sold out every game since 1994, by 10 cents ($117.84).

In its annual survey, Team Marketing Report (TMR) found that the average NFL ticket, purchased from a team, will cost $78.38 this season, up 2.5 percent from last year. The average cost to bring a family to the game and buy four regular tickets (not suite or club), two beers, four hot dogs, parking, a program and two adult size hats is $443.93, up 3.9 percent from last year.

Besides the Jets and Patriots, three other teams have non-suite tickets that are selling for more than $100: the New York Giants ($111.69), the Chicago Bears ($110.91) and the Dallas Cowboys ($110.20).

The teams with the cheapest average tickets are the Cleveland Browns ($54.20), the Buffalo Bills ($58.36) and the Jacksonville Jaguars ($59.54).

TMR says that 10 teams raised ticket prices by at least one percent this year, that up from the nine that dared to make increases coming into the lockout last season. The largest increase? The Chicago Bears at 9.3 percent. The average cost of a beer at a game is up 15 cents from last year to $7.28, the study found.

Copyright 2012 ABC News Radio

Monday
Sep032012

Lego Friends Triples Sales Despite Feminist Critique

Amazon(NEW YORK) -- While toymaker LEGO was criticized for perpetuating gender stereotypes with its LEGO Friends toy sets for girls earlier this year, the Danish company has said the controversy may have helped triple sales to girls.

Beginning late last year, the media picked up a maelstrom of criticism that LEGO Friends toy sets for girls – with shapely female figures and playsets like the Butterfly Beauty Shop – reinforced the idea that women should focus on their looks.

At the end of 2011, of the total number of LEGO sets purchased in the U.S., only 9 percent of them were for girls. The company now says its first half year of LEGO Friends availability “has been very successful in recruiting more girls to the LEGO building experience, dramatically increasing that number.” Now, 27 percent of LEGO sets purchased in the U.S. are for girls.

“Our goal with LEGO Friends is to engage more girls in the positive benefits of construction play,” said Michael McNally, brand relations director, LEGO Systems, Inc. in a statement to ABC News.

The LEGO Group is a privately held company based in Billund, Denmark.

In criticizing LEGO Friends, one U.S. organization, SPARK, which stands for Sexualization Protest, Action, Resistance, Knowledge, started a petition on Change.org in December 2011, asking the company to return its marketing strategy to focus on both boys and girls.

Members of SPARK met with McNally and other Lego executives in April to present a report and provide suggestions to LEGO.

“SPARK has approached our critique of LEGO from a place of long-time admiration and disappointment, rather than one of anger,” the group said.  “Despite that, the media loves a good brawl and has portrayed SPARK as an angry feminist group out to get the LEGO Friends banned because we hate pink. This has not been the case, however, and we made sure that the LEGO representatives were aware that our criticism is based on wanting the best for girls, as well as the LEGO company.”

McNally called it a “very productive meeting, and both parties walked away feeling good about the LEGO Group commitment to creative play options for all children.”

Among the suggestions were to include more girls in LEGO advertising and LEGO characters, only 13 percent of which are females, according to SPARK.  The group suggested the company incorporate more boys in advertising for LEGO friends.

“Many of the things that we discussed are things that we already had in progress or were planning to do, such as more female mini-figures in other LEGO themes, a broader variety of interests and hobbies reflected in LEGO Friends sets and the addition of male characters to the collection,” McNally told ABC News.

He said the company’s 2013 products “will reflect how much of this was already in progress.”

Bailey Shoemaker Richard, SPARK team coordinator, said she is “thrilled” the company is “heading in a direction that doesn’t limit girls to traditionally or strictly gendered roles,” like homemaking and baking, “and giving girls a broader range of options.”

“I’d still love to see better integration of these lines with the LEGO lines as a whole, for example by having more girls in all of their ads and showing boys playing with the Friends line, but as a first step, this seems positive,” she said.

McNally said, “LEGO Friends is one of the most extensively tested concepts in our company history, with four years of research done with thousands of girls and their moms around the world. We learned a lot about why more girls were not finding LEGO building to be more compelling and exciting, and we infused those insights to the line to create the collection that we heard very clearly would be more interesting for girls.”

He added, “The reaction from families who have tried LEGO Friends has been fantastic,” receiving “hundreds of thousands of emails and phone calls from parents, grandparents and children sharing their thanks and enthusiasm for the collection.”

The company has heard feedback describing how children using LEGO Friends have a “new-found interest in building” and go on to explore with other LEGO toy sets.

Copyright 2012 ABC News Radio

Tuesday
Jul032012

Automakers Report Better-than-Expected June Sales

iStockphoto/Thinkstock(DETROIT) -- American consumers may be cautious about spending more money but they are buying new cars. From fuel efficient small cars to monster pickups, sales are up. Both U.S. and foreign automakers reported better than expected numbers for the month of June.

Chrysler saw its best June in five years with sales of the Fiat 500 and Chrysler 300 more than double those of a year ago. Ford had a decent June with sales up 7 percent. General Motors gained 16 percent compared to 2011. Sales of the Chevrolet Volt more than tripled compared to a year ago.

Copyright 2012 ABC News Radio

Tuesday
Jul032012

Back-to-School Sales Hitting Stores Early

iStockphoto/Thinkstock(NEW YORK) -- School may be out for the summer, and while the fall semester is still months away, that isn't stopping stores from launching back-to-school sales.

Economist Burt Flickinger says many retailers suffered a sales slump in April and May, and have decided to launch back-to-school sales to try and grab some of the $87 billion that are expected to be spent on school supplies this year.

Flickinger says parents may not spend money on themselves, especially in a sluggish economy, but they will always spend money for their children.

Copyright 2012 ABC News Radio

Saturday
May262012

Best Memorial Day Weekend Sales

Anderson Ross/Brand X Pictures(NEW YORK) -- If you are on the hunt for the best Memorial Day weekend shopping deals, you might want to start sooner rather than later, said Tamra Feldman, vice president of marketing for the personalized shopping deals site, Shop It To Me.

After analyzing over 693,000 online deals through 2011 and over 8,000 from Memorial Day weekend last year, Shop It To Me, which provides users with personalized updates of items in their sizes with their preferred brands, found that the best markdowns come Friday and Saturday. The discounts then tapered off on Sunday and Monday.

"The good stuff is going to go quickly," Feldman said, adding that the sale items are mostly summer wear and products.

Because some sales began this year as early as Wednesday, the best deals may be flying off shelves earlier than expected, Feldman said.

For those who prefer to honor the nation's veterans this holiday weekend away from shopping crowds, many online retailers offer free shipping and returns, such as Nordstrom, Zappos and Piperlime.

Here are some of the best shopping deals pulled together from Shop It To Me and ABC News:

Ann Taylor:  Shoppers get an extra 40 percent off women's clothing styles during Ann Taylor's Summer Kick-off Sale. Ends Monday.

Black Lapel.com:  In time for wedding season, online custom suit tailor, Black Lapel, offers men's wear with free shipping and a "Flawless Fit Promise." Black Lapel's custom-tailored Solid Navy suit, at $449, is sold at less than half the price of Brooks Brothers' off-the-rack 1818 Madison line which starts at $998. Both are made of the same 100 percent wool fabric.

Bloomingdale's:  Take an extra 20 percent off select sale and clearance items with code SALE20 online at department store Bloomingdale's Big Brown Bag Sale. Exclusions apply, see site for details. Ends Monday.

Club Monaco:  Free shipping over $175 on all online orders for men and women. Ends Tuesday.

Dealery.com:  Deals site Dealery.com features Memorial Day weekend deals, including $59 for four pounds of large shrimp, including taxes and shipping from Nature's Prime Organics, normally $145. The site also features a $25 deal for two AMC movie tickets plus a $50 Restaurant.com gift card, a $50 value.

Endless by Amazon:  Get up to 50 percent off select styles, including Frye, Sperry Top-Sider, Seychelles and other brands at Endless, Amazon's independent shoes and accessories online store which launched in 2007. Ends Monday.

Gap:  Shop the Memorial Day Sale at Gap.com and save up to 40 percent off select styles. Ends Monday.

Histoire.com:  Get 30 percent off and free shipping with code WEEKEND at Histoire, an online retailer of socially conscious goods, which means "story" in French. Sale items include hand-woven Linen Square Pillows for 65 percent off, an antique glass candle stick for $9.80 and a T-light holder for $6.30. Ends Tuesday.

Home Depot:  Home improvement retailer, Home Depot, launched its Memorial Day weekend sale on Thursday. Its national advertisement features sales on everything from paint ($5 off a gallon and $20 off five gallons), barbecue grills ($199 for a $399 Nexgrill gas grill), briquettes ($5.88 for Kingsford 2-pack ), drill kits ($99 Ryobi One+ Lithium-Ion) and more.

J.Crew:  Get an extra 30 percent off spring sale items with code LOVEIT at JCrew.com for men, women and children. Ends Monday.

LOFT (Ann Taylor):  Ann Taylor's LOFT is featuring an "Everything under the sun $29 and under" event for women. Ends Monday.

Lucky:  Lucky brand is offering an extra 30 percent off sale jeans, no code needed. Ends Monday.

Macy's:  Retailer Macy's is offering buy one get one free pillows, dresses for 25 to 50 percent off, men's suits for 50 percent off and more. Online shoppers can use MEMDAY for further discounts. Macy's Memorial Day sale kicked off Thursday and ends Monday in store and online.

Madewell:  Get an extra 20 percent off sale, plus free shipping on all orders with code WEEKENDER. Some exclusions apply. Ends Monday.

Maidenform:  Get 25 percent off site wide at the women's intimates retailer's online store. Discount applied at checkout. Ends Monday.

Nordstrom:  Nordstrom's biggest sale of the season, its Half-Yearly Sale for women and kids, is online and in stores. Ends Sunday.

Ralph Lauren:  Enjoy 25 percent off select men's & women's styles, plus free shipping with code MAYFS12. Ends Tuesday.

Rugby by Ralph Lauren:  Get 25 percent off polos, shorts and swimwear, plus an extra 25 percent off already-reduced styles, no code needed. Ends Tuesday.

Saks Fifth Avenue:  Receive $50 off your $250 sunglasses purchase with code SUN2012 (valid for all women's sunglasses). Ends Saturday.

Steve Madden: 
Spend $75 and get 20 percent off with code STOCK20. Spend $100 and get 25 percent off with code STOCK25. Ends Tuesday.

Target:  The Shops at Target includes five design partnerships for men, women and girls which launched May 6. The collections aren't having Memorial Day sales but shoppers can snag deals like on the clothing boutique collection by The Webster. Actress Jessica Alba's daughter, Honor, was spotted on Thursday wearing The Webster at Target girl's tie smocked dress in palm print which is $16.99.

Theory:
  Enjoy $50 off any purchase of $250 or more with code SUMMER50. Ends Monday.

Trina Turk:  Shop the Trina Turk Memorial Day Sale and get up to 60 percent off. Ends Monday.

Copyright 2012 ABC News Radio

Wednesday
May162012

JC Penney Announces Big First Quarter Losses

Scott Olson/Getty Images(PLANO, Texas) -- J.C. Penney Company experienced a stunning 20 percent drop in revenue in the first quarter of this year, the retailer announced Tuesday.

The company reported a larger than expected loss after a new strategy put in place by ex-Apple retail chief Ron Johnson ended big discounts and coupons in favor of no-sale pricing.

The quarterly earnings report is the first clear sign that many consumers don’t like the end of heavy discounting.

"While we have work to do to educate the customer on our pricing strategy and to drive more traffic to our stores, we are confident in our vision to become America's favorite store. We fully expect that the bold and strategic changes we are making to our operations will result in improved profitability and sustainable growth over the long term," said Johnson, chief executive officer of J.C. Penney.

Johnson told investors the company's turnaround has been a lot harder than he expected.

Copyright 2012 ABC News Radio







ABC News Radio