Sears announced that it will close between 100 and 120 Sears and K-Mart stores due to lackluster holiday sales figures. One culprit being blamed is e-commerce. Two others are mobile and social technologies. According to a Forbes’ article – Over-Retailed Nation. Sears to Shutter At Least 100 Stores – brick-and-mortar stores are becoming little more [...]
According to Wikipedia, Groupon – a portmanteau derived from “group coupon” – is a daily deal website that features heavily discounted gift certificates usable at local or national companies. The principle is simple, retailers sell in bulk to customers who club together to get wholesale prices (aka group-buy) and the business exchanges margin for volume. [...]
Sears, the leading department store chain, has just launched a new group-buy app in Facebook called WishTogether, essentially the same as Walmart’s CrowdSaver app. With Sears’ WishTogether app, users get to choose the ‘deals’ that Sears will offer customers – by “liking” them – proposed deals that get “liked” the most/enough go live. It’s great [...]
In the lead up to holiday season, big US retailers are jumping on the social commerce train. First up, is department store Macy’s, which, taking a cue from Diesel’s Diesel Cam and Jeanswest’s Butt Cam is trialling a Magic Fitting Room – a Facebook connected camera-enhanced 72″ mirror in the fitting room of its lead store [...]
