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Irma Sparked Florida Consumer Spending Roller-Coaster Ride

Irma Sparked Florida Consumer Spending Roller-Coaster Ride. Shopping surged before storm and then dropped precipitously Miami metro area purchases fall 57%, First Data reports Consumer spending in Miami and Fort Lauderdale plunged more than 57 percent from a year earlier last weekend as Hurricane Irma caused residents to evacuate or take shelter, according to a report from First Data Corp. Information released by the Atlanta-based company, which tracks shopping activity through the transactions it processes, shows consumption peaked Sept. 5 and then cratered Sept. 8, two days before Irma made landfall. A narrower gauge of retail spending that strips out industries such as restaurants and grocery stores shows an even steeper decline of 72 percent for the period of Sept. 8 to Sept. 10. “During the days of the hurricane, spending went down more dramatically,” said Rishi Chhabra, First Data’s vice president of information and analytics. He said the trend was more pronounced for Irma than for Hurricane Harvey, which slammed into Texas days earlier. Investors are bracing for the financial impact of the storms that have crippled swaths of the U.S.’s second- and third-most populous states and forced retailers to shutter stores. McDonald’s Corp. saw its worst stock decline in more than a year on Tuesday on concern that Irma and Harvey will weigh on results. Discount retailer Dollar General Corp. was forced to close more than 300 stores last month after Harvey caused widespread flooding. First Data tracked information from more than 125,000 merchants across Florida to illustrate the storm’s impact on spending. Spending in the Tampa Bay metropolitan area followed Miami’s trend, rising 21 percent in the first seven days of September from a year earlier before diving 44 percent from Sept. 8 to Sept. 10.

19 Activities That Will Wake Up Your Social Media Followers (And...

The curious would check their answers 100 times before sharing them. Publish a piece of content on your website (company’s history, a set of lifehacks, an interview with the founders and staff, a trends overview, a customer story, product test drives, and reviews). Show your main point, and let the curious discover the rest by their own. Such addictive tasks always provoke a lot of discussions among “A” students and those who guessed to find the correct answer on your website (for example, you could share the link to your “special offers” page and encrypt real prices in your puzzle). How to involve the experts in the game? Let’s see what games and contests can please them. Your customers go to your online store to pick a product they’d like to win. Publish a product image on social media and ask your followers to find the best match in your online store to finish the look. Your followers get interested and click to finish the game. Macro Look Post a fragment of your product on social media and suggest your followers to find this product in your online store.

Ecommerce

You Probably Live Near A Walmart, So It’s Depending On In-Store...

You Probably Live Near A Walmart, So It’s Depending On In-Store Pickup For Growth. Instead, the company wants to draw customers to its stores with pickup towers or grocery pickup points, or dispatch store employees to make deliveries. Towers of E-Commerce Dominance During today’s quarterly earnimgs confefence call, Walmart CEO Doug McMilon was pleased with the company’s increased sales growth. Its comparable store sales just keep increasing, and Walmart is using those online sales, which include grocery orders for pickup, to bring customers to the store. Or at least the parking lot. This is a practical matter. That means stopping by one is usually convenient, and changes the way that the company approaches e-commerce compared to its competitors. This year, the retailer is going hyper-local, storing more than a million supply lists for teachers, delivering full sets of school supplies to customers’ doorsteps (or local Walmart store) even before the academic year begins. A long way for Amazon to go We know that Walmart and Amazon are locked in a battle for national sales dominance, so it’s notable that while Amazon is working hard to expand its private label offerings and its food offerings, it has an obvious role model in Walmart. Amazon’s biggest brand in sales, the private-label electronics line AmazonBasics, sold $210 million in the first half of the year.

Social Commerce

Asda returns to sales growth but brand recovery is still some...

Asda returns to sales growth but brand recovery is still some way off. Asda returned to sales growth in its second quarter for the first time in three years as investments in price and the store experience convinced shoppers to return. Like-for-like sales (excluding petrol) were up 1.8% in the three months to 30 June, with Asda claiming one of its most successful Easter trading periods ever with total sales up 16%. Even without Easter, comparative sales would still have been up 1.1%. Doug McMillon, CEO at Asda’s parent company Walmart, says he is “encouraged” by the return to sales growth and that investments in price and store experience are resulting in shoppers visiting more often and increasing their basket sizes. “There’s still much more to be done, but we’re clearly headed in the right direction,” he says. Asda has been the worst performing of the big four supermarkets for a number of quarters. Asda will also need to focus on building up its brand. Its Index score, which measures a range of metrics including quality, impression and reputation, has barely inched up over the past year and it has a score of 14.9, putting it in ninth place in a list of 25 supermarket brands and behind all its major competitors. Only in terms of value does it beat its main rivals, coming in third with a score of 23 but still well behind Aldi on 46.7 and Lidl on 43.2.

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