All Posts in #Retail
Singles Day 2019 Likely To Set Sales Records
With Singles Day approaching on November 11- an event first started in 1993 at Nanjing University and capitalized by Alibaba – retailers are gearing up for even more sales during the world’s biggest online shopping blitz. Ray Wimer is an assistant professor…
Amazon, Online Retailers Pushing Back-To-School Shopping Season Earlier
Feel like the back-to-school shopping ads are coming in earlier and earlier? You’re not alone. According to the National Retail Federation, families are expected to spend more than ever this year on school and college supplies, averaging nearly $700 for…
Small Businesses, Footwear Companies To Be Hit Hard With Tariff Hike
Next week, China is expected to raise tariffs on $60 billion worth of U.S. goods and products, following Pres. Trump’s decision to raise duties on Chinese goods. Which sectors of the retail industry are likely to feel the pinch the…
Malls Continuing To Face Volatile Retail Market
SYRACUSE, N.Y. – As the retail industry’s brick and mortar stores continue to struggle against the growing online shopping trend, commercial real estate is now facing new financial challenges. In the wake of a recent report that DestiNY USA, a…
Sears Is Safe For Now, But Is It Viable Into the Future?
Today a judge granted the sale of Sears’ assets to the company’s biggest shareholder and company chairman, Eddie Lampert. The move will keep 425 stores open and save 45,000 jobs. Ray Wimer is an assistant professor of retail practice at…
Amazon Took Microsoft’s Top Spot – Could Other Online Retail Companies Be Next?
This week, Amazon became the world’s most valuable publicly traded U.S. company for the first time, passing tech giant Microsoft which had taken over the top spot in late 2018. Ray Wimer is an assistant professor of retail practice at…
Retail Practice Professor Quoted in Shopping Habits Story
Ray Wimer, assistant professor of retail practice at the Whitman School, was quoted in the Business Insider story “Americans’ shopping habits are fundamentally changing, and it’s killing Cyber Monday.” “Black Friday is really no longer a one-day shopping extravaganza, it…
Is Cyber Monday Still a Thing? Retail Expert Says Its ‘Uniqueness’ Is Disappearing
According to the National Retail Federation, more than 160 million people are expected to shop over the five-day Thanksgiving weekend, with 71 percent of those consumers planning to hit brick-and-mortar and online retailers on Black Friday. Ray Wimer is an…
Mobile Commerce Likely to Grow This Singles’ Day, Sales Expected to Top $25 Billion
With Singles’ Day – a shopping event first introduced by Alibaba 10 years ago – quickly approaching, retailers are gearing up for even more sales during the shopping blitz. Ray Wimer is an assistant professor of retail practice at Syracuse…
Tips, Trends and Predictions for the 2018 Holiday Retail Season
SYRACUSE, N.Y. – With just a few weeks left until the kick-off of the holiday shopping season, which retailers will come out winners and which ones will continue to lag behind? In a recent update, Toys R Us announced that…