Episode 10: Holiday sales predictions, rough time for department stores, augmented reality gets real

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Holiday sales predictions are all over the place

  • According to Boston Retail Partners, 60% of click-and-collect orders placed on Cyber Monday had problems
  • Election impact? Some say a Clinton win will net 2-3% bc of the 1-percenters not spending as much pending tax jumps. A Trump win may result in some extra celebration spending by his supporters and the 1-percenters, but the rest of the population will be bracing for instability.
  • Amazon might be resistant to all of this.

Here’s the article from Retail Dive

Department stores are having a rough time

  • Department stores have seen 0.7 percent sales decline in September . In May, it reported its worst results since the recession. What’s going on?
  • Steve Sadove (Saks CEO) thinks omni-channel retailers will come out on top.
  • Is that alone enough to help them?

More on the topic

What’s better for VR in Retail? AR

  • A survey found that more than a third (34%) of shoppers already use augmented reality while shopping and nearly half (47%) of those like to use it both online and in a store.
  • An in a nod to the behaviors of Pokémon Go players, the majority (55%) of AR users say augmented reality make shopping fun.

More on AR in retail

José also talks about some of the takeaways from his time this week at the “NYU Expanding Horizons” retail conference.

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