Sears/Kmart to add new online movie download service
NOVATO, Calif. — Sears has partnered with Sonic Solutions to bring an online movie download service to Sears and Kmart customers. The new Alphaline Entertainment service, available at Alphaline.roxionow.com, enables the retailers’ customers to download new movies the same day they are released on DVD/Blu-ray.
Sonic is working with Sears on a multiphase rollout that includes making the service available from a broad range of connected devices and ensuring compatibility with studio-supported digital programs.
"Collaborating with Sonic provides a great opportunity for Sears and Kmart to launch digital services for customers seeking even faster access to the latest in home entertainment experiences," said Karen Austin, president of consumer electronics for Sears and Kmart. "We’ll continue to increase the reach and flexibility of the Alphaline Entertainment service by providing consumers on-demand access to the latest entertainment from a range of home and mobile electronics."
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SpendingPulse: Holiday 2010 e-commerce up in double digits
PURCHASE, N.Y. — MasterCard Advisors’ SpendingPulse, a macroeconomic report tracking national retail and services sales, announced results for e-commerce sales for the 2010 holiday shopping season. During the period ranging from Oct. 31 to Dec. 24, consumers spent $36.4 billion online, a 15.4% increase compared with the same period in 2009, according to SpendingPulse estimates.
“Today, e-commerce accounts for a much larger share of overall retail sales compared to a few years ago. And during this holiday season, it registered double-digit growth for 6-out-of-7 weeks,” noted Michael McNamara, VP MasterCard Advisors SpendingPulse. “In terms of subcategories, apparel was the clear leader, helping increase the channel’s overall lift. In terms of share, online apparel sales during the holiday season accounted for 18.8% of total sales in that category, compared to16.9% in 2009. As for some of the other subsectors, online electronics, not surprisingly, also recorded significant gains, while jewelry, although still in positive territory, lagged behind,” McNamara said.
The company noted that the 2010 holiday season included six days that surpassed $1 billion in sales compared with just three days in 2009. Top sales days included Tuesday, Nov. 30 ($1.16 billion), and Wednesday, Dec. 1 ($1.13 billion). In addition, Cyber Monday, the first day back to work after Thanksgiving, generated $999.3 million in sales this year, a 25.3% increase compared with the same day in 2009.
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Rite Aid expected to make biggest recovery in 2011
NEW YORK — Rite Aid stock is expected to make the biggest stock-price recovery in 2011, according to a poll of TheStreet readers.
According to the poll, published Thursday morning on TheStreet.com, 28.2% of voters believe the drug store will experience the largest rally of the most depressed stocks of 2010. This in spite of the fact that Rite Aid earlier this week restated year-end projections following an underperforming quarter.
In its third quarter, Rite Aid reported a loss of $79.1 million, or 9 cents a share, compared with a loss of $83.9 million, or 10 cents, in the same period last year.
We're rooting for RAD to make their recovery, just how do they plan to retire the crushing $6bil debt? That seems to be the biggest challenge they face. Any comments????