No. 14 Maryland women make Big Ten record 21 3-pointers

COLLEGE PARK, Md. (AP) — Diamond Miller scored a career-high 28 points, Katie Benzan added 21, and the duo combined for 11 of Maryland’s Big Ten record 21 3-pointers as the No. 14 Terrapins beat Towson 112-78 on Thursday night.

Maryland was 8 of 12 from 3-point range at the half and finished 21 of 31 (67.7%) — with three apiece from Chloe Bibby and Ashley Owusu. Seven Terrapins made a 3-pointer, and Towson was 7 of 19.

The previous conference record was 19, set by Iowa (at Northwestern) in 2014-15 and Minnesota (at Illinois) the following season. The NCAA record is 28 by Western Ill. on Nov. 12, 2018.

Maryland lost prized freshman starter Angel Reese to a right ankle injury in the first quarter. The 6-foot-3 wing, the No. 2 recruit in the nation, had two points in three minutes before the injury. She averaged 17 points in her first three games, including 20 in her debut.

Owusu also had a career high in scoring with 25 points and seven rebounds for Maryland (3-1).

Kionna Jeter scored 28 points on 12-of-28 shooting for Towson (2-1). Aleah Nelson added 18 points and Allie Kubek had 11.

Maryland’s next scheduled game on Saturday against Coppin State was canceled due to a positive COVID-19 test within the Eagles program. The Terrapins are scheduled to play on Tuesday against Mount St. Mary’s.

___

For more women’s basketball stories: https://apnews.com/hub/womens-college-basketball and https://twitter.com/AP_Top25

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Cyber Monday rings up record $10.8 billion in sales with Amazon touting ‘biggest holiday shopping season so far’

Cyber Monday wrapped up with $10.8 billion in sales, up 15.1% from last year and setting a record for the biggest online sales day in U.S. history, according to Adobe Analytics data.





© Getty Images


“Cyber Monday continued to dominate the holiday shopping season, becoming the biggest online shopping day in U.S. history, despite early discounts from retailers,” said Taylor Schreiner, director at Adobe Digital Insights.    

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“Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays.”

Mobile accounted for 37% of sales on Cyber Monday, Adobe said.

See: Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

Cyber Monday discounts included as much as 28% off computers. Shoppers should expect discounts to lessen by 5% to 10% across many categories as we get closer to Christmas Day, according to Adobe.

Still Marshal Cohen, NPD Retail’s chief industry adviser, notes on Twitter that “Cyber Week continues,” as his inbox fills with promotions.

“Either Monday wasn’t big enough or we are just caught in one long continual promotion from the beginning of November,” he tweeted.

BMO Capital Markets analysts observed Cyber Monday promotions that held flat year-over-year, as well as throughout the Black Friday shopping weekend. Some retailers, like Urban Outfitters Nike Inc. and L Brands Inc.’s Bath & Body Works actually became less promotional on Cyber Monday.

“[W]e expect ongoing upside for retail and into next year and believe, for the first time in a while, the power lies in the hands of the retailers and their inventory management; the question will be who chooses to hold the line versus cross it,” wrote analysts led by Simeon Siegel.

So far this holiday season, Adobe says online shoppers have spent $106.5 billion, up 27.7% from last year.

Amazon.com Inc. says that, through Cyber Monday, “2020 has been the largest holiday shopping season so far in our company’s history.” Amazon, as is the company’s usual practice, did not provide numbers to illustrate that statement, but said that world-wide sales at small- and medium-size grew 60%.

Numerator data found Amazon was “the big winner” for the weekend with 19% of total spend, or $1 of every $5 spent.

Amazon kicked off its holiday shopping season with a delayed Prime Day shopping event in October.

Also: Giving Tuesday reminder: Most people fail to take these 3 basic steps before they donate to charity

Amazon’s bestsellers for the season so far include President Barack Obama’s memoir “A Promised Land,” Revlon Inc.’s One-Step Hair Dryer, and Amazon’s own Echo Dot.

Shopify Inc. says sales for its merchants reached $5.1 billion over the long weekend, up 76% between Black Friday and Cyber Monday. Shopify merchants are largely small and independent brands.

U.S. consumers spent an average of $89.20 per order with New York, Los Angeles and London among the top cities.

The Amplify Online Retail ETF has skyrocketed

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Cyber Monday 2020 sets record for largest online shopping day ever, report says

The online shopping industry has grown in popularity this year due to the coronavirus pandemic, and Cyber Monday 2020 was just another example of that.

Shoppers spent a whopping $10.8 billion on Monday, the biggest U.S. e-commerce day ever, according to a report by CNBC, citing data collected by Adobe Analytics.

Sales spiked 15.1% compared to 2019 during the unofficial industry holiday, the report said. The Adobe data showed curbside pickup orders increased 30% from 2019.

Among Adobe’s other key findings: 37% of sales came via mobile devices, and consumers spent $2.7 billion during the final four hours of the day.

Holiday sales started earlier than ever this year, as companies have offered more online deals. The brick-and-mortar retail industry, which has long been struggling, received a crippling blow this year as a result of the pandemic.

Walmart offered Black Friday sales in early November and ran deals all month long, while Coach has been holding an ongoing 70% off sale for weeks. Even Lululemon, which rarely promotes sales, had big discounts on Black Friday and Cyber Monday.

Many big-box retailers have extended Cyber Monday sales to a week-long event. If you missed out on the online shopping event, here are some ongoing deals you can still shop for online:

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Nicolette Accardi can be reached at [email protected]. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips

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This Weekend Marked a Record Online Shopping Day. Here’s Where the Dollars Went

The kickoff of holiday shopping of years past–think midnight doorbuster sales on Black Friday and clogged department stores– is no longer. Instead, the lasting impact of the Covid-19 pandemic produced the largest online shopping day in U.S. history, continuing a holiday shopping season that’s already been thriving since October, despite the decline of in-person shopping.

According to the National Retail Federation, the number of in-store shoppers on Thanksgiving Day dropped by 55 percent from last year and those on Black Friday dropped by 37 percent. These drops can be attributed to consumers staying home because of pandemic fears and because large retailers like Target, Walmart, and Best Buy didn’t open for Black Friday deals on Thanksgiving day. 

But online sales picked up the slack. Based on Adobe Analytics data, which tracked one trillion visits to U.S. retail sites, a record $10.8 billion was spent online by the end of Cyber Monday, compared with last year’s $9.4 billion, making it the largest online shopping day in U.S. history.

And Adobe wasn’t alone in reporting the online surge. More than 1 million online stores that use Shopify’s software to sell, ship, and track purchases surpassed $5.1 billion in sales between Black Friday and Cyber Monday, with Shopify counting a 76 percent growth of sales on its platform since last year.

Small Business Saturday also experienced some favorable outcomes, bolstered by supportive consumer behaviors. According to the Union Bank Small Business Holiday Spending 2020 Survey, 74 percent of respondents said they felt a greater sense of responsibility to shop local this year, since small business has been hit especially hard by the pandemic. 

“People are spending more time in their neighborhood, so there is even more of a focus on helping the local coffee shop, gift store, or restaurant. They’re seeing the impact first hand. These are the business owners who may be your friend or your neighbor and who you have a personal connection with, which really brings their struggles into context,” says Colleen Taylor, president of U.S. merchant services at American Express, which created Small Business Saturday 11 years ago.

Many founders were counting on these holiday sales to stay afloat. Kelsey Moreira, CEO and founder of San Francisco-based cookie dough startup Doughp (pronounced “Dope”), hosted a 30 percent off sale online from Black Friday through Cyber Monday, and says she is “crying with joy” at the results. Her site sold more in those four days than in the whole month of November. “People are constantly talking about wanting to support small businesses. This time of year is when we see that come to life,” she says.

To maintain momentum and shopper enthusiam to shop small, American Express’s Moreira advises business owners to adhere to cleaning and social distancing protocols–and spread the word online about those safety measures, in addition to any promotions. But if customers are still reluctant to shop in person, make sure you offer them a great online shopping experience as well as other digital services.

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Amazon just made a record start to the holiday shopping season as retail goes huge online

Amazon has reported a record-breaking start to the holiday shopping season, as the switch to online retail gathers pace.

The internet shopping giant said the period from the middle of October through to Cyber Monday has been “the largest holiday shopping season so far” in the company’s history.

Amazon did not reveal details of total spending across its operations, but it did offer some data on shopping habits so far.

The company said that independent businesses selling on Amazon — nearly all of which are small and medium-sized businesses (SMBs) — saw worldwide sales growing by more than 60% year-over-year to $4.8 billion between Black Friday and Cyber Monday.

The company said that over 71,000 SMBs worldwide have passed $100,000 in sales this holiday season to date, and that US SMBs have sold an average of 9,500 products per minute. In Europe, the European Commission recently said it believes that Amazon is breaching EU competition rules by unfairly using independent sellers’ data as part of its own planning “to the detriment of the other marketplace sellers”.

Amazon also said that US best-sellers during the holiday season so far include its Echo Dot device and Barack Obama’s book A Promised Land, and that more than twice as many customers asked its Alexa digital assistant for recipes and cooking advice this Thanksgiving compared to last year.

The COVID-19 crisis is expected to drive spending online, with record gains for e-commerce: Adobe recently predicted this year will see $189 billion in online sales — effectively two years’ worth of growth in e-commerce in one year.

Adobe is predicting Black Friday to reach $10 billion in online sales this year — up from just under $8 billion last year. And even though many will be shopping from home, that doesn’t mean all that spending will be done on a PC. Adobe predicts consumers will do 42 percent of their shopping from smartphones this holiday season, with an estimated $28 billion more spent using smartphones this year than during the 2019 holiday.

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Cyber Monday rings up record $10.8 billion in sales with Amazon touting ‘biggest holiday shopping season so far’

Cyber Monday sales broke the all-time U.S. record, according to Adobe.


Getty Images

Cyber Monday wrapped up with $10.8 billion in sales, up 15.1% from last year and setting a record for the biggest online sales day in U.S. history, according to Adobe Analytics
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data.

“Cyber Monday continued to dominate the holiday shopping season, becoming the biggest online shopping day in U.S. history, despite early discounts from retailers,” said Taylor Schreiner, director at Adobe Digital Insights.    

“Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays.”

Mobile accounted for 37% of sales on Cyber Monday, Adobe said.

See: Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

Cyber Monday discounts included as much as 28% off computers. Shoppers should expect discounts to lessen by 5% to 10% across many categories as we get closer to Christmas Day, according to Adobe.

Still Marshal Cohen, NPD Retail’s chief industry adviser, notes on Twitter that “Cyber Week continues,” as his inbox fills with promotions.

“Either Monday wasn’t big enough or we are just caught in one long continual promotion from the beginning of November,” he tweeted.

BMO Capital Markets analysts observed Cyber Monday promotions that held flat year-over-year, as well as throughout the Black Friday shopping weekend. Some retailers, like Urban Outfitters
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,
Nike Inc.
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and L Brands Inc.’s
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Bath & Body Works actually became less promotional on Cyber Monday.

“[W]e expect ongoing upside for retail and into next year
and believe, for the first time in a while, the power lies in the hands of the
retailers and their inventory management; the question will be who chooses to hold
the line versus cross it,” wrote analysts led by Simeon Siegel.

So far this holiday season, Adobe says online shoppers have spent $106.5 billion, up 27.7% from last year.

Amazon.com Inc.
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+0.46%

says that, through Cyber Monday, “2020 has been the largest holiday shopping season so far in our company’s history.” Amazon, as is the company’s usual practice, did not provide numbers to illustrate that statement, but said that world-wide sales at small- and medium-size grew 60%.

Numerator data found Amazon was “the big winner” for the
weekend with 19% of total spend, or $1 of every $5 spent.

Amazon kicked off its holiday shopping season with a delayed Prime Day shopping event in October.

Also: Giving Tuesday reminder: Most people fail to take these 3 basic steps before they donate to charity

Amazon’s bestsellers for the season so far include President Barack Obama’s memoir “A Promised Land,” Revlon Inc.’s
REV,
-2.41%

One-Step Hair Dryer, and Amazon’s own Echo Dot.

Shopify Inc.
SHOP,
-1.50%

says sales for its merchants reached $5.1 billion over the long weekend, up 76% between Black Friday and Cyber Monday. Shopify merchants are largely small and independent brands.

U.S. consumers spent an

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Amazon announces record Black Friday Cyber Monday 2020 results

An Amazon fulfillment center in Frankenthal, Germany.

Thorsten Wagner | Bloomberg | Getty Images

Amazon said Tuesday that this year’s holiday shopping season has been the biggest in its history, as the coronavirus pandemic forced more people than ever to do their shopping online.

The e-commerce giant said in a blog post that customers have been shopping early for gifts and seasonal items for their loved ones. It comes as many retailers reliant on physical stores have been struggling to survive.

Popular purchases so far include the new Echo Dot, Barack Obama’s “A Promised Land” book, and the Revlon One-Step Hair Dryer and Volumizer Brush, Amazon said. Self-care, “nesting at home”, and “cozy comfort” were among the most popular trends during the period.

“In a holiday season unlike any other, it’s clear that customers still want great deals on gifts for their loved ones or a little something extra for themselves, and we’re glad to help deliver smiles throughout the season,” said Jeff Wilke, CEO of Amazon Worldwide Consumer, in a statement.

“Thank you to our customers, employees, and selling partners around the world for making this our biggest holiday season to date, and for everything you’re doing to support our communities and each other now and throughout the year.”

Amazon didn’t disclose actual sales figures for Black Friday or Cyber Monday, which are typically the company’s two busiest days in the holiday shopping period.

Amazon has been criticized for promoting its own products above those from independent retailers, but the company said the latter had seen “record demand” on its platform this year.

Independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, Amazon said, noting that the figure is up 60% on last year. It added that 71,000 small and medium-sized businesses have seen sales above $100,000 in this holiday season so far.

Like many other retailers, Amazon began offering holiday deals earlier than ever this year. Prime Day, which was pushed back from mid-July to October, became the unofficial kickoff to the holiday shopping season.

Consumers still opened up their wallets on Black Friday and Cyber Monday, despite the earlier start, and did more of their shopping online. Spending online on Black Friday this year climbed 22% year over year to a record $9 billion, according to Adobe Analytics. Cyber Monday, the busiest online shopping day of the year, is also expected to notch record sales.

The flood of online shopping was bad news for many brick-and-mortar locations, as many customers remain cautious about making trips to crowded stores and malls. Foot traffic to stores on Black Friday dropped 52% compared with last year, according to data from Sensormatic Solutions.

Amazon is one of the best positioned retailers to benefit from the trend. The company has staffed up its warehouses significantly and expanded its warehouse footprint to store more goods, among other things, to make sure it’s prepared for the holiday rush. Those investments could lead to it claiming 42

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Record Cyber Monday sales expected as pandemic moves holiday shopping online

NEW YORK (AP) — The viral pandemic is accelerating a transformation of America’s holiday shopping season.

Few people showed up at the mall this weekend, with millions of pandemic-wary shoppers staying home to shop online.

The result? Overall holiday sales are projected to rise a slight 0.9% in November and December — and even that modest gain will be due to an explosion in online shopping, according to the research firm eMarketer. It expects online sales to jump nearly 36%, while sales at physical stores fall 4.7%.

The online rush was on fully display Monday, known as Cyber Monday, a day of sales promoted by retailers back in 2005. Once the final numbers are tallied up, this year’s Cyber Monday is projected to become the biggest online shopping day in American history.

Here’s how this holiday shopping season is shaping up:

“BLEAK FRIDAY”

Black Friday, typically the frenzied kick-off of the holiday shopping season, was eerily quiet this year. Health officials had warned shoppers to stay home, and stores followed suit by putting their best deals online to discourage crowds.

Half as many people shopped inside stores this Black Friday than last year, according to retail data company Sensormatic Solutions.

“Black Friday was really Bleak Friday,” says David Bassuk, a member of the retail practice at the consulting firm AlixPartners.

Online was a decidedly different story. Sales hit a record $9 billion on Black Friday — up a sharp 22% from last year, according to Adobe Analytics, which tracks online shopping.

CYBER MONDAY STILL ON TOP

Even though shoppers had access to weeks of online deals, many held out for bargains that they could get only on Cyber Monday, the Monday after Thanksgiving.

Amazon offered 30% off on board games and discounts on many of its gadgets. Target had 40% off Legos and robot vacuums for $75 off.

Cyber Monday is expected to generate as much as $12.7 billion in sales — a 35% jump from a year ago, according to Adobe Analytics.

SHIPPING SLOWDOWN

A big unknown hanging over the shopping season is this: Will retailers and shippers be able to deliver all those online orders in time for Christmas? Retailers have been warning shoppers to buy early this year, because with far more people shopping online during the pandemic, shippers may become overwhelmed with packages to deliver.

Prolonged delays could send people back to physical stores closer to Christmas, if many people eventually decide that old-fashioned stores are a more reliable way to obtain their gifts on time, said Charlie O’Shea, a retail analyst at Moody’s.

MORE CURBSIDE PICKUP

Curbside pickup, in which people order online and pick up at a store’s parking lot, is becoming a popular option for those who want their gifts right away or who fear that they won’t be shipped on time.

Some stores, like Macy’s, are offering curbside pickup for the first time this holiday. Others are making more space in their parking lots for people to park and pick up orders.

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Online shopping set a Black Friday record as consumers stayed home.

This year’s Black Friday looked nothing like a usual one. Crowds at suburban malls and city shopping districts were comparatively sparse. With the coronavirus touching virtually every corner of the United States, social distancing, restrictions on business activity and health concerns kept many people home.

They shopped online, however.

According to Adobe Analytics, which scans 80 percent of online transactions across the top 100 U.S. web retailers, consumers spent $9 billion on Friday. That’s a 21.6 percent increase over Black Friday in 2019 and the second-biggest number for online retailers Adobe has ever tracked. In the four days from Thanksgiving through Sunday, consumers spent $23.5 billion online, a 23 percent increase over last year, according to Adobe.

Another research firm, Facteus, which monitors millions of debit and credit card payments made in the United States, found that department stores’ in-person sales fell significantly on Friday, but that their online sales spiked. The firm found a similar pattern for electronics retailers.

And Friday’s online sales surge is expected to be outdone on Monday, which is Cyber Monday, a promotional event concocted in 2005 when most retailers still offered deep discounts online.

A large portion of consumer spending moved online long before the pandemic, but the global health crisis is accelerating that trend. About 59 percent of shoppers had started their holiday shopping by early November this year, the National Retail Federation estimated.

During earnings calls this month, several retail executives said that they were uncertain about how much holiday shopping had actually been done in October and early November thanks to promotions that started well before Halloween. Matthew Bilunas, chief financial officer at Best Buy, said “it’s really difficult to predict exactly how much was pulled into” the third quarter.

Most retailers operate on a calendar where the fourth quarter starts in November and ends in January, in part to fully capture the holiday shopping season.

“We think it’s going to be a prolonged shopping season,” Brian Cornell, chief executive of Target, said on a separate call. “We’re going to see very different shopping patterns. We don’t expect to see those big spikes during Black Friday and on weekends.”

The holiday shopping season comes at a critical moment for the U.S. economy, which is struggling again as the number of coronavirus cases surges with colder weather in many parts of the country. Millions of people are still out of work or have been forced into part-time employment. Overall consumer spending, which drives as much as two-thirds of economic activity, has slowed in recent months along with the expiration of some emergency government spending programs.

Sapna Maheshwari contributed reporting.

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The number of female Fortune 500 CEOs reaches new record of 41

  • Dick’s Sporting Goods recently announced Lauren Hobart would become the company’s CEO, raising the number of women leading Fortune 500 companies to 41.
  • Her appointment follows news of other women taking the helm at top companies, like Karen Lynch at CVS Health, Jane Fraser at Citigroup, and Linda Rendle at Clorox. 
  • Yet, only three women on the list of Fortune 500 female CEOs are women of color, according to Fortune. 
  • Visit Business Insider’s homepage for more stories.

The number of CEOs of Fortune 500 companies who are women has reached a new record.

Last week, Dick’s Sporting Goods announced that Lauren Hobart, the company’s president of three years, would take the helm as CEO. She is replacing Ed Stack, who’s held the position since 1984 and whose father founded Dick’s in 1948. 

Hobart’s appointment brings the number of women CEOs of Fortune 500 companies to 41 surpassing the previous record high of 40, Fortune reported. Hobart joins a number of other women who’ve recently been named CEO, like Karen Lynch at CVS Health, Jane Fraser at Citigroup, and Linda Rendle at Clorox. 

Despite the recent progress, roughly 8% of all Fortune 500 companies are led by women. And only three women on the list of Fortune 500 CEOs are women of color: Sonia Syngal, the CEO of Gap, Lisa Su, the CEO of Advanced Micro Devices, and Joey Wat, the CEO of Yum China.

According to McKinsey and Lean In’s most recent “Women in the Workplace” report, the number of women in the C-suite grew from 17% to 21% between January 2015 and January 2020. 

As the researchers write, “Women remained dramatically underrepresented — particularly women of color — but the numbers were slowly improving.” 

To increase the number of Black women and women of color in executive leadership positions, diversity, equity, and inclusion strategists recommend companies to review hiring practices, increase sponsorship opportunities for people from marginalized backgrounds, and to hold managers accountable to diversity goals. 

McKinsey research shows companies with more gender and ethnic diversity in the C-suite outperform those that are less diverse. 

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