Positive Hawaii Retailer Market News

Cyber Monday boosts some Hawaii retailers

Some businesses find increased online sales after promoting via e-mail and websites

By Kristen Consillio

Honolulu Star-Advertiser

Nov 30, 2010

 

After a brisk Black Friday weekend, some Hawaii retailers were waiting to cash in on an anticipated boost in online sales on the hype of Cyber Monday — the day online retailers typically offer deep discounts in hopes of continuing the holiday shopping momentum.

Local retailers, aggressively trying to woo customers to their websites, expect online sales to match the strong start to the holiday season over the weekend, when 212 million shoppers flocked to stores and websites, up from 195 million a year ago, according to the National Retail Federation.

Consumers spent more than they did last year, with the average shopper spending $365, up from $343, an NRF survey shows. Total spending was estimated at $45 billion over the weekend.

Online sales at Maui Divers Jewelry, which has 55 stores, were up about 40 percent over the previous year this weekend, and Cyber Monday sales were up about 10 percent early yesterday afternoon, said Bob Taylor, president and chief executive officer of Maui Divers, which offered as much as half off the regular price and free shipping yesterday.

“It’s a good day,” he said. “As we get closer to Christmas, we’ll have even larger days.”

While sales are up, the average transaction is down about 10 percent over last year, Taylor said.

“People are definitely looking for lower price points from a year ago in the jewelry business,” he added.

Nearly 90 percent of retailers offered Cyber Monday deals yesterday, which could drive sales to more than $1 billion, according to one estimate. Online shoppers spent $648 million on Black Friday, up 9 percent from a year ago, and $407 million — 28 percent more than last year — on Thanksgiving, according to comScore, which measures online retail sales.

Hilo Hattie expects it will “easily double business on Cyber Monday,” according to Mark Storfer, executive vice president and chief operating officer for Pomare Ltd., parent company of Hilo Hattie, which will continue Cyber Monday offers for the next two weeks.

The Hawaiian gift store more than doubled online sales this weekend compared with the previous year, while brick-and-mortar stores were up 40 percent over last year on Black Friday — the best in five years, he said.

“It was huge. We had an incredible day,” Storfer said. “The common reasons for both brick-and-mortar and online (increases) is we see the economy improving, and we see customers more confident about the future.”

Customers are spending more on themselves this year than on family and friends, he said.

Retailers nationwide have gotten aggressive in marketing the so-called Cyber Monday following Black Friday, with many promoting sales through Facebook, Twitter and on websites.

Hilo Hattie sent a targeted e-mail invitation to a quarter of a million customers offering free shipping anywhere in the United States with a $100 purchase, beginning yesterday through Dec. 15.

“I woke up to 20 e-mails from all these different online vendors,” said Donnie Ford, a Hawaii Kai resident who shops online throughout the year but did not have time to shop yesterday.

While Cyber Monday is not as big as Black Friday in terms of traffic and sales for Best Buy, “it’s a lot bigger than it has been in previous years,” said Shawn Troup, Iwilei store manager.

“A lot of people are getting more tech savvy; they’re getting their needs online,” he said. “A lot of people are able to get things that might be out of stock or not available from (Black Friday); now they’re able to get them online.”

Best Buy has hired more staff to handle the expected increase in online ordering, which is up from last year, Troup said.

“Online is getting bigger and bigger and bigger,” he said.

“It was better than expected and going to continue to grow. For some people it’s more convenient. Time-starved people that don’t have a lot of time to drive to places are doing more and more research online.”

Macy’s also anticipates a rise in traffic and sales compared with last year, according to John Gorham, senior vice president and regional director of stores for the southwestern region.

After a brisk Black Friday weekend, some Hawaii retailers were waiting to cash in on an anticipated boost in online sales on the hype of Cyber Monday — the day online retailers typically offer deep discounts in hopes of continuing the holiday shopping momentum. 

Local retailers, aggressively trying to woo customers to their websites, expect online sales to match the strong start to the holiday season over the weekend, when 212 million shoppers flocked to stores and websites, up from 195 million a year ago, according to the National Retail Federation.

Consumers spent more than they did last year, with the average shopper spending $365, up from $343, an NRF survey shows. Total spending was estimated at $45 billion over the weekend.

Online sales at Maui Divers Jewelry, which has 55 stores, were up about 40 percent over the previous year this weekend, and Cyber Monday sales were up about 10 percent early yesterday afternoon, said Bob Taylor, president and chief executive officer of Maui Divers, which offered as much as half off the regular price and free shipping yesterday.

“It’s a good day,” he said. “As we get closer to Christmas, we’ll have even larger days.”

While sales are up, the average transaction is down about 10 percent over last year, Taylor said.

“People are definitely looking for lower price points from a year ago in the jewelry business,” he added.

Nearly 90 percent of retailers offered Cyber Monday deals yesterday, which could drive sales to more than $1 billion, according to one estimate. Online shoppers spent $648 million on Black Friday, up 9 percent from a year ago, and $407 million — 28 percent more than last year — on Thanksgiving, according to comScore, which measures online retail sales.

Hilo Hattie expects it will “easily double business on Cyber Monday,” according to Mark Storfer, executive vice president and chief operating officer for Pomare Ltd., parent company of Hilo Hattie, which will continue Cyber Monday offers for the next two weeks.

The Hawaiian gift store more than doubled online sales this weekend compared with the previous year, while brick-and-mortar stores were up 40 percent over last year on Black Friday — the best in five years, he said.

“It was huge. We had an incredible day,” Storfer said. “The common reasons for both brick-and-mortar and online (increases) is we see the economy improving, and we see customers more confident about the future.”

Customers are spending more on themselves this year than on family and friends, he said.

Retailers nationwide have gotten aggressive in marketing the so-called Cyber Monday following Black Friday, with many promoting sales through Facebook, Twitter and on websites.

Hilo Hattie sent a targeted e-mail invitation to a quarter of a million customers offering free shipping anywhere in the United States with a $100 purchase, beginning yesterday through Dec. 15.

“I woke up to 20 e-mails from all these different online vendors,” said Donnie Ford, a Hawaii Kai resident who shops online throughout the year but did not have time to shop yesterday.

While Cyber Monday is not as big as Black Friday in terms of traffic and sales for Best Buy, “it’s a lot bigger than it has been in previous years,” said Shawn Troup, Iwilei store manager.

“A lot of people are getting more tech savvy; they’re getting their needs online,” he said. “A lot of people are able to get things that might be out of stock or not available from (Black Friday); now they’re able to get them online.”

Best Buy has hired more staff to handle the expected increase in online ordering, which is up from last year, Troup said.

“Online is getting bigger and bigger and bigger,” he said.

“It was better than expected and going to continue to grow. For some people it’s more convenient. Time-starved people that don’t have a lot of time to drive to places are doing more and more research online.”

Macy’s also anticipates a rise in traffic and sales compared with last year, according to John Gorham, senior vice president and regional director of stores for the southwestern region.

Article from Honolulu Star-Advertiser

Hawaii Luxury Home Magazine ~ Hansen Ohana Article

Maui, No Ka Oi…

 

Here’s Why!

 

The Hansen Ohana

 

 If you’re looking to live a balanced Island lifestyle, Maui is calling your name,”says Bob Hansen of the Hansen

 Ohana. “Recently voted the world’s Top Island for the fourteenth year by the readers of Condé Nast Traveler, there are a

multitude of reasons we chose Maui as our home.” Recognized as Maui’s 2010 Top Producers by Hawaii Business Magazine, Bob

and his associates of The Hansen Ohana describe the reasons they call Maui home.

They are unlike any other! Whether maintained and easily accessible or quiet and secluded, the water is always sparkling.

You will always be able to find a beach where you can retreat and “get away from it all,” because despite Maui’s top ranking,

there isn’t an overflow of residents but a perfect population balance.

If you’re looking to grab a bite, Maui’s culinary options are diverse and plentiful.  A wide selection of fine dining,

local style food, or international cuisine can help satisfy any craving. Some of the island’s best restaurants can be found in the

Shops of Wailea where shopping is also superb. From high-end shops in Wailea, antiques in Paia, or chain stores in Kahului,

shopping is readily available. Plus, there’s no need to plan far ahead for your drive from one shop to the next. Island

driving is practically stress-free unless you’re heading to Hana.

If you love the great outdoors, take advantage of the fabulous hiking with a trek through Maui’s beautiful tropical

forests and the wide assortment of trails, or explore West Maui Mountain or Haleakala. When you’re ready to cool off

jump right in to the temperate ocean for some snorkeling, wind surfing, outrigger paddling, stand up paddling, fishing,

boating,or canoeing.

 

With countless activities, beautiful sites, and eclectic culture, there is never a reason to be bored or overwhelmed

on Maui! Call the Hansen Ohana and a piece of paradise could be yours. With low interest rates and a wide variety of property

options, this may just be the time that you’ve been waiting for to make Maui your home or your home away from home.

The Hansen Ohana’s experience and enthusiasm make it easy to accomplish all your real estate goals. As 2009 and

2010’s Top Producer for Maui County, they take the team approach to providing comprehensive service, whether representing

a seller or a buyer. Just like a winning outrigger canoe team, they each have specialties that complement each other and meet

their client’s individual needs. Let their years of combined experience, extensive market knowledge, and reputation for hard work

and integrity help you find your Maui.***Look for this article and our multi page feature in the upcoming issue of Hawaii Luxury Home Magazine***

West Side High Forclosure Rates

Makena homes for sale and other Maui properties continue to face the difficulties associated with high foreclosure rates, according to a November 4, 2010 article from the Lahaina News. The report by Mark Vieth stated that “Fear arrives in the mail at hundreds of Maui households each month. In September in West Maui, for example, 71 homeowners received letters that their houses went into foreclosure. Others reported 338 Maui foreclosures in September and 1,617 new filings in the state that month. Hawaii has a non-judicial foreclosure law (HRS 667) that gives mortgage companies the authority to foreclose on a property without court approval. If an owner falls behind two months on house payments, the mortgage company can simply submit an affidavit to the state Bureau of Conveyances to be stamped, received and filed.”

Lahaina News

Protesters aim to deflate wind project

Castle & Cooke Resorts, Lanai’s biggest employer, has proposed to erect more than 150 wind turbines on the remote northwestern end of the island and lay an undersea cable that would send the power to Oahu.

The project’s supporters say it could be a revenue-generator for the island, but opponents fear it would cut off access to important hunting grounds and have a major impact on an area rich in cultural and archaeological sites.