Web Retailers Extend Shipping Deadlines
Retail Web sites have bumped back deadlines and offer free express shipping after weekend snowstorms kept holiday shoppers home in large areas of the East Coast.
Amazon.com has extended the cutoff for standard shipping by one day through Monday. Macy's Web site is offering free shipping through Monday, and J.C. Penney through Tuesday.
The moves are a bid to capture business from snowed-in shoppers in the final days before Christmas. The weekend before Christmas is one of the busiest of the year. But snow that stretched from the Carolinas to New England closed malls and kept shoppers off treacherous roads.
Web retailers saw heavy traffic during the weekend. Retail Web traffic peaked at 2.9 million visitors per minute Saturday night, according to the Akamai Retail Net Usage Index. That was up from 1.9 million on the Saturday before Christmas in 2008, though that day — Dec. 20 — was closer to Christmas than this year.
Online spending has been a bright spot. It grew 14.4 percent after Black Friday through Dec. 12, according to a release Sunday from MasterCard Advisors' SpendingPulse, which estimates sales in all payment forms, including cash and checks.
Shoppers may give retailers, both online and bricks-and-mortar, a frenzied last few days before Christmas after digging out the snow.
"The expectation is people have waited until the last minute but they have not waited until the last day," said Wally Brewster, senior vice president for marketing and communications at General Growth Properties.
More people have put off their shopping this year as they look for more deals. The company, which has more than 220 malls, figures about half of its shoppers are last-minute ones, up 10 percent from last year. That coupled with the storm especially Wednesday and Thursday.
Shoppers like Lacey Hill have been waiting for discounts because of tight finances caused by the loss of her job as a telephone operator. The 52-year-old from the Bronx started her shopping Saturday.
"You want to get the most with the little you have," said the mother of three.
Retailers hope turnout this week help make up for the weekend trouble. Outside the East Coast, saw strong turnout on the last weekend before Christmas.
The first figures for the weekend spending that would show the impact of the storm are due from ShopperTrak on Tuesday.
Chains with a large share of their stores in areas affected by bad weather include Bon-Ton Stores , Dick's Sporting Goods and Christopher & Banks, according to research firm Planalytics.
Mall operator Taubman Centers closed four of its 24 centers early Saturday, including Fair Oaks in Fairfax, Va., and The Mall at Short Hills in Short Hills, N.J. Both stores reported an uptick in traffic Sunday and by the afternoon, the Fairfax mall was as busy as a normal Sunday before Christmas, the company said.