Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Turning the screen to make the text bigger. Zooming in so it's easier to fill out the required data fields. Zooming back out to see what additional information is needed. Battling the well-intentioned autocorrect setting as you try to enter your name and shipping address.
For all the convenience associated with online shopping, the retail industry has yet to solve one of its biggest headaches: Making it simple for consumers to complete a transaction on a mobile phone.
It appears, however, that they're starting to make some progress.
According to Deloitte's holiday spending survey, released Tuesday, 41 percent of shoppers who will use a smartphone this season said they will use it to make a purchase — up 6 percentage points over last year.
Although that still falls short of the 50 percent who plan to use a smartphone to shop or browse, it's gaining ground over that metric, which was flat with last year's findings.
"That to me is an important trend," said Rod Sides, leader of the retail and distribution practice at Deloitte.
Sides attributed the momentum in mobile buying to retailers making these smaller sites easier to navigate, and pivoting away from their previous strategy of simply shrinking down their desktop pages.
He cited larger screen sizes as another contributor — a finding that was recently echoed in a study by Kount. The fraud prevention firm's research has found that the average purchase on an iPad is nearly double that of the iPhone.
But while consumers appear to be getting more comfortable transacting on mobile devices, there remains a huge gap between the amount of time and dollars spent on them.
Although mobile sales increased 27.2 percent last holiday season, they still accounted for less than a quarter of overall online sales, according to IBM Digital Analytics Benchmark. In contrast, mobile traffic increased 25.5 percent, reaching 45 percent of all online traffic.
It's a divide that Steve Barr, U.S. retail and consumer leader at PricewaterhouseCoopers, sees continuing this holiday.
"Mobile is about information and receiving discounts, [but] it's still not the tool for purchase," Barr said.
Deloitte's study backs up his thesis. Among the 78 percent of respondents who said they will use their phone for holiday shopping, 60 percent said they will do so to get store locations. Checking and comparing prices was the second most popular reason, at 55 percent.
Regardless of how shoppers use their mobile phones this holiday, the stakes are high for retailers to meet their needs both digitally and in-store. According to Deloitte, consumers who both visit stores and use the Web will spend 75 percent more than those who strictly shop at bricks-and-mortar locations.
Overall, Deloitte's survey found that shoppers plan to spend on average 12.5 percent more this holiday. That includes an average $976 on nongifts — up 16 percent compared to 2014 — and $487 on gifts — an increase of 6 percent.
In line with earlier findings from the National Retail Federation, Deloitte also said that shoppers will spend more on themselves this holiday. The consulting firm's study found that 50 percent of consumers plan to pick up items for themselves while they're out shopping, up from 43 percent last year.
"If you go back and you look at where we were in the Great Recession, people didn't spend on themselves," Sides said. "[Now] they feel like they can splurge on themselves."
Last month, Deloitte predicted that retail sales excluding motor vehicles and gasoline would rise between 3.5 and 4 percent from November through January — a growth rate below last year's 5.2 percent gain.