Citations:1 “The changing face of retail” Deloittes, 2013 SOURCE Pr entice Capital Management BP Copyright C 2014 BR Newswire. NEW York, March 29, 2014 /PRNewswire/ -- CEO Michael Zimmerman of hedge fund Pr entice Capital and Chairman of retailer deltas notes that it's not all plain sailing for on-line-only retailers: without a physical store, shops are reliant on couriers or the postal system to deliver purchases, and failed package delivery has long bedevilled on-line retailers. Retail sales increased 0.3% MoM in February. Michael Zimmerman's Pr entice Capital is a financial investment advisory firm specializing in investments in the U.S. consumer retail sector. An estimated 33% of Smartphone users check for product reviews, coupons and discounts prior to making a purchase, often while in-store - a trend fuelled by Social media. Retailers and consumers are resilient but not overly optimistic about the broader economy,” said NRA President Matthew Shay, but “positive retail sales growth continues month-after-month.” Pr entice Capital Management's Michael Zimmerman Believes e-commerce is the Future of Retailing The economy, employment, wages, and retail sales continue to stagger along. And Zimmerman is backing his opinions: his pattern of investing as indicated through Pr entice Capital’s regulatory disclosures shows the Zimmerman hedge fund favours shares with powerful brands and well-conceived mobile and on-line commerce strategies. The job market and wages are stagnant, rates of interest and costs edging higher, record numbers of Americans on food stamps and the crisis of higher taxes - all factors that Zimmerman believes mean online shopping growth will quicken as consumers turn to their mobile devices seeking ways to maintain lifestyle choices at lower cost. Mobile devices have become integral to everyday life, but moreover, trust and reliance on mobile devices has increased and Zimmerman expects this to have a significant impact on mobile commerce growth in 2014.
The fund primarily invests in consumer and retail equity shares. A recent Deloitte study1 that found customers who shop across channels spend three times more than store-only customers, and a small but growing percentage of revenue comes from on-line customers who only shop on mobile devices. US consumer retail growth will probably continue to do well in 2014 likely driven by the rapid growth of commerce. Retailers and consumers are resilient but not overly optimistic about the broader economy, but positive retail sales growth continues month-after-month. Stores have a big role to play; typically more than two-thirds of sales combine stores with on-line elements, such as collecting Internet orders in-store, researching on-line or scanning items with smart phones to read reviews. In addition, The Blomberg Consumer Comfort Index slid for four consecutive weeks to its lowest reading since April.
As stated by the Michigan Index, U.S.consumer confidence during August dropped six-year highs. New York, NY PRWEB October 04, 2013 Consumer confidence is dropping but spending in some key areas is on the up. Stock investing is not only about buying the right stock - ET Blogs Intelligent utilization of the latest social media and Smartphone data allows forward thinking companies to analyze customer behavior and quickly address needs and concerns, a field being pioneered by Apples iBeacon instore engagement technology. Zimmerman also sits as Chairman of the Board of directors at dELiAs Inc. 1 InMobi mCommerce Report - February 19, 2014 2 Retail Sales Rebound In February - March 13, 2014 NRF 3 "High-End Brands Are Missing the Boat on Mobile, Study Finds" - Mashable, 11 Jan. 2012 Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Considering that an estimated 64 million new iPhones and iPads are already in consumers hands during the last quarter of 2013, the new year could be a breakthrough year for mobile shoppers. Michael Zimmerman left Steven Cohen 's SAC Capital Advisors in 2005 to found his own investment firm - Prentice Capital Management LP - in New York. “The economy, employment, wages, and retail sales continue to stagger along. Considering that an estimated 50 million new iPhones and iPads are already in consumers hands during the last quarter of 2013, the new year could be a breakthrough year for mobile shoppers, particularly if businesses continue to adapt to mcommerce, engaging their client base with new and innovative methods.