Categories
Personal Finance Shopping Spending Surveys

Annual Holiday Survey: More Consumers Shopping Mobile and Local

Deloitte Annual Holiday Survey: More Consumers Shopping Mobile and Local

Smartphone ownership rises to 61 percent of consumers; Two-thirds of Americans plan to shop small businesses or independent retailers

NEW YORK, Nov. 6, 2013, Increasing smartphone ownership is taking more consumers down the digital shopping route, while many shoppers plan to frequent local small businesses when visiting stores this holiday season, according to Deloitte’s 28th annual survey of holiday spending intentions and trends.

Overall, smartphone ownership has risen to 61 percent of respondents from 42 percent just two years ago.  Women, younger generations and households earning less than $100,000 annually showed the most significant leaps in smartphone ownership, expanding the base of shoppers that retailers can access via mobile devices. For example, nearly six in 10 (59 percent) of women surveyed own smartphones, up from 46 percent last year, and 79 percent of consumers ages 18-24 own a smartphone.

Among smartphone owners, nearly seven in 10 (68 percent) plan to use their devices for holiday shopping.  These consumers will primarily use smartphones to search for store locations (56 percent), check and compare prices (54 percent) and obtain product information (47 percent).

Consumers that use smartphones to assist in holiday shopping will likely help retailers’ registers jingle this year, as these shoppers plan to spend 27 percent more on holiday gifts than non-smartphone owners.

The survey also found a significant number of consumers expecting to shop using their tablets.  Among the 38 percent of respondents that own tablets, nearly two-thirds (63 percent) of these owners indicate they plan to use it for holiday shopping this year, with “shop or browse online” ranking as the No. 1 activity.

“Tablets are a two-way street for retailers,” said Alison Paul, vice chairman, Deloitte LLP, and retail & distribution sector leader.  “They have opened up an entirely new consumer touchpoint, where shoppers can view multiple retailers’ products regardless of their location – from their couch to the point of purchase.  Retailers can also put tablets to work in their stores, providing both their sales team and customers with a broader lens into merchandise selection.  Now that the majority of consumers also own smartphones, these two devices have altered the way they interact with a brand, while also yielding a higher spend per customer.”

Shoppers stay close to home

This year, two-thirds (66 percent) of shoppers plan to shop locally at small businesses, independent retailers or boutique shops which are not part of national chains.

The survey indicates that one-third (34 percent) of consumers’ budgets will be spent at local stores. Among the reasons for shopping locally, consumers cite desire to support the local economy (60 percent), to find one-of-a-kind gifts (53 percent) and because it is more convenient (44 percent). Nearly one-third (30 percent) report having greater loyalty for the local store over national chains.

Stores still make consumers’ spirits bright

While the Internet ranks as the top shopping destination for the 2013 holiday season, 37 percent of respondents still prefer shopping in a physical store rather than online for holiday products. Service levels continue to influence respondents’ willingness to give a retailer their business.

More than half (54 percent) of shoppers say that knowledgeable store associates will lead them to making an in-store purchase, and 32 percent of shoppers feel store associates can provide customers a better shopping experience when equipped with the latest mobile technologies.  Yet, nearly six in 10 (59 percent) shoppers feel they are better connected to consumer information, including coupons, competitive pricing and product availability, than store associates.

“In the store, retail associates can be engaged to drive loyalty rather than just complete a transaction,” continued Paul. “The most successful retailers are empowering their associates to become devoted brand advocates who are knowledgeable, connected online, have the authority to price match and are aware of products available through other channels.”

Retailers also benefit from providing shoppers with self-help technology in the store. Nearly six in 10 (58 percent) of shoppers will use self-help technologies – the most common being price checkers (60 percent) and self-checkout payment lanes (57 percent).

About the Survey
The Holiday Survey was commissioned by Deloitte and conducted online by an independent research organization between September 13 and 23, 2013. The survey polled a national sample of 5,018 consumers and has a margin of error for the entire sample of plus or minus one percentage point.

About Deloitte’s Retail & Distribution Practice
Deloitte is a leading presence in the retail and distribution industry, providing audit, consulting, risk management, financial advisory and tax services to nearly 75 percent of the Fortune 500 retailers.  With more than 1,400 professionals, Deloitte’s retail & distribution practice provides insights, services and solutions assisting retailers across major subsectors including apparel, grocery, food and drug, wholesale and distribution and online. For more information about Deloitte’s retail & distribution sector, please visit www.deloitte.com/us/retail-distribution.

As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

SOURCE:

Deloitte
http://www.deloitte.com/us

 

Categories
Education Finance

Business Kit Teaches Kids Financial Literacy

Warren Buffett’s Secret Millionaires Club Introduces ‘Business in a Box’ Exclusively at Toys”R”Us®

Business Kit Teaches Kids Financial Literacy Through Included DVD, Activities and More

Secret Millionaires Club Brand Continues to Expand with Additional DVDs, Books and New Episodes on the Hub Network

 

LOS ANGELES, Oct. 15, 2013, Warren Buffett’s popular television and online series, Secret Millionaires Club, continues to expand with the introduction of Business in a Box, an all-new product from A Squared Entertainment that teaches kids the fundamentals of financial literacy through interactive play. The kit includes toys, activities and DVDs, and is now available for preorder exclusively at Toysrus.com and will be rolling into stores later this month.

 

Business in a Box, created in partnership with toy company TCG, will launch at Toys”R”Us with two kit options, which provide children with everything they need to create a lemonade stand or a car wash, including a DVD with episodes from the animated Secret Millionaires Club series, as well as a booklet with business tips from Mr. Buffett himself.

Following the success of its first home entertainment release, Gaiam Vivendi Entertainment introduced Secret Millionaires Club: Volume 2 on DVD September 10. The animated series teaches kids how to invest in themselves with realistic life lessons about earning and saving. Secret Millionaires Club: Volume 2 DVD includes six episodes plus six webisodes as added Bonus Material for the suggested retail price of $14.93. All 26 episodes of Season 1 are currently available digitally everywhere.

The announcement of Business in a Box and the Secret Millionaires Club: Volume 2 DVD follows recent news of the new book, “Secret Millionaires Club: Warren Buffett’s 26 Secrets to Success in the Business of Life” by co-Authors and co-Executive Producers on the animated series, Amy Heyward and Andy Heyward. The book, published by Wiley, features all of the same lessons featured in the animated series. Chapters include, “Don’t Be Afraid to Make Mistakes;” “Love What You Do;” “Protect Your Reputation;” “If You Fail, Try Again;” “Confidence Comes With Understanding;” and many other lessons from Mr. Buffett, which he credits his own success in life. Available at Amazon.com

“We created Secret Millionaires Club with Warren Buffett to help prepare kids to live happy, successful lives,” says A Squared Entertainment CEO, Andy Heyward. “We’ve found ways to make it fun for kids to understand business and to build the confidence to think like entrepreneurs while learning valuable life lessons that can be key to future success.”

Secret Millionaires Club, created in partnership with and starring an animated Warren Buffett, features a group of kids who have adventures in business. Secret Millionaires Club empowers kids by helping them understand the world they live in, teaching them about the impact their decisions have on their own lives…and teaching them to have the confidence to be the best they can be. The series airs on the Hub Network. Tune in on Sunday, Oct. 20 at 9 a.m. EST/6 a.m. PST for a new episode of Secret Millionaires Club titled “The Final Financial Frontier.” The episode will encore on Monday, Oct. 21 at 11 a.m. EST/8 a.m. PST.

About A Squared Entertainment

A Squared Entertainment creates, produces and distributes original “content with a purpose” for kids, meaning entertainment that is as enriching as it is entertaining. In addition to Secret Millionaires Club, the company is creating Thomas Edison’s Secret Lab to encourage kids in math and science. It also created Martha & Friends with Martha Stewart to inspire creativity, through crafting and cooking; and Gisele & the Green Team with Gisele Bündchen to enlighten kids about the environment. The company also has an exclusive partnership with Stan Lee’s POW! Entertainment and Archie Comics. Together, they have created Stan Lee Comics and have four new superhero series in development. The first, Stan Lee’s Mighty 7, debuts early next year with a trilogy of original films and comic books.

About TCG

TCG is a privately held toy company headquartered in Toronto, Canada. The company began in 1998 with a focus on quality puzzles and games with the well known SURE-LOX® brand. As a manufacturer, TCG offers a variety of products for the whole family including puzzles, games, activities, and room décor – “THE BEST IN FUN.”  Most recently, TCG was granted the license to bring iconic Fisher-Price® games back to the market with innovative game play and technology, TCG utilizes a consumer driven approach to innovation along with the best materials and processes to offer outstanding product quality at great prices in over 30 countries.

About Gaiam Vivendi Entertainment

Gaiam Vivendi Entertainment is a leading producer, distributor and marketer of entertainment and lifestyle media.  With a diversified distribution network that spans more than 60,000 retail doors as well as an extensive digital platform, the company dominates the health and fitness category and ranks among the top three providers of non-theatrical programming. With content focused on film, fitness, sports and family programming, Gaiam Vivendi Entertainment provides sales, marketing and distribution services to many of the home entertainment industry’s most prestigious brands, including Discovery Communications, Jillian Michaels, NFL Films, National Geographic, Marvel Animation, Shout Factory, Televisa, and World Wrestling Entertainment.  For more information about Gaiam Vivendi Entertainment, call 1.800.869.3603.

About the Hub Network

The Hub Network is a multi-platform joint venture between Discovery Communications and Hasbro, Inc., with a goal of entertaining, enlightening, empowering and educating children and their families. The cable and satellite television network features original programming as well as content from Discovery’s library of award-winning children’s educational programming; from Hasbro’s rich portfolio of entertainment and educational properties built during the past 90 years; and from leading third-party producers worldwide. The Hub Network’s lineup includes animated and live-action series, as well as specials, game shows, and family- favorite movies. The network extends its content through a robust and engaging online presence at www.hubworld.com. The Hub Network rebranded from Discovery Kids on October 10, 2010, and is available in over 73 million U.S. households. The Hub Network logo and name are trademarks of Hub Television Networks, LLC. All rights reserved.

About Wiley

Wiley is a global provider of content-enabled solutions that improve outcomes in research, education, and professional practice. Our core businesses produce scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising; professional books, subscription products, certification and training services and online applications; and education content and services including integrated online teaching and learning resources for undergraduate and graduate students and lifelong learners. 

Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace. Wiley’s global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company’s website can be accessed at http://www.wiley.com.

For Media Inquiries, Please Contact:
Michelle Orsi or Carol Holdsworth
Three.Sixty Marketing + Communications
Email
310.418.6430

Read more news from A Squared Entertainment.

SOURCE:

A Squared Entertainment

 

Categories
Business School Education Finance

The Princeton Review’s Annual Business School Rankings

The Princeton Review’s Annual Business And Law School Rankings Based On 38,800 Student Surveys Are Now Out In Its “Best 295 Business Schools” And “Best 169 Law Schools” Guidebooks

– Top 10 Schools in 11 Categories From “Best Career Prospects” to “Best Professors”

NEW YORK, Oct. 8, 2013, The Princeton Review—known for its widely-followed college rankings in dozens of categories based on how students rate their schools—today released the 2014 editions of its guides to business and law schools, which also include annual ranking lists uniquely based on student surveys.

“The Best 295 Business Schools” and “The Best 169 Law Schools” (Random House / Princeton Review, 2014 Editions, $22.99) each report lists of top 10 ranking schools in 11 categories.

The Princeton Review tallied its lists based on its surveys of 20,300 students attending the 295 business schools and 18,500 students attending the 169 law schools profiled in the books. The 80-question survey asked students to rate their schools on several topics and report on their experiences at them. Some ranking list tallies also factored in school-reported data.

– Among the ranking list categories in each book and schools ranked #1 on them:

“Best Career Prospects”
B-school: Stanford University
Law school: Columbia University

“Best Professors”
B-school: University of California—Berkeley
Law school: Boston University

“Best Classroom Experience”
B-school: New York University
Law school: University of Chicago

“Most Competitive Students”
B-school: Acton School of Business
Law school: Baylor University

“Toughest to Get Into”
(the only ranking list in the books based on school-reported data)
B-school: Stanford University
Law school: Yale University

– Other lists in “The Best 295 Business Schools” and #1 schools on them include:

“Greatest Opportunity for Women” – Simmons School of Management
“Best Green MBA”– Yale University

– Other lists in “The Best 169 Law Schools” and #1 schools on them include:

“Most Conservative Students” – Ave Maria School of Law
“Most Liberal Students” – Northeastern University

The books also include other categories of ranking lists. Among them are lists of top 10 schools that are “Best Administered,”  “Most Family Friendly,” or offer the “Greatest Opportunity for Minority Students.”

The Princeton Review today posted its business school rankings on it site at http://www.princetonreview.com/business-school-rankings and its law school rankings at http://www.princetonreview.com/law-school-rankings. At these areas, users can also read FAQs about the basis for each ranking list and access the Company’s detailed profiles of the schools.

The Princeton Review does not rank the business or law schools hierarchically. “Each school in our books offers outstanding academics: no single law or b-school is ‘best’ overall,” said Robert Franek, SVP / Publisher, The Princeton Review. “We publish rankings in several categories and detailed profiles of the schools to give applicants the broader information they need to determine which school will be best for them.”

The ranking tallies factor in data from Princeton Review’s surveys of business and law school students completed online at http://survey.review.com during academic years 2012-13, 2011-12, and 2010-11. The survey asked students about their school’s academics, student body and campus life, and their career plans. On average, 109 students at each law school and 68 students at each b-school were surveyed for the lists in the books’ 2014 editions. All institutional data reported in the books was collected in 2012-13.

The books’ school profiles report on admission, academics, financial aid, campus life, and career / employment information. The profiles also include five school ratings (scores from 60 to 99) based primarily on institutional data.  Categories include “Admissions Selectivity” and “Career” (which factors in graduates’ starting salaries and employment data).

The Princeton Review (http://www.princetonreview.com) is a privately held education services company headquartered in Framingham, MA, with locations across the U.S.A. and abroad. It is known for its classroom and online test-prep courses, tutoring services, and line of 150 books published by Random House.  Among them is “The Best 167 Medical Schools: 2014 Edition” also published today.

In August, The Princeton Review reported its annual college rankings in 62 categories in its book, “The Best 378 Colleges.”  In September, The Princeton Review reported its annual lists of the top schools (25 undergraduate, 25 graduate) for entrepreneurship programs with Entrepreneur magazine. In February, the Company partnered with USA TODAY to report its annual list of the 150 “Best Value Colleges” and published its annual companion book, “The Best Value Colleges.”

The Princeton Review is not affiliated with Princeton University.

SOURCE:

Random House / Princeton Review Books
http://www.princetonreview.com

Categories
Accounting Surveys Taxes

Survey Demonstrates Top Global Tax Concerns

KPMG Survey: Corporate Tax Leaders Say U.S. Business Tax Reform And Transfer Pricing Environment Are Top Global Tax Concerns

Survey Results Issued In Connection With KPMG’s U.S. Tax Summit

NEW YORK, June 4, 2013, The potential for U.S. federal business tax reform and the rigorous pursuit of transfer pricing adjustments by foreign countries are the top global tax concerns facing senior U.S. tax professionals, according to a survey issued today by U.S. audit, tax and advisory firm KPMG LLP in connection with its 2013 U.S. Tax Summit this week in Orlando, Fla.

“It’s clear from our survey that tax department leaders are focused on how to manage in the persistent and active regulatory environment in transfer pricing and are also devoting increasing attention to how changes in U.S. tax legislation will affect their global operational decisions,” said Jeffrey C. LeSage , vice chairman of KPMG’s U.S. Tax practice. “We believe that these and other key tax issues will present U.S. companies with challenges and opportunities as the global business landscape continues to evolve.”

The survey of almost 250 U.S. senior tax professionals — conducted prior to KPMG’s 2013 U.S. Tax Summit, taking place June 3-5 — also polled companies on tax cloud initiatives, the tax impact of import and export activities, sustainability, and legislation on taxation of Internet sales.

According to the survey, 26 percent cited the pursuit of transfer pricing adjustments as their greatest global tax concern, while 24 percent pointed to the potential for U.S. federal business tax reform. Other top concerns included the increasing number of countries aggressively pursuing ‘permanent establishment’ as an approach to asserting a jurisdiction’s taxing authority and the lack of a uniform approach by countries (15 percent) and challenges related to obtaining meaningful data that enables a company to project its annual effective tax rate with confidence (12 percent).

Tax Not Adequately Involved With Cloud

The survey also revealed that just 12 percent of tax departments are involved in early-stage  discussions around cloud-related business transformation and almost one-third (30 percent) said when it comes to decisions on cloud-enabled business transformation their department is still being left out of the decision-making process.

“The feedback related to cloud business activities is particularly eye-catching,” said Laura Newinski, national managing partner-Tax at KPMG, “because we’ve seen that many companies that leave tax departments out of early cloud-related discussions also leave money on the table when it comes to the ultimate return-on-investments (ROI) of their cloud projects.”

In another interesting finding, 4 in 10 tax executives had not yet evaluated the potential impact of the Marketplace Fairness Act of 2013, despite the Senate’s recent passage of the bill, which would allow states to require online and other out-of-state merchants to collect and remit sales and use taxes on products and services they sell.  Only 5 percent said they had evaluated the legislation and believe it will have a significant impact.

“Companies that may be affected by the potential changes to the taxation of online and remote sales need to pay close attention to the legislation and new tax compliance obligations that may be imposed on them,” KPMG’s LeSage said. “If passed, the bill could be the most significant game changer in U.S. state and local tax in years.”

Legislative & Regulatory Impact on Trade & Customs

When asked what new regulatory, legislative or policy development has had the most impact on their company’s global import and export activities, nearly one in four respondents (21 percent) cited aggressive enforcement of customs valuation laws associated with related party pricing and the ‘dutiability’ of  royalties.

And with regard to tax’s role in a company’s sustainability strategy, more than one-third (37 percent) of respondents report that they have no significant role as a tax executive in implementing that strategy for their companies.  Rather, 28 percent said their role involved strategic implementation to managing the overall after-tax return of sustainability projects.

“As all of these issues spotlight, the challenge for tax departments in the future will be to stay out in front of developments and make the case that their insights can add value to their company’s overall business and bottom line in light of rapidly evolving needs,” said LeSage.

The KPMG “pulse” survey, conducted May 16-23, reflects the responses of 242 senior tax professionals including tax directors, tax managers, vice presidents of tax, chief tax officers and tax analysts.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International Cooperative (“KPMG International”).  KPMG International’s member firms have 152,000 professionals, including more than 8,600 partners, in 156 countries.

Contact:

Robert Nihen/Bridget Carroll

KPMG LLP

201-307-8296/201-505-6501

rnihen@kpmg.com;   bccarroll@kpmg.com

SOURCE:

KPMG LLP

Categories
Business School MBA

Earning an MBA is Still Important for Business Professionals

MBA’s Still the Acid Test of Today’s Business Hopefuls

LONDON, May 22, 2013 – MBA graduates are still the most likely of all course leavers to get good jobs, according to GMAC’s Regional Director.

MBA graduates are still the most likely of all course leavers to get good jobs, despite today’s economic challenges, said GMAC’s Regional Director.

In an exclusive interview with the ITN Education News Channel, Ben Glover said business school graduates do not to face the same problems as alumni in other disciplines, who often struggle to find meaningful work and go on to question the value of the course they’ve taken.

Speaking on the eve of the Association of MBAs’ (AMBA) International Conference for Deans and Directors, he told ITN: “92 per cent of graduates from business schools we surveyed were in work at the time of graduation. That’s an all-time high. 72 per cent said that their new position met or exceeded their expectations and three quarters said that without the skills they learned at business schools they wouldn’t be in the position they’re in now.”

Future proofing the MBA to maintain these standards was the theme of AMBA’s annual conference in Warsaw (15 – 17 May). Setting the tone for discussions about the virtual classroom of the future Nokia’s Education and Technology Specialist, Bhanu Potta told conference delegates of senior business school management: “The speed of change in student learning styles far outpaces the speed of change in teaching practices.”

In AMBA’s snapshot survey conducted during the three day conference, 65% of the delegates from the world’s leading business schools said online education and the changing attitudes of a new generation of learners would have the biggest impact on management education in the next five years.

The Deans and Directors also agreed that innovation was critical to success, with over 77% of the delegates saying they thought that the MBA will have to innovate in order to remain the flagship business school degree.

Meeting in Warsaw, under the backdrop of Poland’s transformation and achievement, the conference delegates also demonstrated the changing dynamic of MBA education. The business schools attending from emerging or growth economies showed how their MBA programs are driving the economy and that business schools from developed countries will soon need to catch up.

“The emerging economy business schools have a great advantage to become number one in the world because they don’t need all this time for unlearning because they are just learning,” said Professor Danica Purg , President, IEDC-Bled School of Management in Slovenia and President of CEEMAN.

To see the full interview with GMAC’s Ben Glover, more ITN interviews from AMBA’s annual conference and specialized content from industry professionals and experts within the education sector, please visit the ITN Productions’ Education News Channel, here: http://www.educationnews.itn.co.uk

Education News, presented by Natasha Kaplinsky, has reports on the MBA and its providers from around the world, including:

Education News is the latest industry channel from ITN Productions’ corporate production team, which works with trade bodies and associations to deliver high-quality news programming for individual vertical business sectors, producing videos about key industry topics, sharing best practice and updating on industry developments.

About ITN Productions: ITN Productions is ITN’s central creative hub producing content for major global brands in the broadcast, online, mobile and corporate sectors.

About the Association of MBAs: AMBA accredits MBA, DBA and MBM programmes in more than 200 business schools around the world and connects MBA students, alumni, business schools and employers with its membership services. http://www.mbaworld.com

Education News enquiries: Derek Dyson, Executive Producer, ITN Productions

Tel: +44(0)20-7430-4646 or email: Derek.Dyson@itn.co.uk

For media enquiries about AMBA, please contact: Carol Turner, Communications & PR Manager, +44(0)207-246-2674, C.Turner@MBAWorld.com

SOURCE:

ITN Productions & Association of MBAs