Retailers gearing up for Black Friday shopping
Posted on 11/14/2017 2:31:00 AM.

Black Friday is next week and retailers are gearing up for a busy shopping season. An October survey from Deloitte found that online holiday shopping is expected to beat in-store sales for the first time.

But LSU Marketing Professor Dan Rice says brick and mortar stores can be still very profitable and retailers will do what they can to get shoppers into their stores.
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Black Friday, LSU, Dan Rice, online shopping

Report finds 1 in 5 malls to close down within five years
Posted on 6/5/2017 11:41:00 AM.

A report from Credit Suisse finds at least one in five U.S. shopping malls will go out of business within the next five years, because of the growth in online sales. LSU Marketing Professor Dr. Dan Rice says retail sector is not dying but certain retailers in these malls are really hurting.
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Credit Suisse, Dan Rice, shopping malls

Survey finds consumers are spending less this Valentine's Day
Posted on 2/12/2017 3:22:00 AM.

The National Retail Federation finds this Valentine’s Day consumers are expected to spend $18.2 billion. That’s down from $19.7 billion last year. LSU Marketing Professor Dan Rice says we might be seeing a shift in how people celebrate this romantic holiday as couples are doing more things for each other around the year.
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National Retail Federation, Valentine's Day, Dan Rice

Several stores in Louisiana closing soon
Posted on 1/5/2017 11:42:00 AM.

Several stores are closing their doors for good in the coming months. Sears Holdings announces Kmart locations in Gonzales and Jefferson Parish, as well as Sears in Gretna and Cortana Mall in Baton Rouge will close by this April. LSU marketing professor Dan Rice says in Sears’ case, the company looked at places where there’s overlap.
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Dan Rice, Sears, Kmart, Macy's, The Limited, retail

The Super Bowl of shopping is today, it's Black Friday
Posted on 11/25/2016 2:04:00 AM.
It's one of the busiest shopping days of the year and LSU marketing professor Dan Rice says shoppers are savvier than ever thanks to technology. Rice says just because the malls are packed today, doesn't mean that shoppers are ready to buy from that store.
Black Friday, cell phones, internet, National Retail Federation, Dan Rice

Retailers are getting into holiday shopping mode
Posted on 11/1/2016 7:55:00 AM.

With Halloween over, retailers are gearing up for the holiday shopping season. The National Retail Federation is predicting consumers nationwide will spend $952 this year. But LSU Marketing Professor Dan Rice says that could be a little different in Louisiana, given the downturn in the oil industry and so many people impacted by flooding.
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Christmas Season, National Retail Federation, LSU, Dan Rice, shopping

State sales tax to increase by a penny on Friday
Posted on 3/31/2016 2:53:00 AM.

Tomorrow the state sales tax will increase from four cents to five cents until June 30, 2018. LSU Marketing Professor Dr. Dan Rice expects some people looking to make a major purchase will try to get that out of the way before the increase goes into effect. But he says this likely won’t change consumer’s purchasing habits.
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LSU, Dan Rice, sales tax, cigarette, alcohol, increase

Burger King introduces hot dogs to their menu
Posted on 2/11/2016 5:15:00 AM.

The fast food chain Burger King announces they’ll add hot dogs to their menu starting February 23rd. LSU Marketing Professor Dan Rice says McDonald’s just went to all day breakfast and this is Burger King’s way of opening a new market.
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Burger King, hot dogs, Dan Rice

Walmart to close 269 stores worldwide, 8 in LA
Posted on 1/15/2016 11:50:00 AM.

Walmart announced today the company will be closing 269 stores worldwide, including 8 in Louisiana. LSU Marketing Professor Dan Rice says Walmart is trying to cut out the stores where they aren’t as profitable, like Walmart Express. He says the company has realized they need to start being smart about where they’re spending their money.
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Walmart, LSU, Dan Rice, closing, worldwide

Day after Christmas sales expected to be huge this season
Posted on 12/25/2015 10:31:00 AM.
Michelle Southern reporting.
Planning to hit up the mall tomorrow? Savvy shoppers know that some of the best deals of the year fall the day after Christmas, and experts say with December 26th falling on a Saturday, retailers will be ready with sales. LSU Assistant Professor of Marketing Dan Rice says stores will attempt to sell off excess inventory and appeal to shoppers who are making returns.
dan rice, day after christmas, sales, retailers, consumers, shopping

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