Friday, December 2, 2016

Mobile Shopping Increasingly Becoming an Integral Component of Black Friday



Black Friday has become a cultural phenomenon throughout the US. When it first started in 1952, it was just a day to start your holiday shopping, when stores discounted their products so that they could begin making a profit for the year and be "in the black." As time went on, the deals got better and better until it got to a point that people were waiting for hours in the middle of the night on Thanksgiving to get a chance at the best discounts once the stores opened. Over the past few years, however, stores have started to offer the same deals online as in the stores, which has reduced the number of Black Friday shoppers. Samantha Masunaga, in her L.A. Times article, discusses the shift to mobile shopping and some of the reasons why Black Friday continues, even with such decreased demand.

This year, it is projected that the e-commerce for the holiday season will grow to a valuation of over $117 billion. While Cyber Monday once represented the day when deal-hunters could get discounts on their online shopping, but now that so much of the Black Friday Shopping can be done online, many people consider Cyber Monday to be obsolete. It makes more sense to get their deals over the holiday than to find an hour or two in the middle of a busy workday to find the best deals. Retailers are seeing the difference: on Thanksgiving night, which has in itself begun to replace Black Friday, sales were 13.6% higher than last year, a total of nearly $1.2 billion.

Not only are people taking advantage of online deals rather than going into the stores, a surprising number of shoppers are doing so via mobile devices instead of computers. Nearly $550 million of the $1.2 billion total on Thanksgiving night came from mobile purchases. That's a 58.6% increase from last year's mobile sales. While mobile shopping is convenient, some people find it to be too much of a hassle and prefer using a computer, at least to complete their transactions. Not enough online retailers have improved their mobile layout, which has led to a projection that while 53% of e-commerce visits will happen on mobile devices, only 34% of sales will happen on apps.

Many customers find the checkout process to be too time-consuming or confusing on mobile apps for some businesses, and opt to go onto a computer or choose an easy-to-understand platform like Amazon to make their purchases. If online retailers want to stay competitive, they will have to improve their platforms, potentially by integrating easier payment systems like PayPal, Android Pay, or Apple Pay, rather than making customers try to input credit card information on the small screen of their smartphone. Target and Wal-Mart, among other companies, have noticed improvements in their mobile performance over the past few years. After fixing its online platforms and making it easier to checkout, Target even found that mobile sales over the weekend had increased by 200% from last year.

While mobile apps and online platforms are great for the tech-savvy consumer, many customers prefer the emotional connection to Black Friday that they get by physically going to the late-night sales. Some shoppers don't want to do online shopping because they would prefer to see the product up close and examine it before buying. Other people just enjoy the cultural experience of rushing through the store, hunting for deals. Whatever the reason, even if Black Friday becomes a mainly online phenomenon, it is very likely that there will still be in-store experiences available. Black Friday is a tradition for many shoppers, and especially since many people do their bargain-hunting online, crowding is less of an issue, many shoppers expect to be able to keep up the practice for many years to come.

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Friday, November 18, 2016

Study by Adobe Systems: Holiday Deals and Discounts of 2016



With Thanksgiving quickly approaching, many people are already starting to plan for the holiday shopping that comes right around the corner. Late November is often the best time to shop for the holidays if you're looking for great deals on many items. However, this rule often only applies to general items, not specialty items that might sell out quickly. Jonnelle Marte, in her L.A. Times article, describes the results of a study performed by Adobe systems, which tells shoppers which dates are potentially the best for deals on toys, electronics, clothing, and jewelry.

Just a few years ago, Black Friday started early on the morning following Thanksgiving, when many people were off of work and had the time to go wait in hours-long lines to get a deal on the latest products. More recently, though, Black Friday has undergone a shift to start earlier and earlier, to the extent that some stores start their "Black Friday" sales as early as 6 PM on Thanksgiving Day itself. Some items have their best deals on Black Friday, but not as many as might be expected.

Electronics are one category of items that receive the largest markdowns on Thanksgiving Day, according to Adobe's research. From flat-screen televisions to cell phones and computers, Thanksgiving is the day to get those deals. When compared to the average prices on the electronics in October, it was found that televisions are expected to be discounted by an average of 20% and tablet computers will have an average discount of 18%. Those deals won't last forever, of course, given that the stores only have a limited supply of each product, but for the deal-hunters that get to their holiday shopping extra early, they could find themselves snagging quite the discount.

Another type of item that has its greatest discount on Thanksgiving is jewelry. Adobe's study found that on average, jewelry will be discounted approximately 10%. The research also found that many people push off making those purchases until later on, closer to the holidays, often because they are searching for the "perfect" piece of jewelry, regardless of the jewelry's brand. Because they search for a certain style and higher quality of jewelry, they often miss out on the deals, but because they get the best piece they can, many customers don't mind missing out on the 10% savings.

Most other items have their greatest deals on days other than Thanksgiving/ Black Friday. For example, clothing and other apparel often have the greatest discounts on November 22nd, or the Tuesday before Thanksgiving. Retailers often start their discounts on clothing early, because it's not an item in major demand. Most people are more appreciative if they get a new electronic device on the holidays, not clothing, so the stores have to do something extra to get the additional revenue that has become expected during holiday times. In fact, some everyday items, like socks, will sometimes be marked down the most significantly right after the holidays are over.

As for toys, Adobe's research showed that the best day for deals would be Cyber Monday, which is the Monday after Thanksgiving. Cyber Monday is known for its online deals, but it is expected that most toys, especially generic ones, will be discounted an average of 13%. Toys are a more tricky item, especially for parents, because if they wait for the best deal on certain in-demand items, they may end up missing out on the item altogether, if te store's stock runs out. So, in general, Cyber Monday can offer the best deals on toys, as long as you're not focused on getting a particular toy. If you are looking for the latest Hatchimal or Lego set, you might want to pay a little bit extra to guarantee you get it.

Overall, the best deals seem to be those involving electronics that are offered on Thanksgiving Day. Every other deal seems to be a good one, but only to the customer who doesn't care about what specific product they are getting. For electronics, especially televisions, many customers don't care about the specific brand, so any discount on a large, flat-screen television is a good thing. When it comes to pieces of jewelry, people become pickier and look for quality pieces that won't necessarily offer the better deal. The above suggestions will benefit people searching for general products, but if a customer is looking for a very specific product, they might just have to bite the bullet and spend full price on it to help guarantee that they get exactly what they want.

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Friday, November 4, 2016

SolarCity Releases New Type of Solar Panels in Response to Decreasing Growth in the Industry



One of the biggest complaints that homeowners have against solar panels is that they "look ugly." Homeowners claim that the normal glass and metal panels clash with the look of their house and negatively affect the feel of the neighborhood. Fortunately for them, Elon Musk, the chairman of SolarCity, has revealed a whole new line of solar panels that look more like regular roofing tiles. Ivan Penn and Russ Mitchell, in their L.A. Times article, discuss what this innovation means for consumers and how it ties into all of the other technology being designed by Musk's companies.

Not only do these re-designed solar panels address the "ugliness" issue, but Musk also hopes that these panels will provide homeowners with more of an incentive to invest in one of Tesla's wall-mounted batteries. When the sun is shining, the tiles provide energy for current use and charge up the battery. When the sun isn't shining, the charge in the battery can be used to provide energy for the house. Eventually, he hopes that every home will have its own personal "alternative energy ecosystem" made up of Tesla and SolarCity devices. His goal is for green-minded homeowners to mix electric vehicles, charging stations, solar rooftops, and wall-mounted batteries to create the perfect blend for an energy-efficient home. Realistically, all of those devices are very pricey, so the components are sold separately, but Musk makes it clear that they work best as a total system.

Analysts believe that SolarCity's big announcement regarding the new-and-improved solar panels was due to the slowing growth of Southern California's solar industry. Where solar panel sales rose by 66% in the first three quarters of 2015 compared to the previous year, sales only rose by 12% in the same period of 2016. They believe the slowing growth is caused by the dwindling number of early adopters for the technology. The hope is that the new style of solar panels and the introduction of Tesla's new Powerwall home electricity storage batteries will help them quickly move on to the early majority segment of potential customers. Additionally, the slowing growth could be due to changes in state and local regulations. Rules are changing regarding how solar companies can sell their energy to utility companies, and tax credits for green energy are running out, so it becomes a less affordable proposition by the day.

Still, overall, analysts believe that the solar industry will continue expanding through the end of 2016. Prices on solar panels and wall-mount batteries are continuously going down, which helps those on the fence to make a decision. It is believed that overall sales in the solar industry will reach $38 billion by 2025, from $3 billion in 2016. While utility companies and local regulators have been targeting solar providers, making their costs rise, the solar companies have responded by partnering with electricity storage companies. It is sensible that a package of solar energy with a way to store it can be optimal based on customer demands. But, Musk already has a head-start on everyone else, since Tesla and SolarCity already make up their own strategic alliance. If other companies want to catch up, they will have to figure out a way to cut costs significantly, or accept lower profits until they have been able to get a substantial market share.

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Friday, October 28, 2016

Twitter Inc. to Shut Down Vine and Lay Off Hundreds of Employees



Five years ago, Facebook and Twitter got into a battle over who would ultimately purchase Instagram. When the more-powerful Facebook ultimately purchased Instagram, Twitter took a risk and went for the unheard-of Vine app. In the short-run, Vine was a far cheaper investment and ended up with millions of users. However, now that live video streaming seems to be the way of the future. According to Paresh Dave, in his L.A. Times article, Twitter is being forced to stop all future development on Vine and cut approximately 9% of its workforce to make ends meet as their profits continue to decrease.

Vine is an app that enables users, especially those with comedic talent, to share short videos, limited to approximately 6 seconds. Many people have gained viral fame due to Vine, including comedians like Thomas Sanders and singers like Shawn Mendes. Unfortunately, even though Vine gained massive popularity, it only lasted a few years before users and advertisers realized that YouTube and other platforms would be more lucrative. As one analyst stated, there are too many alternatives for video advertising to have a successful app that limits clips to 6 seconds.

Vine isn't the only thing Twitter Inc. is getting rid of, though. In order to save around $100 million per year, even after severance pay, Twitter plans to lay off approximately 350 of its 3,900 employees. Unfortunately, analysts don;t believe that the cuts will be enough in the long run. While Twitter's revenue is up 8% from last year, in part due to advertisement sales, it is also showing a loss of over $100 million per quarter. Twitter executives seem confident that the addition of live-streaming capabilities will enable the company to be more successful in the future, but that remains to be seen.

One of the main problems that analysts have pointed out regarding Twitter Inc.'s business is that users are too limited. On Twitter.com, posts are limited to 140 characters, and on Vine, videos were limited to 6 seconds. Users don't like limits, especially when they are so small. At least on Snapchat, videos have a slightly longer 10-second limit, nearly double that of Vine. There has been some talk in recent years of Twitter raising their character limits, but as of yet, that has not come to fruition. Logically, longer messages and longer videos would have more space for advertisement, so if Twitter wants to stay competitive, it may have to adapt to the longer format used by most platforms.

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Friday, October 21, 2016

Orbital ATK's Successful Rocket Launch Enables it to Supply the ISS Again



The International Space Station (ISS) currently houses three astronauts: one each from Russia, Japan, and the United States. Those astronauts live and do research in the floating structure 250 miles above the Earth, and as such, need a steady supply of food and equipment to stay alive. Two years ago, on October 28, 2014, an unmanned Antares rocket from a company called Orbital ATK exploded on takeoff, destroying the rocket, launch pad, and the entire shipment of supplies. Fortunately, Orbital ATK seems to be making a return to the market. Just this week, as detailed in an article by the Associated Press of the L.A. Times, a newly rebuilt Antares rocket took flight, carrying over 5,000 pounds of food and other supplies for the astronauts on the ISS.

The rocket's flight was in view for watchers throughout the East Coast, as far north as Boston and as far south as Charleston.  Besides the fact that the renovations and repairs cost over $15 million, the engineers of Orbital ATK were very relieved when the rocket launch was successful. because it meant that they could get back into the business of supplying the ISS. Over the past two years, since Orbital ATK was out of commission, NASA's sole source of supplies was SpaceX. When the American space program first ended in 2011, government-owned shuttles were forced into retirement, which gave SpaceX and Orbital ATK room to take over.

Orbital ATK was doubtful about its ability to launch over the past few weeks, due mainly to the hurricane weather in the region, but the success of their rocket has brought the company back on track. Analysts expect that the next space-related venture to be commercialized will be flights to transport crew members of the ISS. NASA also hopes to get astronauts to Mars by the 2030s, which would mean the next goal for companies like SpaceX would be commercialized transport to Mars and other planets in the future. Orbital ATK's newly regained ability to send rockets into space has granted the company a spot in the competition for control of a future commercialized form of interplanetary travel.

The payload of supplies released by the Antares rocket, stored in a Cygnus capsule, is currently orbiting the Earth, waiting a few days before it will break free of the orbit and make it all the way to the space station. The reason for the delay is that a new crew of three astronauts is set to launch from Kazakhstan this week, and NASA wants to give them a little bit of time to get settled on the ISS before they have to immediately begin unpacking supplies and beginning the experiments. Especially because their last rocket exploded before it ever left the ground, many people were wary that a similar outcome could be expected this time. The success of Orbital ATK's rocket speaks volumes for their position in the future market of commercialized space transportation.

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Friday, October 14, 2016

Workplace by Facebook: The Newest Social Media Platform for Businesses



Many businesses have Facebook pages where they do a lot of their social media marketing. In fact, Facebook's statistics show that they have over 50 million pages dedicated only to small businesses. Additionally, over 41% of small businesses in the U.S. operate on Facebook to some extent. In Facebook's latest attempt to draw more demand, the company has created a new platform targeted specifically at businesses, non-profits, and other organizations. As described in an article by the Associated Press of the L.A. Times, the new platform, called Workplace, has several distinct differences from Facebook's business uses.

While Facebook business pages have the option of producing advertisements and sponsored/ promoted posts, Workplace boast a complete absence of ads but makes up for it by charging its users a monthly fee. Sensibly, Facebook has committed to certain price ranges based on the number of active users. If active users number under 1,000, they charge $3 per user per month. For 1,000 to 10,000, the price is $2 per user per month, and for any number of active users above 10,000, the price will be only $1 per person per month.

For the last 18 months, Workplace (originally called Facebook at Work) was only available to select organizations by invitation. Now that it has begun to be released to the general public, Facebook hopes that demand will grow quickly. Workplace has some similarities to normal Facebook, but also seems to take some notes from LinkedIn, in that it has a news feed and the ability to build profiles and connect with coworkers and people in similar fields. In theory, Facebook believes that Workplace's set-up should be pretty easy for users to grasp since its layout is so similar to Facebook's.

Growth doesn't seem to be much of a concern for Workplace. Even under the invitation-only system, users more than doubled over the past six months, from approximately 450 businesses to over 1,000. In general, Workplace is a communication tool that helps "connect everyone." Its algorithms are different from Facebook, which means you should see more content that actually pertains to you. Additionally, the platform is supposed to be a great facilitator for group chats and video calls, which can help tie together the employees of even the largest companies. At this point, it's hard to tell whether Workplace will be the next big thing, but knowing Facebook, it is very likely to become popular sooner or later.

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Friday, October 7, 2016

Caltech Researchers Discover Deep-Level Earthquakes in the Mantle



For a very long time, seismologists (people who study earthquakes) believed that earthquakes could only happen in the Earth's crust layer, no more than 15 miles below the surface. A recent discovery by researchers at Caltech turned that assumption on its head. As Rong-Gong Lin II wrote in his L.A. Times article, it turns out that some earthquakes actually have the ability to travel deep under the surface, to the mantle level, which can multiply the quake's power many times.

Some of the earthquakes took place so far under the surface that the state-of-the-art sensors employed by the Caltech researchers barely sensed them, which explains why conventional seismometers have failed to pick up the signals in the past. Basically, what the researchers discovered is that the largest earthquakes are those that spent some time percolating in the mantle. One example was the 8.6 earthquake that happened in the middle of the Indian Ocean in 2012. At the time, science's understanding of how earthquakes work could not explain how an earthquake that large had happened.

If these greater-strength quakes were possible, areas around the Newport-Inglewood fault or the San Andreas fault could be at risk. Fortunately, the researchers have so far only found evidence of microquakes (2.0 or less) that originated in the deeper layers. It is possible that the deeper-level quakes are more spread out and don't usually join together, which could mean that they would only cause small microquakes. If a quake on the scale of magnitude 3 or 4 were to be detected in the mantle, concerns would likely be raised, but right now, researchers have asked for more time to study and learn more about the way earthquakes work.

Additionally, research performed in areas other than the Long Beach portion of the Newport-Inglewood fault line did not show nearly as much evidence of deep quakes. Some evidence points to liquids flowing up from the mantle in certain beachside areas, so that may contribute to Long Beach's increased risk for deep quakes. At the moment, there is no way to tell if deep-level quakes are as large a risk as they could be. Perhaps it is only an issue in Long Beach; maybe it's only an issue in cities that border the ocean. Only time and a lot more research will reveal the truth.

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