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NEW YORK, Dec. 2, 2020 /PRNewswire/ — Klarna, the leading global payments provider and shopping service, today released new data reporting a massive spike in US sales during the final hours of Black Friday. Between the hours of 9-11 pm PT/12-2 am ET on November 27th, sales made using the Klarna app, which allows users to shop at any online store, increased by over 2000% compared to an average shopping day in the US. 

Klarna’s new data also reveals the most popular product categories among generations, indicating that US shoppers were primarily focused on electronics and marketplace purchases during Black Friday.

“US shoppers were the most active towards the end of the day on Black Friday, indicating that consumers who were working or busy during the day were still eager to take advantage of last-minute Black Friday deals,” said David Sykes, Head of US at Klarna. “Our proprietary data also indicates that shoppers were purchasing holiday gifts for their loved ones on Black Friday, taking advantage of mobile shopping and flexible payment options to shop for products in the electronics, marketplaces, and children’s categories.”

KEY FINDINGS

• Sales through the US Klarna app were up over 2000% between 9-11 pm PT/12-2 pm ET on Black Friday.
• Compared with an average shopping day during the third quarter (July-September), sales on Black Friday increased the most among Gen Z shoppers, but Millennials accounted for the biggest group of shoppers.
• The most popular shopping categories on Black Friday were electronics and marketplaces. The electronics category saw 47% growth in share of wallet across all generations on Black Friday compared to the baseline day, while the marketplaces category saw 42% growth in share of wallet across all generations on Black Friday, compared to the average baseline day. 
• Children’s products’ share of wallet grew 16% across all generations on Black Friday compared to an average day during the third quarter. This growth was especially pronounced among Millennials (up 24%) and Gen Xers (up 4%), as many parents focused on buying holiday gifts for their kids.
• Food and beverage share of wallet increased by 9% on Black Friday across all generations compared with an average day, indicating consumers were eager to stock up early due to pandemic concerns. Gen Xers and Millennials shifted their spending towards this category, increasing their share of wallet on these items by 65% and 13%, respectively, compared to the average shopping day. 
• Gen Zers and Gen Xers shifted their spending away from the health and beauty category, decreasing their share of wallet spent on these items by 16% and 18%, respectively, compared to the average day in the previous quarter. However, Baby Boomers increased their share of wallet spent on this category by 11%.
• Home and garden was less of a priority for shoppers across all generations during Black Friday, which registered a 27% drop in share of wallet on Black Friday compared to the average day during the third quarter. 

Klarna has been analyzing share of wallet, or how its app users are dividing their spending among different shopping categories, to identify which categories consumers are shopping most often through the Klarna app. Throughout November and December, the company will continue to analyze proprietary data weekly to identify notable insights into consumer behavior during the critical 2020 holiday peak season period.

Methodology

Klarna analyzed purchases made through Klarna’s US in-app shopping feature on November 27 (Black Friday) compared to an average baseline day in the US during the third quarter (July-September), and compared to an average day during the previous week (ended November 22).

The data indicates distribution of purchase volumes among the following selected categories:

• Children’s products: children’s and infant clothing stores, childcare services
• Food and beverage: grocery stores and supermarkets; fast food; convenience stores and specialty markets (including vitamins supplements); candy, nut and confectionery stores; ice cream and cheese shops; and bakeries
• Home and garden: furniture, tools and home improvement, pet supplies, kitchenware, plants and flowers, and cleaning products
• Health and beauty: health, beauty and cosmetics; body and haircare; personal care; dietary supplements; fragrances; and prescription optics
• Leisure, sports and hobby: sports and outdoor gear, concept stores, hobby articles, prints and photos, costumes, and party supplies
• Marketplace: items purchased from the likes of Amazon.com, Walmart.com, Target.com and eBay.com
• Electronics: diversified electronics, electronic equipment and related accessories, household electronics (including white goods and appliances), office machines and related accessories (excluding computers), and car electronics

Klarna also compared hour-by-hour sales during an average day in the US during the first, second and third quarters, versus hourly sales during Black Friday. The data indicated periods of significant growth during specific hours of Black Friday.

About Klarna

We make shopping smoooth. With Klarna, consumers can buy now and pay later, so they can get what they need today. Klarna’s offering to consumers and retailers includes payments, social shopping and personal finances. Over 200,000 retail partners, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress, have enabled Klarna’s innovative shopping experience online and in-store. Klarna is ranked number five on the 2020 CNBC Disruptor 50 list, is the most highly valued fintech in Europe with a valuation of $10.65 billion, and is one of the largest private fintechs globally. Klarna was founded in 2005, has over 3,500 employees and is active in 17 countries. For more information, visit klarna.com.

Media Relations Contacts:

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Berns Communications Group

Michael McMullan / Danielle Poggi

[email protected] / [email protected]

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DES MOINES, Iowa and NEW YORK, Dec. 2, 2020 /PRNewswire/ — Meredith Corporation (NYSE: MDP; www.meredith.com) announced today that Catherine Levene has been named National Media Group (NMG) President, effective immediately.

Meredith’s National Media Group reaches nearly 95 percent of all U.S. women and more than 190 million unduplicated American consumers every month through iconic brands such as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and REAL SIMPLE. Meredith’s premium digital network reaches more than 150 million consumers each month. The company is the No. 1 U.S. magazine operator with 36 million subscribers and the No. 2 global licensor with robust brand licensing activities that include a Better Homes & Gardens partnership with Walmart.

Levene, 50, currently serves as the NMG’s Chief Digital Officer. In her new role, she will oversee all NMG activities, including its Digital, Magazine (led by Doug Olson), and Consumer Products (led by Tom Witschi) businesses. Levene will report to Meredith Chairman and CEO Tom Harty.

“Catherine’s strategic and innovative approach has been instrumental in growing our digital business,” said Harty. “She is relentless in pursuing the best experiences for both our consumers and advertisers. I am excited for the future of the National Media Group under her leadership, and I am proud and thrilled to see Catherine make history as Meredith’s first female corporate officer.”

Levene joined Meredith in January 2019 as Corporate Chief Strategy Officer. She quickly transitioned into an operating role as the NMG’s Chief Digital Officer. Under her leadership in fiscal 2020:

• Digital advertising revenues grew to 38 percent of total NMG advertising revenue.
• Total sessions for Meredith’s NMG sites increased 16 percent, driven by strong performances from Meredith’s entertainment and food sites, particularly PEOPLE.com and Allrecipes.com.
• Meredith published 30 percent more videos and increased video views more than 50 percent across Meredith’s owned and operated properties.
• The company launched the Meredith Data Studio, which offers advertising solutions that connect Meredith’s proprietary first-party data and predictive insights to help inform clients’ marketing, product, and business strategies.
• Two new multi-platform brands were created – Daily Paws for pet owners and Millie, a female-focused financial brand.
• New podcasts were unveiled for the PEOPLE, Allrecipes, Southern Living, PARENTS, Travel + Leisure, and InStyle brands.

“I am extremely proud of what our Digital team has accomplished,” Levene said. “Together, we have powered through the COVID-19 pandemic to find more innovative ways to meet the demands of consumers and advertisers alike across our business. These examples prove Meredith’s commitment to serving women at every stage of their lives by creating the information and experiences they have grown to know and trust from our brands.”

“I am honored to be selected to lead what I believe is hands-down the best team in the media and marketing industry,” Levene continued. “I am very excited to continue working with Meredith Magazines President Doug Olson and Meredith Consumer Products President Tom Witschi to extend further Meredith’s leadership position in serving American women of all ages.”  

Levene has been a champion of Meredith’s Diversity & Inclusion efforts and serves as the executive sponsor for :BLACKPRINT, Meredith’s Black employee resource group. “I am grateful to work for a company committed to becoming a more diverse and inclusive employer and ultimately to serving our audiences and customers in an even more rich and impactful way,” said Levene.

Levene has spent her entire career in the media, digital media, and e-commerce industries. Her background includes executive positions at leading media companies such as The New York Times and Daily Candy. Levene has entrepreneurial and e-commerce experience, co-founding and selling Artspace Marketplace. She also has extensive experience working with boards and CEOs to set strategy, implement business plans, and direct M&A activities.

Levene holds an MBA from the Harvard University Business School and dual undergraduate degrees in history and business from the University of Pennsylvania and The Wharton School. She serves on the boards of directors of Business.com and the executive committee of Digital Content Next. She has held similar roles at Rent the Runway and TheFind and is an acting advisory board member of theSkimm.

ABOUT MEREDITH CORPORATION

Meredith Corporation (MDP: NYSE), a leading media company for nearly 120 years, produces service journalism that engages audiences with essential, inspiring, and trusted content. We reach consumers where they are across multiple platforms, including digital, video, print, and broadcast television. 

Meredith’s National Media Group reaches nearly 95 percent of all U.S. women and more than 190 million unduplicated American consumers every month through such iconic brands as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and REAL SIMPLE. Meredith’s premium digital network reaches more than 150 million consumers each month. The company is the No. 1 U.S. magazine operator with 36 million subscribers and the No. 2 global licensor with robust brand licensing activities that include a Better Homes & Gardens partnership with Walmart. Meredith’s Local Media Group portfolio includes 17 television stations reaching 11 percent of U.S. households and 30 million viewers. Meredith’s portfolio is concentrated in large, fast-growing markets, with seven stations in the nation’s Top 25 markets, including Atlanta, Phoenix, St. Louis, and Portland, and 13 stations in the Top 50.

 

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SOURCE Meredith Corporation

SANTA MONICA, Calif., Dec. 2, 2020 /PRNewswire/ — Starz, one of the leading premium global streaming platforms, has launched its independent direct to consumer OTT app ‘Lionsgate Play’ in India, the company announced today at a virtual press conference in the presence of Mr. Jeffrey A. Hirsch, President and Chief Executive Officer, Starz and Mr. Rohit Jain, Managing Director, Lionsgate South Asia. Building on its reputation for disruption, Lionsgate Play is committed to innovation in its content, technology, pricing, and accessibility by making premium Hollywood content available in multiple Indian languages.

The service has launched with a new price point in India, making the app available as part of two subscription models, INR 699 for a year and INR 99 per month, attractive price points that give Indian consumers the opportunity to enjoy the best of global entertainment affordably and at their convenience. In India the app will be available to download across a broad array of platforms and devices including Google Play store, Apple app store and Amazon firestick.

Starz first launched internationally with its Starzplay international premium streaming platform in 2018. This month it will expand its global footprint into 55 countries throughout Europe, Latin America, Canada, Japan and India, scaling to become one of the most widely distributed and fastest growing premium OTT services worldwide while entertaining millions of users with bold and curated content. 

The platform anticipates continued strong growth in the Indian OTT ecosystem and is capitalizing on this opportunity by bringing a host of new, provocative, and edgy movies and web series to India with the launch of direct to consumer video streaming service Lionsgate Play.

The Lionsgate Play app features a broad portfolio of content ranging from the best of original feature film and television dramas, romances, comedies, thrillers and action favourites and premieres, bringing world cinema and television series directly to Indian audiences.

New content available at launch includes:

• The Anna Kendrick starrer Love Life, a fresh take on a romantic comedy anthology series about the journey from first love to lasting love.
• No Man’s Land a Syrian civil war series that resonates with relatable themes like first love, fear of loss and family sacrifice set against the backdrop of war; and
• The Goes Wrong Show, a laugh out loud comedy series with each episode having a different theme, including a period romance, spy thriller, a Deep South melodrama, and a Christmas fable.

The streaming giant will also premiere movies such as the Jennifer Lopez starrer Hustlers,Gerald Butler’s action thriller Angel Has Fallen, the fantasy thriller Hellboy, and the action comedy The Gentlemen, starring Matthew McConaughey, Colin Farrell and Hugh Grant, just to name a few, with something for every audience.

Commenting on the launch Mr. Jeffrey A. Hirsch, President and Chief Executive Officer, Starz said, “India has always been a key market for us. The large and diverse population, increased data usage in urban and rural markets, and adoption of OTT across all demographics created an exciting opportunity for us to launch Lionsgate Play. We’re confident that our unique, exclusive and exceptionally curated content will generate a great response from Indian audiences.”

Mr. Rohit Jain, Managing Director, Lionsgate South Asia, added, “We are thrilled to launch the much-awaited Lionsgate Play app in India. We want to provide the finest, never seen before content that will captivate our audiences with bespoke entertainment drawing on the most exciting current releases and our premium library.“

“

We will also be launching Indian originals in the coming months, featuring untold edgy urban stories from some of the best creative minds in the Indian film industry” continued Mr. Jain.

  “

And we will continue our Lionsgate Play journey by adding to our deep roster of premium content through partnerships with exciting millennial stars like

 Kriti Sanon, Tiger Shroff and Sanjana Sanghi

 increasing the breadth and scope of entertainment for our subscribers.” 

About Lionsgate Play:

Lionsgate Play, a premium streaming service from Lionsgate India and Starz, offers bespoke Hollywood content for Indian consumers. It boasts of thousands of hours of Premium Hollywood content including Premieres, billion-dollar Franchise Movies and binge worthy Box Sets. Lionsgate Play has a widely distributed network in the region spanning across partnerships like Vodafone Idea, Bharti Airtel, Jio FTTH, Apple TV+, Amazon Firestick, OEM’s with an ambitious roadmap ahead. Lionsgate Play also develops and produces a diverse slate of high budget premium Indian originals.

About Starz:

Starz (http://www.starz.com/), a Lionsgate company (NYSE: LGF.A, LGF.B), is the global media company taking the lead in streaming premium content that spotlights a spectrum of women both in front and behind the camera for audiences worldwide. Starz is home to the flagship domestic STARZ® service, including STARZ ENCORE, 17 premium pay TV channels and the associated on-demand and online services, as well as the proprietary and highly rated STARZ app. In 2018, Starz launched its Starzplay international premium streaming platform and, coupled with its Starz Play Arabia venture, has since expanded its global footprint into 50 countries throughout Europe, Latin America, Canada, Japan and India. The essential complement to any subscription platform, STARZ and Starzplay are available across digital OTT platforms and multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies around the world. Starz offers subscribers more than 7,500 distinct premium television episodes and feature films, including STARZ Original series, first-run movies and other popular programming.

For media coordination please contact Perfect Relations:

• Atharwaa Kale: [email protected] +91 9833000222
• Sherry Rodrigues: [email protected] +91 8879204716

 

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SOURCE Lionsgate

NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for INTC, MRNA, GE, AAL, and XOM.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

• INTC: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=INTC&prnumber=120220203
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• AAL: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=AAL&prnumber=120220203
• XOM: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=XOM&prnumber=120220203

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SOURCE InvestorsObserver

NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for CGC, KSS, WKHS, AHT, and FCEL.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

• CGC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CGC&prnumber=120220202
• KSS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=KSS&prnumber=120220202
• WKHS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=WKHS&prnumber=120220202
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• FCEL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=FCEL&prnumber=120220202

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InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

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SOURCE InvestorsObserver

NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for TSLA, BNTX, ROKU, CCL, and QCOM.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

• TSLA: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=TSLA&prnumber=120220204
• BNTX: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=BNTX&prnumber=120220204
• ROKU: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=ROKU&prnumber=120220204
• CCL: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=CCL&prnumber=120220204
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SOURCE InvestorsObserver