Subscribe to Retailer Daily
Archives » Amazon.com
‘The Daily Wrap:’ Burger King, Walgreens, Dunkin’ Donuts
3G Buys BK
Private equity firm 3G Capital has purchased public fast food chain Burger King for $4 billion. That figure equals 46% more than Burger King’s share value at the time of the deal. Source: CNN/Money
Walgreens Buys 18 ApothecaryRx Stores
Drugstore retailer Walgreens will acquire the assets of 18 ApothecaryRx pharmacies located in Colorado, Oklahoma, Minnesota, Missouri and Illinois....
Continue Reading »
‘The Daily Wrap:’ Burger King, Amazon, Bashas’
Burger King Said to Hold Buyout Talks With 3G Capital
Fast food retailer Burger King Holdings, Inc. is reportedly in talks with 3G Capital about a buyout. The public company could potentially improve troubled relations with its franchisees and differentiate itself from chief competitor McDonald’s by selling its business to a private equity firm. Source: Bloomberg
Amazon Plans New...
Continue Reading »
eBay, Wal-Mart Receive Most Visits – Update
Online auction retailer eBay and discount retailer Wal-Mart received the most online visitors in July 2010, according to [pdf] comScore MediaMetrix data.
During July 2010, eBay received about 69.5 million unique U.S. visitors, placing it 13th among all sites and making it the most-visited site whose primary function is retailing. About 32.5% of the roughly 213.6 million unique U.S. internet...
Continue Reading »
‘The Daily Wrap:’ Lowe’s, A&P, PayPal
Lowe’s Increases Net Earnings 10%
Home improvement retailer Lowe’s Companies, Inc. reported net earnings of $832 million for the quarter ended July 30, 2010, a 9.6 percent increase from the same period a year ago. Sales for the quarter increased 3.7 percent to $14.4 billion, up from $13.8 billion in the second quarter of 2009. Source: Lowe’s Companies, Inc
A&P Plans 25 Store Closures
‘The Daily Wrap:’ JCPenney, Starbucks, Amazon.com
JCPenney Produces Net Income
Department store retailer J.C. Penney Company, Inc. reported net income of $14 million in Q2 fiscal 2010, compared to a break-even net income result a year earlier. JCPenney also reported increased store and internet sales. Source: J.C. Penney Company, Inc.
Starbucks Plans Digital Network
Coffee retailer Starbucks is in the midst of developing a “Digital...
Continue Reading »
‘The Daily Wrap:’ Wal-Mart, CVS, Amazon
Wal-Mart Prepares RFID Tagging Effort
Starting next month, Wal-Mart will reportedly place removable “smart tags” on individual garments that can be read by a hand-held scanner. Source: RIS News
CVS Revenues Drop
Drugstore retailer CVS reported a 3.5% drop in net revenues during Q2 fiscal 2010. CVS lowered its retail same store sales guidance for the year to a range of 2.0% to 3.5% from a range...
Continue Reading »
‘The Daily Wrap:’ Amazon, Dell, Delhaize
Amazon Q2 Sales Rise 41%
Online retailer Amazon.com grew Q2 fiscal 2010 net sales 41% to $6.57 billion, up from $4.65 billion. Operating income and net income also substantially increased year-over-year. Source: Amazon.com
Dell Outsources Logistics
Dell is selling its merge and fulfillment operation based in Nashville, TN to CEVA Logistics, a Dutch 3PL provider. The affected 480 employees have...
Continue Reading »
‘The Daily Wrap:’ TJX, Burger King, Amazon
TJX Heads North
Off-price retailer TJX Companies Inc. will open six Marshalls stores in Canada in 2011 with more stores possible in the long term. TJX believes the Canadian market can ultimately support 90-100 Marshalls stores. Source: TJX Companies Inc.
BK Introduces Kids’ Breakfast Meal
Fast food retailer Burger King will begin offering a kids; breakfast meal on July 26, 2010. The meal,...
Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Herrell’s, Frugal Shopping
Top 5 Social Retailers: Wal-Mart, Best Buy Lead List
It’s probably no surprise that Wal-Mart, the world’s largest retailer, is also a big player in the world of social retailing. The Bentonville-based giant leads the Top Five list of Social Retailing All-Stars compiled by RIS News. Source: RIS News
Herrell’s Plans Boston Return
Herrell’s, the ice cream chain that shuttered its Boston-area...
Continue Reading »
‘The Daily Wrap:’ Toys R Us, Amazon.com, Sears
Toys R Us Celebrates Christmas in July
Toy retailer Toys R Us is running a “Christmas in July” promotion from Sunday, July 18 through Saturday, July 24, 2010. Dozens of items at prices usually reserved for the holiday shopping season will be available at Toys R Us stores nationwide and online at Toysrus.com. Source: Toys R Us
Amazon Offers College Students Deal
Online retailer Amazon.com...
Continue Reading »