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‘The Daily Wrap:’ Target, Kroger, Netflix
Black Friday Comes Early to Target.com
Discount retailer Target is running a special early “Black Friday” promotion this Friday, July 23 on its e-commerce site. Target will offer holiday-like savings on hundreds of online items. Source: Target Corporation
Kroger to Expand FoodsCo
Supermarket conglomerate Kroger will open two new stores under its FoodsCo banner in the Oakland, CA market....
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‘The Daily Wrap:’ Wal-Mart, Lowe’s, Amazon
Wal-Mart Plans Grocery Format in Sacramento
Wal-Mart intends to purchase a number of smaller-sized retail stores in the Sacramento, CA market and turn them into 40,000-square-foot neighborhood stores selling grocery items. The stores will directly compete with existing low-price supermarkets. Source: Sacramento Bee
Lowe’s Denied MA Store
Home improvement retailer Lowe’s has been denied...
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‘The Daily-Wrap:’ Target, Walgreens, Kroger
Target Plans More P-Fresh Stores
Discount retailer Target plans to remodel 340 stores to fit its new “P-Fresh” grocery format this year. Target reformatted about 100 stores to P-Fresh in 2009. Source: Supermarket News
Walgreens Proceeds with Tobacco Suit
Drugstore retailer Walgreens has received permission from a California state appeals court to proceed with a lawsuit challenging a San...
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‘The Daily Wrap:’ Kohl’s, Sears, Amazon
Kohl’s Considers Canada
Department store retailer Kohl’s is said to be scouting out locations in Canada in a preliminary look at expanding there. Canada would be Kohl’s first market outside the U.S. Source: Toronto Globe and Mail
Sears Will Be Unrecognizable After Transformation
Sears announces a major business transformation project which includes massive online expansion plans as well...
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‘The Daily Wrap:’ Macy’s, Gap, Kroger
Localization Drives Macy’s Growth
Upscale department store retailer Macy’s is crediting is MyMacy’s merchandise localization initiative with driving strong fiscal Q1 2010 results. Macy’s plans for this year include integrating the macys.com and bloomingdales.com websites and opening new formats and international locations of its Bloomingdales luxury banner. Source: Macy’s, Inc.
‘The Daily Wrap:’ Seattle’s Best, Macy’s, McDonald’s
Seattle’s Best Rebrands
Seattle’s Best Coffee, a division of coffee retailer Starbucks, is undergoing a rebranding initiative that includes increasing distribution points from the current 3,000 to 30,000, including grocery stores, cruise ships and movie theaters, by September 2010. Seattle’s Best is also introducing a new logo. Source: Starbucks
Macy’s Launches Tourist Site
Upscale...
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‘The Daily Wrap:’ Wal-Mart, Apple, Trader Joe’s
Wal-Mart Sees US Expansion Potential
Discount retailer Wal-Mart sees greater potential for store expansion in the U.S. than in China, Russia and India combined. Walmart believes it could add between $80-$100 billion in sales in markets where it is currently under-represented, such as many urban areas. Source: Financial Times
Apple Files iTunes Live Trademark
Apple has filed a trademark for the...
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‘The Daily Wrap:’ Best Buy, Amazon, Burlington Coat Factory
Best Buy UK Store Opening Biggest Ever
Consumer electronics retailer Best Buy had its most successful store opening weekend ever by sales volume at its new store in Thurrock, UK. Best Buy did not report record profit or revenue, suggesting deep discounts helped drive traffic and sales. Source: engadget
Amazon Plans New DC
Online retailer Amazon.com is opening a 600,000-square-foot distribution...
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‘The Daily Wrap:’ Publix, Apple, WinCo
Publix Grows Q1 Sales
Supermarket retailer Publix reported Q1 2010 sales of $6.5 billion, a 2.1% increase from last year’s $6.4 billion. Comparable-store sales for the first quarter of 2010 increased 0.9%. Source: Publix
Apple Sells 1M iPads
Apple Inc. says it has sold 1 million iPads since introducing them April 2, 2010. This is twice the initial sales volume of the iPhone. Source: MSNBC
‘The Daily Wrap:’ Amazon.com, McDonald’s, B&N
Amazon Sales Rise 46%
Online retailer Amazon.com reported a 46% rise in net sales during Q1 2010. Other impressive quarterly results included a 62% increase in operating income and 68% jump in net income. Source: Amazon.com
McDonald’s Refreshes Ad Campaign
Fast food retailer McDonald’s is updating its seven-year-old “I’m Lovin’ It” advertising campaign. New TV spots will end with...
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