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‘The Daily Wrap:’ 7-Eleven, Pizza Hut, Big Y

7-Eleven Makes Casey’s Bid
Convenience store retailer 7-Eleven has bid about $2.03 billion to purchase the Casey’s General Stores chain. Canadian convenience operator Alimentation Couche-Tard is trying to buy Casey’s in a slightly less lucrative hostile takeover attempt. Source: Chain Store Age

Pizza Hut Launches New Social Media Hub
For the first time ever, Pizza Hut will provide fans,...
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‘The Daily Wrap:’ B&N, Target, Wal-Mart

Barnes & Noble Digital Sales Improve
Book retailer Barnes & Noble, Inc. increased e-commerce sales by 42% in Q1 fiscal 2011. This performance helped drive a 21% increase in total sales for the quarter. Source: Barnes & Noble, Inc.

Target Launches Electronics Services
Discount retailer Target Corporation is introducing three new consumer electronics services that will provide guests with an...
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‘The Daily Wrap:’ Burger King, Toys R Us, Papa Murphy’s

Burger King Opens 249 Net Global Stores
Fast food hamburger retailer Burger King opened 249 net new global stores during its recently-concluded fiscal 2010, including 59 net new stores in the US. Global revenues dropped 1% during the fiscal year. Source: Burger King Holdings, Inc.

Toys R Us Selects Retail Sense
Toy retailer Toys R Us has selected the Retail Sense marketing communication...
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‘The Daily Wrap:’ B&N, Kroger, Texas Rangers

B&N Considers Sale
The board of directors of book retailer Barnes & Noble, Inc. intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. The board came to this decision based on the price of Barnes & Noble shares in the marketplace, which it believes are now significantly undervalued. Source: Barnes & Noble, Inc.

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‘The Daily Wrap:’ PetSmart, Whole Foods, Giant Eagle

PetSmart Debuts in Manhattan
Specialty pet supply retailer PetSmart is opening its first two Manhattan stores later this year. One store will open August 21, 2010 and one will open in November 2010. Source: PetSmart

Whole Foods Grows Quarterly Sales
Specialty organic supermarket retailer Whole Foods increased Q2 2010 sales 15%, to $2.2 billion. Comparable store sales increased 8.8%, or 6.3% on...
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‘The Daily Wrap:’ B&N, Gap, Starbucks

B&N Plans In-store Nook Promo
In September 2010, Barnes & Noble will begin an aggressive promotion of its Nook e-readers by building 1,000-square-foot boutiques in all of its stores, with sample Nooks, demonstration tables, video screens and employees who will give customers advice and operating instructions. Barnes & Noble sees the opportunity to promote the device in stores as a competitive...
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‘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,...
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‘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...
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‘The Daily Wrap:’ B&N, Best Buy, Nordstrom

B&N Q4 Sales Show Strength
Embattled book retailer Barnes & Noble reported an impressive 19% increase in Q4 2010 sales. E-commerce sales rose 51% for the quarter, although Barnes & Noble still reported declining same-store sales and a consolidated net loss. Source: Barnes & Noble

Best Buy, Sprint Partner on Mobile Broadband
Best Buy is teaming up with Sprint to offer its own mobile broadband...
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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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