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‘The Daily Wrap:’ Amazon, Sears, Gymboree
Amazon Confirms 1-Click Patent
Following a four-year re-examination, the U.S. Patent Office is confirming online retailer Amazon.com’s patent on its single-click purchase technology. The patent, set to expire in 2017, has been challenged by multiple parties since it was initially filed in 1997. Source: TechFlash
Sears Spreads Mygofer Pilot
Broadline retailer Sears is expanding the pilot of...
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Fast Food Chains Target High Unemployment - Update
State unemployment rates moderately increased in January 2010, with 30 states and the District of Columbia reporting over-the-month increases, nine registering decreases, and 11 having no significant rate change.
The official U.S. unemployment rate dropped from 10% to 9.7% during the month, accompanied by a decrease in the number of non-farm payroll jobs lost from 85,000 to 20,000. In a...
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State of US Same-Store Sales - Feb. 2010 Data Update and Full-Year Outlook
Retailer Daily has compiled comparable store sale data from the SEC filings of 26 major US retailers spanning several years, up to the most recently released February 2010 numbers. The data excludes fuel sales (which would have distorted numbers because of high gas inflation, then deflation, in 2008) and is available in Excel format from the link below:
Department Store Chart: US...Continue Reading »
‘The Daily Wrap:’ Radio Shack, Best Buy, Starbucks
Private Equity Firm Considers Buying Radio Shack
Private equity firm Apollo Management and at least one other unnamed private equity company are rumored to be considering a purchase of consumer electronics retailer Radio Shack. Neither Apollo or Radio Shack has commented. Source: Fort Worth Star-Telegram
Best Buy Readies On-Demand Video
Consumer electronics retailer Best Buy is preparing to...
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‘The Daily Wrap:’ Best Buy, Kroger, Sears
Best Buy Reorganizes along Global Lines
Consumer electronics retailer Best Buy has created separate regional structures for The Americas, Europe and Asia, and has appointed new presidents to support them. All regional presidents will report to Best Buy CEO Brian Dunn. Source: TWICE
Kroger Lays Off Pharmacy Employees
Supermarket retailer Kroger has laid off 93 part-time pharmacy employees...
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‘The Daily Wrap:’ JCPenney, Best Buy Europe, Ace Hardware
JCPenney Sales Fall, Operating Income Rises
Department store retailer J.C. Penney Company, Inc. reported declining net sales, but rising operating income, for the fourth quarter and full fiscal year 2009. JCPenney expects comparable store sales to increase in the low single digits during fiscal 2010. Source: J.C. Penney Company, Inc.
Best Buy Europe Targets Home Repair Retailer
Best Buy...
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‘The Daily Wrap:’ Home Depot, Wal-Mart Canada, CVS
Home Depot Commercializes Parking Lots
Home improvement retailer The Home Depot intends to place acre-sized businesses such as fast food restaurants, banks and auto parts stores in about 500 of its store parking lots. Home Depot is seeking ways to increase the revenue its real estate portfolio generates. Source: Sacramento Bee
Wal-Mart Canada Plans Sustainable Product Index
Discount retailer...
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Best Buy Mobilizes Marketing
Consumer electronics retailer Best Buy Co., Inc. is aggressively expanding its mobile marketing efforts. According to Mobile Commerce Daily, Best Buy is using a variety of tools and approaches to reach customers via mobile device.
Best Buy Employs Mobile Site, Apps
Best Buy is employing a mobile website, SMS texting, banner ads, and mobile applications to reach out to mobile consumers. During...
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‘The Daily Wrap’: Apple, Best Buy, Dollar Tree
Apple Revamps Store Operations
Apple is changing the hierarchy of its store employee structure to provide more experience at the bottom level and more strategic insight at the higher level. Apple stores will now have an entry-level associate position with a 24-month training period, as well as a market leader who provides vision and inspiration and a store leader who serves as a coach and...
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‘The Daily Wrap’: Best Buy, Costco, Ann Taylor
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.
Best Buy Plans Magnolia Design Center Concept
Consumer electronics retailer Best Buy is launching a new Magnolia design center store-within-a-store concept on February 26, 2010 in a Costa Mesa, CA store. The new design center is geared...
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