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‘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....
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Retail Email Volume Grows 8% Annually in August
Top online retailers sent each of their subscribers 2.6 promotional emails on average during the week ending August 27, 2010, according to Chad White, research director at Responsys and author of the Retail Email Blog. That’s down 8% week-over-week, down 3% from where it was four weeks ago, and up 8% year-over-year.
Except for a notable spike during the week ending August 20, when top online...
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Mature Consumers Appreciate Brand Daring
A growing audience of experienced, less-easily shocked, outspoken consumers appreciate brands that are a little bit more daring and outspoken, according to consumer insights firm trendwatching.com.
The Rise of ‘Maturialism’trendwatching.com has dubbed this growing consumer trend “Maturialism.” According to trendwatching.com, consumers of today no longer tolerate being treated like...
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‘The Daily Wrap:’ Ikea, Best Buy, Johnny Rockets
Ikea Expands in China
Home furnishing retailer Ikea, which is speeding up its expansion in China, plans to open four new stores across the country during the next two years. Ikea will open its second store in Shanghai next year and open locations in Tianjin and Wuxi, as well as its second store in Beijing, in 2012. Source: China Daily
Best Buy Names Chief Design Officer
Consumer electronics...
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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:’ Dell, Google, Rue La La
Dell Grows Revenue 22%
Online consumer electronics retailer Dell increased total company revenue 22% in Q2 fiscal 2010. Operating income grew 11%. Source: Dell Inc.
Google Acquires Like.com
Google has acquired Like.com, a visual search engine for shoppers. Terms of the deal were not disclosed. Source: Like.com
Rue La La Fashions a Niche
The first e-mail notifying Rue La La members about...
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‘The Daily Wrap:’ Target, Starbucks, Fresh & Easy
Target Grows Retail Sales 4%
Discount retailer Target Corporation increased retail sales 3.8% in Q2 fiscal 2010. Gross margin slightly grew from 31.9% to 32%. Source: Target Corporation
Starbucks Seeks More Products in Grocery Stores
Starbucks Corp. is planning to use its coffee shops as a testing ground to get more products into grocery stores, according to a growth plan Chief Executive...
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‘The Daily Wrap:’ Wal-Mart, Target, Nordstrom
Wal-Mart Grows Net Sales 3%
Discount retailer Wal-Mart Stores, Inc. increased net sales 2.8% to $103 billion in its Q2 fiscal 2011. Other quarterly results include growth in consolidated operating income and decline in U.S. comparable store sales. Source: Wal-Mart Stores, Inc.
Target Uproots Garden Centers
Discount retailer Target Corp. is closing all of its 262 garden centers due to lack of...
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Drugstore Retailers Draw Crowds with Tech, Assortments, Discounts
Major drugstore chains are using mobile alerts, loyalty programs and expanded assortments to boost same-store sales. In addition, leading U.S. drugstore retailers CVS and Wal-Mart are comfortable enough with their sales at existing stores to undergo major acquisition efforts.
Walgreens Tests Chilled Foods, Text AlertsWalgreens will conduct a test of chilled foods at up to 50 stores this fall....
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‘The Daily Wrap:’ Nordstrom, Blockbuster, Gap
Nordstrom Net Earnings Rise 38%
Luxury retailer Nordstrom, Inc. reported a 38.6% increase in its Q2 fiscal 2010 net earnings. Other quarterly results included a 12.7% net sales increase and 8.4% boost in same-store sales. Source: Nordstrom, Inc.
Blockbuster Revenues Decline 20%
Media entertainment retailer Blockbuster Inc. reported a 19.6% decline in total revenues during Q2 fiscal 2010. Net...
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