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‘The Daily Wrap:’ Dunkin’ Donuts, Sears, Toys R Us
Dunkin’ Donuts Opens 338 New Stores
Dunkin’ Donuts quickened the pace of new store openings this year, with 338 net new locations unveiled worldwide during the first six months, compared with just 175 new shops during the same period last year. Source: Boston Globe
Sears Unveils Craftsman Experience
Broadline retailer Sears Holdings Corporation is opening its first interactive “Craftsman...
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6 in 10 North American Consumers Buy More Private Label
Sixty percent of North American consumers purchased more private label goods in Q1 2010 due to the economic downturn, according to new data from The Nielsen Company.
North America Ties Global Average
The percentage of North American consumers increasing their private label purchases matched the global average for Q1 2010, and also matched the percentage in Asia-Pacific....
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‘The Daly Wrap:’ Starbucks, Wal-Mart, Supervalu
Starbucks Reports 10% Revenue Growth
Coffee retailer Starbucks Corporation reported results from its recently ended Q3 fiscal 2010 including 10% net revenue growth, driven by a 9% increase in global comparable store sales. Starbucks projects it will open 250 net new stores globally by the end of fiscal 2010 and 500 net new stores globally during fiscal 2011. Source: Starbucks Corporation
‘The Daily Wrap:’ Gap, Best Buy, Giant Eagle
Gap Eyes 4 New China Stores
Department store retailer Gap Inc. plans to open four new stores in China this year, its first stores in the country, as well as an e-commerce site. Gap intends to open more new China stores, including locations such as Hong Kong, in 2011. Source: Bloomberg
Best Buy Opens 3rd UK Store Tomorrow
Consumer electronics retailer Best Buy will open its third UK store in...
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‘The Daily Wrap:’ McDonald’s, The Pantry, Facebook
McDonald’s Recalls ‘Shrek’ Glasses
Fast food retailer McDonald’s is recalling 12 million drinking glasses linked to a promotion of the film “Shrek Forever After” because they contain the toxic metal cadmium. Purchasers will be eligible for a refund. Source: Los Angeles Times
The Pantry Reports Interest in Sale of 74 Sites
Convenience store retailer The Pantry says it has received...
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‘The Daily Wrap:’ Quiznos, Best Buy, TJX
Quiznos Plans 600 New Stores
Fast food sandwich chain Quiznos plans to open up to 600 new stores across the US by the end of 2010. The stores, which will include franchised and corporate locations, are expected to create more than 7,500 new jobs. Source: RestaurantNews.com
Best Buy Provides Same-day Access to New Films
Best Buy is introducing a new digital video service, CinemaNow, which will...
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Women in Mature Economies Control Household Spending
Women in mature economies perform most household chores and control most household spending, according to [pdf] a new book from Boston Consulting Group.
Women in Mature Economies Consume Household Goods
Women in mature economies have problems with population replacement, poverty and domestic violence, according to “Women Want More.” However, women in these...
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Status Moves beyond Consumption
The definition of status is diversifying and moving beyond simple consumption, according to consumer insights firm trendwatching.com.
Although the need for status is at the heart of every consumer trend, in mature consumer societies (such as the US), consumers are moving beyond owning the most and/or priciest items. Status is now also tied to less tangible symbols such as acquired skills,...
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Remote Mobile Payment Market Poised for Growth
Remote mobile payment for both physical and digital goods should substantially grow in popularity during the next several years, according to [pdf] a new whitepaper from Juniper Research.
“Checkout the Mobile Payment Opportunity” defines mobile payment as “payment for goods or services with a mobile device such as a phone, Personal Digital Assistant (PDA), or other such device.” Focusing on...
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Chinese Market Ages
Although China’s market potential is unmatched, the aging of its population presents retailing challenges, according to The Nielsen Company.
Population Growth Slows, Will ShrinkGreater China today accounts for nearly one in five persons living on the face of Earth, almost 1.4 billion people. Shanghai alone has more than 17 million people, more than live in the US cities of New York, Los...
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