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State of US Same-Store Sales - July 2010 and Quarterly 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 July 2010 and quarterly numbers. The data excludes fuel sales and is available in Microsoft Excel format from the link below:
Indications from July 2010 and the most recent quarterly same-store sales results across several verticals...
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Store Openings and Closings Update - August 2010
A comparison of store openings and closings by leading retailers in several major verticals shows that the recession has had a varying impact on retail store growth strategies.
Discounters Slow Down Domestic Store ExpansionIn a plan issued April 2010, discount retailer Wal-Mart said it intends to grow in major metropolitan markets domestically, with new formats while making existing formats...
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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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‘The Daily Wrap:’ Macy’s, Walgreens, Gap
Macy’s Improves Q2 Sales
Upscale department store retailer Macy’s, Inc. improved sales 7.2% during Q2 fiscal 2010. Macy’s also increased online sales 28.1% during the quarter. Source: Macy’s, Inc.
Walgreens Addresses Chicago Food Deserts
Drugstore retailer Walgreens is offering new expanded food selection in several Chicago communities identified as food deserts, or areas that lack access to...
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‘The Daily Wrap:’ Family Dollar, McDonald’s, Pizza Hut
Family Dollar Uses Ads to Retain Affluent Customers
Family Dollar, like many of its low-price discount competitors, saw a big business boom during the recession. More affluent customers flocked to their stores to save a little money. Now Family Dollar is working to keep those customers. Source: NPR
McDonald’s Enhances UK Cashless Payment
McDonald’s has signed a three-year agreement to provide...
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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:’ Wal-Mart, CVS, Amazon
Wal-Mart Prepares RFID Tagging Effort
Starting next month, Wal-Mart will reportedly place removable “smart tags” on individual garments that can be read by a hand-held scanner. Source: RIS News
CVS Revenues Drop
Drugstore retailer CVS reported a 3.5% drop in net revenues during Q2 fiscal 2010. CVS lowered its retail same store sales guidance for the year to a range of 2.0% to 3.5% from a range...
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Dept. Stores Launch Ambitious Programs
Buoyed by generally strong same-store sales performance in the past year, department store retailers are launching a variety of ambitious new programs. Following is a brief overview of recent same-store sales and new or newly announced efforts from Kohl’s, Macy’s, JCPenney, Gap and Sears through June 2010.
Kohl’s Opens New StoresBetween June 2009 and June 2010, Kohl’s reported two months of...
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‘The Daily Wrap:’ CKE, Borders, Blockbuster
Equity Firm Completes CKE Buyout
Columbia Lake Acquisition Holdings, an affiliate of Apollo Management VII LP, has completed its estimated $694 million acquisition of CKE Restaurants, Inc., which runs the Carl’s Jr. and Hardee’s fast food chains. CKE operates and franchises 3,141 restaurants in 42 states. Source: Business Week
Borders Sells UK Subsidiary
Book retailer Borders Group has...
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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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