Subscribe to Retailer Daily
Archives » Gap
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:’ 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...
Continue Reading »
Top Jan. ‘10 Coupons: Kohl’s, Gap
An online coupon for free shipping at Kohl’s and a printable coupon for 20% off a total purchase at Gap were the most popular coupons for the second straight month in January 2010, according to [pdf] coupon aggregator RetailMeNot, which recently released its coupon data report for the month.
RetailMeNot’s report on top monthly coupons separately reports its online and printable-coupon...
Continue Reading »
‘The Daily Wrap:’ Safeway, Gap, Wal-Mart
Safeway Reports $1.6B Net Loss
Supermarket retailer Safeway reported a Q4 fiscal 2009 net loss of $1.6 billion. Safeway also reported quarterly declines in total sales and gross profit. Source: Safeway Inc.
Gap Eyes Italy
Department store retailer Gap Inc. plans to enter the Italian market in 2010 with flagship Gap and Banana Republic Stores in Milan. Gap intends to open further stores in...
Continue Reading »
‘The Daily Wrap:’ Gap, Wal-Mart, Starbucks
Gap Launches Denim Lifecycle Strategy
Department store retailer Gap is attempting to capture customers’ denim business from birth onward with the launch of a new denim collection especially for its babyGap banner, with infant and toddler jeans styled to look like adult jeans. A premium denim line launched last year for adults has proven successful. Source: BNet
Wal-Mart Enters Concert Tix...
Continue Reading »
Retailers Send Mixed Signals on U.S./Canadian Store Closings
Although U.S. and Canadian retailer store closings did not reach the levels many experts predicted in 2009, as many as 6,000-8,000 stores could close in the first half of 2010. According to RIS News, the cost-cutting that allowed retailers to keep stores open in 2009 will not be enough to sustain current store levels next year.
Retailers will need a positive holiday shopping season this year...
Continue Reading »
‘The Daily Wrap’: Gap, Dollar General, Borders
“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.
Gap Q3 Earnings Rise 25% [pdf]
Specialty apparel retailer Gap Inc. increased quarterly net earnings by 25% in the third quarter of fiscal 2009. Net sales rose 8.4% and comparable store sales were flat for the quarter. Source: Gap Inc.
‘The Daily Wrap’: Walgreens, 7-11, Weis
“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.
Walgreens Relaunches Health Corner Website
Drugstore retailer Walgreens has relaunched Healthcornertv.com, an informational website featuring more than 1,200 videos on 65 health and wellness topics. The site augments the Walgreens-sponsored...
Continue Reading »
Gap Strikes Back
Struggling department store retailer Gap Inc. presented investors with an update on strategies to regain market share and invest further in its online and international businesses at its annual investor meeting. Gap is hoping activities such as store remodeling, TV advertising and assortment adjustments will help bring customers back to the fold.
Gap Inc., the parent company of the Gap, Old...
Continue Reading »
‘The Daily Wrap’: Top Headlines, Sept. 14, 2009
“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.
Gap Opens Pop-up Store to Celebrate 40th Anniversary
U.S. apparel retailer Gap marked its 40th anniversary by opening a two-floor pop-up store off Regent Street in London last Thursday. Gap has also opened an anniversary pop-up store in Los...
Continue Reading »