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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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Supermarket Vertical Produces Varying Results
The strikingly different same-store sales performance of national supermarket chains Kroger and Supervalu reflect the upheaval the supermarket vertical is undergoing. Pressure from discount chains (especially Wal-Mart), warehouse clubs and dollar stores is producing varied results among different operators.
Kroger Dominates, Expands MarketsKroger has reported at least moderate growth in every...
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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:’ Starbucks, Movie Gallery, Best Buy
Starbucks Readies Free Wi-Fi
Coffee retailer Starbucks will offer free wireless internet service at all corporate-owned stores in the US beginning July 1, 2010. Access will be available without a Starbucks card, user name/password, or time limit. Source: Starbucks Corporation
Movie Gallery Canada Closes Stores
Canadian media entertainment retailer Movie Gallery Canada is closing 131 Movie...
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‘The Daily Wrap:’ Family Dollar, Kroger, Fresh & Easy
Family Dollar Q2 Income Rises 33%
Dollar store retailer Family Dollar reported a 33.4% increase in Q2 fiscal 2010 net earnings. Quarterly sales rose about 5%. Source: Family Dollar
Kroger Closes 20 Health Clinics
Supermarket retailer Kroger has closed 20 of its Little Clinic in-store health clinics. Kroger says it remains focused on strengthening the Little Clinic business model. Source:...
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Hispanics Create More than Half of Food Growth
Hispanics have become the most important U.S. demographic growth driver in the food, beverage and restaurant sectors, according to data from Hispanic market research firm Latinum Network.
Hispanics Outspend All Other Groups in FoodThe U.S. Hispanic segment made up more than 50% of real U.S. food, beverage and restaurant growth between 2005 and 2008, generating $52 billion of new...
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Multi-Generational Households Return
The multi-generational family household has been returning in the US since 1980 and at an accelerated pace during the current recession, according to the Pew Research Center.
Share of Population in Multi-Generational Household Reaches Pre-1960 Level
In 2008, an estimated 49 million Americans, or 16% of the population, lived in a family household that contained at...
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‘The Daily Wrap:’ 7-Eleven, Apple, GameStop
7-Eleven Tailors Private Label Goods for Hispanics
Convenience retailer 7-Eleven is reportedly developing private-label food items tailored for Hispanic consumers. 7-Eleven will sell the goods in its Mexican stores and in U.S. stores with a large Hispanic customer segment. Source: Supermarket News
The Magic of 285 Apple Stores
Mac market share appears to grow in rough correlation with global...
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‘The Daily Wrap:’ Staples, B&N, Costco
Staples Launches B2B Site
Staples Advantage, the business-to-business division of office supply retailer Staples, Inc., has launched a new web site, StaplesAdvantage.com, to address what the company calls customers’ growing demands for supplier consolidation and reduced procurement costs. Current and prospective customers can view the full scale of Staples Advantage’s products and services....
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Minority Growth Represents Retail Opportunity
The increasing percentage of the U.S. demographic profile represented by ethnic minorities presents an opportunity to retailers, according to The Nielsen Company. In particular, retailers who sell CPG products and/or engage in mobile retailing can benefit from shifting U.S. demographics.
Minority Growth Offers CPG Potential
By 2050, more than half of the U.S. population will be non-white...
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