Subscribe to Retailer Daily
Archives » JCPenney
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...
Continue Reading »
‘The Daily Wrap:’ JCPenney, Starbucks, Amazon.com
JCPenney Produces Net Income
Department store retailer J.C. Penney Company, Inc. reported net income of $14 million in Q2 fiscal 2010, compared to a break-even net income result a year earlier. JCPenney also reported increased store and internet sales. Source: J.C. Penney Company, Inc.
Starbucks Plans Digital Network
Coffee retailer Starbucks is in the midst of developing a “Digital...
Continue Reading »
‘The Daily Wrap:’ Netflix, Meijer, Levi’s
Netflix Plans Android App
Online movie rental retailer Netflix is reportedly hiring Android developers for the development of an official Android app. The app will allow users to steam Netflix Watch Instantly content. Source: TheNextWeb
Meijer Opens Replacement for Original Store
Midwestern discount retailer Meijer has opened a replacement for its original location in Grand Rapids, MI. The new...
Continue Reading »
July Chain Store Sales Rise Less than Expected
U.S. chain‐store sales for July 2010 rose by 2.8% on a year‐over‐year basis, according to [pdf] the International Council of Shopping Centers (ICSC) and Goldman-Sachs. This performance was below ICSC’s expectation for industry sales growth of 3‐4%.
High-end Retailers Do Better
Considering that in July 2009, chain store sales decreased 5.1%, last month’s growth...
Continue Reading »
‘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...
Continue Reading »
‘The Daily Wrap:’ Publix, GameStop, Netflix
Publix Boosts Sales
Supermarket retailer Publix reported improved sales during Q2 fiscal 2010. Publix’ sales were $6.2 billion, a 3.4% increase from last year’s $6 billion, and comparable-store sales for the second quarter of 2010 increased 2.4%. Source: Publix
GameStop Follows Customers
Video game retailer GameStop wants to exploit the crossover between ‘core’ gamers at retail and...
Continue Reading »
‘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...
Continue Reading »
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...
Continue Reading »
‘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...
Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Lowe’s, Amazon
Wal-Mart Plans Grocery Format in Sacramento
Wal-Mart intends to purchase a number of smaller-sized retail stores in the Sacramento, CA market and turn them into 40,000-square-foot neighborhood stores selling grocery items. The stores will directly compete with existing low-price supermarkets. Source: Sacramento Bee
Lowe’s Denied MA Store
Home improvement retailer Lowe’s has been denied...
Continue Reading »