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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:’ Publix, Walgreens, Marks & Spencer
Publix Increases Sales, Net Earnings
Supermarket retailer Publix reported increases in sales and net earnings for both Q4 and fiscal year 2009. Comparable store sales declined 2.5% during the fourth quarter. Source: Publix
Walgreens Restructures Health Care Divisions
Drugstore retailer Walgreens is strategically restructuring its health care divisions to enable the company to offer integrated...
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‘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...
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‘The Daily Wrap:’ JCPenney, Best Buy Europe, Ace Hardware
JCPenney Sales Fall, Operating Income Rises
Department store retailer J.C. Penney Company, Inc. reported declining net sales, but rising operating income, for the fourth quarter and full fiscal year 2009. JCPenney expects comparable store sales to increase in the low single digits during fiscal 2010. Source: J.C. Penney Company, Inc.
Best Buy Europe Targets Home Repair Retailer
Best Buy...
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‘The Daily Wrap’: Apple, Best Buy, Dollar Tree
Apple Revamps Store Operations
Apple is changing the hierarchy of its store employee structure to provide more experience at the bottom level and more strategic insight at the higher level. Apple stores will now have an entry-level associate position with a 24-month training period, as well as a market leader who provides vision and inspiration and a store leader who serves as a coach and...
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‘The Daily Wrap’: Borders, Coach, Sainsbury’s
“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.
Borders CEO Quits
Ron Marshall has resigned as president, CEO and director of book retailer Borders Group effective immediately, to become CEO of the Great Atlantic and Pacific Tea Company, which operates the A&P supermarket chain. Borders...
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Target and Wal-Mart Both Do Well in Consumer Rankings
Kohl’s and Target are the number one and two favorite fashion and accessory retailers among U.S. consumers when the number of retail locations are factored into the rankings, while Five Guys and Chik-fil-A are the top two fast-food choices when market size is considered, according to recently released research by Market Force Information.
Factoring Location into EquationWhen consumers were...
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‘The Daily Wrap’: Social Media, UK Retail Sales, JCPenney
“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.
Social Media Explodes
According to research by Euro RSCG, social media usage by American consumers is growing at unprecedented rates and changing every aspect of their lives. Retailers are advised to utilize social media tools to create...
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‘The Daily Wrap’: Disney, Giant Eagle, Holiday Hiring
“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.
Disney Stores More Like Disney World
The Walt Disney Company is remodeling 340 stores worldwide with assistance from the Apple retail operations group. Source: RetailWire [reg. req’d.]
Giant Eagle Launches Road Tour
The “Giant Eagle...
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JCPenney Pilots Next Step in Mobile Coupons
Department store retailer JCPenney is piloting a new mobile coupon program at select stores in the Houston, Texas area that allows customers to download and carry coupons on their mobile phones that can be scanned directly from the phone’s display screen at the register. New imaging scanners capable of reading these 2-D barcode coupons have been deployed at point-of-sale registers in 16...
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