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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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‘The Daily Wrap:’ Ikea, Best Buy, Johnny Rockets
Ikea Expands in China
Home furnishing retailer Ikea, which is speeding up its expansion in China, plans to open four new stores across the country during the next two years. Ikea will open its second store in Shanghai next year and open locations in Tianjin and Wuxi, as well as its second store in Beijing, in 2012. Source: China Daily
Best Buy Names Chief Design Officer
Consumer electronics...
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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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Retailers Target Urban Northeast, Mid-Atlantic - Update
A look at new store openings and announcements in July 2010 shows retailers targeting states in the Northeast and Mid-Atlantic regions of the U.S., where unemployment rates are equal to or better than the national average of 9.5%, for the second straight month. Unlike June 2010, in July retailers specifically targeted urban areas of these states.
For example, discount retailer Target opened its...
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Gasoline Fuels Retail Sales Growth - Update
According to the July 2010 Advance Monthly Retail Trade Survey from the U.S. Census Bureau, U.S. retail and food service sales rose 0.4% on a monthly basis and 5.5% on a yearly basis.
In July 2010, U.S. retail and food service sales totaled $362.7 billion, compared to $361.2 billion in June 2010 and $343.4 billion in July 2009. On a monthly basis, this reverses two straight sales decrease,...
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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:’ Amazon, Dell, Delhaize
Amazon Q2 Sales Rise 41%
Online retailer Amazon.com grew Q2 fiscal 2010 net sales 41% to $6.57 billion, up from $4.65 billion. Operating income and net income also substantially increased year-over-year. Source: Amazon.com
Dell Outsources Logistics
Dell is selling its merge and fulfillment operation based in Nashville, TN to CEVA Logistics, a Dutch 3PL provider. The affected 480 employees have...
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Enivronmental Update: Kohl’s, Office Depot, Seafood Sustainability
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.
Kohl’s, Office Depot Add More Energy-efficient Stores
Continuing on their path to save energy and cut costs at their retail stores, Kohl’s Department Stores and Office Depot have recently added to their portfolio 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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