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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:’ Blockbuster, Kroger, Borders
Blockbuster Bankruptcy in Works Could Shut 800 Stores
According to several published reports quoting sources familiar with the situation, struggling media entertainment chain Blockbuster will enter a “pre-planned” bankruptcy in mid-September 2010 that will allow it to restructure a debt load of nearly $1 billion, as well as escape leases on 500 to 800 of its worst-performing brick-and-mortar...
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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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‘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 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...
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‘The Daily Wrap:’ Nordstrom, Blockbuster, Gap
Nordstrom Net Earnings Rise 38%
Luxury retailer Nordstrom, Inc. reported a 38.6% increase in its Q2 fiscal 2010 net earnings. Other quarterly results included a 12.7% net sales increase and 8.4% boost in same-store sales. Source: Nordstrom, Inc.
Blockbuster Revenues Decline 20%
Media entertainment retailer Blockbuster Inc. reported a 19.6% decline in total revenues during Q2 fiscal 2010. Net...
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‘The Daily Wrap:’ B&N, Kroger, Texas Rangers
B&N Considers Sale
The board of directors of book retailer Barnes & Noble, Inc. intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. The board came to this decision based on the price of Barnes & Noble shares in the marketplace, which it believes are now significantly undervalued. Source: Barnes & Noble, Inc.
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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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