- Mark Levin Signs Multi-year Deal with ABC, Expands Show to 3 Hours
- Consumerist.com Adopted by Old-School Consumers Union, Stops Selling Ads
- For Auto Industry, 2009 Holds Even Tighter Ad Budgets
- User-Generated Magazine Publisher 8020 Media Shuts Doors
- Out-of-Home, Fueled by Digital, to Weather Recession Well
- Clear Channel Swaps Cincy Stations for Five in Green Bay
- Consumers Swarm to Discounters for Grocery Items, Don’t Switch Back
- Wikimedia Raises $6.2M to Keep Wikipedia Afloat
- Conde Nast’s Jan. Ad Pages Slip More than Most
- Aegis Faces Possible Sale or Spin-off of Non-core Businesses
- Top US Cities for Charitable Givers, by Category
- Online Fitness, Video Game Spending Outperforms Brick-And-Mortar
- RIM Must Fix Glitches, Boost Satisfaction To Hold Off iPhone
- LCD TV Revenue to Fall YoY for First Time Ever
- Top 10 Broadcast Media Websites - November 2008
- Top 10 Entertainment Online Advertisers by Image-Based Impressions - November 2008
- Top 10 Sports Websites - November 2008
- Eight in 10 Online Holiday Shoppers Read Web Reviews
- Top 40 Online Retail Satisfaction Index: Merry Outlook for Some, but Not Others
- Firefox Share Tops 20% in November
Lowe’s
State of U.S. Same Store Sales - November 2008 Data Update
RetailerDaily has compiled comparable store sale data from the SEC filings of ten major U.S. retailers spanning 2007 and 2008 up to the most recently released November numbers. The data excludes fuel sales (which would have distorted numbers because of high gas inflation in 2008) and is available in Excel format from the link below:
Among the highlights this year, Wal-Mart shows more...
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Home Depot, Lowe’s Report Sinking Profits
The home improvement sector - one of the first to feel the bite of the downturned economy - continues to suffer from lower demand for home products as consumer spending nears a freeze, writes MarketWatch.
Home Depot, the biggest home improvement retailer, reported a 31% drop in third-quarter net income, from $1.09 billion ($0.60/share) in 3Q07 to $756 million ($0.45/share). Overall, sales fell...
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Lowe’s Proceeds with Caution
Lowe’s profit forecast and expansion plans reflect the home-improvement retailer’s cautious outlook for the coming year, writes MarketWatch.
The declining housing market and slowdown in consumer spending - particularly on home-related items - have given Lowe’s reason to doubt its ability to meet FactSet Research’s 2009 profit outlook of $1.57 a share. The company instead gave a broad estimate,...
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Lowe’s Pitches in for Hurricane Gustav Relief
Lowe’s is helping out with Hurricane Gustav relief efforts on the Gulf Coast and has packed truckloads of emergency home supplies in preparation for Hurricane Hanna later this week.
Lowe’s has thus far closed about 30 of its stores in coastal Louisiana, Mississippi and Texas, and more than 70 in total in the Gulf Coast region. They will reopen “as soon as it is safe to do so,” assured president...
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Lowe’s Beats Expectations, but Still Down 8%
Lowe’s quarterly profit was at better-than-expected levels ($938 million, or 64 cents a share) but still fell 7.9%, hurt by the housing market downturn, Reuters reports.
Total sales were up 2.4% to $14.5 billion, due to the change in season that stimulated outdoor improvements, such as lawns and gardens.
Sales at stores open at least a year fell 5.3%, though, as big-ticket projects like kitchen...
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Top 100 Retailers List Announced
Technology and entertainment companies were common newcomers to STORES magazine’s Top 100 Retailers list, as Apple Stores/iTunes (#52), Dell Retail (#56), Verizon Wireless (#61), and AT&T Wireless (#81) made their debut, the NRF said.
The annual list ranks companies by revenue in one grouping regardless of the segment or segments in which they operate.
Wal-Mart held its No. 1 position - where...
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