Subscribe to Retailer Daily
Archives » Macy's
‘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...
Continue Reading »
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...
Continue Reading »
‘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...
Continue Reading »
‘The Daily Wrap:’ Macy’s, Walgreens, Gap
Macy’s Improves Q2 Sales
Upscale department store retailer Macy’s, Inc. improved sales 7.2% during Q2 fiscal 2010. Macy’s also increased online sales 28.1% during the quarter. Source: Macy’s, Inc.
Walgreens Addresses Chicago Food Deserts
Drugstore retailer Walgreens is offering new expanded food selection in several Chicago communities identified as food deserts, or areas that lack access to...
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:’ 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:’ 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 »
‘The Daily Wrap:’ AutoZone, Toys R Us, Sears
AutoZone Eyes Store Openings
Auto parts retailer AutoZone plans to open stores in major U.S. cities including Boston, Chicago and New York. AutoZone will open 140-160 new stores nationwide between August 2010 and August 2011, favoring organic growth rather than purchasing stores from a competitor. Source: Bloomberg
Toys R Us Net Sales Rise 5.3%
Toy retailer Toys R Us reported Q1 fiscal 2010...
Continue Reading »