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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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Fast Food Retailers Unveil New Products, Promotions
Major fast food retail chains McDonald’s, Burger King and Wendy’s have all introduced new products and/or promotions in recent months, geared to boost sales. The fast food vertical has produced mixed same-store sales results in the past year, as detailed below.
McDonald’s Upgrades Stores, Introduces Iced Beverages
McDonald’s, the world’s leading fast food retailer, plans to upgrade 939 of its...
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‘The Daily Wrap:’ Blockbuster, Wal-Mart, Quiznos
Blockbuster Adds Games to Mail Service
Media entertainment retailer has added video games to its rental by mail service. Blockbuster says it is now the first entertainment company to offer rentals of games, movies, and TV shows for home delivery through a single subscription service. Source: Blockbuster, Inc.
Appeals Court Dismisses Objection to Wal-Mart Employees Wage and Hour Settlement
The...
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Cracker Barrel Receives High Consumer Marks
Cracker Barrel Old Country Store ranked highest with consumers in five of 10 family restaurant markets, according to [pdf] the newly released J.D. Power and Associates 2010 U.S. Restaurant Satisfaction Study.
The study includes satisfaction rankings for restaurant chains in 10 U.S. markets in three segments: casual, family and quick service. In each segment, four factors drive overall customer...
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‘The Daily Wrap:’ CVS, Publix, McDonald’s
CVS to Install DVD Kiosks
Drugstore retailer CVS will begin a national rollout of the redbox self-service DVD rental kiosks in Q3 2010, with 700 installations at CVS/pharmacy stores expected by the end of the year. Source: RIS News
Publix Tests Grocery Ordering
“Publix Curbside,” a test of online grocery ordering and it-store pickup, has debuted in one Atlanta Publix store and will soon...
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‘The Daily Wrap:’ Family Dollar, McDonald’s, Pizza Hut
Family Dollar Uses Ads to Retain Affluent Customers
Family Dollar, like many of its low-price discount competitors, saw a big business boom during the recession. More affluent customers flocked to their stores to save a little money. Now Family Dollar is working to keep those customers. Source: NPR
McDonald’s Enhances UK Cashless Payment
McDonald’s has signed a three-year agreement to provide...
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‘The Daily Wrap: Sears, Fuddruckers, Wal-Mart
Sears Launches Digital College Program
Sears and Kmart have launched the “Campus 2010” digital program, centered around a Facebook page called “Sears Campus Connection,” which provides several features that serve as a resource for teens in preparing for campus life. Features include a wish list, social shopping, and roommate interactions. Source: Sears Holdings Corporation
Luby’s Acquires...
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‘The Daily Wrap:’ McDonald’s, Applebee’s, GGP
McDonald’s Global Sales Drive Q2 Earnings
Fast food retailer McDonald’s Corporation reported a 15% increase in Q2 fiscal 2010 earnings, driven by 4.8% global comparable sales growth. McDonald’s also increased consolidated operating income 10%. Source: McDonald’s Corporation
Applebee’s Franchises 63 Restaurants
DineEquity, parent company of casual dining chain Applebee’s, will sell 63 corporate...
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‘The Daily Wrap:’ McDonald’s, SmartCo, KaBloom
McDonald’s Will Upgrade Wal-Mart Locations
Fast food retailer McDonald’s plans to upgrade 939 of its restaurants located inside Wal-Mart stores to boost lagging sales and profits. McDonald’s proposal would add fruit smoothies and frappes to these stores, as well as upgrade store technology. Source: Dow Jones
SmartCo Eyes CA, AZ Expansion
Non-membership warehouse grocery retailer Smart &...
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