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‘The Daily Wrap:’ Wal-Mart, Target, Nordstrom

Wal-Mart Grows Net Sales 3%
Discount retailer Wal-Mart Stores, Inc. increased net sales 2.8% to $103 billion in its Q2 fiscal 2011. Other quarterly results include growth in consolidated operating income and decline in U.S. comparable store sales. Source: Wal-Mart Stores, Inc.

Target Uproots Garden Centers
Discount retailer Target Corp. is closing all of its 262 garden centers due to lack of...
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‘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...
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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...
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‘The Daily Wrap:’ B&N, Best Buy, Nordstrom

B&N Q4 Sales Show Strength
Embattled book retailer Barnes & Noble reported an impressive 19% increase in Q4 2010 sales. E-commerce sales rose 51% for the quarter, although Barnes & Noble still reported declining same-store sales and a consolidated net loss. Source: Barnes & Noble

Best Buy, Sprint Partner on Mobile Broadband
Best Buy is teaming up with Sprint to offer its own mobile broadband...
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‘The Daily Wrap:’ McDonald’s, The Pantry, Facebook

McDonald’s Recalls ‘Shrek’ Glasses
Fast food retailer McDonald’s is recalling 12 million drinking glasses linked to a promotion of the film “Shrek Forever After” because they contain the toxic metal cadmium. Purchasers will be eligible for a refund. Source: Los Angeles Times

The Pantry Reports Interest in Sale of 74 Sites
Convenience store retailer The Pantry says it has received...
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‘The Daily Wrap:’ Target, Wal-Mart, Safeway

Target Boosts Quarterly Net Earnings
Discount retailer Target reported a significant increase in net earnings during Q1 fiscal 2010. Target also increased sales and gross margin rate. Source: Target Corporation

Wal-Mart Insists on Domestic Chip and PIN
Discount retailer Wal-Mart wants to transition credit and debit card approval at its U.S. stores from signature mag-stripe to automated Chip...
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‘The Daily Wrap:’ Kohl’s, Nordstrom, Giant Eagle

Kohl’s Opens 9 Stores
Department store retailer Kohl’s opened nine stores during Q1 fiscal 2010, bringing its total number to 1,067. Kohl’s reported quarterly increases in net income and sales. Source: Kohl’s Corporation

Nordstrom Earnings Rise 44%
Upscale department store retailer Nordstrom reported a 43.8 increase in net earnings during Q1 fiscal 2010. Same-store sales grew 12%, and...
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‘The Daily Wrap:’ Denny’s, Nordstrom, Social Media

Denny’s Adds 10 Stores
Casual dining chain Denny’s opened 10 new restaurants during Q1 2010, for a net addition of eight locations. New unit openings highlighted by four restaurants in Flying J Travel Centers and one university campus location in partnership with Sodexo. Source: Denny’s

Nordstrom Rack Takes Manhattan
Nordstrom is opening its first Manhattan store, an outlet of its...
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‘The Daily Wrap:’ Sears, B&N, Winn-Dixie

Sears Opens Golf Store-within-a-Store
Broadline retailer Sears Holdings opening 12 new specialty golf shops within existing Sears stores across the U.S. in 2010. Golf retailer Edwin Watts is partnering with Sears in the venture. Source: Sears Holdings Corporation

B&N Partners with Salon.com
Book retailer Barnes & Noble is partnering with news/entertainment website Salon.com. Barnes & Noble...
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‘The Daily Wrap’: Nordstrom, Organized Retail Crime, Target

“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.

Nordstrom Going Global
Upscale department store retailer is expanding its retail operations to 30 countries outside the U.S. via e-commerce. Source: RetailWire (reg. req’d.)

Fourth ORC Bill Introduced in Congress
Two Republican...
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