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‘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...
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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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‘The Daily Wrap:’ Publix, GameStop, Netflix

Publix Boosts Sales
Supermarket retailer Publix reported improved sales during Q2 fiscal 2010. Publix’ sales were $6.2 billion, a 3.4% increase from last year’s $6 billion, and comparable-store sales for the second quarter of 2010 increased 2.4%. Source: Publix

GameStop Follows Customers
Video game retailer GameStop wants to exploit the crossover between ‘core’ gamers at retail and...
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Women Dominate Online Coupon Sites

Data on visitors to online coupon sites shows that women clearly dominate their usage, according to comScore.

Overall Online Coupon Usage Higher among Women

A variety of statistics from “Women on the Web: How Women are Shaping the Internet” shows that women search for and use online coupons more frequently than men. Forty-two percent of women, compared to 34% of men, listed...
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Top May ‘10 Coupons: hotels.com, IHOP

An online coupon for $30 off a five-night booking with online travel service hotels.com and a printable coupon for a free entrée with the purchase of two entrees and two beverages at casual dining retailer IHOP were the top coupons in May 2010, according to [pdf] coupon aggregator RetailMeNot, which recently released its coupon data report for the month.

RetailMeNot’s report on top monthly...
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‘The Daily Wrap:’ Neiman Marcus, Wal-Mart, Finish Line

Neiman Marcus Has Strong Q3
Luxury retailer Neiman Marcus increased operating earnings 70% and turned a net loss into net earnings during Q3 2010. Total revenues and comparable revenues also increased. Source: Neiman Marcus Inc.

Rival Chains Fund Opposition to Wal-Mart
Large supermarket chains including Supervalu, Safeway and Ahold have retained Saint Consulting Group to help fund...
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‘Mass Mingling’ Brings Consumers Closer Together

Consumers are using social network-aided “mass mingling” to come closer together, both online and in the real world, according to consumer insights firm trendwatching.com.

Despite stereotypes of online media creating isolation for its users, trendwatching.com research finds hundreds of millions of people globally are living large parts of their lives online. Social media users are actively...
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13% of Online Consumers Buy Virtual Goods

A small but growing percentage of US consumers with internet access are buying virtual goods, according to a new study from PlaySpan and Magid Associates.

Virtual Goods Grow 8% in Popularity Since ‘09

As mentioned above, 13% of online consumers have bought virtual goods online in the past 12 months, representing a roughly 8% increase from 12% who had done so in 2009. Furthermore,...
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‘The Daily Wrap:’ Dell, KFC, Wal-Mart

Dell Credits Global Enterprise Growth for Strong Q1
Commercial customers increased their purchases of Dell’s enterprise solutions in the fiscal first quarter 2011, contributing to the company’s continued revenue, operating income and shipment growth. Net income grew 52%. Source: Dell

KFC Doubles Down
Based on strong consumer response, fast food retailer Kentucky Fried Chicken is extending...
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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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