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‘The Daily Wrap:’ Staples, GameStop, Dollar General

Staples Grows North American Retail Sales 2%
Office supply retailer Staples, Inc. improved Q2 fiscal 2010 North American sales 2% in US currency. Comparable store sales for the second quarter of 2010 were flat versus the second quarter of
2009, reflecting increased customer traffic, offset by lower average order size. Source: Staples, Inc.

GameStop Goes Digital
Videogame retailer GameStop has...
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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:’ 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...
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‘The Daily-Wrap:’ Target, Walgreens, Kroger

Target Plans More P-Fresh Stores
Discount retailer Target plans to remodel 340 stores to fit its new “P-Fresh” grocery format this year. Target reformatted about 100 stores to P-Fresh in 2009. Source: Supermarket News

Walgreens Proceeds with Tobacco Suit
Drugstore retailer Walgreens has received permission from a California state appeals court to proceed with a lawsuit challenging a San...
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Barnes & Noble Rediscovers Sales Opportunity

With the financial performance of major booksellers suggesting significant declines in the reading rates of U.S. adults, book retailer Barnes & Noble has recently invested in new sales avenues such as e-books and college textbooks. Now Barnes & Noble is turning to out-of-print titles as a means of creating a new revenue stream.

According to Publishers Weekly, Barnes & Noble is launching a new...
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