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State of US Same-Store Sales - August 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 August 2010 and quarterly numbers. The data excludes fuel sales and is available in Microsoft Excel format from the link below:
Indications from August 2010 and the most recent quarterly same-store sales results across several verticals...
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‘The Daily Wrap:’ Rite Aid, Target, GGP
Rite Aid Tests Grocery Concept
Struggling drugstore chain Rite Aid has entered into a licensing agreement with Save-A-Lot to add the discount, limited assortment grocery store concept to Rite Aid’s 10 existing stores in the Greenville, SC market. The stores will be co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy and will continue to be owned and operated by Rite Aid. Source: Rite Aid...
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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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Drugstore Retailers Draw Crowds with Tech, Assortments, Discounts
Major drugstore chains are using mobile alerts, loyalty programs and expanded assortments to boost same-store sales. In addition, leading U.S. drugstore retailers CVS and Wal-Mart are comfortable enough with their sales at existing stores to undergo major acquisition efforts.
Walgreens Tests Chilled Foods, Text AlertsWalgreens will conduct a test of chilled foods at up to 50 stores this fall....
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‘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...
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‘The Daily Wrap:’ CKE, Borders, Blockbuster
Equity Firm Completes CKE Buyout
Columbia Lake Acquisition Holdings, an affiliate of Apollo Management VII LP, has completed its estimated $694 million acquisition of CKE Restaurants, Inc., which runs the Carl’s Jr. and Hardee’s fast food chains. CKE operates and franchises 3,141 restaurants in 42 states. Source: Business Week
Borders Sells UK Subsidiary
Book retailer Borders Group has...
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Discount, Dollar Stores Creep Up Top 100 Retailer List, Walmart Remains No. 1
The nation’s top retailers managed to hold on to their coveted spots, even with the troublesome economy, but a new group of companies are sneaking onto the playing field, according to an annual ranking of retailers by sales.
With the economy putting a huge dent in consumers’ budgets last year, discount and dollar stores became much more attractive to the American family, according to the...
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‘The Daily Wrap:’ Wal-Mart, GGP, Retailer Survival
Wal-Mart Names New US CEO
Bill Simon, 50, has been promoted to president and CEO of Walmart U.S. Meanwhile, Vice Chairman Eduardo Castro-Wright, 55, has been appointed president and CEO of Global.com. Source: Wal-Mart Stores, Inc.
GGP Expects July Reorganization Plan
Bankrupt shopping mall operator General Growth Properties, Inc. expects to issue a Chapter 11 plan of reorganization around July...
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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:’ McDonald’s, Staples, Wal-Mart
Ronald McDonald Stays Put
Fast food retailer McDonald’s says its longtime mascot Ronald McDonald will continue to represent the brand. There have been recent calls for McDonald’s to retire Ronald McDonald because the red-haired clown allegedly makes unhealthy food attractive to children. Source: NewsFeed Researcher
Staples Increases Net Income 32%
Office supply retailer Staples, Inc....
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