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‘The Daily Wrap:’ B&N, Target, Wal-Mart
Barnes & Noble Digital Sales Improve
Book retailer Barnes & Noble, Inc. increased e-commerce sales by 42% in Q1 fiscal 2011. This performance helped drive a 21% increase in total sales for the quarter. Source: Barnes & Noble, Inc.
Target Launches Electronics Services
Discount retailer Target Corporation is introducing three new consumer electronics services that will provide guests with an...
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‘The Daily Wrap:’ Dunkin’ Donuts, Sears, Toys R Us
Dunkin’ Donuts Opens 338 New Stores
Dunkin’ Donuts quickened the pace of new store openings this year, with 338 net new locations unveiled worldwide during the first six months, compared with just 175 new shops during the same period last year. Source: Boston Globe
Sears Unveils Craftsman Experience
Broadline retailer Sears Holdings Corporation is opening its first interactive “Craftsman...
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Retailers Discuss 3-D TV
Although the proportion of salespeople who discuss 3-D television technology with shoppers at major electronics retailers has increased substantially during the first six months of 2010, the rates of growth vary widely by retailer, according to the J.D. Power and Associates 2010 Television Mystery Shopping Report.
For example, while salespeople at PRO Group mentioned 3-D TV technology to...
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‘The Daily Wrap:’ Burger King, Toys R Us, Papa Murphy’s
Burger King Opens 249 Net Global Stores
Fast food hamburger retailer Burger King opened 249 net new global stores during its recently-concluded fiscal 2010, including 59 net new stores in the US. Global revenues dropped 1% during the fiscal year. Source: Burger King Holdings, Inc.
Toys R Us Selects Retail Sense
Toy retailer Toys R Us has selected the Retail Sense marketing communication...
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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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Dept. Stores Launch Ambitious Programs
Buoyed by generally strong same-store sales performance in the past year, department store retailers are launching a variety of ambitious new programs. Following is a brief overview of recent same-store sales and new or newly announced efforts from Kohl’s, Macy’s, JCPenney, Gap and Sears through June 2010.
Kohl’s Opens New StoresBetween June 2009 and June 2010, Kohl’s reported two months of...
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‘The Daily Wrap:’ Toys R Us, Amazon.com, Sears
Toys R Us Celebrates Christmas in July
Toy retailer Toys R Us is running a “Christmas in July” promotion from Sunday, July 18 through Saturday, July 24, 2010. Dozens of items at prices usually reserved for the holiday shopping season will be available at Toys R Us stores nationwide and online at Toysrus.com. Source: Toys R Us
Amazon Offers College Students Deal
Online retailer Amazon.com...
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‘The Daily Wrap:’ Sears, Weis, SuperPetz
Specialty Lifestyle Brand to Launch Exclusively at Sears, Kmart
Iconix Brand Group, Inc. has signed a long-term direct-to-retail license agreement with Sears Holdings for itsjunior brand, Bongo. Commencing fall 2010, Bongo apparel and other lifestyle-related categories will be available in Sears and Kmart Stores in the U.S. Source: Iconix Brand Group.
Weis Markets Increases Q2 Net Income
‘The Daily Wrap:’ Walgreens, Sears, Tim Horton’s
Walgreens Net Earnings Drop
Drugstore retailer Walgreens reported a drop in Q3 fiscal 2010 net earnings of about 13%. However, Walgreens’ quarterly sales increased about 6%, while comparable store sales rose 0.7%. Source: Walgreens
Sears Plans Digital Movie Sales
Broadline retailer Sears plans to launch an online store selling digital downloads of movies and TV shows. The store will use the...
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‘The Daily Wrap:’ Sears, Tesco, Target
Sears Enters Exclusive RCA Partnership
Sears and Kmart are enhancing their consumer electronics product offerings through an exclusive partnership with consumer electronics provider RCA. Through this relationship, Sears and Kmart will offer their customers an exclusive RCA product lineup featuring high-definition televisions 19-inches and larger.
Source: Sears Holdings Corporation
Tesco Buys 2...
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