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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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Gas Prices Affect Consumer Choices
Substantial percentages of US consumers are altering behavioral and spending choices in response to high gas prices, according to a recent Nielsen Company survey.
Price, Incentives Draw Gas ConsumersIn one intuitive response, Nielsen data indicates that nearly half (45%) of US households are diligently seeking lower gas prices. In addition, some consumers buy gas at locations because of...
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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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Consumers Cut Household Expenses
Consumers in the US and across the globe are reducing household expenses in a variety of ways, according to new data from The Nielsen Company.
On-sale Items Appeal to Cost-conscious Consumers
Among the top means consumers are using to reduce household expenses are:
Buying items on sale (a 57% global average). Using coupons (40%). Shopping at value retailers (37%), such as...Continue Reading »
Retail Trade Employment Continues Flat Performance – Update
Retail trade employment remained flat for the fifth straight month in August 2010, and the overall unemployment rate was virtually unchanged at 9.6%, according to the Bureau of Labor Statistics (BLS).
Retail Employment Stagnates
Retail trade employment, which has undergone some heavy losses since the beginning of the current recession in December 2007, trended upward in the...
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‘The Daily Wrap:’ Starbucks, Blockbuster, Wal-Mart
Starbucks Tests BlackBerry App
Coffee retailer Starbucks is testing a new application for the BlackBerry mobile platform at eight stores in the Seattle market. The app lets customers check and reload gift card balances, as well as pay for items in-store. Source: IntoMobile
Blockbuster Misses Bond Payment
Struggling media entertainment retailer Blockbuster, which reportedly may file for Chapter...
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83% of Consumers Shop Online Weekly
Eight in 10 (83%) of US consumers shop online at least once a week, according to a new study from Compete.
Quarterly Use of SocNets Grows Sharply
Consumers’ use of social networks such as Facebook and Twitter to aid online shopping significantly increased from Q3 2009 to Q2 2010. Thirty-one percent of consumers visited Facebook fan pages and/or Twitter feeds of retailers in Q2 2010, almost...
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Saving Declines, Spending Rises - Update
Following three straight months of significantly outpacing increases in consumer income, consumer saving declined in July 2010, according to the monthly Personal Income and Outlays report from the Bureau of Economic Analysis (BEA). Spending slightly increased, reversing a dip the previous month.
Consumer Saving DropsIn July 2010, consumers saved $673.4 billion, down 3.7% from a revised figure...
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‘The Daily Wrap:’ Burger King, Walgreens, Dunkin’ Donuts
3G Buys BK
Private equity firm 3G Capital has purchased public fast food chain Burger King for $4 billion. That figure equals 46% more than Burger King’s share value at the time of the deal. Source: CNN/Money
Walgreens Buys 18 ApothecaryRx Stores
Drugstore retailer Walgreens will acquire the assets of 18 ApothecaryRx pharmacies located in Colorado, Oklahoma, Minnesota, Missouri and Illinois....
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RetailWire Discussion: The Shopping Experience Gets a Tech-Up
Retailer Daily occasionally runs guest discussions on important industry issues from RetailWire. Today’s article, a guest column from RetailWire Editor-in-Chief George Anderson, examines how retailers are using IT to meet expanding expectations of the modern shopper.
By George Anderson
Consumers don’t like shopping in stores as much as they once did and that’s a problem for retailers with most...
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