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State of US Same-Store Sales - July 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 July 2010 and quarterly numbers. The data excludes fuel sales and is available in Microsoft Excel format from the link below:
Indications from July 2010 and the most recent quarterly same-store sales results across several verticals...
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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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Store Openings and Closings Update - August 2010
A comparison of store openings and closings by leading retailers in several major verticals shows that the recession has had a varying impact on retail store growth strategies.
Discounters Slow Down Domestic Store ExpansionIn a plan issued April 2010, discount retailer Wal-Mart said it intends to grow in major metropolitan markets domestically, with new formats while making existing formats...
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‘The Daily Wrap:’ Wal-Mart, Target, Nordstrom
Wal-Mart Grows Net Sales 3%
Discount retailer Wal-Mart Stores, Inc. increased net sales 2.8% to $103 billion in its Q2 fiscal 2011. Other quarterly results include growth in consolidated operating income and decline in U.S. comparable store sales. Source: Wal-Mart Stores, Inc.
Target Uproots Garden Centers
Discount retailer Target Corp. is closing all of its 262 garden centers due to lack of...
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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: Sears, Fuddruckers, Wal-Mart
Sears Launches Digital College Program
Sears and Kmart have launched the “Campus 2010” digital program, centered around a Facebook page called “Sears Campus Connection,” which provides several features that serve as a resource for teens in preparing for campus life. Features include a wish list, social shopping, and roommate interactions. Source: Sears Holdings Corporation
Luby’s Acquires...
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‘The Daily Wrap:’ Staples, Shaw’s, McDonald’s
Staples to Close Corporate Express Australia Acquisition
Office supply retailer Staples Inc. expects to close its acquisition of Corporate Express Australia on July 26, 2010. Its wholly-owned subsidiary Staples Australia currently owns a 92% stake in the company. Source: Staples Inc.
Shaw’s Resolves Strike
Supermarket retailer Shaw’s has resolved a four-month strike at a distribution...
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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:’ Borders, Toys R Us, Best Buy
Borders Net Loss Shrinks in Q1
Although book retailer Borders reported decreased sales and increased operating loss in Q1 fiscal 2010, it reduced net loss from $86 million to $64.1 million. Domestic comparable store sales fell 11.4%, compared to a 12.5% drop in Q1 fiscal 2009. Source: Borders Group, Inc.
Toys R Us Files for IPO
Toy retailer Toys R Us, Inc. has filed with the Securities and...
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Environmental Update: Staples, Green Seal
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.
Staples Reaches 15m KWH Milestone
Staples Inc. announced that it has produced 15 million kilowatt hours from 32 solar installations throughout North America. The partnership program, which launched in 2005 with installations in...
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