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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:’ 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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‘The Daily Wrap:’ Target, Starbucks, Fresh & Easy
Target Grows Retail Sales 4%
Discount retailer Target Corporation increased retail sales 3.8% in Q2 fiscal 2010. Gross margin slightly grew from 31.9% to 32%. Source: Target Corporation
Starbucks Seeks More Products in Grocery Stores
Starbucks Corp. is planning to use its coffee shops as a testing ground to get more products into grocery stores, according to a growth plan Chief Executive...
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‘The Daily Wrap:’ JCPenney, Starbucks, Amazon.com
JCPenney Produces Net Income
Department store retailer J.C. Penney Company, Inc. reported net income of $14 million in Q2 fiscal 2010, compared to a break-even net income result a year earlier. JCPenney also reported increased store and internet sales. Source: J.C. Penney Company, Inc.
Starbucks Plans Digital Network
Coffee retailer Starbucks is in the midst of developing a “Digital...
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‘The Daily Wrap:’ B&N, Gap, Starbucks
B&N Plans In-store Nook Promo
In September 2010, Barnes & Noble will begin an aggressive promotion of its Nook e-readers by building 1,000-square-foot boutiques in all of its stores, with sample Nooks, demonstration tables, video screens and employees who will give customers advice and operating instructions. Barnes & Noble sees the opportunity to promote the device in stores as a competitive...
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‘The Daly Wrap:’ Starbucks, Wal-Mart, Supervalu
Starbucks Reports 10% Revenue Growth
Coffee retailer Starbucks Corporation reported results from its recently ended Q3 fiscal 2010 including 10% net revenue growth, driven by a 9% increase in global comparable store sales. Starbucks projects it will open 250 net new stores globally by the end of fiscal 2010 and 500 net new stores globally during fiscal 2011. Source: Starbucks Corporation
‘The Daily Wrap:’ Starbucks, Chipotle, Kroger
Starbucks Pilots ‘Olive Way’ Concept
Coffee retailer Starbucks is piloting a coffeehouse store format known as “Olive Way.” To be launched in Seattle in fall 2010, it features wine and beer sales, plush furniture, espresso machines in the center of the store, and narrower counter space. Source: Lake Wylie Pilot
Chipotle Opens 1,000th Store
Casual dining retailer Chipotle Mexican Grill...
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‘The Daily Wrap:’ Gap, Best Buy, Giant Eagle
Gap Eyes 4 New China Stores
Department store retailer Gap Inc. plans to open four new stores in China this year, its first stores in the country, as well as an e-commerce site. Gap intends to open more new China stores, including locations such as Hong Kong, in 2011. Source: Bloomberg
Best Buy Opens 3rd UK Store Tomorrow
Consumer electronics retailer Best Buy will open its third UK store in...
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Franchising Activity Remains Slow in May
Following a busy first quarter of significant franchising activity by numerous retailers, May 2010 is the second straight month with only a few retailer announcements of new franchising or licensing agreements and/or programs. Retailer Daily covered two licensing and one franchise expansion during the month, following coverage of three franchise and one licensing expansion in April 2010. In...
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‘The Daily Wrap:’ Starbucks, Movie Gallery, Best Buy
Starbucks Readies Free Wi-Fi
Coffee retailer Starbucks will offer free wireless internet service at all corporate-owned stores in the US beginning July 1, 2010. Access will be available without a Starbucks card, user name/password, or time limit. Source: Starbucks Corporation
Movie Gallery Canada Closes Stores
Canadian media entertainment retailer Movie Gallery Canada is closing 131 Movie...
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