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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:’ 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:’ 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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Supermarket Vertical Produces Varying Results
The strikingly different same-store sales performance of national supermarket chains Kroger and Supervalu reflect the upheaval the supermarket vertical is undergoing. Pressure from discount chains (especially Wal-Mart), warehouse clubs and dollar stores is producing varied results among different operators.
Kroger Dominates, Expands MarketsKroger has reported at least moderate growth in every...
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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:’ Supervalu, Winn-Dixie, Uno
Supervalu Net Sales Drop
Supermarket retailer Supervalu reported a roughly 9% drop in Q1 fiscal 2011 net sales. Supervalu also reported declining net and operating earnings. Source: Supervalu Inc.
Winn Dixie Plans 30 Store Closures
Southeastern supermarket retailer Winn-Dixie Stores, Inc. will close 30 non-remodeled, underperforming stores. The company will also consolidate its four operating...
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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:’ Neiman Marcus, Wal-Mart, Finish Line
Neiman Marcus Has Strong Q3
Luxury retailer Neiman Marcus increased operating earnings 70% and turned a net loss into net earnings during Q3 2010. Total revenues and comparable revenues also increased. Source: Neiman Marcus Inc.
Rival Chains Fund Opposition to Wal-Mart
Large supermarket chains including Supervalu, Safeway and Ahold have retained Saint Consulting Group to help fund...
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‘The Daily Wrap:’ CVS, Kroger, McDonald’s
CVS Buys More than 200 Stores a Year
Drugstore retailer CVS/Caremark plans to purchase about 200 independent pharmacies a year nationwide to increase market share. The stores will be operated under the CVS banner. Source: Honolulu Advertiser
Kroger Seeks VA Expansion
Supermarket chain Kroger plans to expand its store footprint in and around the Richmond, VA area during the next three years....
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