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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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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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Drugstore Retailers Draw Crowds with Tech, Assortments, Discounts
Major drugstore chains are using mobile alerts, loyalty programs and expanded assortments to boost same-store sales. In addition, leading U.S. drugstore retailers CVS and Wal-Mart are comfortable enough with their sales at existing stores to undergo major acquisition efforts.
Walgreens Tests Chilled Foods, Text AlertsWalgreens will conduct a test of chilled foods at up to 50 stores this fall....
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‘The Daily Wrap:’ Blockbuster, Wal-Mart, Quiznos
Blockbuster Adds Games to Mail Service
Media entertainment retailer has added video games to its rental by mail service. Blockbuster says it is now the first entertainment company to offer rentals of games, movies, and TV shows for home delivery through a single subscription service. Source: Blockbuster, Inc.
Appeals Court Dismisses Objection to Wal-Mart Employees Wage and Hour Settlement
The...
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‘The Daily Wrap:’ CKE, Borders, Blockbuster
Equity Firm Completes CKE Buyout
Columbia Lake Acquisition Holdings, an affiliate of Apollo Management VII LP, has completed its estimated $694 million acquisition of CKE Restaurants, Inc., which runs the Carl’s Jr. and Hardee’s fast food chains. CKE operates and franchises 3,141 restaurants in 42 states. Source: Business Week
Borders Sells UK Subsidiary
Book retailer Borders Group has...
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‘The Daily Wrap: Family Dollar, Walgreens, Red Lobster
Family Dollar Boosts Sales
Discount retailer Family Dollar increased its sales during Q3 2010 by 8.4% and comparable store sales by 7%. Family Dollar said the comparable store sales increase was due to increased customer traffic, as average transaction value remained flat. Source: Family Dollar Stores, Inc.
Walgreens to Test Chilled Foods this Fall
Drugstore retailer Walgreens will conduct a...
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Discount, Dollar Stores Creep Up Top 100 Retailer List, Walmart Remains No. 1
The nation’s top retailers managed to hold on to their coveted spots, even with the troublesome economy, but a new group of companies are sneaking onto the playing field, according to an annual ranking of retailers by sales.
With the economy putting a huge dent in consumers’ budgets last year, discount and dollar stores became much more attractive to the American family, according to the...
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‘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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