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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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Back-to-School Shoppers Go Online
One-third of back-to-school shoppers are conducting at least half of their back-to-school shopping online this year, according to the Compete Online Shopper Intelligence Study.
Back-to-School Shoppers Buy Most Electronics Online
On average, back-to-school shoppers will conduct 70% of their electronics shopping online this year. Electronics are by far the most popular...
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‘The Daily Wrap:’ Dell, Google, Rue La La
Dell Grows Revenue 22%
Online consumer electronics retailer Dell increased total company revenue 22% in Q2 fiscal 2010. Operating income grew 11%. Source: Dell Inc.
Google Acquires Like.com
Google has acquired Like.com, a visual search engine for shoppers. Terms of the deal were not disclosed. Source: Like.com
Rue La La Fashions a Niche
The first e-mail notifying Rue La La members about...
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Average Family Completes Close to Half of Back-to-School Shopping
The average US family has completed 43.2% of their back-to-school shopping, according to new data from the National Retail Federation (NRF) and BIGresearch.
2010 Spending Outpaces 2009Results from the Back-to-School Consumer Intentions and Actions survey indicate that at the equivalent time period last year, the average American family had only completed 41.6% of their back-to-school...
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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:’ PetSmart, Whole Foods, Giant Eagle
PetSmart Debuts in Manhattan
Specialty pet supply retailer PetSmart is opening its first two Manhattan stores later this year. One store will open August 21, 2010 and one will open in November 2010. Source: PetSmart
Whole Foods Grows Quarterly Sales
Specialty organic supermarket retailer Whole Foods increased Q2 2010 sales 15%, to $2.2 billion. Comparable store sales increased 8.8%, or 6.3% on...
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Amex Spending & Saving Tracker Update: Back-to-School Spending Solid
The average American family will spend $550 on back-to-school items this year, according to the August 2010 American Express Spending & Saving Tracker.
Spending to Rise, But under Control
A majority (80%) of consumers with children in preschool through high school expect to spend more (39%) or the same (41%) per child on back to school shopping this year compared to last year. However, although...
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Women Dominate Online Coupon Sites
Data on visitors to online coupon sites shows that women clearly dominate their usage, according to comScore.
Overall Online Coupon Usage Higher among Women
A variety of statistics from “Women on the Web: How Women are Shaping the Internet” shows that women search for and use online coupons more frequently than men. Forty-two percent of women, compared to 34% of men, listed...
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‘The Daily Wrap:’ Michaels, Wal-Mart, Redbox
Michaels Debuts New Store Design
Specialty arts and crafts retailer Michaels Stores is debuting a new store design Sunday, August 15, 2010 in Fort Lauderdale, FL. The new design, which Michaels plans to expand nationwide, includes more open spaces, warmer colors and an expansion and reorganization of the scrapbooking, jewelry, and kids department. Source: Fort Lauderdale Sun-Sentinel
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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