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Retailers Discuss 3-D TV

Although the proportion of salespeople who discuss 3-D television technology with shoppers at major electronics retailers has increased substantially during the first six months of 2010, the rates of growth vary widely by retailer, according to the J.D. Power and Associates 2010 Television Mystery Shopping Report. For example, while salespeople at PRO Group mentioned 3-D TV technology to...
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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...
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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 Walgreens are comfortable enough with their sales at existing stores to undergo major acquisition efforts.Walgreens Tests Chilled Foods, Text Alerts Walgreens will conduct a test of chilled foods at up to 50 stores...
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Pressures Push Down CPG Prices

Lower consumer packaged goods (CPG) prices have been beneficial for consumers but are hurting retailers and manufacturers, according to recent data from The Nielsen Company.Recession Pressures Push Down CPG Price As recessionary pressures intensified at the end of 2008, gasoline and commodity prices started to drop and many retailers began passing on the savings to their...
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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...
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RFID Offers Wide Range of In-store Benefits

Properly applied RFID (radio frequency identification) technology can help retailers meet a variety of business challenges, according to a new study from Aberdeen Group.Efficiency Top RFID Driver in Stores When asked to name three top pressures driving the deployment of in-store RFID technology, a combined 79% of retail respondents to "Item-Level RFID Tagging in Retail"...
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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 Se Continue Reading »

‘The Daily Wrap:’ McDonald’s, Applebee’s, GGP

McDonald's Global Sales Drive Q2 Earnings Fast food retailer McDonald's Corporation reported a 15% increase in Q2 fiscal 2010 earnings, driven by 4.8% global comparable sales growth. McDonald's also increased consolidated operating income 10%. Source: McDonald's Corporation Applebee's Franchises 63 Restaurants DineEquity, parent company of casual dining chain Applebee's, will sell 63...
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Recession Alters Brand Perception

The ongoing economic recession has changed how consumers perceive food and CPG brands, according to a new study from Deloitte.Price Trumps Brand Consumers are far more likely to have become more price conscious, rather than brand loyal, as a result of the recession, according to the "2010 Great American Pantry Study." Sixty-one percent of consumers said they are more price conscious,...
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