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‘The Daily Wrap:’ Starbucks, Subway, Belk
The recent news about Starbucks offering fine beer and wine in one Seattle location after 4PM each day spread like wild fire. So, Compete figured there would be no better time to see how the news has impacted the online performance of Starbucks.com compared to Dunkindonuts.com.
When looking at traffic to both of the coffee giants, Compete analysts were surprised to see that Starbucks...Continue Reading »
State of US Same-Store Sales - September 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 September 2010 and quarterly numbers. The data excludes fuel sales and is available in Microsoft Excel format from the link below:
Indications from September 2010 and the most recent quarterly same-store sales results across...Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Bottom Dollar, Costco
Wal-Mart Seeks Collaborative Buying
Wal-Mart is calling for its suppliers to collaboratively purchase raw materials in an effort to lower supply chain costs and pass savings to consumers. Products already being purchased with suppliers include sugar and paper. Source: Bloomberg
Bottom Dollar Debuts in Philadelphia
Supermarket conglomerate Delhaize opened its first discount format Bottom...Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Target, Netflix
Wal-Mart Intends to Buy South African Retailer
Discount retailer Wal-Mart has made a preliminary, non-binding proposal which could, if successful, lead to Walmart making a cash offer to acquire South African general merchandise retailer Massmart Holdings Limited. The company runs 290 stores in 13 countries in Africa, with the vast majority of its stores in South Africa, and manages eight...Continue Reading »
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 Expansion
In 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...Continue Reading »
‘The Daily Wrap:’ CVS, Bloomingdales, B&N
CVS Sets Fiscal Records
Drugstore retailer CVS/Caremark reported record fiscal results for Q4 and fiscal year 2009. Revenues, operating profit, and income all reached record levels in the quarter and fiscal year ended December 31, 2009. Source: CVS Caremark Corporation
Bloomingdale’s Opens Dubai Store
Department store retailer Macy’s has opened the first international location of its...Continue Reading »
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‘The Daily Wrap’: Best Buy, Costco, Ann Taylor
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out. Best Buy Plans Magnolia Design Center Concept
Consumer electronics retailer Best Buy is launching a new Magnolia design center store-within-a-store concept on February 26, 2010 in a Costa Mesa, CA store. The new design center is...Continue Reading »
‘The Daily Wrap’: Costco, Blockbuster Express, Popeyes
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out. Costco Settles Coke Dispute
Discount warehouse club retailer Costco has settled a pricing dispute which caused it to pull all Coca-Cola products from its shelves last month. Costco is expected to start selling Coca-Cola products...Continue Reading »
Retailers Send Mixed Signals on U.S./Canadian Store Closings
Although U.S. and Canadian retailer store closings did not reach the levels many experts predicted in 2009, as many as 6,000-8,000 stores could close in the first half of 2010. According to RIS News, the cost-cutting that allowed retailers to keep stores open in 2009 will not be enough to sustain current store levels next year.Retailers will need a positive holiday shopping season this...Continue Reading »
‘The Daily Wrap’: Tesco, Supervalu, Costco
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out. Tesco Has Strong Third Quarter
British multiformat retailer Tesco plc reported strong Q3 2009 results, including an 8.8% increase in group sales excluding fuel. Other improvements included a 12% rise in international sales at actual...Continue Reading »