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Amazon Flash Sales, Forever 21 Holograms, Mobile Dining App
Amazon introduced a new members-only flash sale site, Myhabit, yesterday.
Myhabit sells high-end apparel at deep discounts for men, women and children.
E-commerce & Multichannel Retailing
Fashion retailer Forever 21 is using holograms in the place of live models in a series of fashion shows being held this summer and fall.
eBay predicted its mobile business will double mobile gross...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 »
Consumer Brand Loyalty Declines
U.S. consumers are significantly less loyal to their favorite brands today than they were two years ago, according to comScore ARS research.Consumers Don’t Buy Preferred Brands comScore evaluated the change in brand loyalty within a number of consumer goods categories, including health & beauty aids, OTC medications, apparel, food, household products and housewares. As...
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Secured Creditors Fare Well in Retail Bankruptcy Petitions - Update
Filings by six major retailers in various stages of Chapter 11 bankruptcy show a general trend toward paying secured creditors most or all of their debt, whether in cash or equity.In the past few months, Retailer Daily has covered Chapter 11-related activities of supermarket retailers Bashas’ Supermarkets Inc. and Bi-Lo, LLC, discount apparel retailer Filene’s Basement, mall...Continue Reading »
Homeowners Plan 2010 Improvements – Update
Despite believing a seller’s market is not coming soon, a majority of US homeowners plan to invest money in home improvement projects this year, according to the April 2010 American Express Spending & Saving Tracker. Housing Market Has Little Impact on Home Improvement
A 53% majority of US homeowners believe a seller's market is two or more years away, yet investing in their current...Continue Reading »
Lowe’s Plans New Canadian Stores - Update
Home improvement retailer Lowe’s Companies, Inc. has revealed the site of its first Canadian store planned for the western province of Sasketchawan. Construction on the store, sited in the city of Regina, will begin soon with a planned Q1 fiscal 2011 opening.The home improvement store will have 103,000 square feet of retail sales space. An additional 32,000 square foot garden center...Continue Reading »
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Williams-Sonoma Seeks Store Closures in Large Markets
Specialty retailer Williams-Sonoma intends to shutter an undisclosed number of stores in large, multi-store markets. According to the Wall Street Journal, Williams-Sonoma CFO Sharon McCollam told attendees of an investor conference the retailer’s goal is optimizing cost per square foot rather than simply reducing store footprint.During the next three years, 25% of Williams-Sonoma’s...Continue Reading »
Home Improvement Market Shows Signs of Rebound
While the U.S. home improvement market has not totally shaken off the weakness that plagued it during 2008 and the first three quarters of fiscal 2009, strong fourth quarter net earnings performance by leading chains The Home Depot, Inc. and Lowe’s Companies, Inc. suggest it is preparing for a rebound this year.Home Depot Earnings Improve Despite declines in some fiscal areas, Home...Continue Reading »
Lowe’s Opens Mexican Stores
Home improvement retailer Lowe’s Companies, Inc. is scheduled to open its first two Mexican stores in Monterrey, Mexico today. Lowe’s initially planned to expand store operations into Mexico during 2009.Lowe´s Mexico has invested approximately $18 million to $20 million USD in each store. Approximately 430 employees have been hired to operate the two stores and the company’s...Continue Reading »
Home Depot Shuts Stores, Cuts Jobs
Home improvement retailer The Home Depot is engaging in some cost-cutting measures. Home Depot will close three stores and terminate 1,000 employees.According to RISNews, Home Depot’s job cuts will mostly be on the corporate side of the business, with HR, finance, real estate and construction positions being eliminated in an effort to consolidate operations. Less than 1% of Home...Continue Reading »