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Environmental Update: REI, Applebee’s, AutoZone
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.REI Cuts GHG Emissions
Recreational Equipment Inc. (REI) has reduced its absolute climate impact by 10 percent from 111,000 tons of greenhouse gas (GHG) emissions, or C02e, to less than 100,000 tons C02e from 2008 levels,...Continue Reading »
Consumers Reduce Spending, But Still Fund Passions
Many US consumers are planning to cut their spending, but are still managing continue to spend money on key discretionary "passions" even as the recession continues, according to the American Express Spending & Saving Tracker.1/3 of Consumers Will Spend Less
In a year-over-year comparison, more than one-third (37%) of consumers anticipate spending less during the next 30 days (a slight...Continue Reading »
Environmental Update: Best Buy, Nike, Wal-Mart
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.Best Buy Joins EPA Appliance Disposal Program
Best Buy has joined the U.S. Environmental Protection Agency’s (EPA) Responsible Appliance Disposal (RAD) Program to help drive the responsible disposal and recycling of household...Continue Reading »
Golfsmith Beats Par for Specialty Athletic Vertical
Specialty athletic retailers have not generally had an easy time in the last year, but golf/tennis equipment chain Golfsmith appears to have found its groove. Golfsmith plans to add four new stores and retrofit several others during 2010.Golfsmith, which currently operates more than 70 stores across the U.S., as well as e-commerce and catalog channels, has so far publicly said it will...Continue Reading »
Hollister Lets Customers Holster M-commerce
Specialty youth apparel retailer Hollister Co., a division of Abercrombie & Fitch, is making a new mobile commerce site available on web-enabled smartphones. According to Mobile Commerce Daily, Hollister is using m-commerce as a means of better connecting with its young customer base.Partnering with m-commerce technology vendor Digby, Hollister is offering its customers mobile online...Continue Reading »
Foot Locker Seeks Significant Store Closings
Specialty athletic footwear retailer Foot Locker, Inc. plans to have shut down 200 stores by the end of its fiscal year 2009 on January 31, 2010. Foot Locker has only closed 83 stores during fiscal year 2009 so far, meaning another 117 stores will close in the next few weeks.According to CoStar Group, Foot Locker expects to have opened 40 new stores by the end of the fiscal year, leading...Continue Reading »
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Best Buy Seeks Healthy Sales
Consumer electronics retailer Best Buy is continuing a yearlong trend of product assortment diversification by making health and fitness gear available at 40 stores in Arizona, Colorado, Iowa, Maryland, Massachusetts, Nebraska, New Mexico and Texas. The new health and fitness selection at these stores includes more than 30 feet of technology devices, as well as fitness equipment in some...Continue Reading »
Timberland Mobilizes Youth Campaign
Add vertical outdoor products retailer The Timberland Company to the growing list of retailers using mobile devices to directly reach out to customers. Timberland is specifically targeting the urban youth market with its new mobile campaign, joining another growing trend of youth-focused promotional and marketing activities.Timberland is supporting its new fall 2009 footwear collections...Continue Reading »
Finish Line Cuts Man Alive from Roster
Specialty athletic footwear retailer The Finish Line, Inc. is finished with its Man Alive subsidiary. Finish Line is selling the unprofitable Man Alive specialty youth apparel business to an entity controlled by Jimmy Khezrie, the owner and operator of specialty footwear retailer Jimmy Jazz.Under terms of the purchase agreement, Man Alive Acquisition, LLC (MA) will assume certain assets...Continue Reading »
Trends in Guidance for 2009 - Update
This year, public retailers have varied in how they provide, or decline to provide, financial or earnings guidance for the upcoming fiscal year. Virtually all of the retailers who declined guidance have cited continuing economic uncertainty as the reason for not releasing specific financial projections.However, a number of public retailers have continued to offer financial guidance for...Continue Reading »