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Gtrot Travel Deals, Whole Foods Expansion, Blockbuster Canada Troubles
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‘The Daily Wrap:’ Best Buy, Whole Foods, Krispy Kreme
Best Buy Grows Net Earnings
Consumer electronics retailer reported net earnings of $254 million in Q2 fiscal 2011, up 61% from $158 million in Q2 fiscal 2010. In addition, Best Buy’s quarterly revenue increased 3% to $11.3 billion, compared with revenue of $11 billion for Q2 fiscal 2010. Source: Best Buy Co., Inc.
Whole Foods Color Codes Seafood Sustainability
Whole Foods Market...Continue Reading »
‘The Daily Wrap:’ KFC, Starbucks, Best Buy
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Environmental Update: Whole Foods, Burger King, Fresh & Easy
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.Whole Foods Rolls New Sustainable Packaging Guidelines
Whole Foods Market has rolled out new responsible packaging guidelines to all of its more than 2,100 body care and supplement suppliers company-wide. All new body care and...Continue Reading »
‘The Daily Wrap:’ PetSmart, Whole Foods, Giant Eagle
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‘The Daily Wrap:’ Kroger, Whole Foods, Smashburger
US Bank Purchases Kroger Credit Cards
U.S. Bank has acquired supermarket retailer Kroger's existing credit card portfolio from RBS Citizens N.A., a unit of Royal Bank of Scotland. The portfolio includes funds from Kroger’s personal finance products, including, credit monitoring, identity theft protection, gift cards, money services, pet insurance, credit cards and prepaid debit cards....Continue Reading »
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‘The Daily Wrap:’ Macy’s, Gap, Kroger
Localization Drives Macy’s Growth
Upscale department store retailer Macy’s is crediting is MyMacy’s merchandise localization initiative with driving strong fiscal Q1 2010 results. Macy’s plans for this year include integrating the macys.com and bloomingdales.com websites and opening new formats and international locations of its Bloomingdales luxury banner. Source: Macy’s,...Continue Reading »
Cost, Convenience Dictate Retailer Renewable Energy Purchases
Retailers prefer to purchase convenient and relatively inexpensive forms of renewable energy, according to the findings of the “Enterprise Renewable Energy Adoption Survey.”Retailers Pursue Solar, Wind Projects The most popular kind of purchased renewable energy among retailers, solar (75% purchase rate), is probably the most commonly known and...Continue Reading »
‘The Daily Wrap:’ Amazon, Sears, Gymboree
Amazon Confirms 1-Click Patent
Following a four-year re-examination, the U.S. Patent Office is confirming online retailer Amazon.com’s patent on its single-click purchase technology. The patent, set to expire in 2017, has been challenged by multiple parties since it was initially filed in 1997. Source: TechFlash
Sears Spreads Mygofer Pilot
Broadline retailer Sears is expanding the...Continue Reading »
‘The Daily Wrap:’ Radio Shack, Best Buy, Starbucks
Private Equity Firm Considers Buying Radio Shack
Private equity firm Apollo Management and at least one other unnamed private equity company are rumored to be considering a purchase of consumer electronics retailer Radio Shack. Neither Apollo or Radio Shack has commented. Source: Fort Worth Star-Telegram
Best Buy Readies On-Demand Video
Consumer electronics retailer Best Buy is preparing...Continue Reading »
