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‘The Daily Wrap:’ Target, Walgreens, Sears
Target Aims North
Discount retailer Target Corp. has been meeting with developers on its store rollout plan for Canada, where the retailer may be eventually opening as many as 200 stores. Target is reportedly looking to open six to 10 stores in late 2014 or 2015. Source: Progressive Grocer
Walgreens CCR Remodels Carry $275 Million Price Tag
Drugstore giant Walgreens is embarking on an...Continue Reading »
‘The Daily Wrap:’ Kroger, Sears, Cumberland Farms
Kroger Grows Sales 6%
Supermarket chain Kroger reported a total sales increase of 6% (including fuel) and net earnings of about $261 million during Q2 fiscal 2010. Source: The Kroger Co.
Sears Targets Women
Broadline retailer Sears has launched "The Many Sides of Me," a marketing effort aimed at re-engaging female fashion shoppers. The campaign includes print and digital components....Continue Reading »
Women Lead Online Group Buying, Flash Sales
Women make up the bulk of the audience on group buying and flash sales sites, according to comScore.Women Drive Exponential Group Buying Growth
In the U.S., visiting group-buying sites such as Groupon.com and LivingSocial.com is growing exponentially, and women are driving the growth: females make up 62% and 67% of Groupon.com and LivingSocial.com’s U.S....
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‘The Daily Wrap:’ B&N, Gap, Starbucks
B&N Plans In-store Nook Promo
In September 2010, Barnes & Noble will begin an aggressive promotion of its Nook e-readers by building 1,000-square-foot boutiques in all of its stores, with sample Nooks, demonstration tables, video screens and employees who will give customers advice and operating instructions. Barnes & Noble sees the opportunity to promote the device in stores as a...Continue Reading »
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:’ Wal-Mart, CVS, Amazon
Wal-Mart Prepares RFID Tagging Effort
Starting next month, Wal-Mart will reportedly place removable "smart tags" on individual garments that can be read by a hand-held scanner. Source: RIS News
CVS Revenues Drop
Drugstore retailer CVS reported a 3.5% drop in net revenues during Q2 fiscal 2010. CVS lowered its retail same store sales guidance for the year to a range of 2.0% to 3.5% from a...Continue Reading »
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Women Drive Online Retailing
Women spend more time visiting online retail sites than men and make a greater contribution to e-commerce in terms of buyers, transactions and dollars, according to comScore.Women Visit at Similar Rate, Spend More Time
Women and men visit online retail sites at a similar rate to men. In the 15-to-24 age bracket, both 60% of men and women visit online retail sites. Both women and men...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...Continue Reading »
‘The Daily Wrap:’ Target, Kroger, Netflix
Black Friday Comes Early to Target.com
Discount retailer Target is running a special early “Black Friday” promotion this Friday, July 23 on its e-commerce site. Target will offer holiday-like savings on hundreds of online items. Source: Target Corporation
Kroger to Expand FoodsCo
Supermarket conglomerate Kroger will open two new stores under its FoodsCo banner in the Oakland, CA...Continue Reading »
Moms Like Email Offers
A substantial majority of mothers living with children age 12 and younger read email regularly and look forward to email offers, according to a recent study from digital advertising agency Brunner. Moms Control Money, Read Email
Brunner research indicates that mothers living with children 12 and younger control $4 billion in annual household spending. Virtually all members of this...Continue Reading »