Archives » January 2009

When Fittest Retailers Survive, They’ll Get $20B Sales Boost

Published on January 30, 2009
Retailers that can ride out the recession storm will find $28+ billion in sales opportunities waiting for them at the end of the rainbow, most of it ($19.2B) the result of large retailers' bankruptcies--according to a Deutsche Bank report, writes Down Jones Newswires.Wal-Mart, Target, Kohl's, Macy's, and JCPenney will likely be among those that benefit most. So will Best Buy, Bed, Bath &...
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Tesco to Launch Online Fashion Store

Published on January 30, 2009
Emulating the model of online apparel retailer Asos, UK-based Tesco is launching its own online fashion store, writes Retail Week.The site, which clothing boss Terry Green said will look entirely different from the Tesco website, is expected to be operational in time for new fall lines. Among the thousands of items to be available are fashion apparel lines Florence & Fred, Cherokee, and...
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Best Buy Considering Bankrupt Retailer Real Estate

Published on January 30, 2009
Cautious in the face of decreasing consumer spending, Best Buy may yet attempt to acquire empty real estate left behind by bankrupt rivals and other retailers, Reuters reports, citing Best Buy CEO Brad Anderson."We are looking at some of those (stores), but our first priority is to stay cash strong," the departing CEO is quoted as saying at the sidelines of the World Economic Forum in...
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Consumer Sentiment Up from Dec., but Still Dismal

Published on January 30, 2009
A slight increase in consumer sentiment in January, likely because of falling prices for goods and services, don't alter the fact that sentiment is still near all-time lows, writes MarketWatch, citing the Reuters/University of Michigan Surveys of Consumers.Sentiment in January rose to 61.2 from 60.1 in late December, the survey found. A preliminary finding for January had sentiment at...
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Amazon.com Q4 Earnings Up 9%, Sales Up 18%

Published on January 30, 2009
Amazon.com's net income increased nearly 9%, to $225 million, in the fourth quarter (ended Dec. 31), or $0.52 per diluted share, compared with net income of $207 million, or $0.48 per diluted share, in fourth quarter 2007, Amazon reported.Net sales increased 18% to $6.70 billion in the fourth quarter, compared with $5.67 billion in fourth quarter 2007. Excluding a $320 million...
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Cupid Confronts Economy: Valentine’s Day Spending to Decrease

Published on January 30, 2009
Consumers plan to spend an average $102.50 on Valentine's gifts and merchandise, down from last year's $122.98 per person, according to the National Retail Federation's 2009 Valentine's Day Consumer Intentions and Actions survey, conducted by BIGresearch. Total Valentine's Day spending is expected to reach $14.7 billion.* Most people will still buy traditional favorites, even though...
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‘Friday Clearance’: News We Didn’t Cover, Week Ended Jan. 30, 2009

Published on January 30, 2009
Below, in random (dis)order, some recent articles from the stock of news items that Retailer Daily just didn't get to writing up this week--but it may well be worth readers' while to try some of them:Mapping and Animating Growth of Target Inc. Across United States Amazon Prime Squeezes Already Struggling Rivals Do eBay Ads Cannibalize Sales? The Power of RFM (Recency, Frequency,...
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Affluent Consumers Becoming the ‘Stealthy Wealthy’

Published on January 29, 2009
"If you got it, flaunt it" may once have been the byword for affluent Americans who took pride in showing off their designer labels, taking luxurious vacations, and dining out at exclusive restaurants--but no more.Because of the global recession, many are experiencing "luxury shame," and they're putting extra care into making themselves seem like everybody else--becoming practitioners of...
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Study Explores Grocery Shoppers’ State of Mind

Published on January 29, 2009
To cope with the current economic state, consumers say, they "eat out less/eat in more," "turn down the thermostat," are "more efficient with...shopping trips," and "buy less name brand products/buy in bulk," according to the first American Grocery Shopper Study from BrandSpark International's Best New Product Awards (BNPA).The survey of more than 50,000 US shoppers sought to understand...
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Bon-Ton to Eliminate 1,150 Jobs

Published on January 29, 2009
Bon-Ton Stores Inc. said it would reduce corporate and store personnel by 1,150 positions and eliminate 2008 bonuses for senior executives as part of a cost-saving plan.The reductions in personal constitute a 3.5% cut in workforce, according to Reuters. The company expects to take a one-time charge of $3.0 million related to the cuts. It also plans to reduce capital spending to $40...
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