Archives » February 2010

‘The Daily Wrap:’ Wal-Mart, RadioShack, Burger King

Published on February 23, 2010
Wal-Mart Enters Digital Download Biz Discount retailer Wal-Mart is set to acquire VUDU, Inc., a provider of digital technologies and services that enable the delivery of entertainment content directly to broadband high-definition TVs and Blu-ray players. The deal is expected to close within the next few weeks. Source: Wal-Mart Stores, Inc. Burger King Rolls Out New Broiler Fast food...
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Home Improvement Market Shows Signs of Rebound

Published on February 23, 2010
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...
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Consumers Seek Brand Meaning

Published on February 23, 2010
In 2010, US consumers will purchase meaningful, "real" brands, according to Robert Passikoff, founder and president of Brand Keys.Passikoff analyzed the results of the recent 2010 Brand Keys Customer Loyalty Engagement Index and found that a real brand can provide meaningful differentiation and act as a surrogate for value, but that value is being carefully examined,...
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‘The Daily Wrap:’ JCPenney, Best Buy Europe, Ace Hardware

Published on February 22, 2010
JCPenney Sales Fall, Operating Income Rises Department store retailer J.C. Penney Company, Inc. reported declining net sales, but rising operating income, for the fourth quarter and full fiscal year 2009. JCPenney expects comparable store sales to increase in the low single digits during fiscal 2010. Source: J.C. Penney Company, Inc. Best Buy Europe Targets Home Repair Retailer Best Buy...
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Facebook Yanks #2 Spot from Yahoo

Published on February 22, 2010
Social media site Facebook has replaced internet portal Yahoo as the second-most-popular web site in the US, according to compete.Facebook Grows, Yahoo Slows
Facebook
In January 2010, Facebook drew about 133.6 million unique US visitors. This was enough unique visitor traffic to put Facebook ahead of Yahoo, which attracted about 132 million unique US visitors last month. From January to...
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‘The Daily Wrap:’ Sears Auto Center, WalMex, hhgregg

Published on February 19, 2010
Sears Franchises Auto Centers Broadline retailer Sears Holding Corp. is franchising its Sears Auto Centers business to auto dealerships. Sears currently runs 850 corporate Auto Center stores, and the first franchised store is scheduled to open in East Windsor, NJ later this year. Source: Chicago Tribune WalMex Plans 300 New Stores Wal-Mart de Mexico (WalMex) plans to invest $12.5 billion...
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Wal-Mart Ends Fiscal ’10 on Positive Note

Published on February 19, 2010
While not every piece of financial news reported by Wal-Mart for Q4 and fiscal year 2010 (ended January 31, 2010) is good, by and large the discount chain had a lot to be happy about. Selected highlights from Wal-Mart’s Q4 and fiscal 2010 results follow. Foreign Exchange Has Mixed Impact on Net Sales Fluctuating foreign exchange rates had a mixed impact on Wal-Mart’s net sales,...
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‘The Daily Wrap:’ OfficeMax, Asda, Stop & Shop

Published on February 18, 2010
OfficeMax Sales Decline Office supply retailer OfficeMax reported declines in total sales of 3.9% during Q4 2009 and 12.8% in full year 2009. OfficeMax substantially shrank operating losses for the fourth quarter and full year 2009. Source: OfficeMax Incorporated Asda Creates 6,000 Jobs Asda, discount retailer Wal-Mart’s UK banner, plans to add 6,000 jobs this year. Asda boosted its...
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Walgreens to Acquire Duane Reade for $1.1B

Published on February 18, 2010
Following a 12-month span that included a number of small-scale acquisitions of stores from regional drugstore chains, Walgreens is making a major splash by purchasing New York drugstore retailer Duane Reade for $1.075 billion in cash.Under terms of the purchase agreement, Walgreens will obtain all 257 Duane Reade stores in the New York City metropolitan area, as well as the corporate...
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7-Eleven Enters Quad Cities - Update

Published on February 18, 2010
Convenience store retailer 7-Eleven, Inc. is continuing an aggressive expansion strategy launched in 2009 by purchasing 16 Mother Hubbard’s convenience stores from parent company MHC Enterprises. The sale is expected to be completed the week of February 22, 2010, according to Convenience Store News. The stores are located in the “Quad Cities” region comprising the cities of...
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