Archives » June 2010

‘The Daily Wrap:’ Wal-Mart, GGP, Retailer Survival

Published on June 30, 2010
Wal-Mart Names New US CEO Bill Simon, 50, has been promoted to president and CEO of Walmart U.S. Meanwhile, Vice Chairman Eduardo Castro-Wright, 55, has been appointed president and CEO of Global.com. Source: Wal-Mart Stores, Inc. GGP Expects July Reorganization Plan Bankrupt shopping mall operator General Growth Properties, Inc. expects to issue a Chapter 11 plan of reorganization...
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‘The Daily Wrap:’ B&N, Best Buy, Nordstrom

Published on June 29, 2010
B&N Q4 Sales Show Strength Embattled book retailer Barnes & Noble reported an impressive 19% increase in Q4 2010 sales. E-commerce sales rose 51% for the quarter, although Barnes & Noble still reported declining same-store sales and a consolidated net loss. Source: Barnes & Noble Best Buy, Sprint Partner on Mobile Broadband Best Buy is teaming up with Sprint to offer its own mobile...
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‘The Daily Wrap:’ Wal-Mart, Lowe’s, Amazon

Published on June 28, 2010
Wal-Mart Plans Grocery Format in Sacramento Wal-Mart intends to purchase a number of smaller-sized retail stores in the Sacramento, CA market and turn them into 40,000-square-foot neighborhood stores selling grocery items. The stores will directly compete with existing low-price supermarkets. Source: Sacramento Bee Lowe’s Denied MA Store Home improvement retailer Lowe’s has been...
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Guidance Looks Increasingly Sunny

Published on June 28, 2010
Based on financial guidance provided in the most recent quarterly public filings of 10 major public retailers, the industry appears to be generally taking a positive view of its near-term prospects. Following is a brief of review of the retailers’ expectations and some general trends that can be observed.Positive Guidance Amazon.com: Q2 fiscal 2010 net sales are expected to be between...
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‘The Daily Wrap:’ Starbucks, Chipotle, Kroger

Published on June 25, 2010
Starbucks Pilots ‘Olive Way’ Concept Coffee retailer Starbucks is piloting a coffeehouse store format known as “Olive Way.” To be launched in Seattle in fall 2010, it features wine and beer sales, plush furniture, espresso machines in the center of the store, and narrower counter space. Source: Lake Wylie Pilot Chipotle Opens 1,000th Store Casual dining retailer Chipotle Mexican...
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Environmental Update: Wal-Mart, Cadbury, Marcal

Published on June 25, 2010
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader. Wal-Mart Challenges Higher Cape Wind Electricity Costs In a challenge filed with the state, Wal-Mart said the high prices set by a contract between Cape Wind and National Grid will result in higher electricity costs for the...
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‘The Daily Wrap:’ Gap, Best Buy, Giant Eagle

Published on June 24, 2010
Gap Eyes 4 New China Stores Department store retailer Gap Inc. plans to open four new stores in China this year, its first stores in the country, as well as an e-commerce site. Gap intends to open more new China stores, including locations such as Hong Kong, in 2011. Source: Bloomberg Best Buy Opens 3rd UK Store Tomorrow Consumer electronics retailer Best Buy will open its third UK store...
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5 Degrees of Twitter Separation

Published on June 24, 2010
Almost all users on Twitter are within five steps of each other, according to recent data from social media consulting firm Sysomos.Eight in 10 Twitter Users Within 5 Steps or Less
Twitter Separation
On average, Twitter users have five degrees of separation between each other - meaning nearly everyone within Twitter is only five steps away. Of all friendship distances, five steps is the...
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Quarterly Rate of Restaurant Traffic Decline Slows

Published on June 24, 2010
Although overall commercial restaurant traffic declined 2% in Q1 2010, the seventh consecutive quarter of loss, the rate of visit losses began to ease compared to steeper declines in previous quarters, according to The NPD Group.Non-commercial, Fine Dining Fare Worst
Restaurants
Continuing a pattern that developed in Q1 2009, traffic in the non-commercial and fine dining/upscale hotel...
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‘The Daily Wrap:’ Walgreens, Sears, Tim Horton’s

Published on June 23, 2010
Walgreens Net Earnings Drop Drugstore retailer Walgreens reported a drop in Q3 fiscal 2010 net earnings of about 13%. However, Walgreens’ quarterly sales increased about 6%, while comparable store sales rose 0.7%. Source: Walgreens Sears Plans Digital Movie Sales Broadline retailer Sears plans to launch an online store selling digital downloads of movies and TV shows. The store will...
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