Archives » July 2010

‘The Daily Wrap:’ Michaels, Wal-Mart, Redbox

Published on July 30, 2010
Michaels Debuts New Store Design Specialty arts and crafts retailer Michaels Stores is debuting a new store design Sunday, August 15, 2010 in Fort Lauderdale, FL. The new design, which Michaels plans to expand nationwide, includes more open spaces, warmer colors and an expansion and reorganization of the scrapbooking, jewelry, and kids department. Source: Fort Lauderdale Sun-Sentinel Se Continue Reading »

Self-serve Regular Gas Price Slightly Drops in July – Update

Published on July 30, 2010
The average price for a gallon of self-serve regular gasoline has edged down 0.4% since June 2010, according to the American Automobile Association (AAA) Fuel Gauge Report.As of July 30, 2010, the average price for a gallon of self-service regular gas in the U.S. was $2.74 (all price estimates are rounded up to the nearest whole penny), a 0.4% decrease from $2.75 one month ago. The price...
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‘The Daily Wrap:’ Wal-Mart, CVS, Amazon

Published on July 29, 2010
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...
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Women Drive Online Retailing

Published on July 29, 2010
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...
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‘The Daily Wrap:’ Supervalu, Winn-Dixie, Uno

Published on July 28, 2010
Supervalu Net Sales Drop Supermarket retailer Supervalu reported a roughly 9% drop in Q1 fiscal 2011 net sales. Supervalu also reported declining net and operating earnings. Source: Supervalu Inc. Winn Dixie Plans 30 Store Closures Southeastern supermarket retailer Winn-Dixie Stores, Inc. will close 30 non-remodeled, underperforming stores. The company will also consolidate its four...
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Target No. 1 in FSI Pages

Published on July 28, 2010
Target circulated more free standing insert (FSI) pages than any other retailer during the first half of 2010, according to Kantar Media.Target Circulates 1.3B Pages
Top Retailer FSIs
Target continues to lead all retailers in number of FSI pages circulated with more than 1.3 billion pages, up 66.9% compared to the first half of 2009. Dollar General had the largest actual increase based...
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‘The Daily Wrap: Sears, Fuddruckers, Wal-Mart

Published on July 27, 2010
Sears Launches Digital College Program Sears and Kmart have launched the "Campus 2010" digital program, centered around a Facebook page called "Sears Campus Connection," which provides several features that serve as a resource for teens in preparing for campus life. Features include a wish list, social shopping, and roommate interactions. Source: Sears Holdings Corporation Luby's...
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Digital Coupon Savings Double

Published on July 27, 2010
Savings generated from digital coupons doubled between June 30, 2009 and June 30, 2010, according to Coupons.com.Digital Coupons Produce $1B in Savings
Digital Coupon Spending
More than $1 billion in digital coupon savings was printed or loaded to a store loyalty card via Coupons.com and the Coupons.com network in the last 12 months. This represents about 100% growth from $529 million...
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‘The Daily Wrap:’ McDonald’s, Applebee’s, GGP

Published on July 26, 2010
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...
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Recession Alters Brand Perception

Published on July 26, 2010
The ongoing economic recession has changed how consumers perceive food and CPG brands, according to a new study from Deloitte.Price Trumps Brand Consumers are far more likely to have become more price conscious, rather than brand loyal, as a result of the recession, according to the "2010 Great American Pantry Study." Sixty-one percent of consumers said they are more price conscious,...
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