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Archives » August 2010
‘The Daily Wrap:’ Burger King, Toys R Us, Papa Murphy’s
Burger King Opens 249 Net Global Stores
Fast food hamburger retailer Burger King opened 249 net new global stores during its recently-concluded fiscal 2010, including 59 net new stores in the US. Global revenues dropped 1% during the fiscal year. Source: Burger King Holdings, Inc.
Toys R Us Selects Retail Sense
Toy retailer Toys R Us has selected the Retail Sense marketing communication...Continue Reading »
Technology Uncovers ‘Clean’ Fraud
New technology can help retailers uncover hard-to-detect "clean" fraud, according to a white paper from Cybersource.Criminals Get More Sophisticated
According to "Staying Ahead of the Challenge," fraudulent transactions increasingly display the characteristics that non-fraudulent transactions typically display. Billing address data and card verification numbers (CVNs) match the...Continue Reading »
‘The Daily Wrap:’ Staples, GameStop, Dollar General
Staples Grows North American Retail Sales 2%
Office supply retailer Staples, Inc. improved Q2 fiscal 2010 North American sales 2% in US currency. Comparable store sales for the second quarter of 2010 were flat versus the second quarter of
2009, reflecting increased customer traffic, offset by lower average order size. Source: Staples, Inc.
GameStop Goes Digital
Videogame retailer...Continue Reading »
Back-to-School Shoppers Go Online
One-third of back-to-school shoppers are conducting at least half of their back-to-school shopping online this year, according to the Compete Online Shopper Intelligence Study.Back-to-School Shoppers Buy Most Electronics Online
On average, back-to-school shoppers will conduct 70% of their electronics shopping online this year. Electronics are by far the most...
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‘The Daily Wrap:’ Dell, Google, Rue La La
Dell Grows Revenue 22%
Online consumer electronics retailer Dell increased total company revenue 22% in Q2 fiscal 2010. Operating income grew 11%. Source: Dell Inc.
Google Acquires Like.com
Google has acquired Like.com, a visual search engine for shoppers. Terms of the deal were not disclosed. Source: Like.com
Rue La La Fashions a Niche
The first e-mail notifying Rue La La members about...Continue Reading »
Average Family Completes Close to Half of Back-to-School Shopping
The average US family has completed 43.2% of their back-to-school shopping, according to new data from the National Retail Federation (NRF) and BIGresearch.2010 Spending Outpaces 2009
Results from the Back-to-School Consumer Intentions and Actions survey indicate that at the equivalent time period last year, the average American family had only completed 41.6% of their back-to-school...Continue Reading »
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Credit Card Satisfaction Climbs, Loyalty Declines
Overall customer satisfaction with credit cards has rebounded from a three-year low in 2009, but loyalty to specific credit card brands continues declining, according to [pdf] the J.D. Power and Associates 2010 U.S. Credit Card Satisfaction Study.Satisfaction Up, But Most Willing to Switch
Overall credit card satisfaction in 2010 averages 714 on a 1,000-point...
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‘The Daily Wrap:’ Target, Starbucks, Fresh & Easy
Target Grows Retail Sales 4%
Discount retailer Target Corporation increased retail sales 3.8% in Q2 fiscal 2010. Gross margin slightly grew from 31.9% to 32%. Source: Target Corporation
Starbucks Seeks More Products in Grocery Stores
Starbucks Corp. is planning to use its coffee shops as a testing ground to get more products into grocery stores, according to a growth plan Chief Executive...Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Target, Nordstrom
Wal-Mart Grows Net Sales 3%
Discount retailer Wal-Mart Stores, Inc. increased net sales 2.8% to $103 billion in its Q2 fiscal 2011. Other quarterly results include growth in consolidated operating income and decline in U.S. comparable store sales. Source: Wal-Mart Stores, Inc.
Target Uproots Garden Centers
Discount retailer Target Corp. is closing all of its 262 garden centers due to...Continue Reading »
Q2 E-commerce Sales Total $39.7B
US retail e-commerce sales for Q2 2010, adjusted for seasonal variation but not for price changes, were $39.7 billion, according to the Census Bureau.Adjusted E-commerce Sales Rise 14% Annually
Adjusted retail e-commerce sales in Q2 2010 totaled $39.7 billion, an increase of 2.6% from $38.7 billion in Q1 2010 and 14% from $34.8 billion in Q2 2009. They accounted for 4.1% of total...Continue Reading »