‘The Daily Wrap’: McDonald’s, eBay, Family Dollar
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.
McDonald’s Vancouver 2010 Olympic Games
Fast food retailer McDonald’s has been named official restaurant of the upcoming 2010 Winter Olympics in Vancouver, Canada and will be its only branded food service retailer. McDonald’s will build three new Olympic venue restaurants. Source: McDonald’s
eBay Launches ‘The Inside Source’
Online auction retailer eBay is releasing “The Inside Source,” a new digital magazine aimed at eBay customers. The daily online publication will feature original articles, analysis and opinions from journalists as well as eBay community contributors. Source: eBay
Family Dollar: The New North Pole for Holiday Shoppers
Dollar store retailer Family Dollar is launching a toy price reduction campaign on December 1, 2009 that will last through the holiday shopping season. Hundreds of toys and gifts will be priced at $5 or less. Source: Family Dollar
Meijer Drops Prices on More than 400 Toys
Regional discount retailer Meijer is reducing the cost of more than 400 toys as part of its ongoing price drop program, which offers unadvertised price reductions on goods. Meijer is dropping prices across virtually all toy categories, with discounts up to 30%. Source: Meijer
GameStop May Reconsider Digital Strategy
Video game/entertainment software retailer GameStop Corp., which in June 2009 was reportedly expecting digital video game distribution to not pose a significant threat to in-store sales until 2014, may be reconsidering that notion. Yesterday, GameStop appointed Shawn D. Freeman to the newly created position of SVP and GM of Digital Business. Source: Retailer Daily
MinuteClinic to Cut 150 Jobs
A scheduled shift of its headquarters from Minneapolis, MN to Woonsocket, RI will result in the elimination of 150 jobs at retail walk-in clinic operator MinuteClinic during 2010. Source: Retailer Daily
Judge Sets Dec. 8 CIT Bankruptcy Hearing
Judge Allan L. Gropper of the U.S. Bankruptcy Court, Southern District of New York, set a December 8, 2009 date for a hearing to consider a prepackaged Chapter 11 bankruptcy restructuring plan from bank holding company CIT Group Inc. CIT initially filed the plan on Sunday, November 1, 2009. Source: Retailer Daily
7-Eleven Turns on the TV
Convenience retailer 7-Eleven is creating a digital TV network for display in its more than 6,200 U.S. and Canadian store locations. Upon full deployment, the network is expected to offer around-the-clock programming to more than 190 million monthly viewers. Source: Retailer Daily
Rite Aid Rewards Loyalty
Drugstore retailer Rite Aid is attempting to strengthen its position against national powerhouse competitors CVS Caremark and Walgreens with a new pilot customer rewards plan. Source: Retailer Daily
