‘The Daily Wrap:’ Family Dollar, Kroger, Fresh & Easy

Published on April 08, 2010 | Comments: 0
Family Dollar Q2 Income Rises 33% Dollar store retailer Family Dollar reported a 33.4% increase in Q2 fiscal 2010 net earnings. Quarterly sales rose about 5%. Source: Family Dollar Kroger Closes 20 Health Clinics Supermarket retailer Kroger has closed 20 of its Little Clinic in-store health clinics. Kroger says it remains focused on strengthening the Little Clinic business model. Source: Nashville Business Journal Fresh & Easy Targets Hispanics Specialty grocery retailer Fresh & Easy, which operates 145 stores in the western U.S., is attempting to attract Hispanic consumers due to their population density in many areas where Fresh & Easy operates. The retailer’s push includes a Spanish-language website and advertising campaign, as well as localized product assortments. Source: The Daily Telegraph Pep Boys Sales Drop, Earnings Rise Auto parts retailer The Pep Boys reported declining sales but improving earnings for both Q4 and fiscal year 2009. Pep Boys expects a single-digit total sales increase during fiscal 2010, driven by openings of new service and tire center stores. Source: The Pep Boys – Manny, Moe & Jack 4 in 5 Americans Rate Economy Fair or Poor A new nationwide survey issued by Citi, and conducted by Hart Research Associates, shows that American consumers continue to take a sober view of the nation’s economy and their local economy. Source: Citi Display Campaigns Drive as Much as 50% of Retailer Site Traffic Eighty-five percent of visitors to the Walmart.com and Target.com e-commerce sites were exposed to a display ad for the retailer either before or after the site visit. Of those who were exposed, more than half were exposed before visiting the retailer site. Source: compete Canadian Tire Focuses on Core Business Canadian general merchandise retailer Canadian Tire focusing on its core retail business, exceeding customer expectations and driving efficiencies across the business to generate growth during the next three to five years. Canadian Tire is forecasting annual topline retail growth of 3-5% in that time period. Source: Canadian Tire Corporation Twitter Fuels iPad’s Big Buzz, but Sentiment Generally Neutral Of all channels contributing to consumer generated media around iPad, Twitter was the clear leader for sheer volume. Based on Nielsen buzz data, consumer sentiment about the iPad, while leaning positive, is predominantly neutral as users are just getting their first look at the multitasking device and are considering the value of its features. Source: The Nielsen Company Consumer Credit Backslides A backslide in the non-revolving U.S. consumer credit sector helped decrease the overall U.S. consumer credit score for February 2010. Source: Retailer Daily Hispanics Create More than Half of Food Growth Hispanics have become the most important U.S. demographic growth driver in the food, beverage and restaurant sectors, according to data from Hispanic market research firm Latinum Network. Source: Retailer Daily Weak '09 Drives Strong March '10 Sales Results Poor U.S. retail industry performance in March 2009 helped drive positive year-over-year sales growth in most retail sectors, according to MasterCard Advisors’ Spending Pulse. Source: Retailer Daily Chain Store Sales Dramatically Rise at End of March Warm weather and the impending Easter holiday drove strong chain store sales performance [pdf] during the last two weeks of March 2010. Source: Retailer Daily

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