‘The Daily Wrap:’ Walgreens, Sears, Tim Horton’s

Published on June 23, 2010 | Comments: 0
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 use the Sonic RoxioNow system, which will be included on TVs and other consumer electronic devices sold at Sears. Source: Bloomberg Tim Horton’s Redesigns US Stores Canadian coffee retailer Tim Horton’s is redesigning US stores to include more comfortable furniture and flatscreen TVs, as well as a more upscale menu. Tim Horton’s is piloting the new store design in select Ohio locations. Source: Nation’s Restaurant News Hugo Boss Plans 60 New Stores Vertical specialty men’s apparel retailer Hugo Boss plans to open as many as 60 new shops this year, a third of which will be in China. Hugo Boss seeks to increase the share of sales from stores and e-commerce from 33% in 2009 to 50% in 2015. Source: Chain Store Age McDonald’s Faces Happy Meal Marketing Suit The Center for Science in the Public Interest (CSPI) is threatening to sue fast food chain McDonald’s for what it terms “predatory” marketing of its Happy Meal kids’ meals. CSPI says the use of toys in marketing Happy Meals is illegal and exposes children to unhealthy food. Source: Examiner.com United Supermarkets Uses Hi-Res Cameras Texas-based United Supermarkets is employing high-resolution surveillance cameras in its 28 stores. Each store has about 40 cameras, with some larger stores having 60 cameras. Source: Supermarket News Obesity Drives Weight Management Ingredients Market A global increase in obesity is driving revenue increases in the global weight management ingredients market. The market earned revenues of $7.5 million in 2008 and is estimated to reach $13.9 million by 2015. Source: Frost & Sullivan Borders Incentivizes E-reader Purchase Book retailer Borders Group, Inc. is bundling purchase of its Kobo e-reader device with a $20 Borders gift card, and double Borders Bucks loyalty points that can be used toward a future Borders purchase. Source: Borders Group, Inc. REI Plans Fall Openings Specialty outdoor equipment retailer REI plans to open two new stores in fall 2010. Stores are slated to open in Columbia, MD and Norwalk, CT. Source: REI Retailers Grow in States with Low to Average Unemployment New store development trends observed in May 2010 show that most new stores were being slated for states with unemployment rates equal to or less than the national monthly average of 9.7%. Source: Retailer Daily Customer Concerns Drive Retail IT Decisions Retailers are focusing on how to better communicate with and serve the needs of their customers as they allocate their IT budgets, according to the recent “RIS News Retail Tech Study.” Source: Retailer Daily

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