‘The Daily Wrap:’ Wal-Mart, CVS, Amazon
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 range of 3.5% to 5.5%. Source: CVS Caremark
Amazon Integrates Facebook Connect
Amazon.com has integrated Facebook Connect into its website to help it improve the relevancy of its purchase recommendations. Source: The Telegraph
Sears Opens Specialty Youth Shops
Broadline retailer Sears is opening specialty store-within-a-store locations called “Now and Here.” The stores will offer fast fashion products for juniors and young men nationwide, and open in August 2010. Source: Sears, Roebuck & Co.
Price Chopper Goes Local
Supermarket chain Price Chopper is promoting local produce. The retailer’s Facebook fans can receive a $5 coupon for $15 off a locally grown produce purchase, among other online promotions. Source: Supermarket News
Few E-Retailers Send Automated Welcome Series
Only 1% of retailers on the Internet Retailer 500 send a series of automated welcome messages to new subscribers, according to a recent white paper from marketing services and solutions provider Listrak. Source: MarketingCharts
As Retail Gets Social, Will It Finally Nail Search?
As social retail gains momentum, it is fair to ask whether the retail space will finally upgrade its search functionality, which has been unpardonably lagging for years. Source: MarketingVox
Baskin-Robbins Celebrates End of Natl Ice Cream Month
Ice cream retailer Baskin-Robbins is marking the end of National Ice Cream Month on Saturday, July 31 with a 31-cent extra scoop of ice cream on all purchases in select markets. Source: Baskin-Robbins
State of US Same-Store Sales - June 2010 Data Update and Full-Year Outlook
Retailer Daily has compiled comparable store sale data from the SEC filings of 26 major US retailers spanning several years, up to the most recently released June 2010 numbers. Source: Retailer Daily
Women Drive Online Retailing
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. Source: Retailer Daily