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ScanBuy’s first ever ScanLife Mobile Barcode Trend Report, released in September, offered the shocking statistic that mobile barcode scanning had increased 700 percent in the first three quarters of 2010. Well, the holiday season proved to be an even more popular time to scan the night away, as scanning traffic doubled in the fourth quarter, making for 16-fold growth in 2010.
1962 was a very big year for discount retailing, with the opening of the very first Target, Wal-Mart and Kmart locations.
(Updates with statement from CVS.) The Department of Justice said it entered an agreement with CVS Caremark Corp.
Global expansion; sustainable, environmentally friendly business practices; and using smartphones and iPads to reach consumers were the hot topics as retail executives gathered in New York City for the world's largest retail convention.
Helped by stores open at least a year, leading off-price retailer TJX reported a 6 percent gain in December sales, pushing the company to raise its full-year guidance.
Same-store sales in December increased 3.2 percent, representing a decline from the strong performance in November of a 5.6 percent gain in comp store sales, reports Kantar Retail. However, December sales were slightly better than the 3 percent gain in 2009. "It's clear that November's great in-store deals robbed spending from December. And in December shoppers were partial to spending online, perhaps encouraged even more by bad weather late in the month. One key exception was upscale department stores, which saw sales growth hold steady or improve in December," says Frank Badillo, senior economist, Kantar Retail.Abercrombie & Fitch reported
Shares of Kohl's slipped despite reporting a 5.9 percent increase in December sales, helped by higher demand in stores open at least one year and its e-commerce business.
(Updates with analyst comments, further background, fresh stock quote.) NEW YORK (Dow Jones)--Best Buy Co.
Macy’s reported a 4.5 percent improvement in holiday sales that aligned with its expectations, however investors still booed the results, pushing the shares down in morning trade.
Retailers appear to have overestimated the spending momentum of consumers and are delivering December sales numbers that show the poor economy still has the upper hand.
