Comparable-store sales (comps) increased 1.8%. Comps were strongest in food and health and beauty; apparel and home comps increased, while hardlines comps declined. Traffic was referenced as “healthy.'
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"Stores enjoy inevitably higher retail sales figures,” Bruce Fair from Kelkoo told CNBC Thursday, explaining he’s not sure why Zara, Gap and H&M have taken so long to get online.
Saks Incorporated reported net sales of USD 159.3 million for the four weeks ended August 28, 2010, a 0.9% decrease over numbers reported for the same period in 2009. Comparable-store sales (comps) increased 1% during the month. The comps were negatively impacted due to reduced levels of clearance inventory. The increase in comps was positively impacted by strong performance of women's shoes, fine and fashion jewelry, dresses, cosmetics, and women's designer and WEAR apparel. In addition, Saks Direct performed well during the month. Year-to-date (YTD) sales were USD 1,399.5 million, up 5% compared to USD 1,332.3 million in the
Dollar General Corp. said Tuesday that its net income rose 52% as more customers shopped the discount store and spent more money when they did. The chain boosted its full-year profit outlook.For the period that ended in late July, the retailer earned $141.2 million. Excluding an early repayment of some long-term debt, the company earned $145.1 million. Last year, Dollar General posted net income of $93.6 million.Revenue of the quarter rose 10.8% to $3.21 billion. Same-store sales were up 5.1%.As previously announced, Dollar General plans to open 600 new stores and remodels or relocates another 500 stores in its
Borders Group reported Wednesday that its loss widened to $46.7 million in the second quarter, compared with a loss of $45.6 million last year. The retailer cited lower revenue for the widened loss.Revenue fell 12% to $526.1 million, from $594.2 million. Same-store sales fell 6.8%.The bookseller said it will add more items besides books in its stores to boost revenue. It is turning its focus to the children’s department by adding more educational toys and games, as well as selling the Build-A-Bear craft kits, and has lowered e-reader prices to drive sales.The company received a $25 million private investment
Genesco reported Wednesday that it lost $2.4 million in the quarter ended July 31, compared with a loss of $2.7 million a year earlier. Sales rose 9% to $364 million, from $335 million. Same-store sales increased by 3%.� By banner, the Lids Sports Group's same-store sales increased 7% and the Journeys Group 2%, while Johnston & Murphy Retail's same-store sales were flat and the Underground Station Group declined 4%.Genesco sells footwear, headwear, sports apparel and accessories in more than 2,260 retail stores in the United States and Canada, under various banners, including Journeys, Johnston & Murphy, and Lids.
Plus-size retailer Charming Shoppes reported Wednesday a loss of $8.6 million in the quarter ended July 31, compared with a profit of $5 million in the year-ago period.Sales for the quarter dipped 1.8% to $517.6 million. Same-store sales increased 1%, and e-commerce sales rose 36% to $30.5 million.Jim Fogarty, president and CEO of Charming Shoppes said that the company is “an operating turnaround, and my team and I are focused on the success of that turnaround.”The retailer made a number of executive changes during the quarter, including the appointments of a new president at Fashion Bug, a new president
DSW reported Tuesday its second-quarter profit more than tripled as revenue rose 12%. The results beat analysts' expectations.For the three months ended July 31, DSW said net income rose to $23.5 million, from $7.6 million a year ago.Revenue rose to $415.1 million from $369.5 million last year, nearly matching analyst expectations of $415.5 million.Same-store sales rose 12%.
Aside from texting within conferences and the use of apps as repeat business tools, what has mobile to show for its role in B-to-B marketing? It's time to acknowledge the apparent lack of publicized success stories or frank discussion over the challenges of mobile B-to-B marketing.
Regional independent Meijer is piloting a new iPhone App developed to help shoppers locate products in the store, find sale items, and even view the exact location of their car in a Meijer parking lot. Called, Find-It, the free App -- now available for iPhone, iPod Touch and Android devices -- is the first offered by a grocer to offer a location-based mapping and search platform via a mobile application. “We think our customers will love the fact they can instantly find any item in the store without requiring assistance,” said Elizabeth Wilson, online/mobile marketing specialist for Meijer. “Saving