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“Dollar General Q1 Comp Sales +1.5% ” “Net sales increased 6.8 percent to $4.52 billion in the 2014 first quarter compared to $4.23 billion in the 2013 first quarter. Same-store sales increased 1.5 percent resulting from increases in both customer traffic and average transaction amount. Sales increases in consumables significantly outpaced the Company’s non-consumable categories, led by increased […]
“Interim Target CEO Says Retailer Had Lost Its Way, Works to Overhaul Corporate Structure” by Matt Townsend at Bloomberg via SF Gate. “John Mulligan said that even before December’s massive data breach, the retailer had lost its way by becoming too cautious and bureaucratic. The theft of credit card data from 40 million customers has forced […]
“Costco Reluctantly Searches the Web for Younger Shoppers” by Kyle Stock at Businessweek. “We’re open-minded, but don’t expect us to go to everybody’s doorstep,” Galanti said. “Delivering small quantities of stuff to homes is not free. Ultimately, somebody’s got to pay for it.” Read more “Home Depot reviews policies as open carry gun […]
“Costco Q3 Comp Sales +5% in U.S.” “Net sales for the quarter increased seven percent, to $25.23 billion, from $23.55 billion last year. Net sales for the first thirty-six weeks increased six percent, to $75.46 billion, from $71.10 billion last year.” Read the release CNBC: “Costco results miss estimates as costs rise” “Warehouse […]
“Walmart Cuts 750 Jobs in Canada” by Kim Souza at The City Wire. “The staff reductions represent less than 1% of total market employment and another 1,300 employees were promoted and 200 store managers were added, according to Alex Roberson, spokesman for Wal-Mart Canada.” Read more “Some Employees Are Furious At Management Payouts […]
“Tampa firm designs first Walmart To Go convenience store” by Susan Thurston at Tampa Bay Times. “Based in Tampa’s Rocky Point, Api(+) started consulting for the retail giant in 1997. It has worked on every store format, including the smaller supercenter at Dale Mabry Highway and Waters Avenue, which became a model for others […]
“BrandZ Top 100 Most Valuable Global Brands 2014 (Amazon #10, Walmart #22, Home Depot #40…)” See the Top 100 List “Target Poaches IPG Mediabrands Exec Kristi Argyilan” by Natalie Zmuda at Ad Age. “Kristi is known nationally as a transformational, digitally savvy marketer,” Jeff Jones, CMO at Target, said in the statement. “As […]
“Interview: Target’s Interim CEO Speaks with Star Tribune” by Kavita Kumar. “John Mulligan is fully aware of those embarrassing photos floating around the Internet — the ones showing empty shelves at some of Target’s Canadian stores and visibly illustrating the company’s inventory struggles up north. “I’ve seen those for far too long, and I […]