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“Ow, Canada: U.S. retailers get the cold shoulder” by Anne D’Innocenzio & Charmaine Noronha at AP via Seattle Times. “Target’s tough time in Canada isn’t unique. Big Lots is closing its 78 Canadian stores, which it bought just two years ago…Best Buy announced last year it was closing 15 of its 260 stores in […]
“Wal-Mart Cries Foul on China Fines” by Laurie Burkitt & Shelly Banjo at WSJ. “In the U.S. and most other countries, it is usually manufacturers, rather than retailers, that have primary responsibility for the quality of the products they sell, whether it is ketchup or dried beef. But in China, the manufacturers “aren’t accountable…(Walmart’s) pushback […]
Family Dollar’s Weak Sales = Wave of Negative Dollar Store Press… “Dollar stores feeling pain from low-income squeeze” by Anne D’Innocenzio at AP via Seattle Times. “Family Dollar CEO Howard Levine told investors on a call that the poor weather led to numerous store closings, disruptions in merchandise deliveries and higher-than-expected utility and […]
March Sales: “Costco comparable March sales up 5%, beat forecast” at MarketWatch. “Growth was strongest in the U.S., where comparable sales climbed 6%. International sales rose 4%. Analysts polled by Thomson Reuters expected same-store sales growth of 3.5%.” Read more “Costco Net Sales +8% in March” Read the release “Family Dollar […]
“Interbrand Releases the 2014 Best Retail Brands Report (Target #2, H.Depot #3, Costco #13)” “Walmart maintains its #1 spot on Interbrand’s 2014 Best Retail Brands list, and even with a 6% decline in brand value it preserves an enormous margin over the next closest brand. Four brands increased their brand value by more than […]
“Walmart moves further into Target territory – 1.5 Miles from Site of First Target” by Tom Webb at Pioneer Press via San Jose Mercury News. “Walmart is in the midst of an aggressive expansion into the Twin Cities metro, a market still dominated by Minneapolis-based Target and supermarket leader Cub Foods. The fact that […]
“California Legislature: Shift Breach Responsibility to Retailers” by Marc Lifsher at LA Times. “Last week, two members of the Assembly touted a bill to strengthen consumer safeguards and limit the type of information collected and retained by retailers. The measure, AB 1710, may trigger one of the year’s biggest disputes over business-related legislation. “It’ll […]
“Sam’s Club CEO Appears on CBS This Morning, Talks business’ focus on “digital transformation,” & micro business growth” by Amanda Cochran. “Though Sam’s Club members still like to shop and enjoy “the thrill of the hunt,” Rosalind Brewer said there’s still growth to be had online. “Currently, you can buy online and pick up […]