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Target’s Thursday Statement: “With the benefit of hindsight, we are investigating whether, if different judgments had been made the outcome may have been different” by Jennifer Bjorhus at Star-Tribune. “Target confirmed Thursday that the company had detected “a small amount of … activity” by the cyberthieves before the full scale of the breach was […]
“Breaking: Dollar General Same-Store Sales +1.3% in Q4, +3.3% for Year” “We successfully opened 650 new stores, ending the year with 11,132 stores serving customers in 40 states…Net sales increased 6.8 percent to $4.49 billion in the 2013 fourth quarter…Same-store sales increases were driven by sales of tobacco products and perishables.” Read the release […]
“Walmart CFO Charles Holley at Bank of America Conference: Think Small” by Kim Souza at The City Wire. “Holley told the group that there was still room for hundreds, if not thousands more small format Wal-Mart stores. He added that the small formats offer fuel and pharmacy along with an in-store kiosk that allows […]
“Target CMO Jeff Jones Navigates Marketing Post-Security Breach” by Natalie Zmuda at Ad Age. “Though the breach will eventually cease to be top-of-mind for consumers, it’s a given that media reports will drag it back into consumers’ consciousness as the holiday season approaches. “We’re in the early days of planning for that,” Mr. Jones […]
“Lowe’s Goes for the Pros (Home Depot Easiest to Compete With?)” by Ely Portillo at Charlotte Observer. “Mike Horn, Lowe’s vice president of pro services, said that while Home Depot is Lowe’s chief rival, it’s also the easiest to keep tabs on and compete with. The real challenge for Lowe’s, Horn said, is to […]
“Costco’s ‘giant packs of kale’ help draw in younger shoppers” by Angel Gonzalez at Seattle Times. “Richard Galanti said on Thursday’s earnings call that organic beef and “giant packs of kale” help drive in younger customers. Costco can offer big savings on these relatively bigger ticket items and get better profit margins as well, […]
“Costco Same-Store Sales +5% in Q2” “Net sales for the quarter increased six percent, to $25.76 billion, from $24.34 billion last year. Net sales for the first half increased six percent, to $50.22 billion, from $47.55 billion last year.” Read the release “Costco Quarterly Profit Falls 15%” by Anna Prior & Josee Rose […]
“Wal-Mart’s new store ‘tethering’ concept is “Sonic-like” by Kim Souza at The City Wire. “This notion of drive-in has prompted Wal-Mart to explore and test the drive-in depots that are not attached to a supercenter. Simon described the drive-in modular as a “Sonic-like.” Simon did not give specifics about the timeframe for the depot […]