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“Target tests new Apple-like format in its electronics department” by John Ewoldt at Star-Tribune. “The discount retailer recently remodeled the departments in several of its stores with waist-height, bright white tables and displays. The move fits a design trend seen in recent years at stores run by Apple Inc. and Best Buy Co. that […]
Highlights from Yesterday’s Walmart Investor Meeting: “Walmart CEO Reports Substantial Progress on Key Strategies” Acknowledging the challenging retail environment, Duke said: “We’re in a tough and unpredictable global economy. The competition is also tough. And the holidays are right around the corner — raising the stakes even further on serving customers and delivering […]
“Walmart’s Mike Duke Kicks Off 20th Annual Meeting Today at 8:50 EST” Watch the Webcast / See the Agenda “Walmart Tops in Food Sales; 2.5 times that of #2 Kroger” by Kim Souza at The City Wire. “The RNG report indicates Wal-Mart’s food and beverage sales this year are roughly 17% of the […]
“Walmart Shelves Cleared in Food Stamp Glitch” by Carolyn Roy at KSLA 12. “Shelves in Walmart stores in Springhill and Mansfield, LA were reportedly cleared Saturday night, when the stores allowed purchases on EBT cards even though they were not showing limits. The chaos that followed ultimately required intervention from local police, and left […]
“The Top 100 Beloved Brands” at Adweek. No Walmart?. Top retail brands: – Whole Foods #8 – Lowe’s #10 – Costco #20 – Target #21 See the Complete List “Fortune’s 50 Most Powerful Women in Business” See the Complete List – #12: Carol Meyrowitz, TJX CEO Read more – #24: Gisel Ruiz, Walmart […]
“Target lays off 150 from its corporate staff in Twin Cities” by Steve Alexander at Star-Tribune. “The move affected workers at the company’s tower headquarters in downtown Minneapolis, an office on Interstate 394 in the city and a campus in Brooklyn Park.Many retailers, including Target, have lowered their financial expectations for the rest of […]
“Costco September Same-Store Sales Climb 3% but Q4 Profit Up Only 1%” by Jessica Wohl at Reuters. “Analysts had expected September same-store sales to rise 3.7 percent, according to Thomson Reuters I/B/E/S. Fourth-quarter net sales rose 1 percent to $31.77 billion.” Read more “Costco’s Announces Q4/September/52 Week Earnings and Sales” Read Company Release […]
“Two-Thirds of $150K+ Households Shop at Dollar Stores” “Dollar stores are popping up all over the US, but it’s not just discount shoppers taking advantage of these discount prices. According to new research from Mintel, just under one-third (32%) of respondents from the highest-income households ($150k+) claim not to shop at dollar stores, and […]