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“Sears Hometown profit tumbles 57%” at Chicago Tribune. “The company, which spun off from Sears last year, earned $9.1 million, or 40 cents per share, off from $21.1 million, or 91 cents per share, a year earlier. Revenue rose 2.2 percent, to $656.9 million, on a small increase in sales at established stores and […]
“The Loyalty Lie” by Doug Stephens at The Retail Prophet. “Loyalty program members are not, in effect, any more or less loyal. What’s worse, according to the same study, is that 81% of loyalty program members don’t even understand what their rewards entitlements consist of or how they’re paid out, which shouldn’t be surprising, given […]
“Industry Trends Might Not Favor Home Depot Much Longer” by Dan Moskowitz at Motley Fool. “Many investors will point to a strong housing recovery in California as a major positive. However, a large portion of the housing boom in California has been thanks to investment firms (and foreign investors) buying properties, not families looking […]
“Web Sales Remain Small for Many Retailers” by Shelly Banjo & Paul Ziobro at WSJ. “Target, for instance, has highlighted its online performance, telling investors last week that its digital sales have grown by double-digit percentages and that it is “moving quickly to ensure we stay relevant in an increasingly digital marketplace.” Asked by […]
“Wal-Mart hits the brakes on expansion in India” by Andria Cheng at Market Watch via Financial Times. “Wal-Mart, which has counted on overseas markets to grow, has suffered a setback and is putting its expansion in India on hold, the Financial Times reported. Wal-Mart hasn’t added a wholesale, or so-called cash-and-carry, shop to its […]
“Wal-Mart suppliers get tutorial on SPARC 2.0” by Kim Souza at The City Wire. “SPARC – the Supplier Portal Allowing Retail Coverage initiative – is being broadly rolled out by Wal-Mart during the next six weeks at roughly 150 stores a day in an effort to raise on-the-shelf availability of products sold by the retailer. […]
“Dollar Tree 2nd-Quarter Earnings Rise 4.6% on Higher Sales” at the Wall Street Journal. “”Sales, customer traffic, average ticket, earnings and operating margin all continue to grow,” said Chief Executive Bob Sasser. “Customers are responding in record numbers to our outstanding values in both discretionary and consumable merchandise categories.” Read more “Walmart summit focuses […]
“Top 10 Things Heard on the Lowe’s Earnings Call” Robert Niblock (CEO) 1) Comparable sales for the quarter were positive 9.6%, driven by a healthy balance of ticket and transaction growth. As expected, we recovered most of the outdoor sales we missed in the first quarter from unfavorable weather conditions. 2) We expect the […]