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Costco Wholesale Corporation Reports November Sales Results. Costco Wholesale Corporation today reported net sales of $8.15 billion for the month of November, the four weeks ended November 25, 2012, an increase of nine percent from $7.51 billion during the similar four-week period last year. https://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-newsArticle&ID=1762306&highlight= “Walmart comes to India: Can mom and pop stores play […]
“Online sales jump on Cyber Monday, eBay shines” by Alistair Barr at Reuters. “Online sales were up 25.6 percent as of 3:00 pm EST on Monday, compared with the same period a year ago, according to International Business Machines Corp which tracks transaction data from 500 U.S. retail websites. In 2011, Cyber Monday year-over-year […]
What’s happening today: Shoppers showed up in force both in-store and online this Holiday Weekend; Cyber Monday is upon us and a reminder of Amazon’s online retail strength. Thanksgiving Day Promotions Win Over Millions of Holiday Shoppers, According to National Retail Federation. Highlights of report: According to the survey, a record 247 million shoppers […]
Happy Black Friday!! “To Lure Shoppers, Wal-Mart Tries Same-Day Delivery” by Jeff Brady at NPR News (audio and text). Walmart testing same day delivery in Northern Virginia, Philly, Minneapolis, San Jose and San Francisco during holidays. https://www.wbur.org/npr/165592058/to-lure-shoppers-wal-mart-tries-same-day-delivery “Canadian retailers cast ‘Black Friday’ net to keep shoppers at home — and spending” by Vito Pilieci in […]
Worker Organization Files Federal Charge against Walmart. “The planned strikes, which OUR Walmart members announced would be part of 1,000 store protests on and leading up to Black Friday, are in protest of Walmart’s ongoing attempts to silence workers for speaking out for better jobs. Because the planned strikes are in protest to unfair labor […]
Yesterday’s Lowe’s Q3 Earnings Call Highlights Heard on the Call… Strategy In the US, Lowe’s is focused on two large bodies of work this year — value improvement and product differentiation. Through these efforts, Lowe’s expects to deliver comp transaction growth and better gross margin by localizing assortment (i.e. store clustering), driving excitement in stores […]
Breaking this morning…Lowe’s Q3 Earnings Lowe’s Reports Third Quarter Sales and Earnings Results. Highlights: Q3 comparable comp sales +1.3% (vs. Home Depot Q3 comp sales +4.2%) Q3 net earnings of $396 million, a 76% increase vs. same period a year ago (vs. Home Depot Q3 net earnings of $947 million) Lowe’s full year anticipated sales […]
Highlights from Target Q3 Earnings Call on 11/15/12 Q3 US sales increased 3.4% to 16.6 billion in third quarter 2012 from 16.1 billion last year Q3 US comp +2.9% Heard on the call… Online: Free wi-fi now rolled out across the chain. Target sees a halo effect from stores to their online site. Not currently […]