Tuesday, May 17, 2011

Wal-Mart gets a boost from Sam's Club

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May 17, 2011News for the retail industry

  Industry Watch 
 
  • Penney's exclusive moves pay off in higher sales, profits
    J.C. Penney's efforts to revitalize its brand and land more exclusive lines helped boost the chain's first-quarter same-store sales, and cost-cutting measures such as eliminating its catalog division and closing under-performing stores led to higher profits, the company reported Monday. In recent years, J.C. Penney has added exclusive lines from designers including Liz Claiborne and added in-store shops from Sephora and Mango. Portfolio.com/Reuters (5/16) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart gets a boost from Sam's Club
    Same-store sales at Wal-Mart rose 4.4% in the first quarter of the year, helping shore up U.S. operations for the world's largest retailer, which reported its eighth consecutive quarter of same-store sales decline at its namesake U.S. stores. The warehouse chain Sam's Club has steadily increased sales and membership during the past two years since former Safeway executive Brian Cornell has led efforts to shift to a more upscale merchandise mix, remodel stores and increase the chain's fresh food selections. The Wall Street Journal (tiered subscription model) (5/17), MarketWatch (5/17) LinkedInFacebookTwitterEmail this Story
  • Publix shutters Little Clinic network after 5 years
    After five years, Publix Super Markets is closing its network of 40 Little Clinic in-store clinics, staffed by nurse practitioners. The chain is terminating a deal with Solera Capital to "focus on its core food and pharmacy" businesses, the company said. Publix has "not decided how to use the space," a spokeswoman said. St. Petersburg Times (Fla.) (5/16) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail trends 
 
  • Department stores enjoy a resurgence
    Department store chains including Macy's, J.C. Penney and Dillard's have all reported strong first-quarter results, illustrating that earlier efforts to boost sales with exclusive lines and moves aimed at attracting younger shoppers are paying off. "They have regained their footing as a place for customers. That is certainly a positive going into what will likely to be a rocky period," said retail strategist John Long. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (5/16) LinkedInFacebookTwitterEmail this Story
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  Retail Technology 
  • ShopSavvy VP shares thoughts on mobile's future
    Mobile-shopping application maker ShopSavvy lets smartphone-armed consumers scan product codes to find the best deal, whether it is in front of them or on a shelf at a store down the street, says executive Matthew Weathers. In this 4-minute video interview, Weathers gives details on how consumers are using the app and shares his thoughts on mobile commerce and PayPal's prospects for becoming "the" digital wallet. AuctionBytes (5/16) LinkedInFacebookTwitterEmail this Story
 
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  NRF News 
  • Research: How retailers and shoppers are using tablets
    With the popularity of tablets spreading like wildfire, NRF's Kathy Grannis digs into new BIGresearch data on the demographics of tablet shoppers and what influences their online purchases using the cutting-edge device. The blog post links to a free report that profiles today's tablet users. Read more. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: May 17, 2011
    The average age of a tablet owner is 36 -- younger than the average smartphone owner and the average adult. Source: NRF survey conducted by BIGresearch. LinkedInFacebookTwitterEmail this Story
 
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  Chain Restaurant News 
  • McDonald's to add self-service kiosks at 7,000 units in Europe
    McDonald's plans to add self-serve ordering and payment kiosks at its 7,000 stores in Europe, as part of a move to add convenience and speed service, the company said this week. Soon, guests will have the option of entering their own orders and swiping a debit card to pay for their meals, a system that will also allow the company the glean more data on customers' ordering habits. The Globe and Mail (Toronto) (5/16) LinkedInFacebookTwitterEmail this Story
  • Report: Fast-casual chains continue to leap ahead
    The fast-casual segment continued to grow at a faster rate than the overall restaurant industry last year, led largely by rapid growth of better burger concepts, Asian and noodle chains and Mexican joints, according to a new report from Technomic. Sales at fast-casual chains rose 6% in 2010 and the number of units grew 3.9%. "This category has essentially blown through the recession without skipping a beat," said Technomic's Darren Tristano. Chicago Tribune (5/16), FastCasual.com (5/16) LinkedInFacebookTwitterEmail this Story
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Purchasing Buyer, National AccountsBed Bath & BeyondUnion, NJ

  SmartQuote 
Don't dream it, be it."
--Tim Curry,
British actor, from "The Rocky Horror Picture Show"


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