“Barnes & Noble profit fell to $12.3 million, or 21 cents a share, for the quarter ended Aug. 1, from $15.4 million, or 27 cents a share, a year earlier.” Declining store traffic was largely to blame, according to CEO Steve Riggio. The Wall Street Journal Aug. 20, 2009
Family Dollar Stores Inc.’s fiscal third-quarter earnings jumped 36%. The discount retailer also increased its fiscal-year outlook and projected current-quarter results above analysts’ expectations. The Wall Street Journal July 8, 2009
The self-described “select assortment discount grocer” takes an unusual approach — charging for bags and requiring deposits for grocery carts — but it succeeds at offering deep discounts without coupons. Based in Germany, ALDI operates some 1,000 U.S. stores. Their latest one in Maryland opens this weekend at 98 Chesapeake Blvd., in Elkton, on [...]
Wet, chilly weather in much of the country — certainly the northeast — in June contributed to another poor showing for same-store sales, which are expected to be down by 4.8%, the same rate of decline as in May, when retailers report results tomorrow. The drop would mark the 10th straight month of same-store-sales declines, [...]
Among the key causes: recession-hit families seeking out more food bargains and eating at home. The New York Times June 23, 2009
Yesterday The News Group announced a new service agreement with seventy-five 7-Eleven in the Las Vegas area, effective July 8th. The wholesaler requested initial an distribution at 8 copies for the monthlies and 5 copies for the weeklies. (The complete list of stores appears after the jump.)
Heeding the conventional wisdom that bigger is always better in Texas, Kroger will break into the market with its most up-to-date (and largest at 123,000-square-feet) store at Grand Parkway and Mason Road in Richmond. The store is scheduled to open in October. The Gourmet Retailer May 21, 2009
Wal-Mart swung what would have been a year-over-year loss for the month to a gain of 1.2%, but other retailers reported improvements (either increases or signs of steadying sales). The New York Times May 7, 2009
The National Retail Federation is forecasting a 0.5% reduction in U.S. retail sales this year, the first year-over-year decline in fourteen years. Bloomberg News National Retail Federation Jan. 27, 2009
Battered by the free-fall in the housing market, Home Depot will close its 34 Expo Design Centers, five YardBIRDS, two Design Centers and HD Bath, a bath remodeling business with seven sites. In addition, the company will eliminate 7,000 of its roughly 300,000 jobs, including 500 from the headquarters staff. AP on Yahoo.com (Jan. 26, [...]