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September store sales top expectations
CNN Money    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Retailers reported strong sales results for September as shoppers loaded up despite the still-struggling economy. Thomson Reuters, which tracks same-store sales for a group of 28 national chains, said total sales for the group rose 2.8 percent in September, better than its initial forecast of a 2.1 percent gain in the month. Sales were up 3.2 percent in August. Same-store sales, an important gauge of a retailer's health, measure sales at stores open at least a year. They have been on the rise for 13 months in a row, according to Thomson Reuters. More



PRSM Webinar on October 13: Strategies to keep
bed bugs out of your store

PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bed bugs have received front page placement all summer, leaving shoppers to wonder if retail outlets are safe. With all the bed bug information out there, it's necessary to know the facts about this pest and how it can affect retail environments. Learn how to identify bed bugs and bed bug harborage areas, proactively manage bed bug infestations and effectively address the bed bug issue with store staff, senior managers and customers. More

Retail experts see rosier holiday season
Reuters via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retailers should see their best Christmas sales in four years as consumers now show some inclination to spend money despite a minimal recovery in the economy, according to series of recent forecasts. Still, discounters are likely to be among the most popular shops because consumers remain cautious, experts said. The National Retail Federation forecast a 2.3 percent increase in sales in November and December, which would be the best performance since 2006. But even that increase would leave holiday sales below the $452.79 billion posted in 2007, before the housing bubble burst and the stock market tumbled. More

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Kohl's sends jolly message
Milwaukee Journal Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With retailers setting their sights on a modestly better holiday shopping season, Kohl's Department Stores said it anticipates hiring 40,375 workers nationwide - about 21 percent more than last year - for the annual sales push. The announcement by the Menomonee Falls, Wis.-based retailer came on the same day the National Retail Federation predicted a 2.3 percent rise in sales to $447.1 billion in the coming holiday season. More

Weather cools, sales hot at Walgreens
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
September was a good month for Walgreens, as the drug store chain reported a 5.3 percent increase in its sales, compared with the same time last year. Sales totaled $5.64 billion, compared with $5.36 billion in September in fiscal 2010. Walgreens also attributed its sales increase to its Duane Reade acquisition, which contributed 2.8 percentage points to the total sales increase for the month. More



Home Depot pledges $1 million to Habitat for Humanity
Atlanta Business Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Home Depot Inc. has partnered with MasterCard Worldwide to pledge up to $1 million to Habitat for Humanity to observe "Energy Awareness Month." The Atlanta-based home improvement retailer said 10 percent of the appliance price of all purchases of Energy Star qualified appliances made with a MasterCard card at Home Depot through Oct. 31 (excluding taxes, delivery, installation fees and returns) will be donated to Habitat for Humanity International up to $1 million. More

Talbots to close 75 to 100 stores over the next three years
The Patriot Ledger    Share    Share on
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Talbots Inc. plans to close 75 to 100 stores during the next three years by shutting down targeted shops after their leases expire. Talbots officials sought to reassure analysts during a conference in New York that the company's turnaround plan is still on track. However, the executives lowered their revenue expectations for the current quarter and the full year, prompting Talbots' stock to drop by 14.6 percent to close at $10.71 a share. More



Restaurant sales signal 'resiliency' of consumer spending
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sales at DineEquity Inc., parent of Applebee's Neighborhood Grill and Bar, are rising at restaurants open for at least 18 months, thanks to its new Sizzling Skillet entrees starting at $8.99. BJ's Restaurants Inc. and The Cheesecake Factory Inc., based in based in Huntington Beach and Calabasas Hills, Calif., also are reporting more revenue this year, indicating consumers are eating more at casual eateries. Cheesecake's meals, for instance, range from $5.95 to $27.95. More

Brazil to open 50 malls in two years
International Council of Shopping Centers    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At a time when no or few new malls are being built in some European countries and the United States, Brazil will close 2013 with 456 malls, 64 more it had in 2009. Fueling this development boom is raising retail sales. Shopping centers are projecting to close this year with sales of $52 billion, up 12 percent from last year. And despite this substantial expansion of retail space, Brazil's occupancy rate this year is 97.2 percent. More



Family Dollar to repurchase $250 million of its shares from Wells Fargo
FOX Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Family Dollar Stores announced its plan to buy back $250 million of its shares from Wells Fargo. Under the accelerated share repurchase agreement, which will add to its earlier $750 million authorization, Family Dollar will use cash on hand to pay the bank on Oct. 7 for a number of shares that will be determine based on average prices during a specified period. More

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