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Strategy

  • Williams-Sonoma sitting pretty for Q2

    SAN FRANCISCO — Specialty home products retailer Williams-Sonoma is reaping the rewards of a rebounding housing market this second quarter ended Aug. 4.

    The company’s net revenues grew 12.3% to $982 million versus $874 million in the year-ago quarter with comparable brand revenue growth of 8.4%, on top of 7.4% in the year-ago quarter.

  • Report: Twitter hires former Ticketmaster exec to head e-commerce effort

    San Francisco – Twitter has reportedly hired former Ticketmaster president Nathan Hubbard to take the new role of head of commerce. According to Bloomberg, the 38-year-old Hubbard will oversee an effort to enable direct shopping through postings within tweets.

    Hubbard is quoted as saying he does not seek to directly compete with established e-commerce retailers and payment providers but instead hopes to collaborate with them, possibly through a revenue-sharing model. He will report to Adam Bain, head of global revenue at Twitter.

  • Holidays looking happier for Zale

    Surprisingly strong sales at Zale’s nearly 1,700 stores propelled the company to its strongest full year financial performance in six years.

    Zale said total company same store sales for its fourth quarter increased 5.6% and margins expanded which allowed the company to delivered its highest net income in six years for its fourth quarter ended July 31. Same store sales at Zale branded stores were even higher at 8.1% on top of a prior year increase of 12.3% the prior year.

  • DSW Q2 income up 15%

    Columbus, Ohio -- DSW Inc. improved upon its results from the second quarter of fiscal 2012 in the second quarter of this fiscal year, reporting increases in net income, sales and same-store sales. The company had net income of $33.7 million, including net after-tax losses and charges, a 15% boost from reported net income of $29.3 million a year earlier.

    In addition, net sales rose 9.7% to  $562 million. Same-store sales increased 4.4%.

  • Pep Boys Courts Wider Audience

    Small beginnings can lead to big things. That’s certainly true in the case of Pep Boys, which was founded in 1921 by four Navy buddies who pooled together $800 to open an auto parts store in Philadelphia. Today, with some 750 stores across the United States and Puerto Rico, the Philadelphia-based company is one of the nation’s leading auto supply and service providers.

  • McAlister’s Deli franchises 30 new restaurants

    Alpharetta, Ga. — McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far. The Saxton Group has signed an agreement to develop 30 new restaurants in three states over the next six years in Texas, Oklahoma, Kansas, and Missouri. The primary focus will be in the Dallas-Fort Worth and Kansas City markets.

    Three locations included in the agreement have already opened in Midwest City, Okla., Dallas and Sherman, Texas.

    McAlister’s has more than 320 restaurants in 23 states.

     

  • It’s a bad time to be a chicken

    Americans are eating more chicken and paying more to do so, according to leading poultry producer Sanderson Farms.

    The company said its third quarter sales increased 18.3% to $739 million and profits grew 136% to $67.9 million, or $2.95 a share, compared to profits of $28.7 million, or $1.25 a share.

    The strong showing was the result of improved market conditions as whole bird prices remained at historically high prices during the quarter, according to Joe F. Sanderson, Jr., chairman and CEO of Sanderson Farms, Inc.

  • More Effective Procurement

    Generating revenue through electricity contracts

    The U.S. retail and wholesale establishments make up one of the largest sectors of electricity consumption in the nation. And they’re likely to use even more within the next few years, according to the U.S. Energy Information Administration, whose recent annual report indicates that commercial and industrial entities will lead domestic growth in primary energy usage through 2040.

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