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  • Sears, Kmart help support Irene recovery efforts

    NEW YORK — Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

    Sears and Kmart stores will offer discounts on recovery items in stores throughout Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Vermont.

    Key discounts include:

    Kmart:

  • Whole Foods testing Wellness Club concept

    New York City -- Whole Foods Market is testing membership-only Wellness Clubs in select locations, with the initial site in the chain’s store in Dedham, Mass., USA Today reported. Four additional sites are expected to open this fall.

    The company is charging a one-time fee of $199, with monthly membership dues of $45, according to the report, for which members will receive lifestyle evaluations, classes in nutrition, cooking and health and 10% off on 1,000 “better-for-you” foods sold in Whole Foods.

  • Back-to-school ads didn’t make the grade

    Target failed to crack a ranking of the top 10 most effective back-to-school ads compiled by Ace Metrix that was dominated by retail competitors and technology companies.

  • Cost Plus 2Q loss widens, comps gain slightly

    OAKLAND, Calif. — Cost Plus reported that net sales for the second quarter of fiscal 2011 were $197.9 million, a 3.2% increase compared with $191.8 million for the second quarter of fiscal 2010. Same-store sales for the second quarter of fiscal 2011 increased 2.8% compared with a 6.5% increase for the second quarter last year. The increase in same-store sales for the second quarter was due to an increase in customer count of 5.5% offset by a 2.5% reduction in the average ticket per customer, the company reported.

  • 2Q loss widens for Sears Holdings

    HOFFMAN ESTATES, Ill. — Sears Holdings turned in disappointing sales and earnings for its second quarter as the company strives to turn around its performance in a weaker consumer spending environment.

    Sears Holdings reported a net loss of $146 million, or $1.37 per diluted share, for the second quarter compared with a net loss of $39 million, or 35 cents per diluted share for the same period last year.

  • Ross Stores profit rises 15% in Q2

    Pleasanton, Calif. -- Ross Stores reported Thursday that profit for the quarter ended July 31 rose 15% to $148.3 million, compared with $129.3 million a year earlier.

    Sales for the quarter increased 9% to $2.1 billion, and same-store sales rose 5%.

    “Our ability to increase the percentage of fresh name brand bargains our customers see, while also strictly controlling inventories and expenses, has enabled us to capitalize on our favorable position as a value retailer," said Michael Balmuth, vice chairman and CEO.
     

  • Sears Holdings loss widens in Q2, misses Street

    Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its losses for the second quarter widened more than expected to $146 million, compared with a loss of $39 million in the year-ago period.

    The operator of Sears and Kmart stores cited aggressive merchandise markdowns as one reason for the poor performance. This is the second consecutive quarterly loss of the company, and its fourth in the last five quarters.

  • Dick's Sporting Goods Q2 net income surges 43%

    Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended July 30 rose 43% to $73.8 million, compared with $51.5 million in the year-ago period.

    Revenue rose 7% to $1.31 billion from $1.23 billion. Same-store sales increased 2.5%.
     

  • The outlook on the outlook

    Target has a lot of things going right for it right now with some decent sales momentum and a mix of current and long term initiatives to drive growth. Even so, Target is in the same boat as other retailers who are posting solid profits, but doing so in an uncertain economic climate where fragile consumer confidence makes it hard to get to aggressive when it comes to forecasting future performance.

  • Office Depot launches mobile back-to-school promotion

    New York City -- Marketing technology company SpyderLynk and Momentum Worldwide announced Friday that Office Depot has launched a national back-to-school mobile campaign that was developed by Momentum, using SpyderLynk’s 2D mobile barcode SnapTag technology.

    The campaign offers back-to-school shoppers the opportunity to save through in-store mobile gift card giveaways and other discounts.

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