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Budgets/Spending/Market Size

  • Dollar Tree posts larger-than-expected Q4 profit

    Chesapeake, Va. -- Dollar Tree Inc. reported Wednesday a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

    Sales climbed 15.4% to $2.25 billion, boosted by an extra week in the quarter. Wall Street expected $2.23 billion in sales. Same-store sales increased 2.4%.

  • Survey: Most online shoppers not deterred by higher shipping costs

    Whiting, Ind. -- Research released Wednesday by CouponCabin.com showed that more than half of U.S. adults’ online shopping habits won’t be impacted by rising shipping costs.

    According to the survey, conducted by Harris Interactive for CouponCabin.com, 51% of those polled said they are neither more or less likely to shop online, even with potentially increasing shipping costs. An additional 7% said they are more likely to shop online.

  • POS terminal numbers continue strong growth, despite smartphone popularity

    Franklin, Tenn. -- The overall penetration of POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012, according to The POS Vendor Shipments Database, released Wednesday by IHL Group. Growth is expected to continue at 3.6% worldwide for 2013.  

  • 7-Eleven targets 50,000 stores by end of Q1

    Dallas -- 7-Eleven announced Tuesday that the company achieved record store growth in 2012 and expects the number of 7-Eleven stores worldwide to pass the 50,000-store mark by the end of the first quarter.

    The c-store chain added nearly 5,000 stores globally in 2012; 1,000 were in the U.S. and Canada. At year’s end, 7-Eleven operated 49,500 stores in 16 countries.

     

  • Report: Always-on consumers, showrooming among 2013 retail trends

    New York -- A new report by Experian Marketing Services finds that several key retail trends will impact how marketers shape their messages in 2013.

    According to the 2013 Digital Marketer Report, consumers today are multi-device and multichannel shoppers, forcing digital marketers to adapt and evolve their message to reach consumers across channels and all along the path to purchase.  

  • Expect big deals in 2013, says BDO

    CHICAGO — If the folks at BDO are to be believed, the OfficeMax/Office Depot merger will be just one of many potential deals forged in 2013.

  • Consumer confidence rebounds in February

    New York -- Consumer confidence rebounded in February, reversing three straight months of declines, according to The Conference Board, a private research group. The Conference Board’s closely-watched Consumer Confidence Index stands at 69.6, up from 58.4 in January. Economists had expected 60.5, according to research firm FactSet.

    It was the highest reading since November’s 71.5 metric.  

  • Walmex capital spending up

    New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.

    The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.

    "We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported.

     

  • Newell Rubbermaid reaffirms outlook

    ATLANTA -- Newell Rubbermaid announced it will reaffirm its fiscal year 2013 outlook, as provided in its fourth quarter 2012 earnings press release dated Feb.1, 2013, during its presentation Thursday at the Consumer Analyst Group of New York (CAGNY) conference.

    The company’s guidance and key assumptions for the full year 2013 are as follows:

    • Core sales increase of 2% to 4%.

    • Net sales are expected to grow 1% to 3%

  • Toy maker Jakks posts disappointing earnings

    MALIBU, Calif. — Toy maker Jakks Pacific reported that net sales for the fourth quarter of 2012 were $133.5 million, compared with $141.1 million reported in the comparable period in 2011.

    The reported net loss for the fourth quarter was $119.5 million, or $5.45 per diluted share. This compares with a net loss of $20 million, or 77 cents per diluted share.

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