Budgets/Spending/Market Size

Old Bridge, N.J. — Thanks to absorptions of numerous empty big-box space on Route 22, the vacancy rate in retail properties along northern New Jersey’s six major shopping corridors inched own to 8.1% from a high of 8.2% a year ago, according to the latest survey by R.J. Brunelli & Co.

Deerfield, Ill. -- Walgreens reported that same-store sales for the month of August rose 4.8%, beating Wall Street expectations of a 2.9% gain.

Results included a 6.4% gain from the pharmacy and a 2.2% rise from the front-end.

Total revenue for August rose 6% to $6.17 billion.

When Walmart lowered its full year sales forecast last month the company said customer were being cautious with their spending. Maybe so, but that wasn’t the case in new car showrooms were automakers reported record sales and in the process created new holiday headwind for Walmart and other retailers.

Camp Hill, Pa. -- Rite Aid Corp. saw same-store sales edge up 1.1% in August, hurt by a 1.7% front-end same-store sales drop. Pharmacy comps rose 2.5%.

For the quarter, total sales edged up 0.7% to $6.25 billion, and same-store sales rose 1%.

Retailers were already leery about the outlook for consumer spending this holiday season and reports Wednesday of record auto sales in August only add to the concern.

Both Walmart and Target reported disappointing second quarter sales and tempered their outlook for the full year. Conversely, car salespeople across the country were clinking champagne glasses and cashing commission checks as their employers, everyone from Mazda to Honda to Porsche and Ford, said August was a record month.

Atlanta -- Small businesses are optimistic with regards to the upcoming holiday season, with 41% of businesses expecting a much stronger holiday season in 2013 than 2012, according to a survey by Kabbage, an online provider of working capital.

Small businesses also plan to increase their borrowing for the remainder of 2013 in order to meet the robust demand, the survey reported.  

Other key findings from the survey include:

Austin, Texas – U.S. consumers are dramatically increasing their usage of online and mobile coupons. According to the latest Shoppers Trend Report from RetailMeNot and The Omnibus Company, while printable coupons remain the most widely used type of coupon (60%), online coupon usage has nearly doubled (29% compared to 16% three years ago) and mobile coupon usage has nearly tripled in the past three years (10% compared to 4% three years ago).

Ninety-two percent of consumers use some type of coupon. Other notable findings include:

CHICAGO — The Hillshire Brands Company has signed an agreement to acquire the maker of Golden Island jerky products.

Terms were not disclosed, and the transaction is expected to close by the end of the month, pending closing conditions.