Budgets/Spending/Market Size

Jacksonville, Fla. -- Body Central Corp. reported Thursday that net income for the first quarter rose to $5.9 million, from $5.4 million in the same period last year. Sales increased 11.8% to $82.7 million, and same-store sales dipped 1.4%.

The retailer, which operates 243 stores, said it is on track to open at least 35 stores in 2012.
 

Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.

Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.

Chelmsford, Mass. -- The Kronos Retail Labor Index edged down to 3.8% in April from a March level that was revised three-tenths lower. Even with declines over the last two months, the Retail Labor Index remains above levels seen over the last few years, averaging 4.0% over the first four months of this year, up from 3.5% last year. (The Index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3.0) means that for every 100 applications received, three hires occurred)

WASHINGTON — The National Retail Federation is responding to a report from the Federal Reserve, which revealed that debit card swipe fees collected by the nation's largest banks have significantly dropped since reform regulations took effect last fall.

Target has done quite well for itself in California, but that doesn’t mean it’s been easy. Ironically, the state with the most extensive network of Target stores also happens to be the one identified as the worst state in which to do business, according to a recent survey.

PHILADELPHIA — Pep Boys has released preliminary financial results for its first quarter ended April 28 and expects sales to be between $524 million and $526 million compared with $513.5 million for the same period last year. Net income for the quarter is expected to be between $0 million and $2 million, compared with $12.4 million for the same period last year.
             

LAKELAND, Fla. — Publix's associates and board members will be pleased with the news that the company's private stock has increased from $22.40 per share to $22.70 per share, effective May 1. Since it is not publicly traded, only current Publix employees and members of its board of directors can buy Publix stock.

Chicago -- A report released Tuesday by ShopperTrak found that consumers are expected to shop and buy more in the week leading up to Mother's Day than they did last year.

According to the report, national retail sales, when compared to the same period last year, will rise 6% in the week leading up to Mother's Day, and foot traffic will increase 3.7%.
 

Norwalk, Conn. -- The CFOs of U.S. middle-market retailers are more optimistic about the current state of their own industry and the U.S. economy, although they are significantly more pessimistic about the global economy, according to the latest GE Capital U.S. Mid-Market Survey.

Fifty-one percent of retail CFOs say their industry will grow over the next 12 months — an increase of 25% over the previous wave of this survey, which was conducted in the third quarter of 2011.

New York -- Millennial shoppers (consumers ages 18-34) now represent the highest percentage of Americans who do not have enough money to cover their basic needs according to WSL/Strategic Retail, a leading authority on shopper behavior and retail trends. The finding, which noted that nearly 25% of this young adult market say they are not able to make ends meet – as compared with 17% of adults ages 35-54, and only 13% of those age 55 and over – was revealed as part of the company’s How America Shops MegaTrends report, Moving On 2012.