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Budgets/Spending/Market Size

  • Walmart Asia environmental program saves 20% in energy costs

    Hong Kong -- The Asia arm of Wal-Mart Stores Inc. said Monday it has achieved energy savings of 20% across 210 supplier factories in China.

    According to Walmart Asia president and CEO Scott Price, the factories have “cut their energy consumption by a minimum of 20% as of December 2012, saving approximately 2.168 billion kWh, a number equivalent to powering 1.46 million homes for an entire year."

  • Kimberly-Clark posts record profits in Q1

    DALLAS — First quarter 2013 net sales at Kimberly-Clark Corporation rose by a little more than 1% to $5.3 billion compared to the same period last year. The company posted record profits, up 12% to $783 million from $700 million in the same quarter last year.

  • McDonald's comps slip in Q1, profit inches up

    Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.

    Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.

    At home, same-store sales dipped 1.2%.

  • March retail sales in U.K. drop more than forecast

    London -- A Thursday report by Bloomberg said that retail sales in the U.K. fell a more-than-expected 0.8% (excluding fuel) in March compared to February, impacted by unseasonably cold weather and a still-sluggish economy.

  • American Girl, Monster High drive Mattel Q1 results

    EL SEGUNDO, Calif. — Key Mattel brands drove Mattel sales for the first quarter of 2013. 

    Mattel's net sales for the quarter were $996 million, up 7% compared to $928 million last year, and net income increased dramatically to $38.5 million, or $0.11 per share, compared to last year's first quarter net income of $7.8 million, or $0.02 per share.

  • Another signs of soft sales in Q1

    Target may not cater to exactly the same shopper as Walmart, but there is enough overlap between the two companies to know that reports of weakness out of Minneapolis are never a good sign in Bentonville.

  • J.C. Penney considering real estate spinoff to raise cash

    New York -- A Tuesday report by Bloomberg said that J.C. Penney has an additional plan to raise money; the retailer is said to be considering a spinoff of its real-estate holdings into a new unit that could issue debt.

    Citing two unidentified sources, Bloomberg said Penney is also considering selling its real estate and then leasing it back as another avenue to free up money. And other assets, such as inventory, could be collateralized.

  • Deloitte Consumer Spending Index holds steady

    New York -- The Deloitte Consumer Spending Index ticked down slightly in March, but has remained relatively steady with a reading over 4.0 the past five months. The Index tracks consumer cash flow as an indicator of future consumer spending.

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