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Budgets/Spending/Market Size

  • Price leadership not so steady

    Citigroup found that toy prices at both Walmart and Target fell by 4% and that the price gap between the two retailers on toys has narrowed since its first survey.

    According to Ciitgroup, retail prices of a basket of “hot” toys for holiday 2011 are now 30 bps cheaper at Walmart than at Target, compared with 50 bps cheaper at Walmart in its previous survey. However, taking into account Target’s 5% rewards discount, the basket of toys became 470 bps more expensive at Walmart, compared with 450 bps more expensive in the previous survey.

  • Cabela’s beats Street with 68.7% profit surge in Q3

    Sidney, Neb. -- Outdoor retailer Cabela’s reported Thursday that profit for the third quarter surged 68.7% to $33.3 million, compared with $19.7 million in the year-ago period. Results surpassed analysts’ expectations and mark the third straight quarter of profit rises.

    Revenue rose 6% to $678.6 million, missing Wall Street’s expected $681.5 million.

  • O’Reilly Automotive profits rise 27% in Q3

    Springfield, Mo. -- O’Reilly Automotive reported Thursday that net income for the third quarter rose 27% to $148 million, compared with $117 million in the year-ago period.

    Sales increased 8% to $1.54 billion from $1.43 billion. Same-store sales rose 4.8%.

    During the quarter, the company opened 50 new stores, bringing its store count to 3,707 in 39 states.
     

  • Golfsmith swings to profit in Q3

    Austin, Texas -- Golfsmith International Holdings reported Thursday a profit of $1.3 million for the quarter ended Oct. 1, compared with a loss of $1.1 million a year earlier.

    Net revenues increased 8.3 % to $101 million, from $93.3 million. Same-store sales rose 3.4%.
     

  • Moody’s: Industry real operating income to be flat or rise only 1% in 2011

    New York City -- The U.S. retail industry will perform in line with sluggish U.S. GDP growth through 2012 as persistent unemployment, stock market volatility and economic gloom weigh on consumer confidence and spending, according to a new report by Moody's Investors Service.
     

  • Vitamin Shoppe Q3 sales and profit up; on track to open 48 stores

    North Bergen, N.J. -- Vitamin Shoppe reported Wednesday that net income for the quarter ended Sept. 24 rose to $11.9 million, compared with $7.2 million for the same period last year. 

    Sales increased 11.5% to $208.9 million, from $187.4 million last year. Same-store sales rose 7.1%. The company opened 10 stores during the quarter, and expects to open 48 new stores in this fiscal year and another 52 locations in fiscal 2012.
     

  • Deloitte: Consumers still spending on holidays despite economic concern

    NEW YORK — Despite concerns about the economy and rising household expenses, nearly 3-out-of-5 consumers (59%) will put aside economic worries and spend the same or more this holiday season, according to Deloitte’s 26th annual survey of holiday spending intentions and trends. While this is a slight decline from 2010, it represents an eight percentage point increase from 2009.

  • Deloitte survey: Consumers still spending on holidays despite economic concern

    New York City -- Despite  concerns about the economy and rising household expenses, nearly three out of five (59%) of consumers will put aside economic worries and spend the same or more this holiday season, according to Deloitte’s 26th annual survey of holiday spending intentions and trends. While this is a slight decline from 2010, it represents an eight percentage point increase from 2009.

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