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Budgets/Spending/Market Size

  • MasterCard Advisors: Sales mixed in April

    New York City -- Luxury, e-commerce and apparel enjoyed strong growth in April and the restaurant category surpassed last month’s gains, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales. Electronics and appliance sales registered declines.

  • Big Five Q1 income slides 54%

    El Segundo, Calif. -- Big 5 Sporting Goods Corp.’s first-quarter net income fell 54% and missed analysts' expectations because of increased expenses as customer traffic declined.

    The company also gave a second-quarter earnings outlook much lower than Wall Street's view.

    Big 5 reported late Tuesday that it earned $2.8 million for the period ended April 3, down from $5 million a year ago.

  • Dunkin’ Brands files for IPO

    New York City -- Dunkin’ Brands Group, which operates the Dunkin' Donuts and Baskin-Robbins chains, filed to sell at least $400 million of stock in an initial public offering.

    The Canton, Mass.-based company plans to use the proceeds to repay debt and for working capital and general corporate purposes, according to its filing with the Securities and Exchange Commission.

    Dunkin' Brands was taken private in 2005 by a trio of private-equity firms for $2.4 billion in cash.

  • American Express survey: U.S. consumers will spend 13% more for good customer service

    New York City -- Americans are placing an even greater premium on quality customer service this year, with 70% willing to spend an average of 13% more with companies they believe provide excellent customer service, according to the American Express Global Customer Service Barometer. This is up from 2010, when 58% said they would spend an average of 9% more for great service.

  • Reducing facilities maintenance and repair spend -- CSA Webinar

    New York City -- Chain Store Age will present a Webinar – “Facilities Dollars and Sense: Unlocking Substantial Maintenance and Repair Savings by Controlling All Components of Cost” -- on Tuesday, May 10, 2011, at 2 p.m (EST).

    The presentation, sponsored by First Service Networks, will discuss a new way of thinking that systematically analyzes, controls and manages each individual component of cost to deliver substantial savings on multi-site maintenance and repair spend.

  • Publix Q1 profit up 9.3%

    Lakeland, Fla. -- Publix Supermarkets said Monday that sales and earnings rose in the first quarter. Net earnings rose 9.3% to $398.2 million, compared with $364.4 million in 2010.

    Sales for the first quarter totaled $6.8 billion, and same-store sales rose 2.8%.

    “Although the economy continues to be weak, I’m pleased our strong operating performance resulted in another increase in our stock price,” said Ed Crenshaw, Publix’s CEO, said in a statement.

  • Publix Q1 delivers higher stock price

    LAKELAND, Fla. -- Strong earnings and sales growth in the first quarter helped drive up Publix's stock price.

    Publix’s sales for the first quarter of 2011 were $6.8 billion, a 4.4% increase from last year’s $6.5 billion. Comparable-store sales for the first quarter of 2011 increased 2.8%.

    Net earnings for the first quarter of 2011 were $398.2 million, compared with $364.4 million in 2010, an increase of 9.3%. Earnings per share for the first quarter increased to 51 cents for 2011, up from 47 cents per share in 2010.

  • Consumers intend to splurge on mom

    Mother’s Day may be considered a “Hallmark Holiday,” but that won’t stop consumers from showering mom with gifts on May 8. According to NRF’s 2011 Mother’s Day Consumer Intentions and Actions survey, conducted by BIGresearch, the average person celebrating the holiday is expected to spend $140.73 on gifts, up from $126.90 last year, and a return to 2008 spending levels. Total spending is expected to reach $16.3 billion.

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