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Budgets/Spending/Market Size

  • January sales up, but less than expected

    Washington, D.C. -- A report released Tuesday by the U.S. Commerce Department said sales at U.S. retailers edged up 0.3% in January, less than the expected 0.5% to 0.6% increase, but still the seventh straight month of gains. A series of snow storms that hit much of the country throughout the month was cited as one of the factors for the weaker showing.

  • Retail sales increase for seventh straight month

    WASHINGTON — The U.S. Census Bureau on Tuesday reported that retail sales continue on a positive trend, edging up 0.3% for the month of January.

    The increase to $381.6 billion marked the seventh consecutive month of gains for retail sales. Total sales for the month were above the year-ago period by 7.8%.

  • Poll shows e-commerce customer satisfaction stalls

    Ann Arbor, Mich. -- The American Customer Satisfaction Index's annual E-Commerce Report, produced in partnership with ForeSee Results and released on Tuesday, showed that customer satisfaction with e-commerce websites is down 2.6% to 79.3 on the ACSI's 100-point scale.

    The results are the lowest since 2004.

    According to the report, falling satisfaction with online retail pulled down aggregate satisfaction with the e-commerce sector overall, which also includes online brokerage and online travel.

  • MasterCard Advisors: Total U.S. retail sales for January up 5.5%

    New York City -- Total retail sales (excluding autos) grew by 5.5% year-over-year, on par with December’s growth rate, and slightly higher than November’s, according to MasterCard Advisors’ SpendingPulse. SpendingPulse reports on national retail and services sales and is based on aggregate sales activity in the MasterCard payments network, coupled with survey-based estimates for all other payment forms

  • Whole Foods Q1 income jumps 79%, same-store sales up 9.1%

    Austin, Texas -- Whole Foods Market’s first quarter net income surged 79% to $88.7 million, on an increase in customer visits and a rise in average transactions. The natural and organic foods grocer raised 2011 profit outlook on its strong results, which beat expectations.

  • Analyst nervous about WMT’s Q4 comp

    A lack of visibility into Walmart’s sales performance coupled with concerns about the pace of a U.S. sales recovery is contributing to some apprehension on Wall Street regarding the company’s fourth-quarter performance.

  • Jones Group reports revenue rise in Q4

    New York City -- The Jones Group reported Wednesday that revenues for the fourth quarter rose 12.5% to $874 million, from $777 million in the year-ago period.

    The company attributed the fourth quarter performance to the June 2010 acquisition of the Stuart Weitzman business, as well as increases in various business segments.

    Jones Group closed 44 retail locations in the fourth quarter to end the year with 803 locations (which includes acquired Stuart Weitzman locations). The company closed 194 locations in 2010.

  • Stater Bros. posts decline in quarterly supermarket sales

    SAN BERNARDINO, Calif.  -- Stater Bros. reported that supermarket sales declined 2.31% in the first quarter of fiscal 2011 compared with the same period of the prior year.  Like-store sales decreased 2.31% or $21.3 million for the thirteen weeks ended Dec. 26, 2010 compared with the thirteen weeks ended Dec. 27, 2009.  Consolidated sales in the first quarter of fiscal 2011 were $899 million compared with $923.9 million in the first quarter of fiscal 2010, an overall decline of $24.8 million.

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