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Budgets/Spending/Market Size

  • Dillard's a top stock performer in 2010

    Fortune has released its list of the top 10 Fortune 500 stock performers for 2010, and Dillard's is the lone retailer on the list.

    Ranked at number 10, Dillard's, which is ranked at 348 on the Fortune 500, posted a year-to-date stock performance improvement of 97% and a market cap of $2.1 billion.

    According to the report, Dillard's sold more merchandise this November than last year, with sales totaling almost $470 million for the month. That marked a 7% increase over last year.

  • Toys under pricing scrutiny

    Competition in the toy category is intense every holiday season, but it seems to have been ratcheted up a few notches this year, and Target was one of the companies doing the ratcheting. The company’s aggressive pricing moves put it in close proximity to Walmart early in the season and more recently Target’s toys were less expensive than Walmart’s, according to a pricing survey conducted by Citigroup retail analyst Deb Weinswig.

  • Industry groups applaud tax cut package

    ARLINGTON, Va. and WASHINGTON - The National Retail Federation and the Retail Industry Leaders Association both issued statements supporting the final passage of a bipartisan agreement for extending critical individual and business taxes.

  • Pier 1 3Q results down from prior year, company still pleased

    FORT WORTH, Texas - Pier 1 Imports reported a third-quarter comparable-store sales increase of 10.2% versus last year’s increase of 13.7% and net income of $21 million, or 18 cents per share, compared with last year’s third quarter net income of $38.8 million, or 37 cents per share.

    Alex Smith, president and CEO, commented, “With sales and margins exceeding our expectations and the overall leveraging of expenses, we are reporting net income for our fifth consecutive quarter.”

  • Survey reveals top apparel store picks

    According to a new survey from customer intelligence firm, Market Force Information, The Children's Place is consumers' top pick for young children's (10 and younger) apparel when the votes are indexed for the number of stores. The Children's Place earned 17% of the votes, while Gymboree ranked second (13%), and Kohl's and Carter's tied for third with 12%. For children 11 and older, Aeropostale was ranked favorite retailer with 17% of the votes, followed closely by Kohl's (16%) and then Old Navy (10%).

  • Deloitte Spending Index down as housing market remains weak

    NEW YORK - The Deloitte Spending Index, comprising four components -- tax burden, initial unemployment claims, real wages and real home prices -- fell to 4.29%, from an upwardly revised gain of 4.71% a month ago. According to Deloitte the decline was primarily due to sustained weakness in the housing market despite incremental gains in other areas.  

  • NPD: Consumers entertaining holidays at home

    According to The NPD Group, 49% of respondents surveyed on holiday entertaining plans said they plan to entertain family or friends in their home during the upcoming holiday season. Furthermore, casual dinnerware sales growth in the double digits in the past 12 months ending September 2010 show that the trend is toward less formal dining. Sales in the formal fine dinnerware segment remain down year-over-year.

    Thirty-two percent of respondents told NPD that they entertained at their home less over the past year than in previous years, however, 11% said they entertained more.

  • U.S. retail sales rise in November

    Washington, D.C. -- Tuesday’s report by the U.S. Department of Commerce showed a fifth straight month of sales gains in November for U.S. retailers. Monthly retail sales figures for November were up 0.8% over October and 7.7% over November 2009.

    Retail sales excluding auto sales were up 1.2% over the previous month and 6.7% over November 2009.

    Department stores were the big November winners, recording the biggest sales rise in two years of 2.8%.

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