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  • Vitamin Shoppe sees profits rise 40% in Q2; to open 50-plus stores in 2012

    Bergen, N.J. -- Vitamin Shoppe Inc. reported Tuesday that net income for the second quarter surged 38.8% to $16.6 million, compared with $12 million in the year-ago period and marking the third straight quarter of profit increases.

    Revenue rose 13.4% to $245 million, beating Wall Street’s expected $241.8 million in revenue.

    The company said it is on track to open 52 stores in fiscal 2012.

  • Report: U.S. shopping-center industry posts healthy Q2 net income gain

    New York -- Total operating income of all shopping centers on a square-foot basis in the second quarter of 2012 rose 4.9% from the same quarter last year, while operating expenses rose by a larger 5.8%, according to a new quarterly shopping-center benchmarking report from The National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Council of Shopping Centers (ICSC).

  • ShopperTrak: July 2012

    Total U.S. shopper traffic in retail stores and malls for July 2012

    This July, Americans celebrated their independence with barbeques, fireworks and shopping. With Independence Day, July 4, falling on a Wednesday, more consumers than usual took the entire week off. This extra vacation time provided more free time to shop compared to last year’s Fourth of July holiday. July’s retail foot traffic increased 8.1% compared to the previous month and increased 4.6% compared to the same period last year.

  • Shopping center space in Europe to expand 25% in 2012

    London -- New shopping center development in Europe is expected to increase by a quarter in 2012 to meet retailer demand for modern, high quality retail space, according to the latest research by global property adviser CBRE.

    Turkey is the most active market, accounting for one-third of new space delivered in the first half of the year. This is some way ahead of Germany, with Italy and Poland just behind.

  • Walgreens’ July same-store sales down 7%

    Deerfield, Ill. -- Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line. (The two companies last month reached an agreement to resume doing business, but that doesn't start until Sept. 15.)

    The company's pharmacy same-store sales were down 9.7%, while front end sales fell 2.4%. The performance missed analyst expectations.
     

  • Kronos: Retail hiring slows for second consecutive month

    Chelmsford, Mass. -- The Kronos Retail Labor Index edged down one-tenth to 4.2% in July, reflecting declines in both hires and applications. (The index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3.0 means that for every 100 applications received, three hires occurred.)

  • Rite Aid same-store sales edge up in July

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that July same-store sales rose 0.5%.

    Total sales dipped 0.1% to $1.88 billion.
     

  • Department store players largely strong in July

    New York -- Helped by hot weather and clearance sales, many retailers reported solid results in July, a month that can be a tepid lead-up to the back-to-school shopping season.

    Some of the strongest showings in the month were in the department store category, as those reporting all showed July gains.

    Macy’s led the pack with a 4.1% same-store sales rise. Total sales increased 5.1% to $1.7 billion over the four-week period.

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