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  • Casey’s profit falls on costs associated with fighting hostile bid and recapitalization

    Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

    Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

  • ComScore reports online holiday spending surpasses $17.5 billion

    New York City -- More than $17.5 billion has been spent online for the November-December 2010 holiday season to donate , marking a 12% increase versus the corresponding days last year, comScore reported on Wednesday.

  • PLMA: Private-label products cut grocery bill by more than 30%

    NEW YORK Switching to private-label brands could help consumers save one-third of their typical spend on products, a new study conducted by the Private Label Manufacturers of America found.

     

  • Retailers focusing inward on green issues

  • Men’s Wearhouse profit up 31%, but outlook disappoints

    Houston -- Men's Wearhouse said Tuesday that higher sales lifted its third-quarter profit by 31%, but its forecast for the fourth quarter missed Wall Street's expectations.

    Net income rose to $25.3 million in the three months ended Oct. 30, from $19.3 million a year earlier. Revenue increased 19% to $550.1 million, from $462 million in the previous year. Tuxedo rental revenue rose 13% and accounted for more than 20% of the company's quarterly total. Other clothing sales climbed 22% in the quarter.

  • Survey: Smartphone use for commerce to grow

    New York City -- Nearly half of U.S. smartphone users say they have already, or soon will, use their phones to do mobile shopping, according to a recent survey conducted by ABI Research, and 53% also use, or intend to use, their smartphones for mobile banking.

  • Talbots 3Q income down

  • Readers Speak Out: What is expected to be the most talked-about topic at ICSC-New York?

    The Nov. 24 edition of SiteTalk invited readers to suggest what they thought would be most talked-about in the aisles of the International Council of Shopping Centers New York deal-making conference. Here is what one reader had to say:

     "I expect to hear people complimenting our new Roundtables (Tuesday, Dec. 7, 8-9 a.m.) at the Sheraton. Also, if Black Friday and the start of holiday shopping season match retailer expectations (as shown in our pre-holiday tenant survey), I expect to hear about more deals being made."

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