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Winter Holidays

  • Walgreens reports March sales increase of 2.3%

    Deerfield, Ill. -- Walgreens reported Wednesday that sales for the month of March increased 2.3% to $6.2 billion.

    Total front-end sales increased 5.4% compared with the same month in fiscal 2012, while same-store front-end sales increased 4.2%. Front-end sales will have benefited from a March 31 Easter — last year Easter sales fell in April. As a result Walgreens said it will report combined comps for March and April with its April sales results.
     

  • Survey: More consumers plan to use tax refund to shop

    Los Angeles -- Survey results released Wednesday by PriceGrabber found that 54% of consumers expect to receive a tax refund this year. And, the majority plans to use the money for purchases.

    According to PriceGrabber’s poll of 5,655 U.S. online shopping consumers, 24% anticipate a bigger refund than last year and 26% expect about the same amount. Thirty-two percent anticipate receiving less compared to 2012, and 18% aren't sure how much money they will receive.

  • Toys ‘R’ Us profit and sales down in Q4 and full year; withdraws IPO plan

    Wayne, N.J. -- Toys “R” Us on Friday reported that its sales and profits declined in the fourth quarter and the full year. The company also revealed in a regulatory filing with the U.S. Securities and Exchange Commission that it is withdrawing its plan to go public, blaming “unfavorable market conditions” and its “executive leadership transition” for the decision.  

  • GameStop Q4 profit up

    Grapevine, Texas -- GameStop Corp reported a nearly 50% increase rise in fourth-quarter profit fueled by gains in its mobile and digital businesses. Profit rose to $261.1 million from $174.7 million.

    Revenue for the quarter ended Feb. 2, 2013, totaled $3.56 billion compared to $3.58 billion last year. Same-store sales were down 4.6%.

  • Meijer helps restock local food pantries

    GRAND RAPIDS, Mich. — Meijer announced that it will once again double match every customer's $10 Simply Give donation made April 12 to 13 to help restock the shelves of local food pantries that were depleted over the holidays.

  • Report: J.C. Penney slashed 43,000 jobs in one year

    New York -- J.C. Penney Co. has 43,000 less workers at the end of its most-recently completed fiscal year (February 2, 2012) than it did a year ago, according to a report filed Wednesday with the Securities and Exchange Commission, the New York Post reported.

    The company finished its fiscal year with 116,000 full-time and part-time employees, down from 159,000 associates a year ago, the report said. 
     

  • Rite Aid expands Easter assortment

    CAMP HILL, Pa. — Rite Aid has expanded its Easter and spring supplies at its stores in anticipation of the holiday and season, the retail pharmacy chain said Monday.

    The 4,623-store chain said items at its stores included chocolate bunnies, marshmallow Peeps, SweeTarts, Ducks & Bunnies, Cadbury Eggs and other candy brands, as well as baskets and other accessories.

    In addition, the company is selling such gardening supplies as planters, figurines, bird feeders, wind chimes and outdoor fountains and lighting, including solar-powered devices.

  • Easter spending to be flat

    WASHINGTON — The National Retail Federation reported that the average person celebrating Easter this year will spend about $145.13 on candy, décor, apparel and food – which is flat with last year’s $145.28.

    NRF, through its Easter Spending Survey conducted by BIGinsight, estimated that total spending will reach an estimated $17.2 billion this year.

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