Seasonal

Target trumps Wal-Mart with Q2 success
Minneapolis – Target Corp. exceeded Wall Street projections with net earnings of $753 million in the second quarter of fiscal 2015, a 221% increase from $234 million the same period the prior fiscal year. Declining selling, general and administrative (SG&A) expenses and loss from discontinued operations helped boost profits as sales climbed.

Target reported net sales of $17.4 billion, up 2.8% over the same period last year.
Report: Consumers want cheap, not fast, deliveries
Jericho, N.Y. - Online shoppers in the U.S. and Canada are willing to sacrifice delivery speed for a lower shipping cost. According to a survey of U.S. and Canadian shoppers conducted by Purolator International, the cost of shipping was identified most often as the single most important concern in terms of the delivery of their purchases.

GameStop focuses on seasonal employee success

Grapevine, Texas – Like many other retailers, GameStop Corp. employs seasonal hires for the holiday season. Unlike many other retailers, GameStop focuses on skill growth and professional success for its 17,000-23,000 annual seasonal hires.
Survey: Holiday shopping starts early, online

Phoenix – Holiday shopping often starts earlier than commonly thought and also frequently being online. According to a new survey of more than 1,000 U.S. consumers from G/O Digital, 62% of respondents go straight to search engines when researching gifts for the holiday season and more than three-quarters look online for holiday shopping deals and discounts.
Holiday shopping is starting earlier than ever

A new study seems to support the theory that holiday shopping is often starting earlier than commonly thought, especially online.
About that Target spread in Vogue…

New York -- Target Corp. is making headlines with its bold, digitally savvy 20-page insert in Vogue. The retailer’s chief creative officer, Todd Waterbury, discussed the new campaign in a Q&A on Target’s Bullseye blog. Here are some excerpts:

What was the inspiration for this idea?
No fireworks or champagne for Party City

The CEO of Party City said the earlier Easter holiday hurt its second quarter traffic as the retailer reported a loss.

In the second quarter ended June 30, the party supply retailer said same-store sales rose 1.2%, shy of analysts' forecasts for growth of 2.8%. The company also posted a loss of $23 million, or 20 cents a share, compared with a profit of $2.5 million a year earlier. Overall, sales rose nearly 1% to $495.5 million in the quarter.
Target struts its style with attention-getting 20-page ad campaign

Minneapolis -- Target Corp. is reaching out to fashionistas with a splashly — and digital-savvy — insert in the most important issue of the world’s most influential fashion magazine.
The turnaround plan at Kohl's isn't working

Kohl’s has joined other major retailers this week reporting disappointing earnings and anemic same store sales growth.

The Wisconsin-based retailer posted a profit of $130 million in the second quarter ended Aug. 1, below the $232 million in the prior-year quarter. Earnings per share were 66 cents, compared with $1.13 in the second quarter of 2014. Same store sales grew a measly 0.1%. Overall revenue increased by just 0.6%, to $4.27 billion for the quarter.
At Hhgregg, it's not too early for holiday hiring

Hhgregg says it is trying to get ahead of an ever-earlier holiday shopping season by starting to hire seasonal employees now.

The retailer plans to hire more than 550 full-time and part-time in-store sales associates. As the holiday shopping season continues to tiptoe earlier into the calendar year, Hhgregg is looking to have their stores fully staffed and associates trained and ready to greet shoppers getting a jump on the holiday rush.
Holiday hiring starting early

Indianapolis -- The calendar may read August, but Hhgregg is already looking to firm up its holiday hiring.

The appliance, electronics and furniture retailer announced it is hiring 550 full-time and part-time in-store sales associates. As the holiday shopping season continues to tiptoe earlier into the calendar year, Hhgregg said it is looking to have their stores fully staffed and associates trained and ready to greet shoppers getting a jump on the holiday rush.
NRF: Retailers increase imports with eye toward holidays

Washington, D.C. — Import cargo volume at the nation’s major retail container ports is expected to increase 3.6% in August 2015 from the same month in 2014 as retailers begin to bring in merchandise for the holiday season. According to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, imports for the year are expected to be up 4.2% from 2014.