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Seasonal

  • Dollar Tree posts 19% earnings growth for Q3

    CHESAPEAKE, Va. — Dollar Tree posted big sales and earnings growth for the quarter, showing that discounters remain dominant in this economy. The company reported that consolidated net sales for the third quarter were $1.60 billion, an 11.9% increase compared with $1.43 billion reported for the quarter ended Oct. 30, 2010. Comparable-store sales increased 4.8%, on top of an 8.7% increase for the third quarter 2010.

  • Slow new software sales play down GameStop comps

    GRAPEVINE, Texas — GameStop reported that total sales for the third quarter of 2011 were $1.95 billion, an increase of 2.5% compared with $1.9 billion in the prior year quarter. Total company comparable-store sales were down 0.6%, primarily impacted by lower-than-expected sales of new software. GameStop’s digital sales showed continued strength, increasing 59%, with console digital growing 63% and PC digital growing 51%. Pre-owned sales increased 3.1%.

  • Report: Black Friday performance not barometer for season

    Solihull, England -- Visitor analytics provider Experian FootFall said Thursday that Black Friday’s retail performance isn’t necessarily an indication of how the holiday season will fare.

  • BDO USA: Retailers forecast small uptick on Black Friday, Cyber Monday

    Chicago -- According to a BDO USA survey of 100 CMOs at leading U.S. retailers, just 27% expect to see an increase in Black Friday sales, down from 38% in 2010.

    Similarly, only 24% project an increase in Cyber Monday sales, with the vast majority (74%) expecting flat sales. Overall, CMOs project a 1.6% increase in Black Friday sales (down from 3.8% in 2010) and a 2.5% increase in Cyber Monday sales.

  • ICSC: More consumers will shop Black Friday this year

    New York City -- A report released Thursday by the International Council of Shopping Centers and Goldman Sachs said that 34% of consumers plan to shop on Black Friday, up from 31% in 2010 and 26% in 2009.

    “In addition to buying gifts, consumers overwhelmingly indicated that they would be looking for bargains on Black Friday for themselves as well,” said Michael P. Niemira, chief economist and director of research for ICSC.

  • Survey: E-commerce sales to grow to $46.7 billion for holiday 2011

    New York City – E-commerce sales in the U.S. for the November and December holiday shopping season will rise 16.8% to $46.7 billion in 2011, up from $39.9 billion last year and representing a pace five times faster than total retail industry growth, according to eMarketer.

    That means online sales growth will reach double digits for the third consecutive year, even though the economy remains shaky and consumers are keeping tight budgets.

  • Forest City to use mobile technology in study

    Cleveland -- Forest City Commercial Management announced that it will test a new survey technology by U.K.-based Path Intelligence to track mall shopping behavior and flow by using mobile phones. 

    The surveys will be conducted at Promenade Temecula in Southern California and Short Pump Town Center in Richmond, Va., from Black Friday to New Year’s Day. They mark the first use of this kind of technology in a mall setting.

  • NRF survey: 33% of consumers expected to shop Black Friday, will monitor social media for deals

    Washington, D.C. -- A survey released Thursday by the National Retail Federation said that the number of people “definitely” shopping stores and websites on Black Friday as jumped to 33%, from 27% in 2010.

  • HD's Menear points to merchandise highlights

    ATLANTA — Atlanta-based Home Depot's wind-and-storm aided sales effort in the third-quarter presented several category highlights, according to EVP merchandising Craig Menear.

    The company's strong third-quarter performance, which included a 13% net earnings increase and comp-store sales of positive 4.2%, included strength "in the core of the store" and growth in average ticket and transactions.

  • Sam's Club donates $1M to help end child hunger

    BENTONVILLE, Ark. — Sam's Club announced that it will donate $1 million to support child hunger programs through feeding America as part of its Holiday Taste of Sam's Club event Nov. 18 to 20.

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