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Seasonal

  • First Data: Card spending growth robust in October

    Atlanta -- Hurricane Sandy impacted spending in the Northeast, according to First Data’s most recent SpendTrend report, which analyzed date for the full month of October 2012 compared with October 2011. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

  • Shopko joins other retailers in BF shift

    Shopko will open for extended hours and feature special door buster prices on hundreds of items beginning Thanksgiving Day.

  • Walmart 'guarantees' customers its best Black Friday ever

    BENTONVILLE, Ark. — Walmart has unveiled its Black Friday circular and event times on www.Walmart.com as well as its Facebook wall and mobile app. The retailer's Black Friday circular includes hundreds of brand name electronics, toys, apparel, sporting goods and home and houseware items. Backed by Walmart's ad match guarantee, items featured in the Black Friday circular will be available during three events starting at 8 p.m. Thursday, Nov. 22.

  • Nordstrom Q3 profit up 15%; to open six pop-up shops

    Seattle -- Nordstrom reported third-quarter net earnings of $146 million, up 15% from $127 million for the same quarter last year. Its results were slightly below analysts’ expectations.

    The company said that its third quarter same-store sales, which reflected a timing shift that moved a week of the company’s important Anniversary Sale event into August this year, increased 10.7%. Top-performing merchandise categories included men’s shoes, men’s apparel and kids’ apparel.

  • Walmart raises heat on holiday shopping with earlier Black Friday opening, guaranteed deals

    Bentonville, Ark. -- Walmart will opens its stores at 8 p.m. on Thanksgiving Day, two hours earlier than a year ago. The retailer is also guaranteeing shoppers that it will have three of the most popular items it sells if they line up inside the store during a one-hour event that day.

  • Kohl’s profit inches up 2%; expects higher holiday sales

    Menomonee Falls, Wis. -- Kohl's Corp. on Thursday reported stronger-than-expected third quarter profit of $215 million, up from $211 million in the year-ago quarter. But the chain gave a profit forecast that missed Wall Street's expectations.

    Sales increased 2.6% to $4.49 billion from $4.38 billion in the year-ago period. Same-store sales rose 1.1%.

  • Kohl's posts earnings boost in Q3, updates outlook

    MENOMONEE FALLS, Wis. — Kohl’s third quarter sales increased 2.6% to $4.5 billion, and comparable-store sales were up 1.1%, in line with the company's expectations.

    The retailer's net income for the third quarter rose 14% to 91 cents per diluted share. Net income was $215 million compared with $211 million, or 80 cents per diluted share, a year ago.

  • Customer Growth Partners forecasts sluggish 2.8% rise in holiday sales; apparel and accessories strongest categories

    New York -- Holiday sales will reach a record $556.8 billion, a sluggish 2.8% increase from 2011, according to retail consultancy Customer Growth Partners’ 11th annual Holiday Forecast.  

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