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Seasonal

  • Barnes & Noble reports strong holiday

    New York City -- Barnes & Noble said on Thursday that its same-store sales rose 9.7% in the nine week holiday period ended on Jan. 1. It was the chain’s best comparable-store sales performance in more than a decade. Total sales for the period rose 8.2%.

    The company said it significantly exceeded both online and in-store sales forecasts, led by strong consumer demand for Barnes & Noble's Nook brand of eReading products.

  • Target ekes out disappointing 0.9% comp in Dec.

    MINNEAPOLIS - Despite an easy prior-year comparison, Target fell short of its December same-store sales guidance with a disappointing 0.9% gain. The company had forecast December comps in the low to mid single-digit range after it released November results, which saw comps advance 5.5%. Analysts were expecting the company to report a 4% December gain.

  • Year-over-year sales up 6.5% for week ending Jan. 1

    Chicago -- Year-over-year retail sales increased 6.5% for the week ending Jan. 1, according to ShopperTrak’s National Retail Sales Estimate, while the company’s Retail Traffic Index (SRTI) reported foot traffic rose 4.1% for the same period.

  • A busy day for BJ's

    The New Year is off to a busy start at BJ’s Wholesale Club. Amid ongoing speculation about the retailer being a potential takeover target, BJ’s on Wednesday announced the closure of five clubs, several senior level personnel changes and released its December sales a day earlier than normal.

  • Family Dollar profit up nearly 10%, 300 stores on tap for 2011

    Matthews, N.C. -- Family Dollar Stores said Wednesday that its fiscal first-quarter profit climbed 9.9% on strong candy and food sales and higher customer traffic. The discounter reported net income of $74.3 million for the period ended Nov. 27, up from $67.6 million a year ago. Its results, however, were short of analysts expectations, with the disappointing profit attributed primarily due to lower gross margins and higher freight costs.

  • MasterCard: Strong growth in December across many retail sectors

    Purchase, N.Y. -- Retail growth in December sales was robust across many categories, further building on November’s positive results, with some performing at better than pre-recession levels, according to MasterCard Advisors SpendingPulse, which tracks national retail and services sales.

  • More proof of strong online holiday sales

    RESTON, Va. - Comscore reported that retail e-commerce spending for the entire November to December 2010 holiday season reached $32.6 billion, marking a 12% increase versus last year and an all-time record for the season.

  • BJ’s closing five locations, restructuring home office and select field ops

    Natick, Mass. -- BJ’s Wholesale Club said Wednesday that its December same-store sales rose 3.8% and would have been up 1.4%, excluding the impact of gasoline sales. The results were short of analysts expectations. Separately, the company said it is shutting five underperforming locations by the end of January. as well as restructuring its home office and certain field operations. It is cutting 114 corporate-level jobs, 61 of them at the company's headquarters and 53 field positions.

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