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Retail

  • Report looks at what drives holiday sales

    Shoppers will do anything to qualify for free shipping — even spend more money if need be.    That's according to a new report by Radial and CFI Group, which surveyed online shoppers to find out what they expect from retailers during the holiday shopping season. Sixty-five percent of the respondents said they are willing to purchase additional items to qualify for free shipping.   In other key findings:  
  • Home Depot sets new records in Q2; raises forecast

    The spring selling season was a busy one for the nation's largest home improvement retailer as Americans continue to spend money on their homes — both new and existing ones.   A pair of home improvement records were broken in Home Depot's second quarter as the Atlanta-based retail giant reported the highest quarterly revenue in its history. The retailer also set a new high for net earnings.  
  • Off-price giant shines in Q2; sees plenty of room for store growth

    TJX Companies reported second-quarter revenue and earnings that beat the Street, fueled by strong traffic across all its brands.      Total sales rose 6% to $8.36 billion, beating analysts' estimates of $8.29 billion, in the quarter ended July 29. Same-store sales rose 3% for the quarter, also better than expected. By brand, same-store rose 7% at Home Goods and TJX Canada; 2% at Marmaxx (TJ Maxx and Marshalls); and 1% at TJX International.   
  • British online fashion giant steps up product searches

    ASOS is streamlining how its mobile shoppers search for merchandise.   The largest online fashion retailer in the U.K. is adding a visual search feature to its iOS-based mobile app, reported TechCrunchIt will be rolled out to their Android app “soon."   
  • Dick's Sporting Goods' earnings disappoint in Q2; increasing promotional efforts

    Posting less-than-expected earnings in its second quarter, the nation's largest sporting goods retailer plans to take a more promotional stance.   Dick's Sporting Goods reported consolidated net income of $112.4 million, or $1.03 per diluted share, for the quarter ended July 29, compared to $91.4 million, or $0.82 per diluted share, in the year-ago period. Excluding certain items, earnings came in at 96 cents, lower than the $1.01 that   analysts had expected.  
  • Target revs up efforts to transform supply chain with acquisition

    Target Corp. has acquired a transportation technology company and, in the process, gotten itself a VP of technology.   Target Corp. announced it has agreed to acquire Grand Junction to improve and expand Target’s delivery capabilities and accelerate its investments and ongoing efforts to transform its supply chain. Upon the close of the deal, Rob Howard, Grand Junction’s founder and CEO, will become a VP of technology at Target.  
  • Vitamin Shoppe launches online subscription service — with a hook

    Taking a page out of Birchbox's play book, The Vitamin Shoppe is going to be sending out personalized sample boxes of new products.    
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