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Retail

  • Staples launches tech trade-in service

    FRAMINGHAM, Mass. and BOSTON — Staples announced that it is working with Gazelle, a consumer electronics recommerce service, to launch an electronics trade-in program. 

    Through the program, Staples will accept the trade-in of used electronics from more than 20 product categories regardless of where they were purchased, according to the company. Eligible items that do not have trade-in value can still be sent to Gazelle for free recycling or brought to the nearest Staples store for recycling. 

  • No lump of coal here: 2% comp is Q4 possibility

    Let’s not get ahead of ourselves here. That seems to be the message implied in Walmart’s guidance for fourth-quarter same-store sales in a range of flat to up 2%. The company’s comps expectations follow a third-quarter increase of 1.3% that ended a two-year string of negative results, but appear rather muted against the backdrop of talk about the company’s gathering momentum, the effectiveness of strategies and solid positioning for the holidays.

  • Dot com gaining ground ahead of the holidays

    Walmart continues to gain online momentum, judging from the most recent monthly report from measurement firm comScore Media Metrix.

    Walmart consistently ranks in the firm’s Top 50 U.S. Web properties report, and that was the case again in October when Walmart.com was ranked 23rd with 45.2 million unique visitors. By comparison, Target.com, which experienced some difficulties with a major relaunch several months ago, was the only other traditional retailer on the list and ranked 46th with 27 million unique visitors.

  • Safeway raises $1M for wounded warrior project

    PLEASANTON, Calif. — Safeway Inc. announced that its stores raised $1 million for the Wounded Warrior Project, an organization that exists to honor and empower military men and women who incurred service-related injuries on or after Sept. 11, 2001.

    The money was raised during Veteran's Day weekend by all Safeway, Vons, Pavilions, Dominick's, Randalls, Genuardi's, Tom Thumb and Carrs stores in the United States

  • Children's Place raises outlook on strong earnings performance

    SECAUCUS, N.J. — The economy may be keeping some families from purchasing new clothes for their children, but that didn't stop The Children's Place from delivering earnings that beat estimates.

    The company reported income from continuing operations of $33.7 million, or $1.33 per diluted share, compared with $31.2 million, or $1.14 per diluted share, in the third quarter of 2010. Analysts were expecting earnings of $1.27 per diluted share.

  • Premier Retail Networks names new president

    SAN FRANCISCO — Ahmad Ouri has been named president of Premier Retail Networks, a global leader in digital place-based media services. Based in San Francisco, Ouri will oversee all PRN activities and lead the development and strategic growth of the company, which is wholly owned by Technicolor.

  • 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%.

  • Winn-Dixie launches Give a Meal program

    JACKSONVILLE, Fla. — Winn-Dixie on Wednesday announced it has joined forces with Feeding America to launch the Give a Meal program, which gives Winn-Dixie guests and team members the opportunity to help provide food to nearly 37 million Americans — including more than 14 million children — facing hunger this holiday season. Give a Meal runs through Jan. 3 and is available in all of Winn-Dixie’s 482 stores in Florida, Alabama, Georgia, Louisiana and Mississippi.

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