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  • Online sales tax bill approved by Arkansas Senate

    New York City -- The Arkansas Senate voted Thursday to require many out-of-state online retailers to collect sales taxes the same way in-state stores do, a move that is pitting Wal-Mart Stores against online stores and anti-tax activists, the Associated Press reported.

  • Zumiez Q4 profit nearly doubles, to open 44 stores

    Everett, Wash. -- Zumiez reported Thursday that net income for the quarter ended Jan. 29 almost doubled to $15 million, compared with net income of $8.8 million in the year-ago period.

    Sales increased 17.9% to $156.2 million, from $132.4 million. Same-store sales increased 13 %.

    For the full year, sales rose 17.5% to $478.8 million, from $407.6 million. Profit rose to $24.2 million, from $9.1 million in fiscal 2009.

    Same-store sales increased 11.9% in fiscal 2010.

  • Readers Speak Out: To what retailers will Borders' prime real estate go?

    In the Feb. 24 edition of SiteTalk, we asked you about Borders'just-announced Chapter 11 bankruptcy and closures, and to what retailers you thought some of that prime real estate would go. Here is what two of our readers had to say:

    "[I think they will go to] regional furniture chains [Value City] and regional electronics such as Hhgregg."
    -- Joe Deckop
    Columbus Consulting
    Columbus, Ohio

  • Walmart makes multichannel move with same-day service

    BENTONVILLE, Ark. -- An online order and same-day pick up service will be expanded to all Walmart stores beginning this month, the company announced. The “Pick-Up Today” service allows shoppers who make a purchase online to pick up their merchandise within about four hours if the order is placed before 6 p.m. Orders place after that time are available for pick up the next day before 10 a.m.

  • The Buckle profit rises in Q4

    Kearney, Neb. -- The Buckle reported Thursday that net income for the quarter ended Jan. 29 rose to $49.5 million, compared with $42.1 million in the year-ago period.

    Sales rose 10.4% to $303.1 million, from $274.4 million.

    Same-store sales increased 6.3%.

    For the full year, The Buckle reported that net income rose to $134.7 million from $127.3 million in 2009. Yearly sales increased 5.7% to $949.8 million, from $898.3 million. Same-store sales edged up 1.2%.

  • Stein Mart delivers 4Q profits, but sales slide

    JACKSONVILLE, Fla. -- Stein Mart announced that net income for the fourth quarter was $18.8 million or 42 cents per diluted share compared with net income of $2.7 million or 6 cents per diluted share in 2009. Excluding the impact of a favorably tax benefit, fourth-quarter net income increased to $14.6 million or 32 cents per diluted share compared with $8.7 million or 19 cents per diluted share in 2009.

    For the year, net income was $48.8 million or $1.08 per diluted share compared to net income of $23.6 million or 54 cents per diluted share in 2009. 

  • Walmart rolls out ‘Pick Up Today’ program nationally

    Bentonville, Ark. -- Wal-Mart Stores announced Thursday that it will launch a national rollout of its “Pick Up Today” program later in March, expanding its multichannel offerings to allow shoppers to purchase items online and receive free same-day pickup at a local Walmart store.

  • Women now majority on Walmex board

    Shareholders of Wal-Mart de Mexico elected three new female board members at the company’s annual meeting yesterday, bringing to six the number of women on the company’s eleven-member board.

    The new members include Shelley Broader, chief merchandising officer of Walmart Canada, Olga Gonzalez, Walmart’s VP audit services for Latin America and Kristin Oliver, SVP people for the Walmart International division. Other women on the board include Cathy Smith, Blanca Trevino and Kristin Oliver.

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