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Mass Merchant

  • Walmart expands solar installations in Hawaii

    Kapolei, Hawaii -- Wal-Mart Stores Inc. announced Wednesday that, together with SunEdison, it has completed new solar power installations at three Walmart stores in Kahului, Kailua-Kona and Kapolei, Hawaii, doubling the total number of stores in Hawaii powered by renewable solar energy.

    The installations contribute to Wal-Mart’s objective of being supplied 100% by renewable energy. Similar installations are already in operation atop the Honolulu Sam's Club and Mililani Walmart on Oahu, and the Lihue Walmart on Kauai.

  • RadioShack swings to loss in Q4

    Fort Worth, Texas -- RadioShack Corp. reported a greater-than-expected net loss of $63.3 million in the fourth quarter ended Dec. 31, compared with a profit of $11.9 million a year earlier.

    Total sales edged down to $1.3 billion compared to $1.39 billion last year. Comparable-store sales fell 7%, hurt by a decline in the performance of its postpaid wireless business.
     

  • Eco lawn brand gets major distribution deal with Target

    PROVO, Utah — Target strengthened its sustainability rep recently with the addition of EcoScraps, a provider of organic, chemical- and manure-free lawn and garden products, to its lineup. The sustainable, 100% organic, potting soil is now available at more than 1,700 Target stores nationwide. This marks the first time that EcoScraps will appear on the shelves of a major retailer at the national level.

  • Tax delay dents AutoZone sales

    A 1.8% decline in second quarter same store sales at AutoZone was attributed to a two week tax return processing delay by the Internal Revenue Service.

    The delay kept tax refunds out of the hand of AutoZone customers inclined to perform maintenance on their vehicles during the retailer’s second quarter ended February 9. Last week, Walmart also cited the tax processing delay as a source of sale weakness when it reported a 1% comp increase that was at the low end of its forecast range for a 1% to 3% increase.

  • Publix leads all retailers in customer satisfaction, followed by Amazon and Office Depot

    Ann Arbor, Mich. -- Customer satisfaction with e-commerce websites in on the rise, with Amazon topping all measured sites, according to the American Customer Satisfaction Index's (ACSI) annual E-Commerce Report, produced in partnership with customer experience analytics firm ForeSee.
       

  • Publix tops among retailers in customer satisfaction, followed by Amazon and Office Depot

    ANN ARBOR, Mich. -- Customer satisfaction with retailers is on the rise, according to a report released by the American Customer Satisfaction Index. In fact, it’s at an all time high, up 0.7% to 76.6 in 2012 on ACSI’s 100-point scale. And once again, Publix is on top, outperforming all other retailers (physical and pure online players) with a score of 86.

  • Expect big deals in 2013, says BDO

    CHICAGO — If the folks at BDO are to be believed, the OfficeMax/Office Depot merger will be just one of many potential deals forged in 2013.

  • Macy's CEO takes stand in Martha Stewart case

    NEW YORK — Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between JCPenney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

    The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products. 

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