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Mass Merchant

  • Int. division helped 2Q, but not as much as Sam’s

    Walmart International sales increased 7.1% to $27.8 billion in the second quarter and all countries produced sales growth, except Japan, when measured on a constant currency basis. Profitability didn’t improve as quickly. Operating profit was up 0.5% to nearly $1.3 billion, but if some one time charges are excluded the growth rate picks up to 5.6%.

  • Gap Inc. income down in a challenging quarter

    SAN FRANCISCO — Gap Inc. reported that net sales for the second quarter of fiscal year 2011, which ended July 30, increased 2% to $3.39 billion compared with $3.32 billion for the second quarter last year. The company’s second quarter comparable sales, which include associated comparable online sales, were down 2% compared with a 1% increase in the second quarter last year. For the second quarter of fiscal year 2011, online sales positively impacted comparable sales for Gap Inc. by 2 percentage points.

  • Hhgregg to open 14 Chicagoland stores on Sept. 15

    Indianapolis -- Electronics and appliances retailer Hhgregg said Friday it will open 14 new stores in the Chicago area on Sept. 15.

    Chicago is a new market for Hhgregg, and with the opening of 14 new stores, it will become the company’s largest market.
     

  • Turn those awkward photos into college cash from Meijer

    GRAND RAPIDS, Mich. — Meijer and Dr. Pepper announced that they are often students the  chance to turn those awkward photos into money for college. Through August 27 participants can go to the Meijer Facebook page and upload their photos for a chance to win free tuition for a year (maximum value $20,000). 

  • Declining traffic is a global phenomenon

    The trend of fewer people shopping Walmart stores less often has hurt the company’s efforts to revitalize U.S. sales growth, and now it the appears trip consolidation trend is playing out internationally as well.

  • Gap's profits drop 19% in Q2

    San Francisco -- Gap reported Thursday that profit for the quarter ended July 30 dropped 19% to $189 million, compared with $234 million in the year-ago period.

    The retailer, which operates the Gap, Old Navy and Banana Republic banners, cited aggressive merchandise pricing reductions for the profit decline. Results beat analysts’ earnings expectations, but the declines still raised concerns about Gap’s performance in the upcoming fall and holiday shopping seasons.

  • CSA hits the airwaves!

  • Children's Place loss widens in Q2

    Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that its loss for the second quarter widened to $9.8 million, from $8.2 million a year earlier.

    Revenue dipped almost 1% to $343.5 million, missing Wall Street’s expected $356.3 million.

    Same-store sales declined 5.6%.



     

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