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Mass Merchant

  • Walmart extends offer to Illinois-based Amazon affiliates

    SPRINGFIELD, Ill.  -- Walmart has joined the likes of Sears and Barnes & Noble in offering Amazon.com affiliates the opportunity to join its own network. The retailer today issued an open invitation to all Illinois online affiliates to explore the opportunity to join Walmart.com's affiliate network. This invitation comes as Amazon.com and Overstock.com threaten to terminate their relationships with all Illinois affiliates should H.B. 3659 (Main Street Fairness Act) be signed into law.

  • Report: Best Buy considering tablets for sales assistants

    New York City -- Best Buy is studying a variety of devices for its in-store employees to use, including the Galaxy Tab from Samsung, the original iPad and Motorola Mobility’s Xoom, The Wall Street Journal reported.

    “While we plan in the future to supply each store a limited number of handheld devices to use as sales tools when assisting the consumer, we have not many any final decision at this time,” a Best Buy representative said, according to the report.

  • Dick’s maintains momentum with same-store sales streak

    PITTSBURGH -- Dick’s Sporting Goods on Tuesday showed why it is the nation’s leading sporting goods retailer by producing record profits and a 9.4% same-store sales increase that extended to six its string of consecutive quarterly comp gains.

  • Retailers counting on the luck of the Irish

    WASHINGTON -- With Easter falling in late April this year, retailers are without a major holiday to boost March sales, and many are expecting weaker sales this month. However, thanks to St. Patrick's Day, which falls on March 17, retailers have the help of this micro-holiday.

  • Stage Store Q4 earnings up on improved sales

    Houston -- Stage Stores' fiscal fourth-quarter profit rose 15% on increased sales. The department store operator said its board approved a new buyback of up to $200 million of its outstanding shares.

    The department store operator reported net income of $32 million for the period ended Jan. 29, up from $27.9 million a year earlier.

    Revenue rose 5% to $453.7 million, from $431.7 million. Analysts expected $453.5 million in revenue.

  • Grocery continues to drive growth at Target

    Get used to that headline. Increased sales of food during the coming year are expected to contribute 1.5% to Target’s same-store sales growth as the company continues it aggressive PFresh remodeling program.

    Same-store sales in February advanced 1.8%, and the strongest performance came in the grocery category, where comps increased in the low teens while health care, beauty and other household essentials experienced gains in the mid-to-upper single-digit range. Also showing strength was the apparel category where comps increased in the low-to-mid single-digit range.

  • Share gains coming, but not the next Walmart

    Target is expected to gain about $3 billion in market share during the next few years as the company completes the rollout of its PFresh program, according to Credit Suisse analyst Edward Kelly.

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