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Mass Merchant

  • Staples Q3 profit in line, sales top estimates; ups store closings

    Framingham, Mass. - Staples Inc. on Wednesday reported that its third quarter net income rose 60% to $216.8, in line with Wall Street expectations, amid signs that its reinvention strategy is starting to take hold.  

  • Stage Stores rising on renewed optimism

    The resumption of top line growth at Stage Stores enabled the operator of 858 stores to reduce the size of its third quarter net loss, but CEO Michael Glazer is taking a cautious view of the holidays.

  • Target transformation a work in progress

    It took a heightened level of promotional activity to drive marginally better than expected third quarter same store sales growth at Target’s U.S. stores while losses in Canada were less severe than the prior year.

  • Survey: Most consumers won’t shop Black Friday or Cyber Monday

    New York — Most Americans won’t shop on either Black Friday or Cyber Monday this year. According to a new Bankrate.com survey of 1,000 consumers, only 28% of Americans plan to shop in a store on Black Friday.   

  • Family Dollar delays vote on Dollar Tree deal; Dollar General still in the game

    Goodlettsville, Tenn. - Dollar General Corporation isn’t giving up. The deep discounter on Wednesday  affirmed its commitment to the acquisition of rival Family Dollar Stores. Dollar General’s comments followed the news that Family Dollar has delayed its shareholder vote on its $8.5 billion deal to be bought by Dollar Tree Inc. from Dec. 11 to Dec. 23.

  • Wal-Mart extends asset management contract with I.D. Systems

    Bentonville, Ark. – Wal-Mart Stores Inc. has extended its contract to use wireless I.D. Systems Inc. VeriWise trailer tracking and management services for its fleet or cargo trailers. The contract extension, which runs through October 2017, has a maximum aggregate value of approximately $14 million.

  • Nielsen – Private label perception among consumers mostly positive

    New York, N.Y. - Perceptions about private label are overwhelmingly favorable. Almost three-quarters of global respondents (71%) say store-brand quality has improved over time, according to a new study by Nielsen.
    Price is a primary driver of purchase intent among 70% of global respondents, but quality is important, too. Two-thirds (67%) believe private labels offer extremely good value for money.

  • TJX ready to surprise and delight customers in Q4

    The fourth quarter is off to a very strong start at TJX Companies, according to CEO Carol Meyrowitz, who expects an exciting mix of initiatives to yield a low single digit fourth quarter comp increase and profit growth.

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