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  • Census Bureau: U.S. e-commerce sales near $65 billion in Q2

    Washington, D.C. -- U.S. retail e-commerce sales for second quarter 2013, adjusted for seasonal variation, but not for price changes, totaled $64.8 billion, an increase of 4.9% from first quarter 2013. According to estimates from the U.S. Census Bureau, this figure represented an 18.4% jump from U.S. commerce sales in second quarter 2012.

    E-commerce sales in the second quarter of 2013 accounted for 5.8% of total U.S. retail sales of close to $1.13 trillion. Total retail sales grew 0.9% quarter-over-quarter and 4.7% year-over-year.

     

  • Walmart lowers full year forecast on soft Q3 sales

    Bentonville, Ark. -- Wal-Mart Stores lowered its full year profit forecast early Thursday after reporting weaker that expected second quarter U.S. same-store sales at its U.S. division and suggested global economic conditions remain challenging.

  • Walmart’s Q2 Results

    By Stephen Springham, senior retail analyst Planet Retail
     
    After the horror show of Q1, Walmart had so much to prove domestically in Q2. And it has again come up short. A U.S. comp store decline of 0.3% was below earlier management of a 0.2% decline, guidance that was endorsed as recently as the Annual Shareholder Meeting in June. This marks the second quarter that U.S. comps have been both in negative territory and below guidance. Those accusing Walmart of ‘crying wolf’ in its bullishness (ourselves included) may feel vindicated.

  • Driving Big Decisions with Big Data

    By Ron Menich, Ph.D., EVP and chief scientist, Predictix

    Wherever you turn today, Big Data is impacting every facet of society and business — and retail is no exception. For example, consider the impact of weather patterns on retail sales.

  • New restaurant signs for Shelter Cove Towne Centre

    Hilton Head Island, S.C. — SERG Restaurant Group has announced that it has signed a letter of intent to create of a new restaurant for Shelter Cove Town Center. The concept for the new restaurant has been in development for three years and will open in 2014. Details were not announced.

  • Retail sales edge up in July

    Washington, D.C. -- U.S. retail sales edged up 0.2% in July from June, according to figures from the Department of Commerce. This followed a 0.6% month-over-month boost in sales in June, driven by strong auto sales. The slower sales uptick reflected a drop in purchases of automobiles, along with furniture and electronics.

  • August merchandise imports to show first increase since May

    Washington, D.C. -- Following negative numbers in four of the last five months, import volume at the nation’s major retail container ports is expected to grow 1.7% in August over the same month last year and should continue to see gains through the holiday season and the remainder of 2013, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates. The year is expected to end with a 2.4% increase over 2012.

  • New eateries sign into Village on Pooler Parkway

    Pooler, Ga. — The Olive Garden, Panera Bread, Moe’s Southwest Grill, Jersey Mikes Subs and Jalapenos Mexican Grill have all inked deals with GBT Realty Corporation for space in Village on Pooler Parkway, a 143,000-sq.-ft. shopping center now under development in Pooler, Ga.

    The Panera shop will occupy a freestanding building with a drive-through, making it one of the first locations in the market to feature Panera’s new prototype.

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