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Sales & Marketing

  • Major Walmart shareholder urges rejection of key board members at annual meeting

    NEW YORK — It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

  • Body Central profit rises in Q1, on track to open 35 stores in 2012

    Jacksonville, Fla. -- Body Central Corp. reported Thursday that net income for the first quarter rose to $5.9 million, from $5.4 million in the same period last year. Sales increased 11.8% to $82.7 million, and same-store sales dipped 1.4%.

    The retailer, which operates 243 stores, said it is on track to open at least 35 stores in 2012.
     

  • Best Buy loses another top exec

    NEW YORK — Best Buy’s chief marketing officer, Barry Judge, has resigned. His resignation follows the departure last month of chief executive Brian Dunn.

    Judge is “leaving the company to explore the next chapter in his career,” Greg Hitt, a spokesman for Best Buy, said by e-mail, in a Bloomberg report.

  • Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

    New York -- Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April. An early Easter, which helped fuel March results, high gas prices, cool weather and renewed worries about the economy contributed to the decline, according to many analysts.

  • Charitable bottled water company claims top prize in Walmart contest

    SAN BRUNO, Calif. — HumanKind Water, PlateTopper and SnapIt Eyeglass Repair Kit have the distinction of being the winners of Walmart's Get on the Shelf contest -- beating out more than 4,000 inventors, entrepreneurs and small businesses to claim the coveted prize of being carried at Walmart.com and in Walmart U.S. stores.

  • Build-A-Bear Workshop narrows loss

    St. Louis -- Build-A-Bear Workshop posted a narrower-than-expected loss for the first quarter. The retailer reported a net loss of $1.0 million for the quarter ended March 31, 2012, down from a loss of $2.3 million last year.

    Consolidated net retail sales of $95.2 million represented a 1.6% increase compared to $94.2 million. Revenue came in at $96.4 million, missing the $97.6 million analysts had expected. Same-store sales in the quarter rose 3.6% in North America. Overall same-store sales rose 1.2%.

  • Stellar Q1 comp begs question where to next?

    April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

  • Taking the Risk out of ‘Hassle-Free’ Returns

    By Robert E. Walters, Theretailequation.com
     

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