Sales & Marketing

Chelmsford, Mass. -- The Kronos Retail Labor Index edged down to 3.8% in October 2011, following an upwardly revised 4.2% for September, which was the first reading above 4% since October 2008. Even with the small decline in October, the Retail labor Index remains well above the series low of 2.8% in January 2011.

WAYNE, N.J. — Toys“R”Us is looking to become a bigger player in the consumer electronics space by announcing the expansion of key categories and dedicated store space.

Belmont, Calif. -- SunEdison, a leading worldwide solar energy services provider and Staples announced a production milestone of more than 30 million kilowatt-hours of energy produced through solar installations on Staples' properties.

NEW YORK — With fewer retailers following in Walmart's footsteps in not disclosing monthly sales, it has become harder to gauge the overall health of the industry. Still, enough of them reported this monht to show that consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters.

Austin, Texas -- Whole Foods Market reported that its fiscal fourth-quarter profit rose 31% to $75.5 million on higher sales, beating analysts' expectations. But the company's outlook for next year's profit fell just short of what analysts forecast on average.

Revenue increased 12% to $2.35 billion.

WOONSOCKET, R.I. — CVS Caremark on Thursday reported solid third-quarter results — 2 cents above the high end of its guidance range — driven in large part by been tter-than-expected performance in its pharmacy benefit management, which is in the midst of a profit-improvement plan.

Naperville, Ill. -- OfficeMax announced that it has appointed Jim Barr as executive VP and chief digital officer, effective Nov. 14. Barr will be responsible for all aspects of the company's e-commerce business and for driving its multichannel digital strategy.

Barr has been working with the OfficeMax e-commerce business in an advisory capacity since July 2011. Prior to that, he served as president of Sears Holdings' online division.
 

NEW YORK — Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters. However, while the October results were not as promising as some retailers had hoped, sales for the most part rose and most chains reported results that were only slightly off from analysts’ estimates. Some analysts blamed Wall Street for underestimating how much caution is still out there.