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  • Keeping Customers Engaged When Virtual and Real World Retail Strategies Converge

    By Kenneth Gruskin, [email protected]

    Today, fickle and demanding consumers can access virtually anything they want as a result of technology such as smartphones, tablets, and computers. This anytime, anywhere access coupled with what can be referred to as the four ‘C’s’ — convergence, convenience, connection, and cost — are having a dramatic impact on retailers. 

  • Retail container traffic to be up slightly in December

    Washington, D.C. -- Import cargo volume at the nation’s major retail container ports should be up 0.3% in December compared with the same month last year as retailers head to the finish line of the holiday shopping season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Report: Tesco postpones opening wholesale stores in India

    Mumbai, India -- A Monday report by Reuters said that the world’s third-largest retailer Tesco Plc has delayed its plans to set up wholesale stores in India, as it faces mountains of political red tape and controversy in the country.

    Reuters, citing a report in the Business Standard newspaper, said that the supermarket giant will instead focus on setting up warehouses and back-end infrastructure. 

  • TRU Q3 sales down ahead of holiday shopping season

    WAYNE, N.J. — Toys“R”Us' focus on the upcoming holiday shopping season was reflected in its third quarter results, which included a sales decrease. The company reported that net sales for the quarter were $2.7 billion, compared to $2.72 billion in the prior year. The company said it saw continued strength in learning and core toys, while the video game category remains a challenge.

    Comparable store net sales decreased by 2.2% in the domestic segment and 3.9% in the international segment. 

  • Supervalu steps up to the efficient buildings challenge

    Washington, D.C. — Supervalu announced that it has joined the U.S. Department of Energy’s Better Buildings Challenge, which aims to engage building operators nationwide in improving energy efficiency by 20% by 2020. The announcement was made by President Barack Obama and former President Bill Clinton during a leadership event attended by Craig Herkert, Supervalu CEO and president, this morning in Washington, D.C.

  • Ikea extends solar commitment with plans to install solar on all ten southern U.S. stores

    Conshohocken, Pa. -- Ikea announced plans to install solar energy panels on 10 additional United States locations, its entire presence in the Southern United States.

    Pending governmental permits, installation will begin this winter, with completion expected in summer 2012.

    Collectively, the nine stores and one distribution center will total 10.7 Megawatts (MW) of solar generating capacity, nearly 45,360 panels, and a projected annual electricity output of 15,248,334 kilowatt hours (kWh).

  • New execs named at Tractor Supply

    BRENTWOOD, Tenn. — Tractor Supply Company announced Monday that Alexander Stanton has been appointed as SVP supply chain and Christine Skold has been appointed as VP investor relations, strategy and tractor value system. 

  • Dollar General’s net jumps 34%; plans 625 stores and 550 remodels in fiscal 2012

    Goodlettsville, Tenn. -- Dollar General Corp. reported that its fiscal third-quarter net rose 34% to $171.2 million on higher sales. The results beat Wall Street expectations and the discounter boosted its full-year earnings guidance

    Revenue for the quarter ended Oct. 28, 2011, increased 12% to $3.6 billion from $3.22 billion, topping Wall Street's estimate. Same-store sales rose 6.3% as customer traffic improved and the average transaction amount rose.

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