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Business Analytics

  • Construction spending drops between July and August, but ahead of last year

    New York -- Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.

  • Sears turns to Seattle for propane proof

    Sears has equipped 27 of its Home Services division vehicles with engines that run on propane gas as part of a broader energy management effort.

    The efficiency initiative involving 27 Roush CleanTech Ford E-250 cargo vans fueled by propane autogas will be deployed in the Sears Home Services Seattle fleet.

  • Walgreens adjusted results top forecasts

    DEERFIELD BEACH, Fla. — Walgreens’ fiscal fourth quarter net income fell 55% compared with a year ago when the drugstore operator recorded a big business sale gain. However, its adjusted earnings still beat analysts’ expectations.

    Walgreen earned $353 million for the quarter ended Aug. 31, compared with $792 million a year ago. On an adjusted basis, Walgreen earned $553 million versus $599 million a year earlier. Adjusted earnings excluded acquisition-related costs and costs related to inventory.

  • Sears improves efficiency on home-services fleet

    Seattle -- Sears Holdings Corp. strengthened its environmental commitment with the rollout of 27 new Roush CleanTech Ford E-250 cargo vans fueled by propane autogas, to be deployed in the Sears Home Services fleet in Seattle for in-home service and repair visits.

  • GameStop takes care of its own with new relief fund

    GRAPEVINE, Texas — GameStop as formed The Gamer Fund to provide temporary relief and meet the basic needs of GameStop associates who are facing hardships from tragic and isolated events. Endowed with seed donations from GameStop’s founders and senior management team, The Gamer Fund will be fully run and funded by GameStop associates.

  • RadioShack CEO steps down

    Fort Worth, Texas -- RadioShack Corp. said CEO James Gooch has agreed to step down from his position, effective immediately. The company did not specify a reason for his departure. Gooch was appointed CEO in 2011 and has been working to boost stagnant sales.

    RadioShack said its board is conducting a search for a successor and would not rule out internal candidates. In the interim, executive VP and CFO Dorvin Lively will serve as the acting CEO.

  • Whole Foods earns green distinction

    AUSTIN, Texas — Whole Foods Market has received a 2012 Green Power Leadership Award for sustained excellence from the Environmental Protection Agency for its renewable energy purchase of 800 million kilowatt-hours (kWh) last year.

    In addition to its renewable energy purchases, Whole Foods Market is generating nearly 258,000 kWh annually with the use of on-site solar arrays. Whole Foods Market adds this most recent award to its three previous Green Power Partner of the Year and two Green Power Purchasing awards from the EPA.

  • Consumer Confidence Index increases in September

    New York -- The Conference Board Consumer Confidence Index, which had declined in August, improved in September to 70.3 -- up from 61.3 in August.

    The Expectations Index increased to 83.7 from 71.1. The Present Situation Index rose to 50.2 from 46.5 last month.
     

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