Predictive Analytics

SEATTLE  -- Retail industry online sales ascended to new heights during the past holiday season and as Amazon.com’s fourth quarter results show it was a key driver of the growth.

The company’s fourth quarter sales increased 36% to nearly $13 billion and its full year sales increased 40% to $34.2 billion. North America fueled the increase with sales that were up in the U.S. and Canada by 45% to $7.21 billion. Profits grew at a slower pace with fourth quarter net income up 8% to $416 million and full year profits up 28% to $1.15 billion.

Seattle -- Starbucks Corp. reported that its first quarter net income rose nearly 44%, beating expectations, to $346.6 million in the period ended Jan. 2. That's up from $241.5 million a year earlier. Although the company expects its base of customers to keep growing, it offered a tepid full-year forecast, saying higher commodity costs could eat into its profit.

Revenue rose nearly 8% to $3 billion. Same store sales rose 7%, driven by a 5% boost in traffic and 2% higher average transaction. The figure rose 8% in the United States and 5% abroad.

Cleveland-based Sherwin-Williams reported fourth-quarter net income of $72.9 million, up 11.6% from $65.3 million reported for the same period last year.

Sales for the quarter ended Dec. 31 were $1.89 billion, up 18.8% from $1.59 billion reported for the same period in 2009.

For the full year, the company reported net income of $462.4 million, up 6.1% from $435.8 million for fiscal year 2009.

Sales for 2010 totaled $7.77 billion, up 9.5% from $ 7.09 billion reported last year.

New York City -- Ikea plans to use solar energy in its store under construction in the Denver suburb of Centennial. Pending governmental permits, installation of solar panels on the store’s roof will begin in February, with completion by grand opening this fall.

Waltham, Mass. -- The Bon-Ton Stores has selected dynaTrace’s application performance management system to optimize the performance, scalability and stability of its recently implemented IBM e-commerce platform. The deployment comes at a time when the retailer’s online business is growing dramatically.

The retail industry will grow by 5.1% in 2011, the strongest growth in four years, according to Customer Growth Partners 2011 Forecast and Outlook. The New Canaan, Conn.-based consulting and research firm projects that the industry will create over half a million new jobs in 2011, the most of any employment sector, and that retail sales will reach a record level of almost $2.9 trillion.

Washington, D.C. -- The Conference Board said Tuesday that its Consumer Confidence Index reached its highest level in eight months as Americans grew more optimistic about the job market.

The Index climbed to 60.6 this month, up from 53.3 in December. While that reading surpassed expectations, it still falls short of the 90 level that indicates a healthy consumer mindset.

The January figure was the highest since last May's 62.7, and hasn’t been above 90 since the recession began in December 2007.

Cleveland -- Sherwin-Williams Co. reported Tuesday that net income for its fourth quarter increased to $72.9 million, compared with $65.3 million in the prior year.

Revenue rose to just under $1.9 billion, from $1.6 billion. Wall Street expected revenue of $1.78 billion.

Washington, D.C. -- A report released Thursday by the Labor Department said that U.S. claims for initial jobless benefits last week posted their biggest decline in nearly a year.

The drop erased the holiday-related spike, and illustrated that a healthier labor market remains intact.

New York City -- Revionics said that it has been selected by Roundy’s Supermarkets as the retailer’s price optimization provider. The supermarket chain said it will leverage Revionics' analytic services, which will provide the retailer with insight into market patterns and consumer preferences to make better, fact-based decisions.