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Things looking up at 99 Cents Only Stores
The turnaround at extreme-value retailer 99 Cents Only Stores appears to be taking hold. The retailer reported that net sales for its first quarter, ended April 28, increased 6.7% to $547.5 million, from $512.9 million in the year-ago period. Same-store sales increased 6.9%, with higher customer traffic of 4.2%, and a higher average ticket of 2.5%. -
Study: Fulfillment costs erode up to 70% of brands’ order value
Complexities associated with online shipping and fulfillment are eating into retailers’ profitability. This was according to “Strategies for Agile, Profitable and Secure Omnichannel Execution.” The report, from Radial, revealed that more than 55% of customers are using multiple channels, such as online and mobile to shop.

