Data & Analytics

Austin, Texas – Many smaller retailers only consider meeting the upcoming Oct. 1 deadline for EMV compliance as a small concern.

Despite the fact retailers face a shift in payment card fraud liability if they do not have EMV-compliant POS systems in place by Oct. 1, a new study from Software Advice finds that only 22% of small-to-midsized business (SMB) retailers are prepared to meet the deadline. However, the percentage of SMB retailers who are EMV-compliant has doubled from 11% in 2014 to 22% today.

San Diego - PriceSmart Inc. demonstrated intelligence when it comes to sales in August 2015. The U.S.-based operator of warehouse club stores in the Caribbean and Latin America increased net sales 13% to $232.7 million from $206.7 million in August a year earlier.

Same-store sales rose 3%. PriceSmart will release fourth quarter and fiscal year 2015 results on Oct. 29.
 

Minneapolis – Target Corp. has renewed its exclusive ATM services agreement with Cardtronics Inc. The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001.

Cardtronics currently owns and operates approximately 1,800 ATMs in Target stores located in all 50 states. All Cardtronics ATMs at Target stores participate in the company's surcharge-free Allpoint Network. Banks will have a chance to participate in the Cardtronics ATM branding program at some Target stores.
 

Fremont, Calif. – The Men’s Wearhouse Inc. likes the way its second quarter earnings look — even if its Jos. A. Bank unit continues to struggle.

Net earnings almost quadrupled to $47.8 million from $12.3 million, beating Wall Street estimates.

Houston – Rising expenses resulted in falling profits at Francesca’s Holdings Corp., which plans to slow its store expansion going forward.

Francesca’s net income fell 10% to $9.3 million in the second quarter, from $10.3 million the prior year period.

Rising boutique and payroll expenses related to new store openings were the primary factor in decreasing Francesca’s profits. However, new store openings also helped drive a 9% increase in net sales, to $106.03 million from $97.02 million.

Ankeny, Iowa – Cost controls helped Casey’s General Stores Inc. boost profit even as revenue fell in its first quarter.

Net earnings grew 23% to $61.8 million from $50.1 million, driven by a significant decline in cost of goods sold.

Total revenue dropped 10% to $2.05 billion, from $2.29 billion. Fuel price volatility negatively impacted revenue results.

Casey’s annual goal is to build or acquire 75 to 113 stores, replace 10 existing locations and perform major remodels on 100 existing locations.

A California-based teen retailer is launching a major expense reduction initiative in the wake of disappointing second quarter results.

The CEO of Men’s Wearhouse Inc. says the company is well-positioned to implement its growth strategy despite lackluster second quarter results and a struggling Jos. A. Bank unit.

Conn’s is selling off much of its consumer debt and appointing a new CEO as the specialty retailer looks reposition its business.

In a series of strategic moves designed to shore up its ailing consumer finance business and restore investor confidence, Conn’s has named Norman Miller as its new CEO, entered into an agreement to securitize $1.4 billion of retail installment contract receivables, and received board authorization to repurchase up to $75 million of securities, and termination of the stockholders’ rights plan.

On a day when his company reported its fifth straight quarter of sales declines, the CEO of Barnes & Noble sounded a positive note, telling the Wall Street Journal that the retailer is looking at a new store prototype.