Data & Analytics

New York -- The Wet Seal Inc. encouraged its shareholders on Wednesday to reject efforts by its third-largest investor, Clinton Group, to gain control of the board, Reuters reported. The company's board has eight seats, of which one is vacant.

Clinton, which holds approximately 7% of Wet Seal, said retailer earlier in the day backtracked on an offer, made via an investment banker, for four directors to resign in exchange for the activist investor ending its move, according to the report.

New York -- Apparel retailers and department stores reported monthly revenue results for September that were mixed, as Gap Inc. and Limited Brands posted gains that beat Wall Street estimates, while Macy's and Kohl’s missed expectations.

However, many analysts said spending was fairly strong for the month.

FOOTHILL RANCH, Calif. — The Wet Seal reported that total sales declined 9.9% to $48.3 million for the month of September. Comparable-store sales fell 12.7% compared with same-store sales that were essentially flat last year.

E-commerce sales, which increased 15% for the month, were a bright spot for the company.

DEERFIELD, Ill. — Walgreens on Wednesday posted a 7.8% decline in its September sales to nearly $5.5 billion, compared with $5.9 billion for the same month in fiscal 2012.

WASHINGTON, D.C. — The Association of Postconsumer Plastics Recyclers has launched new online resources to help grocery chains recycle more of the plastic containers they use and empty onsite. The program is aimed at recycling the more than 350 million pounds of plastic containers that are discarded annually by grocery stores across the United States.

Layaway program have become all the rage the past few years as retailers seeks to offer shoppers every conceivable convenience to capture every available sales dollar.

SAN FRANCISCO — Fast Retailing will open its first West Coast Uniqlo flagship store in the Union Square neighborhood of San Francisco.

London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

"The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

Seattle -- Green-building consulting firm Paladino and Co. said Wednesday it has acquired S.D. Keppler & Associates, a green consultancy out of Rockville, Md.
 
The two firms have joined to establish a comprehensive consulting offering focused on elevating the impact of green real estate programs within business.

Deerfield, Ill. -- Walgreens reported Wednesday that total sales for the month of September fell 7.8% to $5.48 billion. Front-end sales dipped 0.4% and same-store sales for the front decreased 1.5%.

Customer traffic fell off 2.3% in September, but the biggest factor in the slowed performance was the 10.3% decrease in same-store prescription sales for the month.

Overall, same-store sales dropped 11.1%.