Data & Analytics

New York -- Survey results unveiled Thursday by online coupon site RetailMeNot.com and Ipsos Public Affairs found that  an overwhelming number of consumers think the economy is in dire straits. As well, this pessimistic group is shoppers to adjust their holiday consumption behaviors and shop earlier this year.  

Specific findings of the report include:

Anaheim, Calif. -- Pacific Sunwear of California Inc. reported Wednesday a loss of $17.5 million for the second quarter, narrowed from a loss of $19.3 million in the year-ago period.

Results were boosted by a 5% sales in the quarter ended July 28 – to $210.3 million, from $200.9 million last year. Wall Street expected $203.1 million in revenue.

Same-store sales climbed 5%, which included a 7% rise in PacSun’s men’s division and a 2% rise on the women’s side.
 

Waterloo, Ontario -- Axonify Inc. said Thursday that Toys ”R” Us Canada has selected Axonify’s next generation eLearning platform to deliver training content to its employees.

Axonify said it will assist Toys “R” Us Canada in integrating learning into the daily activities of its more than 5,000 associates, while providing a personalized experience that addresses a variety of generations, knowledge levels and learning styles.

New York - Amazon.com, Trader Joe’s and Costco Wholesale Corp. came out on top with consumers in a survey by global strategy firm OC&C Strategy Consultants, Boston. Rounding out the top five were Zappos and iTunes.

By James H. Donell, CPM  CCIM, [email protected]

When a commercial real estate property goes into foreclosure, the effects can be damaging for all parties involved – not only for the owner of the property who has defaulted, but also the lender and any additional creditors who may have a lien on the property.

PITTSBURGH — American Eagle Outfitters' income from continuing operations increased 62% to 21 cents per diluted share for the second quarter, compared with 13 cents per diluted share for the comparable quarter last year. Net income for the second quarter, which includes a loss from discontinued operations, was 9 cents per diluted share, compared with 10 cents per diluted share last year.

Los Angeles -- Guess Inc. on Wednesday reported that its second-quarter profit fell to $42.9 million, from $60.7 million a year ago. The company also lowered its full-year earnings outlook.

Total net revenue for the quarter ended July 28 fell 6.2% to $635.4 million, from $677.2 million.

The company’s retail stores in North America generated revenue of $253.0 million in the second quarter, down 3.1% from $261.1 million in the same period a year ago. Same-store sales fell 8.5%.

New York -- Greenway Medical Technologies Inc. has entered into a deal with Walgreen Co. whereby the drug store chain will use Greenway’s electronic health records in all of its stores.

Greenway said its records will allow Walgreen pharmacists to view a customer's entire prescription profile and health testing and immunization history even if the customer received those services at other Walgreen stores.

The service will be rolled out at all Walgreen stores by the end of next summer.

 

By Taqi Mohiuddin, [email protected]

The stakes are rising in retailing. 

Pittsburgh -- American Eagle Outfitters Inc. said that its net income fell 4% in the second quarter as the retailer dealt with charges related to the closing of its children’s division, 77kids, which included 22 stores and the online business. But its adjusted results met analysts' estimates, and the company raised its full-year outlook.

For the second quarter that ended July 28, American Eagle earned $19.03 million, compared with $19.7 million last year.