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Data & Analytics

  • PetSmart raises guidance following Q2 results

    PHOENIX — PetSmart’s total sales for the quarter ended Aug. were $1.7 billion, up 5.3% from $1.6 billion for the prior-year period, showing that people are still spending money on their pets despite lingering economic challenges and cautious shopping behavior trends evident in other sectors. 

    Comparable-store sales, or sales in stores open at least a year, grew 3.4%, benefitting from comparable transactions growth of 1%. Services sales, which are included in total sales, grew 7.3% to $205 million.

  • Domino’s debuts new design in metro New Orleans

    New Orleans — Domino’ Pizza franchise operator in Alabama, Louisiana and Mississippi, RPM Pizza, has debuted a new Domino’s store design on the West Bank of the Mississippi River in the New Orleans metropolitan area.

    The new design includes a lobby, open-area viewing of food preparation and a lobby screen that tracks carryout orders electronically. In addition, chalkboards invite customers to leave feedback for store employees.

    Dominos boasts more than 10,400 stores in more than 70 international markets.

     

  • Fairway Market installs hearing loop to help deaf customers

    New York -- Fairway Group Holdings Corp., parent company of Fairway Market, is the first supermarket in New York City to install technology to help customers who are deaf place their shopping orders.

    The company said it has installed a hearing loop at its Broadway store's deli counter which works with an individual's telecoil-equipped hearing instrument or cochlear implant.

  • Staples Q2 net drops 15%; lowers forecast

    Framingham, Mass. -- Staples said Wednesday that its second quarter net income dropped 15% amid store closings, declining traffic and lower sales of computers, ink and toner. The retailer also cut its full-year earnings and revenue forecasts, citing the weaker-than-expected results.

    Staples earned $102.5 million for the period ended Aug. 3, compared to $120.4 million last year.

  • Guess? dons new chief of operations

    LOS ANGELES — Global lifestyle brand Guess? has appointed Michael Relich as the company’s chief operating officer. As part of the brand’s executive leadership team, Relich will report to co-founder and CEO Paul Marciano.

    Relich spent nine years as the brand’s chief information officer. Relich has had increasing global responsibilities, leading a number of areas, including IT, distribution/logistics, e-commerce and strategic planning.  

  • Phillips Edison buys grocery-anchored center

    Cincinnati — Phillips Edison-ARC Shopping Center REIT has acquired Paradise Crossing, a 67,470-sq.-ft. shopping center anchored by a Publix grocery store.

    Located in Lithia Springs, Ga., a suburb of Atlanta, Paradise Crossing is 93.7% occupied. When combined with the Publix lease, 64% of the rents for the center derive from national tenants.

    The acquisition brings the REIT’s portfolio to 50 grocery-anchored properties, with an aggregate portfolio purchase price of approximately $729.6 million.

     

  • Cisco Systems executive joins Gap board

    SAN FRANCISCO — Gap has elected Padmasree Warrior, chief technology and chief strategy officer of Cisco Systems, to its board of directors, effective Sept. 30.

    “Padma is an accomplished business leader with nearly 30 years’ experience within the technology industry, as both a strategist and innovator,” said Glenn Murphy, Gap Inc. chairman and CEO. “As we increase our investment in serving customers across all channels, Padma’s relevant expertise will be an asset to our board and management team.”

  • CVS opens new mail service pharmacy

    Woonsocket, R.I. — CVS Caremark has opened a 150,000-sq.-ft. fulfillment center in Mt. Prospect, Ill. It will support the CVS Caremark Pharmacy Benefit Management book of business. The $67 million facility can fill 50 million prescriptions annually. Proprietary technology at the facility automates 90% of the dispensed prescriptions and 80% of the prescriptions packaged for mailing. On-site pharmacists visually check all of the prescriptions.

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