Data & Analytics

Kroger extended its same store sales winning streak to 36 consecutive quarters and reported better than expected profits Thursday.

The grocer reported a third quarter adjusted profit of 46 cents a share that exceeded analysts’ consensus estimate by three cents and said its identical store sales grew by 3.2%. Total sales, including fuel, increased 5.9% to $21.8 billion

The Sustainability Consortium jointly administered by the University of Arkansas and the University of Arizona, with support from Walmart and many of its suppliers, is ranked among 10 ideas changing the way people live by Scientific American.

New York -- Blaming superstorm Sandy for its disappointing November results, Macy’s reported a 0.7% dip in same-store sales and missed Wall Street’s expected 1.5% rise. The results were echoed by much of the category.

"Despite the largest-volume Thanksgiving weekend in our company's history, we were not able to overcome the weak start to the month, which included the disruption of Hurricane Sandy," said Terry J. Lundgren, chairman, president and CEO of Macy’s. Total sales for the month slipped 0.6% to $2.45 billion.

New York -- Aeropostale reported Thursday that profit for the third quarter rose to $24.9 million, from $24.1 million last year.
 
Sales increased 2% to $605.9 million, beating Wall Street’s expected $601.2 million. Same-store sales dipped 2%.

NEW YORK — James Gallagher was named CFO at Bluefly, an online retailer of designer brands founded in 1998 in the heart of New York’s fashion district.

Gallagher comes to Bluefly with more than 33 years of  financial, strategic and operations experience with growth oriented international, entrepreneurial and corporate entities across a broad range of industries, including Internet-focused marketing, e-commerce, entertainment and technology companies.

Digital audience measurement firm comScore has launched a new service called Media Metrix Multi-Platform to help advertisers makes sense of how shoppers are interacting with their brands in an increasingly multi-channel world.

New York -- Retailers that opened early on Thanksgiving evening gained an advantage and that promotional activity was about on par with last year, according to a new Moody’s report, “Thanksgiving Weekend: The Early Bird Gets the Worm.”

New York -- Many retailers blamed Hurricane Sandy for weak sales in November, although some companies were buoyed later in the month by a long Thanksgiving weekend.

Eighteen retailers reported that sales in November through last Saturday were up 1.7% compared with the year-ago period, according to the International Council of Shopping Centers. That is below the anticipated forecast for a 4.5% to 5.5% gain.