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  • Kirkland’s Q3 same-store sales fall

    Nashville, Tenn. -- Kirkland's Inc. raised its third-quarter earnings outlook Thursday after total revenue rose because of store expansion.

    Total revenue rose 4.7% to $97.1 million in the August-to-October period. Same-store sales fell 3.6%.

    The home-decor store said it now expects earnings of 3 cents to 5 cents per share, up from its previous prediction of a quarterly loss.

  • Cardtronics acquires Canada’s Mr. Cash

    Houston -- Cardtronics announced that its wholly owned subsidiary, Cardtronics Canada acquired Mr. Cash ATM Network, Lethbridge, Alberta.

    The acquisition expands Cardtronics’ international presence into Canada. Financial terms of the acquisition were not disclosed.

  • Mac Naughton didn’t really have anything new to say

    Walmart EVP merchandising Duncan Mac Naughton spoke at two events this week in Northwest Arkansas, and he said essentially the same thing on both occasions. Two weeks earlier during a supplier summit event at the retailer’s home office, he said basically the same thing, according to those in attendance. And the comments at the supplier summit were essentially the same as those shared with members of the financial community during a mid-October analysts’ meeting or back in August.

  • Starbucks Q4 profit soars 29%, same-store sales up 9%

    Seattle -- Starbucks Corp.’s fiscal fourth-quarter profit jumped nearly 29%, beating Wall Street estimates on strong sales around the globe. The company earned $358.5 million in the quarter, up from $278.9 million last year. Revenue rose 7% to $3 billion, with some benefit from foreign exchange rates. Same-store sales increased 9%, with a 10% rise in the United States.

  • IBM: iPad and other mobile devices to help drive strong online spending in November

    Armonk, N.Y. -- Online holiday shopping in November is expected to grow 12% to 15% versus the year-ago period, with mobile devices such as iPads and Android phones helping to drive spending, according to the IBM Coremetrics Benchmark analysis which gathers data directly from the websites of more than 500 leading U.S. retailers. The analysis also predicts that 15% of people in the United States who log onto a retailer’s website during November will do so through a mobile device.

  • Momentum is familiar theme for Mac Naughton

    It’s working. That was the message Walmart EVP merchandising Duncan Mac Naughton shared this week with those who attended several events in which Walmart’s head merchant offered his perspective on the back-to-basics operational and merchandising philosophy on which the company’s U.S. strategy is once again dependant.

  • Big Lots Q3 same-store sales up 1.7%

    Columbus, Ohio -- Big Lots reported that U.S. comparable-store sales for the fiscal third quarter ended Oct. 29 rose 1.7%. Total sales for the period rose 6% to $1.1 billion, from $1.04 billion.

  • SunEdison and Staples reach solar energy milestone

    Belmont, Calif. -- SunEdison, a leading worldwide solar energy services provider and Staples announced a production milestone of more than 30 million kilowatt-hours of energy produced through solar installations on Staples' properties.

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