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Data & Analytics

  • Survey: Lacking mobile presence may cause retailers to miss out on key opportunities

    ARLINGTON, Va. — More than one-quarter of U.S. retailers lack a mobile presence, according to new research conducted by 2ergo.

    Based on data collected from 161 retailers across six categories, 2ergo found that only 58% of retailers have not optimized a mobile website and just half of them are offering consumers one smartphone application for either Android, Blackberry or iPhone devices. Among them, 7% of these top retailers have launched applications for all three platforms, 2ergo noted.

  • Walmart says strategy working, reaffirms commitment to EDLP

    BENTONVILLE, Ark. — Despite the absence of top line growth at Walmart’s U.S. stores division, second quarter earnings grew 12.4% to $1.09 and came in a penny ahead of analysts’ estimates, which was enough for the company to narrow and increase the range of its full year profit forecast.

  • Saks narrows loss in Q2

    New York City -- Saks reported Tuesday that it has tightened its losses in the quarter ended July 30, posting a loss of $8.4 million compared with a loss of $32.2 million in the year earlier period.

    The luxury retailer cited increased full-price selling for the improvement, but warned Wall Street that it was heading into the fall selling season with caution because of the uncertain economic conditions.
     

  • Kroger makes solar panel debut at two Smith’s stores

    Albuquerque, N.M. -- Kroger Co. said Tuesday that its Smith's Food & Drug Stores division has completed the installation of photovoltaic energy panels at two Albuquerque, N.M. stores.

    The solar energy output from these two store systems is 320,000 kWh, eliminating the need for that amount of energy from fossil fuel sources. It is estimated this energy savings would heat and cool 30 homes in New Mexico for one year; is the equivalent of planting 57 acres of trees; or removing 40 cars from the road.

  • Solar energy systems make debut at Smith's stores

    ALBUQUERQUE, N.M. — Kroger announced that two of its Smith's stores in Albuquerque, N.M., have installed photovoltaic energy panels.

    The solar energy system on the roof of each Smith's store consists of 442 panels, each containing cells that convert sunlight into direct current electricity, Kroger said. Smith's was selected to be among the first Kroger division stores to install photovoltaic panels.

  • Dick’s maintains expansion amid cautious profit view

    PITTSBURGH — The combination of new store growth, a 2.5% same-store sales increase and expanding gross margins enabled Dick’s Sporting Good to produce earnings per share of 52 cents and exceed analysts’ estimates by two cents. However, a cautious outlook regarding the future caused the company’s third quarter profit forecast to be two cents less than analysts forecast, and same-store sales were projected to grow in the low single digits.

  • TJX comps up in Q2

    FRAMINGHAM, Mass. — TJX announced that net sales for the second quarter of fiscal 2012 increased 8% to $5.5 billion and consolidated comparable-store sales increased 4%. Net income for the second quarter was $348 million and diluted earnings per share were 90 cents, compared with 74 cents per share last year. 

  • TJ Maxx profit up 14% in Q2

    Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the second quarter rose 14% to $348 million, compared with $305 million in the year-ago period.

    The parent of TJ Maxx and other discount concepts saw revenue climb 8% in the quarter, to $5.47 billion, topping analysts' estimated $5.44 billion.
     

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