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Data & Analytics

  • Industry challenges take toll on Borders' Q3

    ANN ARBOR, Mich. - Borders Group reported that sales for the third quarter were $470.9 million, which is a decrease of 17.6% from the same period a year ago. On a comparable-store sales basis, sales declined 12.6%, driven primarily by the adult trade category, according to the company. Sales were also negatively impacted by Borders.com, which saw a third quarter decrease of 8.6% over the prior year to $12.5 million.

  • Smith assumes CFO post at Supervalu

    MINNEAPOLIS - Supervalu named Sherry Smith EVP and CFO. Smith had been the company’s interim CFO. She immediately assumes her new role and will directly report to Craig Herkert, CEO and president.

  • Survey finds Macy's tops in international recognition

    NEW YORK - Macy's announced that it was found to be the number one department store retailer in the United States, according to a survey of international visitors by Mandala Research.

  • Duckwall-Alco loss widens in Q3

    Abilene, Kan. -- Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.

    The small-town retailer also reported that revenue dropped 0.6% to $110.5 million. Same-store sales decreased 2.3%, which was an improvement over the second-quarter same-store sales drop of 7.2%.

  • Survey: Increased focus on real estate for retailers in 2011

    Chicago -- Jones Lang LaSalle, in a survey released Thursday, found that protecting and building the brand and driving responsible growth are the chief priorities of major retailers for 2011.

    The survey, conducted by Jones Lang LaSalle at its recent Retail Executive Forum event, also revealed that the retail industry is placing increasing importance on the value of real estate as a key component of its business and brand strategies for next year.

  • Neiman Marcus Q1 profit triples

    Dallas -- Neiman Marcus Group reported Thursday that profit for the quarter ended Oct. 30 tripled to $25.7 million, compared with $8.5 million in the year-ago period. The retailer cited more full-price selling, higher customer traffic and lower costs for the strong performance.

    The operator of its namesake and Bergdorf Goodman stores saw sales rise 6.7% to $927 million. Same-store sales increased 6.4% following a 14% plunge a year ago.

  • Genesco reports payment card criminal intrusion

    Nashville, Tenn. -- Genesco reported on Friday a criminal intrusion into the portion of its computer network that processes payment card transactions for its U.S. Journeys stores, Journeys Kidz, Shi by Journeys and Johnston & Murphy stores, and for some of its Underground Station stores.

    The retailer announced that it took immediate steps to secure the affected part of its network and said it believes the intrusion has been contained.

  • Kronos Retail Labor Index shows dramatic increase in last-minute holiday hiring

    Chelmsford, Mass. -- Kronos announced the December release of the Kronos Retail Labor Index, analyzing the relationship between the demand and supply sides of the labor market within the U.S. retail sector.

    The December report, which includes data for November 2010, showed that the Index increased significantly to 3.8%, a 28% increase over last month’s figure of 3.0%.  (A level of 3.0% means that for every 100 applications received, three hirings occurred.)

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