Data & Analytics

New York -- Jewelry sales are expected to grow more than 11% in the second quarter and 9% overall this year, according to a new IBM Big Data-based forecast.

According to the analysis, improved consumer confidence, lower unemployment and enhanced stock dividends from fourth quarter 2012 have combined to leave people ready to start spending on luxury items again, like jewelry.

Schnucks Markets unveiled a smaller format with the opening of its store in Ballwin, Mo. Comprised of a 40,000-sq.-ft. ground floor and a 5,000-sq.-ft. mezzanine, the supermarket combines the inviting ambience of a neighborhood market and easy-to-navigate layout with an updated array of amenities. The space is designed to promote shopper interaction and to spotlight fresh and prepared foods.

Seattle -- Starbucks Coffee Company announced that it has appointed Matthew Ryan as global chief strategy officer. Ryan was previously SVP of global brand, franchise and customer relationship management for The Walt Disney Company.

Whether you are a retail analyst or a casual observer, it can be all too easy to get lost in the negativity of recent store closings and retail bankruptcies.

San Francisco -- More than half of Americans shop and spend money to improve their moods, according to a new survey.

The study, by Ebates.com, found that 63.9% of women engage in “retail therapy,” compared with 39.8% of men, and the belief that it improves moods was found among 39.2% of women, compared with 20.6% of men. The survey was conducted online by TNS Global and included 1,000 adults.

Boston -- Walmart Canada and Target Canada are very competitively positioned from a basket price perspective, according to a recent report by Kantar Retail.  

Based on the study’s results, Kantar Retail believes that Target’s “Pay Less” consumables prices will stack up well against its Canadian competition and that the retailer will prove to be a formidable challenge to Walmart Canada’s price position in the market.  

Deerfield, Ill. -- Walgreens reported Wednesday that sales for the month of March increased 2.3% to $6.2 billion.

Total front-end sales increased 5.4% compared with the same month in fiscal 2012, while same-store front-end sales increased 4.2%. Front-end sales will have benefited from a March 31 Easter — last year Easter sales fell in April. As a result Walgreens said it will report combined comps for March and April with its April sales results.
 

Oklahoma City -- CVS Caremark Corp. will pay $11 million to settle federal claims that the company’s pharmacies in the state violated record-keeping requirements of the Controlled Substances Act.

Federal prosecutor Sanford Coats said Wednesday that CVS has agreed to the settlement to resolve all allegations. However, while CVS said that its stores must comply with the record-keeping requirements, it does not admit liability.