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  • With flat June sales, Fred's expects Q2 to be at low end of projected range

    MEMPHIS, Tenn. — Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

    Comparable-store sales for the month dropped 0.7%, compared with an increase of 1.7% in the same period last year.

  • Club channel comps not as solid as they seem

    ISSAQUAH, Wash. and WESTBOROUGH, Mass. — Costco and BJ’s reported some impressive same-store sales for June, but peel the onion back a bit and the numbers are not quite as stellar as they seem. Sam’s Club does not report monthly sales.

  • Dept. stores deliver solid June sales

    NEW YORK – Department-store retailers turned out solid sales results in June, despite concerns about consumers cutting back on spending.

    Macy’s Inc. reported that its total sales for the fiscal month of June increased 7.5% to $2.392 billion from $2.226 billion last year. The retailer reported a same-store sales increase of 6.7% for the month. 

  • Same story, different month from Target

    The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations, came on top of a prior year increase of 1.7% and was driven primarily by an increase in average transaction size with a more modest benefit associated with increased traffic.

  • Macy’s, Kohl’s outperform J.C. Penney in June

    New York City -- With same-store sales increases of 6.7% and 7.5% respectively, Macy’s and Kohl’s outperformed rival J.C. Penney in June, as J.C. Penney came up short of Wall Street estimates with a slight 2% gain.

    Macy’s saw total sales rise 7.5% in June to $2.4 billion.

    “Sales growth in June exceeded our expectations,” said Terry J. Lundgren, chairman, president and CEO. “Once again, the growth came from across the company -- Macy’s and Bloomingdale’s stores and online sites.”

  • Blockbuster offers families a summer pass

    MCKINNEY, Texas — Blockbuster L.L.C. announced that customers can now get unlimited kids and family movies on either DVD or Blu-ray for $4.99 a month (one movie out at a time) with the new Kids Summer Pass. A two-movie and three-movie pass are also available for  $9.98 and $14.97, respectively.  

  • New pet project launches at A&P

    MONTVALE, N.J. — A&P has launched a new program offering exclusive discounts to pet owners across New York, New Jersey, Pennsylvania, Delaware and Connecticut. The program is a collaboration with the American Society for the Prevention of Cruelty to Animals. 

  • Mid-Year Update: Top 10 Most Popular Stories

    New York City -- What topics interested retailers most in the first half of 2011? The most popular stories with chainstoreage.com readers from January through June ran the gamut, from the top 10 retail markets for 2011 to Dollar General’s ambitious expansion. Take a look at our top 10 most popular stories: 
     
    1. Top 10 retail markets for 2011

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