News

MENOMONEE FALLS, Wis. PLANO, Texas and CINCINNATI – While Kohl’s and Macy’s posted September sales growth, JCPenney had to scale its outlook back after a weaker than expected month.

Kohl’s reported that sales for September increased 5.8% and comparable-store sales increased 4.1% over the same period last year. 

LOUISVILLE, Ky. — Humana will offer Medicare Part D beneficiaries a prescription drug plan co-branded with Wal-Mart Stores, the two companies said earlier this week.

The plan, originally launched in 2010, will be launched again for 2012 and will include savings on monthly plan premiums, prescription drug copayments and cost-shares for beneficiaries.

WASHINGTON — A report released Thursday by the National Retail Federation predicted an average holiday shopping season. According to the NRF forecast, holiday retail sales for 2011 are expected to increase 2.8% to $465.6 billion. While that growth is far lower than the 5.2% increase retailers experienced last year, it is slightly higher than the 10-year average holiday sales increase of 2.6%, according to NRF.

MINNEAPOLIS — Target is the latest in a line of retailers to put out a list of what it thinks will be the top toys of the holiday season. Many of Target's hottest toys, including FIJIT friends and the LeapFrog branded LeapPad, are also on toy lists for Toys"R"Us, Kmart and Walmart. 

Walmart continues to be the undisputed champ when it comes to the lowest prices, but recent “studies” indicate a range of opinions as to whether the champ is retaining the title in split decision bouts that go the distance as opposed to first round knock outs.

The variation in opinion depends on who you ask and where you look. The pricing gap between Target and Walmart narrowed last month to a scant 1.7% as Walmart took prices up slightly during August while Target did the opposite, according to a monthly survey by the retail research team at Credit Suisse.

MINNEAPOLIS — Target announced that it is partnering with designers Albertus Swanepoel and Dana Kellin to introduce two affordable, limited-edition accessories collections beginning this fall.

In addition to all the various strategies Walmart has in place to restore same-store sales growth to its U.S. division. A major factor in its favor is that the size of the pie is expected to growth this year.

The National Retail Federation is out with its annual forecast, and according to the trade group, holiday sales are expected to increase 2.8% to $465.6 billion. While that growth is less than the 5.2% increase retailers experienced last year, it is slightly higher than the 10-year average holiday sales increase of 2.6%, according to NRF.

A couple of promotional pieces from Walmart hit the marketplace in recent weeks underscoring that Walmart may be nearing the completion of its Project Impact course correction strategy.

The week of Sept. 18 a four-page insert dropped announcing that “fabrics are back” and that new and expanded product assortment are available in 2,000 stores. This past weekend another promotion piece hit the market focused on the hunting category with a similar message around new and expanded assortments.

Costco is increasing the price of its membership fees, giving Sam’s Club the green light to follow suit, although such a move seems unlikely at this time. Why? Because Sam’s Club is enjoying favorable sales momentum and upgrade activity that might be jeopardized if members were asked to pay more.

Americans spent lots of money on apparel in September, and that could be good news for Walmart where last we heard from stores division president and CEO Bill Simon apparel was a key areas where he was confident the retailer would see ongoing improvement during the back half of the year.