News

GRAND RAPIDS, Mich. — Meijer is taking up the latest retail trend to offer home delivery of fresh-cut Christmas trees.

The company began shipping fresh-cut Fraser fir Christmas trees on Thanksgiving Day, and sales have exceeded expectations within the first few days, announced Liwanag Ojala, VP e-commerce for the Grand Rapids, Mich. -based retailer.

MINNEAPOLIS — Target may have a chance to bounce back from its anemic 1.8% November comps increase during a period that included strong Black Friday performances for most retailers, with its "Almost Last Minute Sale," a new savings event that will offer discounts on items from the most popular gift categories including home, apparel and accessories, toys, and electronics. The three-day sale will take place Dec. 8 through Dec. 10 in stores and at Target.com.

BRENTWOOD, Tenn. — Tractor Supply Company announced Monday that Alexander Stanton has been appointed as SVP supply chain and Christine Skold has been appointed as VP investor relations, strategy and tractor value system. 

Cherry Hill, N.J. -- Middle market CFOs, buoyed by increasing optimism fueled by sales growth, are prepared to increase capital expenditures by dipping into their stockpile of cash reserves, according to a survey by TD Bank. The top three areas of expected capital deployment include technology (40%), improvements to existing facilities (17%), construction of new facilities (12%),

BENTONVILLE, Ark. — Sam's Club announced that it is teaming up with The Salvation Army and Off the Field professional football players' wives association for the fifth annual Dream Drive for the Salvation Army. Twenty pre-selected families from the Salvation Army Adopt-A-Family program in 10 different cities will receive $1,000 worth of gifts, including food, clothes, personal items and toys from Sam's Club. As part of the Dream Drive campaign, Off the Field representatives will be shopping at their local Sam's Clubs on Dec. 8 to purchase items for these families.

CONSHOHOCKEN, Pa. — Ikea announced that it plans to install solar energy panels on ten additional United States locations. Pending governmental permits, installation can begin this winter, with completion expected in summer 2012, the company said. Collectively, the nine stores and one distribution center will total 10.7 Megawatts (MW) of solar generating capacity, nearly 45,360 panels, and a projected annual electricity output of 15,248,334 kilowatt hours (kWh).

By Selena Linde and Michael Sharkey

Delinquency rates in Target’s credit card portfolio are still really good, but after several years of steady improvement, a slight deterioration has become evident the past few months.

In November, 3.3% of accounts were three or more payments past due, the same rate as the prior month but slightly higher than the low of 3% seen during September, August and July. Likewise, accounts with four or more payments past due stood at 2.2% in November, the same as in October, but higher than the 2.1% seen the prior four months.