Retail Industry Archive

October 2008

Retail Roundup: Site Analyzes Wal-Mart's Political Past, Rite Aid in Hot Water, and More

By Danielle Novy | Oct 10, 2008

New Web site analyzes Wal-Mart’s political influence — Although Wal-Mart founder Sam Walton believed his company should not be involved in politics, Wal-Mart Watch unveiled a new Web site, waltoninfluence.com, on Oct. 10 to chronicle the history of the retail chain’s political weight. After Walton’s death, the chain’s lobbying expenditures for outside firms...

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Circuit City Confronted By New Credit and Vendor Problems

By David Phillips | Oct 10, 2008

Less than two weeks after reporting a $239.2 million second-quarter 2009 loss, the Washington Post is reporting that Circuit City, the consumer electronics giant, lost a recommendation from Bernard Sands, a consulting firm that sells credit and performance data to manufacturers on their retailing customers. The withdrawal by Sands signaled concerns that Circuit City may have trouble paying its...

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Tell Me Something Good

By Lisa Everitt | Oct 10, 2008

A new feature from your BNET.com Retail Team debuts this morning, because I just can’t take any more bad news (Old Navy comps down 24 percent in September! Sweet Mother of God!): Send me success stories. Send me big ideas to make it through the next couple of months. I have a couple I’ll post later today, from Multichannel Merchant magazine and retail consultant Robert Gordman. People...

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Retail Roundup: Costco Enjoys Supersized Revenue, Cold Weather to Heat Up Sales, and More

By Danielle Novy | Oct 9, 2008

Costco same-store U.S. sales rise 9 percent during quarter – While many retailers are fighting to keep their heads above water, Costco Wholesale’s latest figures prove a tight economy means relatively smooth sailing for the Issaquah-based company. Costco’s fourth-quarter profit rose 6.8 percent to $397.8 million, and revenue increased 12.8 percent to $23.1 billion....

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September Sales: Ugly As Sin

By Lisa Everitt | Oct 8, 2008

The News: Everybody figured September retail sales would be awful, and everybody was right. JC Penney CEO Myron Ullman says shoppers are saving for the holidays. Ever the optimist, Mike. The Winners: Discounters who sell food. B.J.’s Wholesale Club’s September same-store sales, net of fuel, rose 5.6 percent, but the store noted that general merchandise categories such as televisions and...

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American Eagle’s Facebook Fans Reveal the One Thing They Hate About You

By Lisa Everitt | Oct 8, 2008

A textual analysis of American Eagle Outfitters’ Facebook fan page  reveals information that brand managers would kill for: what irritates the teen apparel store’s most loyal customers. More than 106,000 Facebook users have signed on as “fans” of American Eagle, and the retailer takes advantage by posting links to its site, photos of clothes, sale announcements, and places for people...

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Retail Roundup: CEOs Predict 'Worst Yet to Come,' Shoppers Turn to Web, and More

By Danielle Novy | Oct 8, 2008

Internet retailers discuss dreary business outlook at conference– When a group of CEOs representing some of the Web’s largest retailers gathered recently at the NetLeaders Forum in Denver, they agreed sagging sales will continue as the “worst is yet to come.” Liberty Media Senior VP Michael Zeisser said there has never been a more urgent time to focus sharply on the...

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Retail Roundup: Tyco Acquires Vue, Shops Experiment with Sales, and More

By Danielle Novy | Oct 7, 2008

Tyco buys Vue – Tyco International announced the $43 million acquisition of Vue Technology, a provider of radio-frequency identification technology, on Oct. 7. The purchase will help Tyco, which outfits retailers with security services, improve the technology portfolio offered through its Sensormatic business. Vue Technology allows retailers to track individual items through the supply...

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Field Report from the Mall: Uh-Oh (Unless You’re Apple)

By Lisa Everitt | Oct 7, 2008

You could have rolled a bowling ball down the wide corridors of FlatIron Crossing Mall in Broomfield, Colo., Monday night — and not hit a soul. It was dismal, with one exception: the Apple Store. While most of the shop space was a bleak recurring story, the Apple Store was heaving, with lots of people hanging around the Genius Bar at the back of the store and others playing with iPhones...

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Urban Outfitters Cashes in on Customer Experience

By Lisa Everitt | Oct 6, 2008

Despondent about market news and what it’s doing to the consumer mood right before the holidays? Take a look at WWD’s roundup of a retailer panel at last week’s RBC Capital Markets Consumer Conference. Urban Outfitters and their sister brands, Anthropologie and Free People, are optimistic. Really. American Eagle, Tween Brands and Casual Male a little less so. Philadelphia-based Urban saw...

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BNET Retail provides daily industry trends and news coverage with insights for managers and executives about the key players in the consumer retail industry. In addition to detailed retail company profiles, we bring you industry analysis on new retailers, products, mergers and acquisitions, consumer spending figures, and a host of other important issues pertinent to the retail sector.