Target posts decline in key sales metric for September but tops analyst estimatesOctober 8th, 2009 Target September sales metric beats estimatesMINNEAPOLIS — Target says a key sales measure dipped 1.7 percent in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street's forecast.
Retail sales comparisons for SeptemberOctober 8th, 2009 Retail sales comparisons for SeptemberHere are comparisons of how major stores in four key areas of retailing fared in September compared with a year earlier. The figures from participating companies show the change in sales at stores open at least year.
99 Only Stores sees sales comparison grow for second-quarterOctober 8th, 2009 99 Only Stores sales measurement grew for 2QCOMMERCE, Calif. — Discount retailer 99 Only Stores said Thursday that its sales at stores open at least a year grew 2.3 percent in its second quarter.
Target August sales results top Wall Street's expectations; store traffic evens outSeptember 3rd, 2009 Target's August sales top expectationsMINNEAPOLIS — Target Corp. reported sales results at established stores in August that surpassed Wall Street projections, as the discounter benefits from improved merchandise assortments and its emphasis on low prices.
Lowe's to form joint venture with Woolworths in Australia to open home-improvement storesAugust 25th, 2009 Lowe's forms Woolworths Australia joint ventureMOORESVILLE, N.C. — Lowe's Cos.
Glam L.A. landmark Hotel Bel-Air closing for makeoverAugust 10th, 2009 L.A. landmark Hotel Bel-Air closing for makeoverLOS ANGELES —The Hotel Bel-Air, which has served Hollywood stars since the 1940s, is closing for a glamorous makeover. Hotel spokeswoman Alisha Mahon says the Los Angeles landmark will close at the end of September for a two-year upgrade that includes building villas and spa facilities.
Associated Food Stores to buy 36 Albertsons stores in Utah from SupervaluJuly 28th, 2009 Grocery wholesaler to buy 36 Albertsons in UtahSALT LAKE CITY — Grocery wholesaler Associated Food Stores Inc. says it has agreed to buy 36 Albertsons stores in Utah from Minneapolis-based Supervalu Inc.
Same-store sales results for May, by sectorJune 4th, 2009 Same-store sales results for May, by sectorHere are May same-store sales results for chain retailers, by sector, expressed as a percentage increase or decrease over the same month last year. — Drug stores
Rite Aid Corp.
Bharti, Wal-Mart open first joint store in IndiaMay 30th, 2009 AMRITSAR - India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store here Saturday on an investment of $7 million, and are planning to open at least 15 stores in the next three years. The stores will be run under the brand name of Best Price Modern Wholesale.
Wal-Mart set to open its first Indian wholesale outletMay 21st, 2009 NEW DELHI - Wal-Mart, the world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said. The US-based giant has also decided to call its cash-and-carry venture BestPrice Modern Wholesale to offer retailers bargains that would eventually benefit end consumers, the officials added.
Jo-Ann Stores same-store sales rise 1 percent for first quarterMay 8th, 2009 Jo-Ann 1Q same-store sales rise 1 percentHUDSON, Ohio — Craft and fabric retailer Jo-Ann Stores Inc. said Thursday its same-store sales rose 1 percent in the first quarter.
Duckwall-Aclo same-store sales rise 6.1 percent in AprilMay 8th, 2009 Duckwall-Alco April same-store sales riseABILENE, Kan. — Discount-store operator Duckwall-ALCO Stores Inc.
Infiniti to open 20 Croma retail stores next fiscalMarch 13th, 2009 HYDERABAD - Infiniti Retail Ltd, a 100 percent subsidiary of Tata Sons, plans to open 20 Croma stores with an investment of Rs.600-800 million (Rs.60-80 crore) in 2009-10, a top official said Thursday. 'The opening of 20 Croma stores by March 2010 will take the total number of stores across the country to 50,' Infiniti Retail chief executive and managing director Ajit Joshi told reporters after opening two Croma stores here.
Bata ignores slowdown, to add 40 stores by March-endFebruary 17th, 2009 NEW DELHI - Even as the retail trade industry in India faces one of its worst crises in recent years, Bata India, one of the country's largest footwear chains, plans to open 40 new stores across the country by March 31. 'These new stores will be based on the international format of Bata stores and will have an average size of 3,000 square feet,' the company said in a statement, making it clear that the outlets will not be small.
Harvey Nichols to open stores in Nottingham, KuwaitJanuary 27th, 2009 LONDON - UK-based luxury fashion retailer Harvey Nichols plans to expand its business and open new stores in Nottingham and Kuwait. 'There is almost no one with wealth who has not been affected by the economic situation.
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