Daily Financial Performance News
Zumiez Abandons Pursuit of West 49
7/14/2010
- Zumiez Inc. said it was ending its takeover pursuit of West 49 Inc., leaving the path open for Billabong International Ltd. to continue its deal to buy the Canadian action-sports retailer. Zumiez said it couldn`t agree to the terms of the due diligence with West 49.
SportsOneSource LLC
U.S. retail sales fall 0.5% in June
7/14/2010
- Sales at U.S. retailers declined 0.5% in June to a seasonally adjusted $360.2 billion, the Commerce Department estimated Wednesday, further evidence that the economy has slowed. Sales fell for the second straight month after seven consecutive increases. Sales fell an upwardly revised 1.1% in May.
MarketWatch
Zumiez not to pursue West 49 deal; Billabong wins
7/14/2010
- U.S. teen apparel retailer Zumiez Inc said it is no longer interested in buying Canada`s West 49 Inc due to disagreements on the terms of the due diligence process, handing a victory to rival bidder, Australia`s Billabong International Ltd.
Reuters
Retailers` weekly sales rise 3.2%
7/13/2010
- Chain-store sales for the week ended July 10 rose 3.2% from the year-earlier period, according to a survey released Tuesday by the International Council of Shopping Centers and Goldman Sachs. On a week-over-week basis, sales fell 1.5% after two weekly gains.
MarketWatch
Casey`s General Dismisses Couche-Tard Bid Extension
7/13/2010
- Casey`s General has ridiculed Couche-Tard`s announcement that it is extending its tender offer for the chain, saying the response so far highlighted the unpopularity of the hostile bid.
Kamcity.com
Borders to sell stationery maker for $31 million
7/13/2010
- Borders Group Inc said on Tuesday that it had agreed to sell a British-based retailer of stationery, cards and gifts to Primary Capital Ltd for about $31 million.
Reuters
Couche-Tard profit jumps on margins, sales
7/13/2010
- Alimentation Couche-Tard Inc, a convenience store operator seeking to buy Casey`s General Stores Inc, said on Tuesday quarterly earnings rose 81 percent on higher gasoline margins and strong sales growth.
Reuters
Levi Strauss sales up but debt refinancing hurts
7/13/2010
- Levi Strauss & Co reported an increase in sales as its namesake brand won back shoppers looking for more affordable jeans, but results were dampened by the costs of refinancing debt. Revenue was up 8 percent in the Americas region, which includes in the United States, also up 8 percent in Asia, and was up 9 percent in Europe.
Reuters
Daily General Industry News
U.S. retail sales fall 0.5% in June
7/14/2010
- Sales at U.S. retailers declined 0.5% in June to a seasonally adjusted $360.2 billion, the Commerce Department estimated Wednesday, further evidence that the economy has slowed. Sales fell for the second straight month after seven consecutive increases. Sales fell an upwardly revised 1.1% in May.
MarketWatch
Retailers Seek an Edge With New Formats
7/14/2010
- The retail landscape is being remodeled as economic volatility compels stores to alter traditional formats. Large chains are breaking out the most profitable or promising segments of their businesses, such as accessories, sportswear and denim, into smaller stand-alone footprints. Other retailers are trying to appeal to a younger demographic with new labels and edgier store concepts.
WWD - subscription required
Retailers` weekly sales rise 3.2%
7/13/2010
- Chain-store sales for the week ended July 10 rose 3.2% from the year-earlier period, according to a survey released Tuesday by the International Council of Shopping Centers and Goldman Sachs. On a week-over-week basis, sales fell 1.5% after two weekly gains.
MarketWatch
Industry Places Bets on Back-to-School
7/8/2010
- The back-to-school blitz is around the corner, and the stakes are higher than ever. The season comes as there are growing fears among executives and analysts of “a double dip” recession. On top of that, weak consumer demand in May and June has created rising inventories and the potential of steeper markdowns in a reminder of the nightmare days of late 2008.
WWD - subscription required
June Sales Not So Hot; Comp-Store Up About 3%
7/8/2010
- It may be sweltering outside, but it looks like consumers cooled to retailers in June. While some chains used aggressive markdowns to win stronger sales results, others issued sales figures somewhat below forecast. Overall, comparable-store sales at leading chain stores gained 3.2%, reports Kantar Retail, up a bit from last month`s 2.7% gain.
Media Post - free registration
U.S. Chain-Store Sales +4%
7/7/2010
- The July 4th holiday weekend in the U.S. helped to boost retail sales at the chain stores this past week, according to comparable store data released by the International Council of Shopping Centers and Goldman Sachs. Same-store sales at chains rose 3.9 percent compared with one year ago.
Diamonds.Net
Hot Times at Retail: Soaring Temps Drive Consumers to Stores
7/7/2010
- Consumers throughout the Eastern U.S. sought relief from record-breaking temperatures Tuesday any way they could, including going shopping. Retailers said that the gain in traffic and sales will likely last as long as the heat wave, a much-needed boost as consumers` reluctance to spend increases along with unemployment and fears of a second recession.
WWD - subscription required
U.S. Retailers’ Sales Rise at Fastest Pace in 4 Years
7/7/2010
- U.S. retailers’ sales are growing at the fastest pace in four years, a sign consumers may be overcoming concern about unemployment and depressed home values.
BusinessWeek Online
Daily Logistics News
Irish logistics company Syncreon buys US group for $35m
12/30/2010
- SYNCREON, the Irish transport and logistics company formerly known as Walsh Western International, has bought US firm NAL Worldwide Holdings for an estimated $35 million (€24 million).
Irish Times
DemandTec Named to Food Logistics Top 100 List for Fourth Consecutive Year
12/29/2010
- DemandTec, Inc. (Nasdaq: DMAN), a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, was named to Food Logistics magazine's FL 100 for the fourth consecutive year. Food Logistics magazine's FL 100 list represents the top 100 technology solution providers to the food, beverage, and consumer packaged goods industry and includes companies that focus on the unique needs of companies in the food supply chain. The FL 100 list is compiled based on input from readers, industry analysts and consultants. Retailers and consumer products manufacturers use DemandTec's suite of on-demand software services and analytic insights to optimize assortment, pricing, promotion, markdown and other decisions that influence shopper behavior. Using DemandTec solutions to understand and shape demand and to collaborate via the DemandTec TradePoint Network(TM), DemandTec customers and their trading partners are better able to achieve their sales, volume and
PR Newswire
iDTGV implements JDA's Price Sensitive Revenue Management solutions
12/9/2010
- JDA Software Group has announced that French rail operator iDTGV is implementing JDA's Price Sensitive Revenue Management solutions to improve its competitive pricing strategies, increase ticket sales and grow market share.
tradingmarkets.com
New Issue-JDA Software sells $275 mln in 5-year notes
12/7/2010
- JDA Software (JDAS.O) on Monday sold $275 million of senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
Reuters
Saddle Creek Corporation buys ServiceCraft Logistics
11/30/2010
- Saddle Creek Corporation, a Third-party logistics (3PL) service provider focusing on integrated warehousing, transportation, contract packaging and value-added services, said this week it has acquired Buena Vista, Calif.-based 3PL ServiceCraft Logistics.
Logistics Management
Daily Technology News
QuikTrip To Install Blockbuster Rental Kiosks
7/7/2010
- The QuikTrip convenience store chain has announced plans to install Blockbuster Express DVD-rental kiosks in nearly all of its 555 outlets. The company said the kiosks will be “a perfect addition to our service offerings and enable us to add entertainment to the list of items we offer to our customers and their families.”
Kamcity.com
Versatile Announces Deployment of Kiosks to Avalon Carpet
7/6/2010
- Versatile Systems Inc. announces that Avalon Carpet Tile & Flooring, Mohawks' Floorscapes 2009 National Dealer of the Year has extended its leadership in the retail flooring marketplace with the deployment of Versatile's Mobiquity Kiosk solution.
Yahoo!
Apple's iPad Wins Corporate Converts at Wells Fargo, SAP
7/6/2010
- Wells Fargo spent two years studying the iPhone before letting bankers use the device at work. Apple's iPad, released in April, took just weeks to get cleared.
BusinessWeek Online
NCR Deploying More Than 500 BLOCKBUSTER Express-branded Kiosks at QuikTrip Convenience Stores
7/6/2010
- From Atlanta to Phoenix, consumers will soon find the convenience and affordability of NCR Corporation’s BLOCKBUSTER Express-branded DVD kiosks in more retail locations than ever before.
Yahoo!
Frito-Lay IT project adding 125 jobs; $50M in infrastructure
7/2/2010
- Frito-Lay North America has received a $1.125 million grant from the Texas Enterprise Fund to launch a long-term project that will install business management software throughout the Plano-based company, creating 125 jobs in the process.
bizjournals.com
iPhone 4 signal fault leaves Apple 'stunned'
7/2/2010
- Apple says a fault on its new iPhone 4 is causing it to incorrectly display the phone's signal.
BBC News
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