Walmart shares were up more than 5 percent in early trading following the release of fiscal 2013 first quarter earnings. The retailer beat Wall Street revenue projections of $110.5 billion by posting an 8.6 percent year-over-year gain to hit $112.27 billion. Profits were up 10 percent over fiscal 2012 first quarter at $3.74 billion.
View Post retail, WalmartWalmart today announced the launch of its “Pay with Cash” program for online orders at Walmart.com in the United States. This allows customers to shop at Walmart.com and pay for purchased items with cash at all U.S. Walmart and Neighborhood Markets. Walmart is the first major retailer to offer online purchases without the need for [...]
View Post retail, WalmartA new mattress company filled a long vacant store in Fayetteville. Mattress Firm opened a store at 744 E. Joyce Blvd., site of the former Circuit City. The 20,716-square-foot building has been empty since Circuit City closed it almost three years ago. It was one of 155 stores closed at that time for “under performing.” [...]
View Post retailAn earlier Easter holiday and warm weather through much of the country in March, retailers experienced solid sales growth. According to the National Retail Federation, March retail industry sales (excluding automobiles, gas stations and restaurants) increased 0.8 percent seasonally adjusted from February and 6.6 percent unadjusted year-over-year. March retail sales, released today by the U.S. [...]
View Post retailWalmart today announced that 10 finalists have been selected after the first round of public voting for its Get on the Shelf contest. More than 4,000 inventors, entrepreneurs and small businesses from across the country submitted products into the contest and more than one million votes were cast in a tight race where the American [...]
View Post retail, WalmartEaster helped retailers end March on a high note as consumer shopped for holiday items. Weekly sales rose by 3.8 percent for the week ending March 31, according to the International Council of Shopping Centers and Goldman Sachs’ Weekly Chain Store Sales Index. The pace of retail sales on a year-over-year basis also finished on [...]
View Post retailBy Ron Wood The grand opening for Dollar General’s new store in West Fork is set for this weekend, April 7 and 8. The store, at 36 N. Centennial Ave., is considerably larger than the old store, which was located several doors to the north. The new store will employ six to 10 people. The [...]
View Post retailRetailers enjoyed their third consecutive week of positive sales results as warm weather heated up consumers desire to spend on spring merchandise. For the week ending March 17, weekly retail sales rose by 0.9 percent, according to International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index. On a year-over-year basis, the [...]
View Post retailWalmart named Hormel Foods Corp. Supplier of the Year for 2011, according to MeatPoultry.com. The award was presented at the Supplier Summit in Orlando, Fla., in recognition of Hormel Foods’ track record of innovation and consistent growth. This is the first year the company has received the overall Walmart Supplier of the Year award. “We [...]
View Post retail, WalmartRetailers enjoyed a second consecutive week of sales increases for the month following a bout of spring weather that drove customers to look for seasonal apparel. For the week ending March 10, weekly retail sales rose by 0.7 percent, according to International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index. On [...]
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