Dollar Tree has announced its acquisition of the Canadian based Dollar Giant Store, LTD. Paying $52 million in cash, Dollar Tree will assume 86 Dollar Giant stores that along with them include all assets, inventory, leasehold rights and intellectual property. This is the company’s first expansion of its operations outside of the United States…Read More
Up 17.4% from the third quarter of 2009, Lowe’s reported net earnings of $404 million in this year’s 3Q tally of 2010. Chairman and CEO, Robert A. Niblock, said that the company was prepared to continue its effective operations during the slow growth market. The N.C.-based Corporation is planning to open 17 new stores by the end of the fourth quarter…Read More
Staples posted $6.5 billion in company sales for the 3rd quarter 2010, a slight increase from the previous year. Ron Sargent, chairman and CEO, pointed out the company’s improvement on both the North American an International front due to its solid execution of long-term growth investment…Read More
Sears Holdings sales dropped for a second consecutive year finishing the third quarter at a net loss of $218 million. Bruce Johnson, interim chief executive officer and president, cited lower sales of apparel and appliances as the main reason for the company’s revenue slide…Read More
Dollar Tree posted a 14.2% total net sales increase for the third quarter. Compared to 2009, the company’s earnings per diluted share increased by 43%, with estimated 4th quarter sales ranging from $1.72 billion to $1.76 billion…Read More
Home Depot posted positive growth in both its comp store sales and net earnings in the 3Q. The report came out a day after Lowe’s posted a sales increase of 1.9%. The Atlanta based company expects sales to increase by 2.2% before the end of the fiscal year…Read More
Dick’s Sporting Goods saw a small drop of their net income from a year ago, ending the third quarter at $16.9 million. Sales however rose 9% posting final numbers at $1.08 billion, up from last years $990 million. With 12 new stores opening in the third quarter, chairman and CEO, Edward W. Stack recently stated that he remains extremely optimistic about the company’s ability to double their network and fuel future growth…Read More
Orchard Supply Hardware is rolling out a thrifty ad campaign by offering its customers products in dollar themed categories. The campaign titled, “By George, it’s Dollar Days”, is meant to appeal to its economically saving consumers by featuring items ranging from $1 to $15. Along with the dollar campaign rollout, the California based hardware store will be offering 20% to 75% discounts to its big-ticket items such as beach chairs and umbrellas…Read More
According to the New York Times, Walmart will be offering free shipping to its online customers. Beginning this week and ending Dec. 20, online shoppers can purchase items with no minimum restrictions on more than 60,000 products. The company will not raise prices to off set the costs involved with its product distribution…Read More
A survey recently conducted by Deloitte found both CPG and retail executives in agreement that market share of store brands will increase significantly by 2012 in the United States. The survey titled, “The Battle for Brands in a World of Private Labels”, had 77% of CPG executives and 90% of retail executives concurring the same sentiments…Read More