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‘Monday Clearance’: News We Didn’t Cover, March 30 - April 6
Below, some recent articles from the stock of news items that Retailer Daily just didn’t get to writing in the past week, but still might be worth your while to check out.
Domino's Accidentally Gives Away 11,000 Pizzas in Bailout Promotion
the Consumerist
FDA Warns Against Eating Pistachio Products
Convenience Store News
HireMeNow.com Joins with Office Depot to Provide Small...Continue Reading »
Verizon Evolves Store Design
Verizon Wireless plans widespread expansion of its Evolution Store design this year. The retailer intends to add 560 additional Evolution Store locations to its existing 270 during 2009.Introduced last year, Evolution stores offer customer service features such as automated greeter kiosks, a demo zone where customers can go through self-guided demonstrations with touchscreen work...Continue Reading »
Retailers See Green on St. Patrick’s Day
Despite indications US consumers will spend less on St. Patrick’s Day this year than in years past, the March 17 holiday still holds potential for special promotions and increased sales.According to a study by domestic products manufacturer American Greetings Corp., more than 46% of Americans will celebrate St. Patrick’s Day in 2009, spending approximately $3.6 billion. This figure...Continue Reading »
Linens ‘n Things Name to Endure, despite Liquidation
The brand name of bankrupt homegoods retailer Linens 'n Things may yet endure, as two investment groups have agreed to acquire the name and logos for about $1 million, reports Reuters.Hilco Consumer Capital and Gordon Brothers Brands apparently won the rights to Linens 'n Things intellectual property, including software, technology and marketing material.
The two were part of a group of...Continue Reading »
‘Wal-Mart’s Worst Nightmare’
British megaretailer Tesco is challenging Wal-Mart, the world's largest retailer, on its home turf, the US--though Wal-Mart is fighting back using Tesco's own tactics, writes BusinessWeek.Wal-Mart countered Tesco's Nov. 2007 launch of Fresh & Easy--a chain of 10,000 sq. ft. convenience stores in California, Nevada, and Arizona--with its own similar-format Marketside, in Arizona.
Still,...Continue Reading »
Target, Best Buy, Get in on the Mobile App Craze
Since the introduction of Apple's App Store this summer, mobile apps have become a hot item--and some retailers are capitalizing on their popularity to drive sales and increase customer satisfaction.Target, for example, launched the Target Gift Globe--built by AKQA--to help iPhone-toting shoppers pick gifts for friends and family, writes Internet Retailer.
After opening the app, they...Continue Reading »
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Wal-Mart to Sell iPhone—After Christmas
Wal-Mart plans to offer the iPhone 3G in select stores three days after Christmas, according to Boy Genius Report.
An internal document, sent to sales associates to prepare them for Dec. 28, confirmed the rumor.
About 2,500 Wal-Mart locations will carry the iPhone 3G, and 69 Wal-Mart subsidiary Sam's Club locations will offer the iPhone on the 28th. (Sam's Club kiosks in the larger stores...
Continue Reading »
American Express, Motorola Lay off Thousands
American Express will slash 10% of its worldwide work force (7,000 employees), and Motorola will cut 3,000, two-thirds of them from its mobile division, reports Fox Business News.American Express said the cut - along with a freeze in hiring and in management-level salary increases - will save $700 million in '09. The company will also try to reduce costs associated with its rewards...Continue Reading »
RadioShack Profits from Digital TV Conversion
The Feb. '09 shift to digital television is already beginning to affect consumer electronics retailers' sales figures: RadioShack posted a 7.7% same-store sales increase in the third quarter (ended Sept. 30) due partly to demand for digital converter boxes, Reuters reports.In addition to increased converter box sales, those of AT&T; post-paid wireless upgrade activations, GPS devices,...Continue Reading »
US Consumer Mobile Handset Sales Down 13%, Revenue Down 2%
Mobile phone handset sales to consumers in the US totaled 28 million units in the second quarter of 2008 - a 13% decline from 2Q07 - according to The NPD Group, which also estimates total Q2 consumer sales of nearly $2.4 billion, down 2% from Q2 last year.Among handset manufacturers, Motorola barely maintained its lead in the US market; however, the company's unit-sales share fell 6...Continue Reading »