Why Out-of-stocks, Data Mismatch, and Hidden Demand Still Catch Out Beauty Brands When beauty brands review retail performance, the picture often looks reassuring. Availability appears high. Sales reports feel complete. Forecasts are built on what was sold. But our conversations with brands working directly with Ulta and Sephora reveal a more complicated reality. One where... Read more »
RedPrairie and JDA Software announced a definitive merger agreement today. Many of our vendors use JDA plan o gram software for managing their store modulars so this is an interesting development. The “merger” sounds more like a RedPrairie acquisition of JDA based on the language in the PR. Home Depot in particular, but other large… Read more »
As a group our Home Depot vendors are up 9% YTD over the prior year comp for US stores, Canadian stores are up 96%. (the Canadian sample is smaller) Lowe’s stores are up 2% YTD over the prior year comp for US stores. Home Depot will be releasing Q3 2012 earnings results on November 13… Read more »
Retail sales rose in October which is encouraging, and optimism for a good holiday sales period appear to be growing. Some report highlights: Target same store sales rose 2.4% Macy’s same store sales increased 4.1% Kohl’s comps rose 3.3% – more than the expected 1.1% Nordstrom posted a rise of 9.9% in same store sales… Read more »
WASHINGTON — The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year’s 5.6% growth. However, the NRF’s 2012 estimate tops the 10-year holiday sales growth average of 3.5%. “This is the most optimistic forecast NRF has released since the recession. In spite… Read more »
The role of analytics in retail has evolved substantially over the past few years and it’s having a significant positive impact. The days of hearing a vendor say “Oh, we get an EDI 852 but we don’t really do anything with it” are starting to fade into the rear view mirror. This blog post will… Read more »
Lowe’s posted declines in net sales, comp-store sales and earnings in the second quarter ended August 3. “Our results fell short of our overall expectations,” said Robert Niblock, Lowe’s chairman, president and CEO. “However, I have confidence in our strategy and in our employees, and while we recognize the significant magnitude of change that we’ve… Read more »
The U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $403.9 billion, an increase of 0.8 percent (±0.5%) from the previous month and 4.1 percent (±0.7%) above July 2011. Total sales for the… Read more »
A fourth consecutive quarter of same store sales growth at Walmart’s U.S. business helped the company achieve a slightly better than expected profit performance. Second quarter earnings grew 8.3% to $1.18, one cent better than the consensus estimate of analysts and at the top of the company’s forecast range of $1.13 to $1.18. Total company… Read more »
Home Depot reported sales of $20.6 billion for the second quarter of 2012, a 1.7% increase from the second quarter of fiscal 2011. Comparable sales for U.S. stores were positive 2.6%, and overall same-store sales for the second quarter were positive 2.1%. Net earnings for the world’s largest home improvement retailer were $1.53 billion for… Read more »
Retail sales advanced 0.8% in July, the first gain in four months, according to a report released by the Commerce Department. Sales were fueled by strength from the automobile sector, electronics and appliance outlets, and department stores. The bigger than expected increase followed a 0.7% decline in June that was weaker than first reported. Bloomberg… Read more »
