Correspondent, Consumer Products & Retail
Jessica's Feed
Oct 4, 2013
Oct 4, 2013
Oct 3, 2013
Oct 3, 2013

Sam’s Club CEO says seeing some sales weakness from U.S.furlough

, Oct 3 (Reuters) – Sam’s Club, the
warehouse club chain owned by Wal-Mart Stores Inc, is
seeing some softness in sales due to the furlough of federal
government employees, though sales in stores near military bases
could rise if military commissaries remain closed, Chief
Executive Rosalind Brewer said on Thursday.

Even before the U.S. government shutdown began on Tuesday,
some Sam’s Club locations saw a slowdown during the weekend, as
people in the military and civilians in government offices
prepared for the possibility of a U.S. shutdown, Brewer said.

Oct 3, 2013

Retail group expects slightly brighter holiday season sales

By Jessica Wohl

(Reuters) – U.S. retail sales should rise 3.9 percent this holiday season, outpacing last year’s gains, though economic concerns may impact shoppers’ spending, the world’s largest retail trade association said on Thursday.

The National Retail Federation expects U.S. sales in November and December to rise 3.9 percent to $602.1 billion. That would surpass the 3.5 percent increase seen in 2012 and average growth of 3.3 percent over the past decade, but fall short of gains of more than 5 percent seen in both 2011 and 2010.

Oct 3, 2013

U.S. retail group expects slightly brighter holiday season sales

Oct 3 (Reuters) – U.S. retail sales should rise 3.9 percent
this holiday season, outpacing last year’s gains, though
economic concerns may impact shoppers’ spending, the world’s
largest retail trade association said on Thursday.

The National Retail Federation expects U.S. sales in
November and December to rise 3.9 percent to $602.1 billion.
That would surpass the 3.5 percent increase seen in 2012 and
average growth of 3.3 percent over the past decade, but fall
short of gains of more than 5 percent seen in both 2011 and
2010.

Oct 2, 2013
Oct 1, 2013

Walgreen profit jumps; September sales strong

By Jessica Wohl

(Reuters) – Walgreen Co (WAG.N: Quote, Profile, Research, Stock Buzz) reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September.

Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.

Sep 27, 2013
Sep 27, 2013