Archive for the ‘Walgreens’ category

Weekly Retail News Recap July 30, 2010

July 30, 2010

WEEKLY RETAIL RECAP

  • Golfsmith profit dips in Q2
    Golfsmith International Holdings said Thursday that net income for the quarter ended July 3 dropped to $6.2 million, from $6.8 million a year earlier.
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  • Best Buy forms partnership to offer broadband service
    Best Buy Co. announced Thursday that its subsidiary Best Buy Connect and wireless service provider Clearwire Corp., based in Kirkland, Wash., have forged a wholesale relationship that will allow Best Buy to use Clearwire’s 4G network to offer mobile Internet service to customers under the Best Buy Connect service.
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  • Guess to open Manhattan flagship
    Guess will open its largest U.S. store to date, a two-level, 13,000-sq.-ft. flagship on Fifth Avenue in Manhattan, in December, according to Women’s Wear Daily.
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  • Brookstone loss widens in Q2
    Brookstone reported Tuesday that it recorded a loss of $12.5 million in the quarter ended July 3, compared to a loss of $10.5 million in the year earlier period.
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  • Supervalu profits plummet 40% in Q1
    Supervalu, operator of Albertsons, Jewel-Osco, Shaw’s, Save-A-Lot and Cub Foods, reported Tuesday that its first-quarter net income dropped 40%, earning $67 million in the quarter ended June 19, compared with $113 million in the year-ago period.
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  • Target takes Manhattan
    Target officially opened its first-ever store in Manhattan, a 174,000-sq.-ft. outlet at East River Plaza in East Harlem.
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  • Amazon.com Q2 profit up 45%
    Amazon.com reported that net income increased 45% to $207 million in the second quarter, compared with net income of $142 million in the year-ago period.
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Weekly Retail Recap July 23rd, 2010

July 23, 2010

WEEKLY RETAIL RECAP

  • Menard wins Wisconsin Supreme Court appeal
    The Wisconsin State Supreme Court has sided with home-improvement retailer John Menard, who sought to overturn an arbitration decision in a wrongful termination case against his former general counsel.
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  • NPD: More digital games purchased in stores than online
    According to the PC Games Digital Downloads: Analyst Report, from The NPD Group, in 2009, 21.3 million PC Game full-game digital downloads were purchased online in the United States compared with 23.5 million physical units purchased at retail during the same period.
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  • Roundy’s to expand in Chicago
    Grocery retailer Roundy’s said it has plans to open between 12 and 18 stores in the Chicago area over the next five years under the Mariano’s Fresh Market banner, according to a report by Supermarket News.
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  • Sprouts offers high-efficiency HVAC, refrigeration solutions
    A new Sprouts Farmers Market that opened late June in Culver City, Calif., is projected to use 50% less refrigerant than the industry average, thanks to high-performance heating, ventilation, air conditioning and refrigeration solutions that meet the company’s sustainability objectives.
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2010 Store Openings: Complete List of U.S. Retail Industry Future Expansion

January 15, 2010

Anticipating Economic Recovery U.S. Retailers Plan Beyond the Recession

By , About.com Guide

Judging from the store opening plans announced for 2010, there are many members of the U.S. retail industry who believe that economic recovery is a foregone conclusion and retail expansion will be resuming in the near future. Retailers are looking forward to life beyond the recession.

What follows is a complete and ongoing list of the store openings announced for 2010. The numbers in the left column indicate the total number of U.S. stores each retailer anticipates opening sometime in the 2010 calendar year. Information for this 2010 Store Openings list is obtained from credible published sources available to the general public. Numbers will be updated and additions to the list will be made as new store opening information is made public.

This list was last updated 12/14/09. The most recent additions are indicated by bold lettering.

2010 U.S. Retail Industry Store Openings Planned:

1000  McDonald's (global) 
900  Go Green Station 
600  Dollar General
450  Zara 
350  Walgreens 
300  Burger King
200  Muscle Maker Grill 
150   Advance Auto Parts 
130   Chipotle 
128  Target

110  Sonic 
105  Panera 
100   Edible Arrangements 
100  rue21 
98    Five Below 
75    Pizza Fusion 
75    Sephora
55    Darden Restaurants 
50    Boost Mobile 
50    Kohl's
45    Lowe's 
40    Jos. A. Banks Clothiers 
40    Pep Boys 
40    Qdoba
35    Pizza Hut
35    Rent-a-Center 
29    Max Muscle
27    Jamba Juice 
25    Aldi 
25    New Home 
25    Safeway 
24    Dicks Sporting Goods 
22    Best Buy
22    hhgregg 
20    Anthropologie 
20    Apple 
20    Free People 
20    Urban Outfitters 
18    Smashburger 
16    Casey's General Store
16    WalMart
16    Whole Foods 
15    Bruegger's 
15    Nordstom Rack 
15    Red Robin Gourmet Burgers 
15    Sam's Club 
15    Sprouts 
15    Stevi B's 
14    Costco
13    Maurice's
12    99c Only 
12    Fresh & Easy 
12   Target
11    Charlotte Russe 
8      Duckwall-ALCO 
7      Cracker Barrel 
6      Chuck E. Cheese 
6      Forever 21 
6      The Dump 
5      Little Caesar's 
4      JC Penney
3      Buffalo Wild Wings 
3      HomeGamers 
3      Jack in the Box 
3      Macy's
3      Manhattan Bagel 
3      Meijer 
3      Nordstom 
3      Ruby Tuesday 
3      WinCo 
2      Bloomingdale's 
2      Michael Kors 
2      The Greene Turtle


Walgreens Reducing Store Openings

December 23, 2008

By Debra Hazel, GlobeSt.com

walgreens DEERFIELD, IL-Despite record sales and record store openings, Walgreens is reducing its new store openings by fiscal 2011, executives said at the company’s first quarter conference call.

Previously, the company had announced plans to reduce its planned store growth from 8% long term to 5% by fiscal 2001. That now has been reduced further to a projected 2.5% to 3% by 2011.

“The biggest reason for the change is that the economy continues to shift and change,” said Wade D. Miquelon, chief financial officer. “We may so more consolidation, so this gives us more flexibility. This is the single biggest value creation lever we can pull.”

The company will expand between 4% and 4.5% in 2010. In the last quarter, the company had opened 212 new units.

“We will continue to open new stores on the best corners and in the markets with the best returns,” said Gregory D. Wasson, president and chief operating officer. “We’re going to continue to invest, and find markets that make sense strategically.”

The move will save an additional $500 million in capital expenditures, some of which will be allocated to refreshing existing stores, including creating new merchandise presentations.

What will continue to expand is its Take Care Clinics and worksite health centers, which now total 661, and will have 800 locations by year-end.

Sales for the quarter rose 6.6% from the previous year to a record $14.9 billion, with comparable stores rising 1.7% in the quarter. Perhaps not surprisingly in the current economy, prescription sales rose 6.2%. Net earnings were $408 million, down 10.4% from last year.

Walgreens operates 7,035 locations (which includes 6,500 drug stores) in 49 states, the District of Columbia and Puerto Rico.