Showing Tag: "us retail" (Show all posts)

US Retail sales show positive move in January

Posted by Turgut Ziyal on Monday, February 15, 2010, In : retail 
Totaling $355.8 billion, retail sales in January increased 0.5 percent from the previous month and 4.7 percent from January 2009, according to the U.S. Department of Commerce (DoC).

Sales for the month at general merchandise stores rose 1.5 percent, the most substantial gain since February 2009.

Core retail sales, which exclude autos, gasoline and building materials, rose 0.8 percent after falling 0.3 percent in December.

In addition, both December and November figures were adjusted to rev...


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Wal-Mart cuts 11,200 jobs at Sam's Club

Posted by Turgut Ziyal on Tuesday, January 26, 2010, In : retail 
Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members. Sam's Club Chief Executive Officer Brian Cornell said on Sunday that the retailer would outline charges associated with the job cuts in February, when it releases fourth-quarter results. He said he did not expect any "material impact" on its financial ...
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U.S. retail industry sales seen up 2.5 percent for 2010

Posted by Turgut Ziyal on Tuesday, January 26, 2010, In : retail 
U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence, a trade group forecast on Tuesday. The 2010 forecast from the National Retail Federation marks an expected improvement from a 2.5 percent drop in 2009 and a 1.3 percent increase in 2008. The data covers retail industry sales, excluding automobiles, gas stations, and restaurants.

This year's...


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About This Blog:


getfoodnews In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document. I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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