Monday, September 29, 2014

National Retail News

August comparable-store sales posted a year-over-year gain of 4.8% based on the ICSC’s final tally of 11 retail chains. A healthy August back-to-school shopping season seemingly helped apparel sales for some retailers. L Brands was up 5.0%, Gap was down 2.0%, Rite Aid was up 3.9%, Walgreen’s rose 1.4%, and Costco gained 7.0%. See our sales report below...UPS Stores said that a security breach may have led to the theft of customer credit and debit data at 51 UPS stores in the US. ..Duane Reade drugstores in NYC have been re-branded as “Duane Reade by Walgreens”. Walgreen Co. bought Duane Reade for $1.08 billion in 2010. ...CVS Caremark Corp. is changing  its name to CVS Health and has halted sales of tobacco products a month ahead of schedule. CVS Health operates 7,700 drugstores and 900 walk-in clinics...Dave & Buster's Entertainment, Inc.  plans to offer 5.88 million shares at $16 to $18 each in its initial public offering. Dave & Buster's Inc. said its application to trade under the symbol PLAY has been approved, in a filing with the Securities and Exchange Commission...Wal-Mart will rebrand its 21 Wal-Mart Express stores to its Neighborhood Market banner in the next few months. New small stores that open in the future, including 90 scheduled to open by the end of 2014, will be branded Neighborhood Express.

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