What is the point of Whole Foods when you can buy gluten-free pie crust, organic sweet corn, and quinoa in most regular grocery stores? Whole Foods doesn’t seem to know, and neither do the people who used to shop there, which is why a major shareholder of the supermarket chain wants Whole Foods to clean itself up and see whether anyone might be interested in a merger. [More]
comparable store sales
Target Sales Are Down Because Customers Are Fixing Up Their Homes Instead
By 8.17.16
Target’s first comparable stores sales decrease in two years is partly due to the retailer’s problems with actually selling groceries, but the drop also reflects problems with the national retail landscape as a whole. Target expected sales to increase slightly, but instead, Americans are apparently paying for experiences rather than stuff, heading to buy clothes at off-price stores, and buying supplies to remodel our homes. [More]
Sears Holdings Comparable-Store Sales Down More Than 10% In Last 3 Months
By 8.3.15
In all of our reporting on the recent woes of Sears Holdings, the real message is that we want Sears to stage a comeback and return to the retail greatness of decades past. Yet things don’t look very promising over at Sears HQ, and today the department store chain announced that its sales across comparable stores have fallen more than 10% in the last quarter. [More]
