Advance Auto Parts launches e-commerce site
Minneapolis Advance Auto Parts has launched its own e-commerce site, allowing the company to sell parts online for the first time in about eight months.
AdvanceAutoParts.com now allows customers to purchase more than 100,000 parts and accessories. It offers free shipping on purchases of $75 or more, as well as free in-store pickup.
Advance Auto previously operated a site called PartsAmerica.com in partnership with Phoenix-based CSK Auto, the parent company of rival Checker Auto Parts.
Advance Auto and CSK dissolved PartsAmerica.com during first quarter 2009, after CSK was acquired by Springfield, Mo.-based O’Reilly Automotive, which operates O’Reilly Auto Parts stores.
Since then, customers have not been able to buy parts on Advance Auto’s Web site. The company only operated an online merchandise look-up feature.
Tuesday Morning 1Q comps suffer, expects loss
DALLAS Tuesday Morning reported net sales for the first quarter 2009 were $165.9 million compared with $173.4 million for the quarter ended Sept.30, 2008, a decrease of 4.3%. Comparable-store sales for the quarter decreased by 5.8%, comprised of a 1.7% decrease in traffic and a 4.1% decrease in average ticket.
Based on the first quarter sales results, the Company currently expects the loss per share for the first quarter to be in the range of 11 cents to 13 cents. The loss per share was 10 cents for the quarter ended Sept. 30, 2008.
“Credit and housing woes continued to impact the discretionary spending behavior of our customers,” said Kathleen Mason, president and CEO. “The quarter started slowly during the ‘cash for clunkers’ program, but picked up in September. Our trend in comparable store sales and customer traffic continued to improve. We successfully managed inventory and kept expenses in line with revenues. Our balance sheet improved with low usage and high availability on our line of credit.”
There is hope for home
The home category continues to face its share of challenges on the demand side, something Target knows all too well. However, there is business to be had and profits to be made, as category leader Bed Bath & Beyond proved last week. The company beat analysts’ earnings estimates by four cents a share, when it reported a second quarter profit of 52 cents a share on sales that increased a modest 3.3% to slightly more than $1.9 billion. Same-store sales declined 0.6%. Bed Bath & Beyond is a beneficiary of the recession, as it saw its major direct competitor, Linens ‘N Things, eliminated.