MARKETING/SOCIAL MEDIA

Dollar General to sell beer, wine in some stores

BY CSA STAFF

Goodlettsville, Tenn. Dollar General Corp. said it has begun selling beer and wine in some of its stores in the Southeast.

Dollar General spokeswoman Tawn Earnest said the company expects to eventually offer beer or wine in half its stores, but didn’t say where the stores already selling alcohol are located.

“The company is exploring opportunities in locations where there is a customer demand,” Earnest said.

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Staples quarterly sales flat

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced that company sales of $5.5 billion for the second quarter of 2010 were flat compared with the second quarter of 2009. Net income for the second quarter of 2010 increased 40% year over year to $130 million, and diluted earnings per share, on a GAAP basis, increased 38% 18 cents from the 13 cents achieved in the second quarter of 2009.

“Staples continues to deliver strong earnings growth in a challenging sales environment,” said Ron Sargent, Staples’ chairman and chief executive officer. “We’re seeing good progress in our initiatives to grow technology, copy and print, and facilities supplies.”

 

North American retail sales for the second quarter of 2010 were $2 billion, an increase of 2% in U.S. dollars and flat in local currency compared with the second quarter of 2009, Staples said. Comparable-store sales for the second quarter of 2010 were flat versus the second quarter of 2009, reflecting increased customer traffic, offset by lower average order size.

North American delivery sales for the second quarter of 2010 were $2.4 billion, an increase of 2% in U.S. dollars and 1% in local currency compared with the second quarter of 2009, the company reported.

 

 

International sales for the second quarter of 2010 were $1.2 billion, a decrease of 6% in U.S. dollars and 2% in local currency compared with the second quarter of 2009.

For the third quarter of 2010, the company expects sales to increase in the low single-digits compared with the third quarter of 2009. The company expects to achieve diluted earnings per share, on a GAAP basis, in the range of 38 cents to 40 cents for the third quarter of 2010.

For the full year 2010, the company expects total company sales to increase in the low single-digits compared with the full year 2009. Including the impact of the higher tax rate, the company expects to achieve diluted earnings per share, on a GAAP basis, in the range of $1.20 to $1.24 for the full year 2010.

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Gap Inc. reports EPS growth

BY CSA STAFF

SAN FRANCISCO Gap Inc. reported earnings per share for the second quarter, which ended July 31, increased 9% to 36 cents per share on a diluted basis, compared with 33 cents per share on a diluted basis last year. Net earnings grew 3% to $234 million compared with $228 million for the second quarter last year.

“Our economic model helped us deliver both sales and earnings growth for the second quarter, while we navigated some challenges along the way,” said Glenn Murphy, chairman and chief executive officer of Gap Inc. “Looking forward, we’re committed to our strategy of growing sales and market share in North America as we also invest in our long-term global and online growth initiatives.”

Second quarter net sales were $3.32 billion compared with $3.25 billion for the second quarter last year. The company’s second-quarter comparable-store sales increased 1% compared with a decrease of 8% for the second quarter last year. The company’s online sales for the second quarter of fiscal year 2010 increased 15% to $258 million compared with $224 million for the second quarter last year.

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