Online retailers to participate in Free Shipping Day
Ft. Collins, Col. Retailers and consumers are gearing up for Free Shipping Day set for Dec. 17. The one-day shopping event offers free shipping to customers with guaranteed delivery by Christmas Eve.
More than 450 retailers have already signed up to participate, eclipsing last year’s final tally of 250. Participating merchants include Toys “R” Us, J.C. Penney, Apple Store, Nike, Sears, Babies “R” Us, Eddie Bauer, PacSun, PetSmart, and Ralph Lauren.
“Numbers show that online shopping dramatically slows after Dec. 10,” said Luke Knowles, founder of FreeShippingDay.com. “The day encourages people to continue buying items online later into the month of December, and obviously this is appealing for retailers.”
Walmart honors military families with $1.1M donation
FORT BRAGG, N.C. Walmart announced that, through a $1.1 million donation, it is helping more than 10,000 military children and families receive free toys, books, Walmart gift cards and gift packages. In addition, the company announced that it is honoring fallen veterans by helping to place wreaths on national cemeteries and memorial sites.
Walmart joined with Operation Homefront and Wreaths Across America in Fort Bragg, N.C., on Dec. 4 to launch the program, part of “Walmart Gives Back,” a holiday giving initiative focused on hunger relief and support for military families.
“Walmart has a history of supporting our troops. This holiday season, we recognize the sacrifices of our deployed servicemen and women – and their families back at home,” said Margaret McKenna, president of the Walmart Foundation. “We know that many military families have a tough time during the holidays. They miss their loved ones who are away, and we hope that our efforts will make their holiday easier and better.”
Big Lots raises outlook after strong quarter
COLUMBUS, Ohio Big Lots reported third-quarter fiscal 2009 income from continuing operations of $30.3 million, or 37 cents per diluted share, compared with income from continuing operations of $12.4 million, or 15 cents per diluted share, in the third quarter of fiscal 2008.
Net sales for the third quarter of fiscal 2009 increased 1.3% to $1.03 billion, compared with $1.02 billion for the same period in fiscal 2008. Comparable-store sales for stores open at least two years at the beginning of the fiscal year decreased 0.2% for the quarter.
Big Lots has increased its fourth-quarter guidance for income from continuing operations to $1.09 to $1.14 per diluted share, a 9% to 14% increase compared with income from continuing operations of $1.00 per diluted share for the same period last year. The company has also raided its fiscal 2009 annual guidance for income from continuing operations to $2.15 to $2.20 per diluted share, a 14% to 16% increase compared to income from continuing operations of $1.89 per diluted share last year.