News

Sonia Kashuk brings more beauty to Target

BY CSA STAFF

MINNEAPOLIS — Target is ushering in fall with Sonia Kashuk’s latest collection at Target, including shades and makeup brushes in a chic new print.

The Sonia Kashuk 2011 fall collection includes:

  • Brush Couture Five-Piece Brush Set ($14.99): The five-piece brush set comes in a chic black-and-white tribal print and includes a powder/blusher brush, crease brush, synthetic concealer/foundation brush, small eye shadow brush and smudge brush.

SHADE ADDITIONS

  • Instructional Eye Shadow Palette ($19.99): The12-shade eye shadow palette comes with step-by-step instructions from Sonia Kashuk, and color-coded illustations. This new seasonal color palette includes jewel tones, dusty mauves and shimmery metallics in contrasting textures, from satin and velvet to semi-matte finishes infused with subtle shimmer. Now available in Eye On Fall Color.

  • Nail Colour ($4.99): Nails will be the season’s must-have accessory. Now available in Sugar Rush, a sheer feminine pink; Mauving On Up, a dusty mauve; Chocoholic Brown; and Blank Slate, a blue-gray that pairs with fall’s deeper color palette.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Costco, BJs and Target beat expectations

BY Marianne Wilson

New York City — BJ’s Wholesale Club, Costco and Target all beat Wall Street expectations in August, helped by consumers seeking out emergency supplies and clean-up items as they prepared for and then dealt with Hurricane Irene.

BJ’s Wholesale Club’s same-store sales jumped 11.5% in August, beating analysts’ predictions for a 7.8% increase. The retailer said that gasoline sales contributed about 3.6 percentage points to the increase, and hurricane-related sales contributed another 2.5 to 3 percentage points.

At Costco, same-store sales rose 11%, which exceeded analysts’ expectations for 9.3%.

Target Corp.’s same-store climbed 4.1% in August. In a prerecorded call, the retailer said that the monthly results were helped by an increase in average transaction size and got a boost of one-half of a percentage point as shoppers in the East headed to its stores to prepare for Tropical Storm Irene.

“August comparable-store sales were in line with our expectations, reflecting solid results in our back-to-school and back-to-college categories,” said Target chairman, president and CEO Gregg Steinhafel. “While the pace of the economic recovery is uneven and uncertain, we are confident in our ability to execute on our strategy, to offer the right balance of extraordinary value, convenience, newness and differentiation and to remain our guests’ preferred shopping destination.”

Target said August same-store sales in grocery increased in the mid to upper teens; health care, beauty and household essentials increased in the mid single-digit range.

Another area of increase was apparel, which was up slightly. The company said same-store sales in hardline categories declined in the low single-digit range, and home categories declined slightly.

In other discount same-store results for August:

  • The TJX Cos. said its sales increased 1%, missing expectations. The company said Hurricane Irene hurt business in key markets throughout much of the fourth week, causing it to come in towards the low end of our expected range.
  • Ross Stores reported a 4% gain.
  • Fred’s said its sales rose 1.6%, which fell short of analysts’ estimates.
  • Duckwall-Alco Stores reported its sales, excluding fuel increased 2.2%.
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

SpendingPulse: August sales strong despite hurricane and Wall Street volatility

BY Marianne Wilson

Purchase, N.Y. — The apparel, e-commerce, grocery, and luxury segments all showed continued growth in August, as the hardware, restaurant, and automotive repair sectors returned to positive territory, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

Michael McNamara, VP research and analysis for MasterCard Advisors SpendingPulse, noted that while some of the growth was helped by easy comparisons with the year-ago period, the results still demonstrated continued consumer spending patterns in spite of the debt debate in Washington, the volatility on Wall Street, or Hurricane Irene.

“Even taken together, these factors have not been able to derail the U.S. consumer,” he said.

McNamara added that while certain sectors of discretionary spending with a heavy concentration on the Eastern seaboard were impacted by Irene, on a national scale, the hurricane did not throw the American consumer off course in August.

“On the east coast, Hurricane Irene primarily impacted the last Saturday of the month. This last Saturday in August typically accounts for about 4% – 4.5 % of the total sales for the month,” he said. “The hurricane also benefitted some sectors such as groceries and building materials. Finally the hurricane may have shifted some discretionary sector sales from August to September.”

The SpendingPulse Back-to-School sales index shows a year-over-year increase of 3.0% compared with the July-August time period in 2010. This index aggregates the sales performance for children’s apparel, family apparel, department stores, office supplies and drug stores. The 3.0% increase is the largest year-over-year increase since 2006 when sales increased by 6.2%.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...