Total U.S. foot traffic drops 3.1% in February
Chicago ShopperTrak RCT Corp.’s National Retail Sales Estimate reported that total retail sales for the month of February increased 1.2% while the company’s Retail Traffic Index (SRTI) reported total U.S. foot traffic declined 3.1% for the same period as compared with last year.
Sales remained positive in February despite three major snowstorms that influenced sales and traffic throughout the Midwest, East and Northeast regions. ShopperTrak’s data shows that although retail levels slipped during each blizzard (Feb. 5-7, Feb. 9-10, Feb. 25-27), shoppers proved resilient by spending more directly after each event.
Both President’s Day and Valentine’s Day spending most likely boosted the monthly sales figure as consumers rushed to various retail locations when they could safely leave their house.
“Although slight, the positive retail performance in February should be encouraging for retailers as most of the month was buried in snow,” said Bill Martin, co-founder of ShopperTrak. “We’ve seen time and time again that when consumers are willing to spend they find a way to do so and February’s performance highlights this trend.”
Looking ahead, March sales and traffic levels will most likely be average, compared with last year unless the warmer weather seen throughout most of the country continues and drives early spring purchases, Martin added.
On a weekly level, ShopperTrak’s NRSE reported sales for the week ending March 6 increased 2.0% as compared with last year, while weekly sales rose a strong 10.6% versus the previous seven-day period ending Feb. 27.
Sam’s Club honors outstanding Hispanic business owners
BENTONVILLE, Ark. Sam’s Club has announced the winners of the “Como Si: Doing Business Today for Tomorrow!” contest.
The winners of the nationwide contest, presented by Sam’s Club and The United States Hispanic Chamber of Commerce, were selected from contestants who submitted short videos promoting their small business, detailing what has brought their enterprise through today’s tough economic environment and what their plan is to “keep up and keep going.” The winners were chosen for originality, creativity, relevance and clarity of their videos.
The winners are:
Delmy Franco, My Tidy Files – North Hollywood, Ca. Alba Gonzalez-Nylander, Alba Video Production – Franklin, Tenn. Michelle Manon, Tamahli – San Antonio, Texas Jesus Ojeda, Ojeda’s, Inc – Des Moines, Iowa Molly Dalton Robbins, Palomita and Chucho Clothing – San Rafael, Ca. Maria de Lourdes Sobrino, Lulu’s – Anaheim, Ca. Nelson Soler, Multicultural Entrepreneurial Institute, Inc – Milwaukee, Wisc. Roger Villeda, Villeda Marketing International – Denver, Colo. Lilian Jimenez, Jimenez Communications – Fontana, Ca. Jennifer Fuentes, Independent Beauty Consultant – San Antonio, Texas
The winners receive a trip to the home office of Sam’s Club in Bentonville, Ark. to learn about incorporating the latest technology into their businesses while creating a better bottom line.
“Small business owners are pressed to find more effective and affordable ways to promote their business and compete in a tough economic environment. They must do so while learning new skills, such as managing cash flow, logistics and human resources. We are pleased to be part of an initiative that can help deliver valuable information to those who are eager to learn and apply it,” said Carlos Doubleday, Sam’s Club VP.
Collective Brands reports 4Q, FY results
TOPEKA, Kan. Collective Brands reported that its fourth-quarter net loss was $10.9 million, or 17 cents per diluted share, compared with a net loss of $144 million, or $2.28 per share, in the fourth quarter of 2008.
Full-year 2009 net earnings increased to $82.7 million, or $1.28 per diluted share, compared with a net loss of $68.7 million, or $1.09 per diluted share in 2008.
Collective Brands’ fourth quarter 2009 net sales were $741.7 million up 0.9%. The company’s fourth quarter 2009 comparable-store sales increased 0.7%.
Collective Brands’ 2009 net sales were $3.31 billion, down 3.9%. The company’s 2009 comparable-store sales decreased 2.3%. related to litigation, asset impairments, severance, cancellation of performance share units, and the expiration of the Tommy Hilfiger adult footwear license.