FINANCE

Walgreens sales drop 7.8% in September

BY Katherine Boccaccio

Deerfield, Ill. — Walgreens reported Wednesday that total sales for the month of September fell 7.8% to $5.48 billion. Front-end sales dipped 0.4% and same-store sales for the front decreased 1.5%.

Customer traffic fell off 2.3% in September, but the biggest factor in the slowed performance was the 10.3% decrease in same-store prescription sales for the month.

Overall, same-store sales dropped 11.1%.

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FINANCE

Bebe sees slowed sales in Q1; in hunt for CEO

BY Katherine Boccaccio

Brisbane, Calif. — Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.

The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time.

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OPERATIONS

Survey: A third of consumers will consider layaway for holiday shopping

BY Katherine Boccaccio

Whiting, Ind. — A survey of 2,339 shoppers by CouponCabin.com found that 34% are at least somewhat likely to purchase items on layaway this holiday season.

The survey, conducted by Harris Interactive, also found that 9% are very likely to use layaway; 29% said maybe.

When asked what they believe are the benefits to using a layaway program for holiday shopping, U.S. adults said the following:

  • 54% said layaway helps them to buy larger items that they couldn’t afford to buy all at once;
  • 52% said it helps with budgeting;
  • 46% said it helps them avoid using credit cards;
  • 43% said it helps to with planning ahead;
  • 43% like being able to reserve a popular item; and
  • 33% said they don’t need to have good credit to use layaway programs.

"Layaway can be a smart option for holiday shoppers on a budget, as it forces shoppers to be disciplined about saving and reduces impulse purchases," said Jackie Warrick, president and CEO at CouponCabin.com.

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azee1122 says:
Dec-29-2012 02:14 pm

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Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks. facebook dislike button

azee1122 says:
Dec-29-2012 02:14 pm

Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks. facebook dislike button

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Dec-02-2012 12:35 pm

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S.Sdasdsa says:
Dec-02-2012 12:35 pm

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