Friday, April 29, 2016

Cabela's gives no insight on potential sale

Cabela'sCabela's, in response to pressure from activist shareholder Elliott Management, said in December it would examine a wide range of strategic alternatives for the company. On Thursday, the company gave virtually no insight into the process, saying only that the review is continuing.

It is widely believed that Cabela's will sell either all or part of the company. Various media reports have said Bass Pro Shops, one of Cabela's main competitors, is readying a bid, possibly with the help of Goldman Sachs.. . . more

How Dunkin' Donuts is taking aim at Starbucks

Image result for dunkin donuts latteDunkin' Donuts is going after Starbucks' coveted customers by more aggressively featuring espresso drinks like lattes and macchiatos.

In a phone interview, Dunkin' CEO Nigel Travis said espresso drinks have traditionally accounted for a "fairly small" mix of the doughnut chain's beverage sales, especially when compared with rival Starbucks. But Travis said Dunkin' has started to change that with the introduction of its macchiato last year.. . . more

Amazon surges in Q1; devices, cloud services fuel revenue growth

Amazon.com Inc. swung from loss to profit and significantly boosted net sales during a first quarter that topped analysts expectations.

The world’s largest online retailer reported better-than-expected net income of $513 million, compared to a net loss of $57 million in the first quarter of fiscal 2015.

Net sales also topped forecasts, rising 28% to $29.1 billion from $22.7 billion. . . . more

Forever 21 is having problems paying the bills

Image result for forever 21Forever 21, the fast-fashion retailer, which for years was busy opening ever-larger stores around the globe, is late paying its bills, industry sources tell The Post.

The tardy payments are spooking vendors and lenders who were already edgy, having witnessed Forever 21 take the unusual step of closing two massive California stores.. . . more

Whole Foods Market teams up with two eateries for its second 365 store

Whole Foods Market will open its second 365 by Whole Foods Market store on July 14, in Lake Oswego, Oregon. The new format will make its debut in on May 25, in Los Angeles.
 
In addition to being value driven, the 365 format will feature tie-ins with local and like-minded retailers as part of the chain’s “Friends of 365” program.

The third 365 store will open in late fall, in Bellevue, Washington. Ten additional locations are expected to open in 2017.. . . more

Arby’s returns to unit growth

Arby's logoArby’s Restaurant Group Inc. said Wednesday that same-store sales increased 6.6 percent in the first quarter, and that the momentum is leading franchisees to build new locations.

The Atlanta-based sandwich chain reported its 22nd straight quarter of same-store sales growth, and the 13th straight quarter that same-store sales growth outpaced the quick-service segment.. . . more

April Values Rebound, Hotels Aside

Image result for shopping centers soldCommercial property pricing rebounded in April, posting month-over-month gains of 56 basis points overall, Ten-X said Thursday in reporting the results of its latest Commercial Real Estate Nowcast. That improvement extended to all property sectors aside from hotel, which continues to see pricing declines.

Retail and industrial, which were both flat in the March nowcasts, gained in April. The retail nowcast rose 0.9% in April and is now up 9.4% from a year ago. In the most recent month, retail was buoyed by higher investor expectations although online search trends dragged. . . . more

Thursday, April 28, 2016

GNC to sell 84 company-owned stores

Image result for gncGNC Holdings Inc. said Thursday it would be selling 84 company-owned stores to one of the country's biggest franchisers in a deal that will eventually lead to the Pittsburgh-based nutrition retailer selling off about 1,000 of its stores.

GNC disclosed in its first-quarter earnings report released Thursday that it would receive about $17 million from the sale to Sun Holdings, which does not yet own any GNC locations. It's a small slice of its 9,000 GNC stores worldwide, including 2,340 that are part of a store-within-a-store at drug store Rite Aid. But it's part of a larger effort for GNC to sell off 200 company-owned stores this year and 1,000 total.. . . more