Posted by Retailer Daily » ‘The Daily Wrap:’ Burger King, Walgreens, Dunkin’ Donuts
3G Buys BK Private equity firm 3G Capital has purchased public fast food chain Burger King for $4 billion. That figure equals 46% more than Burger King’s share value at the time of the deal. Source: CNN/Money [Link]
Retailer Daily » RetailWire Discussion: The Shopping Experience Gets a Tech-Up
Retailer Daily occasionally runs guest discussions on important industry issues from RetailWire. Today’s article, a guest column from RetailWire Editor-in-Chief George Anderson, examines how retailers are using IT to meet expanding expectations of the modern shopper. [Link]
Retailer Daily » Environmental Update: Ikea, Albertsons, E-Waste
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader. [Link]
Retailer Daily » ‘The Daily Wrap:’ Burger King, Amazon, Bashas’
Burger King Said to Hold Buyout Talks With 3G Capital Fast food retailer Burger King Holdings, Inc. is reportedly in talks with 3G Capital about a buyout. The public company could potentially improve troubled relations with its franchisees and differentiate itself from chief competitor McDonald’s by selling its business to a private equity firm. Source: Bloomberg [Link]
Retailer Daily » Retail Email Volume Grows 8% Annually in August
Top online retailers sent each of their subscribers 2.6 promotional emails on average during the week ending August 27, 2010, according to Chad White, research director at Responsys and author of the Retail Email Blog. That’s down 8% week-over-week, down 3% from where it was four weeks ago, and up 8% year-over-year. [Link]
Retailer Daily » ‘The Daily Wrap:’ Dollar General, Wal-Mart, Hannaford
Dollar General Increases Net Income by Half Dollar store retailer reported net income of $141.2 million in Q2 fiscal 2010, a 51% year-over-year increase. Dollar General also grew gross margin, operating profit and same-store sales. Source: Dollar General [Link]
Retailer Daily » ‘The Daily Wrap:’ Blockbuster, Kroger, Borders
Blockbuster Bankruptcy in Works Could Shut 800 Stores According to several published reports quoting sources familiar with the situation, struggling media entertainment chain Blockbuster will enter a “pre-planned” bankruptcy in mid-September 2010 that will allow it to restructure a debt load of nearly $1 billion, as well as escape leases on 500 to 800 of its worst-performing brick-and-mortar stores. Source: … [Link]
