Kohl's standalone strategy working
Kohl's posted strong same-store holiday sales, due in large part to its new business strategy to develop more standalone stores instead of mall anchors. The chain posted an increase of almost 7% in same-store sales in both November and December, making it the best holiday quarter in three years. Reuters article
Barnes & Noble holiday sales down 6%
Barnes & Noble reported a 6.4% decline in holiday sales compared to the year prior. Although the company was encouraged by the comparable store sale improvements in the previous two quarters, slower traffic in December led to a 4.5% same-store sale decline. Release
Whole Foods suppliers forced to work with Daymon for shelf space
Whole Foods used to allow individual suppliers to choose representation for shelf space and in-store displays, but now, under new rules, all vendors must work with Daymon, a subsidiary of SAS Retail. Daymon will now be in charge of checking and stocking shelves, tastings and displays on behalf of all Whole Foods suppliers. Washington Post article
Most pet food bought in-store
Despite the increase in online sales, most pet owners still prefer to buy their animal's food in a physical store. The latest report from Packaged Facts shows that about 88% of dog owners and 93% of cat owners bought pet food from a brick-and-mortar in the last 12 months. Drug Store News article