June 22, 2012 |
Darden Restaurants Inc.'s efforts to spruce up Olive Garden's lagging sales, including national promotions and cost cuts, were “less effective than anticipated,” the company said while announcing its fiscal fourth-quarter earnings Friday. Similar tactics were also uninspiring at Darden's seafood chain, Red Lobster. After a brief respite during the spring, Italian brand Olive Garden returned to its pattern of poor same-store sales, which tumbled 1.8% over the quarter ended May 27 compared with a year earlier, while customer traffic fell 7.5% in May. Red Lobster's same-store sales slid 3.9% over the quarter and customer traffic in May slumped 7.8% With sales of $904 million, Olive Garden is Darden's largest chain.
January 10, 2013 |
BMW broke company records for motorcycle and scooter sales in 2012, with a 2% rise in overall sales and a whopping 15.7% jump for its Husqvarna line. The German company announced Wednesday that sales were highest in Germany, followed by the U.S. and France. Overall, it shipped more than 106,000 bikes, up from 104,000 in 2011. BMW's popular R1200GS was the most successful model, with sales of more than 17,000 units in its final production year. Following it were the F800GS, with about 11,500 units, and the R1200GS Adventure, with 10,200.
September 19, 2012 |
Intuit Inc. Chief Executive Brad Smith said the company didn't bring its "A game" last year and will speed up development of mobile software and undertake other initiatives to turn more online shoppers into paying customers. Refining products such as TurboTax and QuickBooks can bring Intuit more paying customers and translate into at least 5 percentage points of sales growth, Smith said at a meeting with financial analysts Tuesday at Intuit headquarters in Mountain View, Calif. "It was a solid year — it was not our best year," Smith said of fiscal 2012, which ended in July.
August 2, 2012 |
Chick-fil-A appears to have set a company record in sales on Wednesday, a day on which Americans were encouraged to show their support for the fast-food restaurant whose leadership has drawn both criticism and praise in recent weeks for its opposition to same-sex marriage. The privately held company declined to give specific sales figures but released a statement to the Los Angeles Times confirming that frenzied sales of chicken sandwiches and cross-cut waffle fries had made for a record-setting day. "We are very grateful and humbled by the incredible turnout of loyal Chick-fil-A customers on August 1 at Chick-fil-A restaurants around the country," said Steve Robinson, executive vice president of marketing, in the statement.
April 25, 2013 |
Altria Group Inc., the largest U.S. tobacco company, said Thursday it will introduce an electronic cigarette this year amid a continuing slump in sales of its top-selling Marlboro brand. Some of Altria's competitors -- including Lorillard Inc., with its blue eCigs brand, as well as smaller rivals such as NJOY -- have been quicker to seize on the rising popularity of e-cigarettes. E- cigarettes are battery-powered devices that heat liquid nicotine in a disposable cartridge and produce a vapor that's inhaled.
June 17, 2009 |
Lakers fans aren't letting the recession rein in their parade. Los Angeles sports retailers are reporting record sales as adoring fans snap up championship T-shirts, hats and flags. The outpouring of pride is more than welcome for business owners, who have been fighting a down economy for months. "Winning a championship seems to be curing a lot of people's blues," said Sean Ryan, vice president of merchandise for Anschutz Entertainment Group, owner and operator of Staples Center.
September 23, 2009 |
Dan Brown's new novel has passed the 2 million mark and bested Bill Clinton's "My Life" in the record books. Doubleday announced Tuesday that hardcover, audio and e-book sales for "The Lost Symbol" topped 2 million copies for its first week of release in the United States, Britain and Canada. The total is "well over" 2 million for English-language editions worldwide, according to Doubleday spokeswoman Suzanne Herz, who declined to offer a specific number. Herz did say that around 5%, or 100,000 copies, of "The Lost Symbol" were sold as e-books.
March 1, 2011 |
Sales and possession of Spice, Blaze and other "fake" marijuana products were outlawed for at least a year Tuesday by a federal agency that expressed concern about teens being harmed by smoking such products, according to an announcement. The Drug Enforcement Administration took aim at the products said to create a marijuana-like high. It used its emergency authority to ban five chemicals in such products: JWH-018, JWH-073, JWH-200, CP-47,497 and cannabicyclohexano. "These products consist of plant material that has been coated with research chemicals that claim to mimic THC, the active ingredient in marijuana, and are sold at a variety of retail outlets, in head shops, and over the Internet," the DEA announcement says.
August 10, 2011 |
American Apparel Inc. had a narrower loss and improved sales in its second quarter, the Los Angeles clothing maker and retailer said in an updated earnings filing. For the three months that ended June 30, the company reported a loss of $213,000, or flat earnings per share, compared with a loss of $14.7 million, or 21 cents, in the year-earlier period. Sales were flat overall and at stores open at least a year. The latter measure, known as same-store sales, is considered an important gauge of a retailer's health because it excludes store openings and closings.
October 30, 2012 |
Allergan Inc. is considering selling its Lap-Band weight-loss unit amid rapidly declining sales and a swarm of negative publicity about patient deaths and a criminal investigation of one of its former customers. Word of the potential sale came the same day the company disclosed that sales of the Lap-Band fell for the fifth consecutive quarter. The company reported $37.4 million in Lap-Band sales for the third quarter of 2012, a 25% decline from one year ago and 53% less than it sold in the third quarter of 2008.