April 11, 2013 |
Book sales rose 6.2% last year in the U.S., thanks to the continued growth of electronic publishing, according to newly released StatShot data from the Assn. of American Publishers. Electronic books, which a decade ago represented a tiny fraction of the industry's revenue, now are the fastest-growing segment of the publishing business. Indeed, sales of digital versions of books for children and young adults more than doubled in 2012 from a year earlier. The digital transition has been gathering momentum since the 2007 introduction of e-readers such as Amazon's Kindle, and accelerated with the soaring popularity of tablet computers that followed the 2010 launch of Apple Inc.'s iPad.
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.
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.
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.
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.
June 12, 2009 |
Consumers, daunted by the recession, hit the pause button on buying video games in May. The game industry last month racked up $863.3 million in sales of games and consoles, the first time since August 2007 that monthly sales came in less than $1 billion, according to a report released Thursday from market research firm NPD Group Inc. Sales of game consoles took a big hit last month, dropping 30% to $302.5 million from $433 million in May 2008.
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.
June 7, 2013 |
The broadcast television advertising market is in full swing, with the top-rated CBS network once again leading the pack. By Friday afternoon, CBS was close to finishing its advance advertising sales for the 2013-14 television season, notching rate increases of 6% to 7.5%, according to people familiar with the negotiations. CBS is expected to wrap the annual auction with $2.5 billion in commitments for prime-time commercials. A year ago, CBS finished the auction with higher rate increases -- ranging from 8% to 10% -- for a total haul of $2.6 billion.
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.
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.