Dunkin’ Brands and Procter & Gamble have signed an agreement to launch Dunkin’ Donuts coffee at retail outlets nationwide.
P&G Coffee will be responsible for distributing Dunkin’ Donuts packaged coffee to grocery stores, mass merchandisers, club stores and other consumer retail channels across the United States.
Dunkin’ Donuts has made its full range of coffee flavors and roasts available for the retail launch, and P&G Coffee expects to offer several of the flavors and roasts in both whole bean and ground varieties.
Founded in 1950, Dunkin’ Donuts is the No. 1 retailer of hot regular coffee-by-the-cup in America, selling 2.7 million cups a day, nearly 1 billion cups a year. The company has more than 7,200 restaurants in 30 countries worldwide.
Proctor & Gamble owns the Folgers and Millstone coffee brands. It hasn’t been confirmed which chains will stock Dunkin’ coffee.
Effective June 1, Federated Department Stores plans to change its name to Macy’s Group.
Federated Department Stores was originally chosen as the company’s name in 1929 by a group of family-owned department stores that joined together under a corporate holding company umbrella.
Federated became an operating company in 1945, and its portfolio has included various regional department store names. In 2005 and 2006, all regional nameplates were converted to Macy’s.
Federated operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s. The company also operates macys.com, bloomingdales.com and Bloomingdale’s By Mail.
No sooner than retailers say goodbye to Cupid, they say hello to little green Leprechauns as stores stock up with St. Patrick’s Day gear.
According to the National Retail Federation’s 2007 St. Patrick’s Day Consumer Intentions and Actions Survey, consumers will spend an estimated $3.76 billion on St. Patrick’s Day. The average consumer is expected to dish out $34.89 celebrating the holiday compared to last year’s $27.94.
“With St. Patrick’s Day falling on a Saturday this year, Americans will be in the mood to celebrate,” said NRF President and CEO Tracy Mullin. “In addition to traditional retailers, St. Patrick’s Day will provide a great opportunity for restaurants and bars to see sales increases.”
This year, nearly one-third (30.5 percent) of consumers said they planned to celebrate St. Patrick’s Day by attending a party at their favorite restaurant or bar. However, another third of consumers prefer a quiet evening at home, with 33.9 percent staying in to make a special dinner.
The most popular way consumers plan to celebrate is simply by wearing green (82.6 percent), and some consumers are going all out: nearly 17 percent of consumers will attend a private party and 22.2 percent will decorate their home or office.
Young adults intend to spend the most on St. Patrick’s Day, with the average 18 to 24-year-old planning to dish out $40.12. Second to young adults are the 25- to 34-year-olds, who will spend $39.04, followed by the 35- to 44-year-old age group at $36.56.
Burlington Coat Factory, which formerly operated at Citadel Crossing, has officially made its move to the malls. The retailer opened at Chapel Hills Mall on March 2 and at The Citadel mall March 5.
Founded in 1972, Burlington Coat Factory sold primarily coats and outerwear. Since then, it has expanded to 373 stores in 44 states, and diversified its product categories by offering selections including ladies sportswear, menswear, coats, family footwear, baby furniture and accessories, as well as home décor and gifts.
All stores are company-operated, and nearly all are in high traffic areas such as strip malls and shopping centers.
Kohl’s Corp. has reported a 29.3 percent increase in net income for the quarter ended Feb. 3. Net income was $484.6 million, or $1.48 per diluted share, compared with $374.9 million or $1.08 per diluted share a year ago.
Earnings per share increased 37 percent compared to the fourth quarter of fiscal 2005.
Net sales increased to $5.4 billion from $4.7 billion a year ago, an increase of 16.7 percent for the quarter.
For the 2006 fiscal year, net income increased 31.7 percent to $1.1 billion or $3.31 per diluted share, compared with $842 million or $2.43 per diluted share a year ago. Earnings per share increased 36 percent in fiscal 2006 versus fiscal 2005.
Net sales increased 16 percent to $15.5 billion from $13.4 billion a year ago.
During the year, Kohl’s successfully opened 85 stores including entries into the Portland, Ore., Seattle, Wash. and Tampa, Fla. markets. The company ended the year with 817 stores in 45 states, compared with 732 stores in 41 states at the end of 2005.
For fiscal 2007 guidance, based on assumptions of a total sales increase of between 9 percent and 11 percent and a comparable sales increase of between 2 percent and 4 percent, the company expects earnings per diluted share of $3.68 to $3.84 for the year.
Joan Johnson covers retail for the Colorado Springs Business Journal.