For Some, ’08 Retail Revenue Blossomed Even As Economy Dipped

Written by Fred J. Aun
July 12th, 2009

Despite the recession’s toll in 2008, many major retailers ended the year with more revenue than in 2007, according to the latest Stores Magazine Top 100 list. The ten retailers whose revenue went up the most, by percentage, were convenience store owner Susser Holdings, up 56 percent to $4.2 billion; A&P supermarkets, up nearly 49 percent to $9.5 billion; Apple Store/iTunes, up 46 percent to $9.65 billion; O’Reilly Automotive car parts, up about 42 percent to about $3.6 billion; Pilot Travel Centers, up 32 percent to $16.5 billion; The Pantry convenience stores, up 30 percent to about $9 billion;, up 29 percent to $19 billion; RaceTrac Petroleum, up 27 percent to $8 billion; Travel Centers of America, up 24 percent to about $7.7 billion and AT&T Wireless, up 23 percent to $4.9 billion.

However, there was plenty of pain reflected in the Stores list, based on revenue. Ranked by percentage of revenue decline, here are the most unfortunate: Williams-Sonoma, down nearly 15 percent to $3.3 billion; Brinker International restaurants, down about 14 percent to $3.6 billion, Limited Brands stores, down about 11 percent to $9 billion; Albertson’s supermarkets, down nearly 9 percent to $5.3 billion; Belk department stores, down 8.5 percent to about $3.5 billion; Home Depot (with $71.2 billion), Sears Holdings (with $46.7 billion) and Gap stores ( with $14.5 billion) all down an identical 7.8 percent; Office Max, down about 7 percent to about $4 billion; Office Depot, down 6 percent to about $10 billion; Macy’s, down 5.4 percent to about $24.9 billion and Barnes & Noble, down about 5 percent to $5.1 billion.


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Why Did Gonzales Hackers Like European Cards So Much Better?

I am still unclear about the core point here-- why higher value of European cards. Supply and demand, yes, makes sense. But the fact that the cards were chip and pin (EMV) should make them less valuable because that demonstrably reduces the ability to use them fraudulently. Did the author mean that the chip and pin cards could be used in a country where EMV is not implemented--the US--and this mis-match make it easier to us them since the issuing banks may not have as robust anti-fraud controls as non-EMV banks because they assumed EMV would do the fraud prevention for them Read more...
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The marketplace does speak. More fraud capacity translates to higher value for the stolen data. Because nearly 100% of all US transactions are authorized online in real time, we have less fraud regardless of whether the card is Magstripe only or chip and PIn. Hence, $10 prices for US cards vs $25 for the European counterparts. Read more...
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