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Fast food chains such as McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX), Chipolte (NYSE:CMG) may equip restaurant employees with portable ordering systems and other technological innovations in order to expedite catering to customer queues during rush hours with a view to boost sales. Customers are also likely to be encouraged to pay via smartphones.
Teen retailer Wet Seal (NASDAQ:WTSLA) is facing serious deterioration in sales as its Arden B and Wet Seal brands suffer from declines in the double digits y-on-y. In an otherwise dismal report, on-line sales were a consolation, rising by 0.3 percent, the first time this has happened after April 2011.
August same store sales climbed 4.7 percent handily at Target (NYSE:TGT) beating analysts’ expectations of a 3.1 percent rise. Sales apparently ticked up towards the second half of the month, signalling that the back to school shopping season was going well for the retailer.
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