All North America articles – Page 28
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News
Department store group JC Penney reports net sales decline
Department store group JC Penney reported a net loss of $123m (£77.5m) for its third quarter to October 27, a 14% improvement from $143m (£90.1m) in the comparable period in 2011.Net sales declined by 26.6% to $2.93bn (£1.85bn) from $3.99bn (£2.51bn), while like-for-likes fell 26.1%. During the quarter the retailer ...
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Whole Foods Market launches travel company
Organic grocery retailer Whole Foods Market has launched a travel company aimed at active food lovers who want to experience “what travel should taste like”.The venture, called Whole Journeys, offers 11 itineraries in Europe, China and the US and will run trips from April next year.Tours, which last from five ...
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AnalysisInternational analysis: US retailers gear up for Black Friday Sales frenzy
As the US national holiday of Thanksgiving (November 22) fast approaches, retailers Stateside are gearing up for one of the biggest Sales, and indeed shopping, days of the year.
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NewsWiggle targets US with dotcom launch
Bikes etailer Wiggle is targeting US sales with the launch of a Wiggle.com site.
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AnalysisAnalysis: What attracts international retailers to the UK?
International retailers seeking property in the UK must vie for the perfect spaces to showcase their brands. So what attracts overseas newcomers looking to British shores, and which areas can tempt them beyond the high-end draw of the West End?
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News
Fashion retailer Gap reports sales increase
Sales at Gap increased 8% to $3.86bn (£2.4bn) during its third quarter ended October 27. The retailer reported a 6% rise in like-for-like sales, against a 5% decrease in the same period last year.Like-for-likes in North America rose 7% across Gap, Banana Republic and Old Navy, but fell 3% internationally.For ...
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News
Walmart to install 10,000 additional SelfServ checkouts
Walmart is to install 10,000 additional SelfServ checkouts from specialist NCR to more than 1,200 US stores next year.The initiative is designed to improve the customer experience and offer shoppers more choice about how they check out. The retailer has been deploying NCR’s self-checkout solutions for more than 10 years.“Our ...
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News
Amazon records third quarter net loss
Amazon recorded a net loss of $274m (£170.1m) for its third quarter ending September 30, against a net profit of $63m (£39.1m) a year earlier. Sales rose 27% to $13.81bn (£8.57bn).It was Amazon’s first quarterly loss since 2003 and included a charge of $169m (£104.9m) related to writedowns at daily ...
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News
Grocer Kroger to test shopper reward app
Grocer Kroger will test an app from software company Earn & Play that rewards shoppers with cash and discounts for playing games during grocery store visits. Customers will be able to open the app when they go shopping and select a particular aisle or product. The app will then ask ...
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News
Quidsi to launch two new ecommerce sites
Amazon-owned Quidsi is to launch two new ecommerce sites targeting busy parents.Afterschool.com will offer 50,000 products ranging from baseball bats and ballet shoes to art supplies. Bookworm.com will offer children’s books.Both sites offer free shipping on orders of more than $49 (£30.55). They complement existing Quidsi ecommerce sites, which include ...
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News
Target to offer price-matching in bid to compete with online retailers
General merchandise retailer Target will offer price-matching during the holiday season to compete with online retailers.The initiative will run from November 1 to December 16 and will include Amazon.com, Walmart.com, Bestbuy.com, Toysrus.com and Babiesrus.com.
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News
Amazon in acquisition talks with bookseller Saraiva
Amazon is in acquisition talks with Brazilian bookseller Saraiva, according to sources.Saraiva is based in São Paulo and sells through stores and online. It is thought Amazon could leverage the deal to establish itself in the fast-growing Brazilian ecommerce market.Amazon declined to comment.
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News
Grocer Kroger reveals future growth streams
Grocer Kroger has revealed it intends to pursue several future growth streams, including new store expansion – adding stores in both existing markets as well as entering new territories. It also plans to test new formats and enhance its multichannel capabilities. While most growth will be organic, the retailer has ...
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News
Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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News
Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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News
Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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Kohl’s strikes partnership with designer Derek Lam
Kohl’s has struck a partnership with designer Derek Lam, who will be the second contributor to the retailer’s DesigNation limited edition collection.Kohl’s chairman, president and chief executive officer Kevin Mansell said: “On the heels of announcing our first DesigNation collection that will launch on November 7 with Narciso Rodriguez, and ...
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News
RadioShack chief executive James Gooch steps down
RadioShack has announced that chief executive James Gooch has stepped down with immediate effect. The board is looking for an executive search firm to find his successor.It has not ruled out hiring internally.Executive vice-president and chief financial officer Dorvin Lively will be interim chief executive.
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News
Staples unveils plans to accelerate growth
Staples has unveiled plans to serve customers better and accelerate growth. The retailer will expand beyond office supplies and improve its multichannel provision by merging its US Retail and Staples.com divisions.Staples plans to close 30 stores and downsize 30, a reduction in square footage in North America of 15%, by ...
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.