All North America articles – Page 29
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News
Amazon to recommence selling wine
Amazon intends to start selling wine again after it abandoned previous plans to enter the wine market three years ago.Meanwhile, Amazon’s Quidsi subsidiary in the US has unveiled an ecommerce site offering natural, organic and sustainably made products. Vine.com sells products ranging from skincare to ambient grocery, furnishings and electronics. ...
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Best Buy develops location-based shopping app
Electronics retailer Best Buy has developed a location-based shopping app with eBay-owned RedLaser.Best Buy is the first retailer to ‘geo-fence’ its locations, enabling shoppers to see special offers, browse open-stock items and view products relevant to them when they walk into a store.Online Best Buy shoppers can also research and ...
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Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsAmerican Greetings boss bids to take company private
American Greetings, owner of Clinton Cards, has received a $580m (£358.2m) bid from a group led by its chief executive to take the company private.
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Walmart launches health food programme
Walmart has launched a health food programme with HumanaVitality, a subsidiary of the Humana healthcare company.The Vitality HealthyFood scheme offers members an incentive to purchase healthier foods by offering a 5% discount on items awarded Walmart’s ‘Great For You’ symbol.The scheme is due to begin on October 15.Shoppers can join ...
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News
Ritz Camera wins court permission to liquidate business
Specialist retailer Ritz Camera has won court permission to liquidate the business after failing to find a buyer. In 2009 the retailer’s founding family bought it out of bankruptcy but has since failed to turn the retailer around.Earlier this month an auction was held with the aim of either selling ...
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JC Penney to bring back its ‘Free haircuts for kids on Sunday’
Department store group JC Penney is bringing back its ‘Free haircuts for kids on Sunday’ promotion from November 4.The retailer believes that the free haircut scheme, for children from kindergarten age up to 12 years old, will help bring new customers into stores as well as attract existing shoppers.
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AnalysisInternational analysis: Best Buy aims to stabilise as clock ticks on buyout
US consumer electronics specialist Best Buy has reached an agreement to satisfy recent requests from founder Richard Schulze in connection with his offer to take the retailer private.
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Toys R Us introduces Christmas season initiative
Toys R Us has introduced an initiative for the Christmas season to ensure shoppers do not miss out on in-demand toys.The Hot Toy Reservation programme is a complimentary service that enables customers to reserve any toys from the 50 items on the Toys R Us annual ‘hot toy’ list.The system ...
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JC Penney wins legal dispute with rival Macy’s
JC Penney has won a legal dispute with rival retailer Macy’s that prevented the former from selling Martha Stewart-branded products in its stores.A New York state judge ruled that JC Penney can proceed with its plans to sell Martha Stewart goods, denying Macy’s request for an injunction, The Washington Post ...
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News
PPR close to US Redcats sale
PPR is close to selling its profitable US Redcats division and offloading its plus-sized and sportsman’s units, the New York Post reported. Sources said OneStopPlus has been put up for sale and is expected to fetch $400m to $500m (£250m to £313m).Private equity firms including TPG, Leonard Green, Berkshire Partners ...
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AnalysisAnalysis: Exploring international retail expansion
Retailers are increasingly exploring international expansion, but securing the right property portfolio abroad brings unique challenges. Gina Lovett reports on developments in key global markets.
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AnalysisAnalysis: Why American retailers are entering the UK
US retailers are increasingly crossing the pond to set up shop in this country. Alex Lawson examines the opportunities and pitfalls they face.
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News
Peapod launches click-and-collect service
Online grocer Peapod has launched a click-and-collect service in partnership with Ahold’s Stop & Shop chain.Shoppers can order groceries online through Peapod and then go to stores for collection. They must live within 10 miles of the store to use the service and payment is made online. Customers can shop ...
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OpinionComment: A true brand is more than a fascia
Many aspire to be a truly successful brand but very few succeed.
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Net income plunges at Best Buy
Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.Total revenue fell ...
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Bookseller Barnes & Noble narrow net losses
Bookseller Barnes & Noble recorded a 2.5% increase in consolidated revenues to $1.5bn (£948.4m) for its first quarter ended July 28. Net loss narrowed to $41m (£25.9m) as a result of cost savings. Sales at the retailer’s stores rose 2% during the period, or 4.6% on a like-for-like basis, benefiting ...
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NewsRetailers set sights overseas for sales boost
Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth.
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Target reports second-quarter sales increase
Target’s second-quarter sales rose 3.5% to $16.5bn (£10.51bn). Like-for-like sales were up 3.1% on top of a 3.9% gain a year ago. Net earnings remained flat at $704m (£448.6m).During the quarter, Target added eight new stores, including its first three CityTarget stores. The retailer’s REDcard loyalty scheme penetration reached 12.8% ...
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AnalysisInternational analysis: Walmart slows expansion in some overseas territories
Last week Walmart reported a strong set of results for its second quarter ended July 31.