All North America articles – Page 33
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AnalysisWalmart launches ‘pay with cash’ online option
Walmart is to launch a ‘pay with cash’ option for online shoppers.
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News
Apple posts quarterly revenue increase
Apple posted quarterly revenues of $39.2bn (£24.1bn) for the second quarter ended March 31, up from $24.7bn (£15.2bn) last year. Net profit for the period was $11.6bn (£7.1bn), almost double last year’s income of $6bn (£3.7bn). International sales accounted for 64% of revenue during the quarter. $4.4bn (£2.7bn) in revenue ...
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News
Target's Canadian plans under government review
General merchandise retailer Target’s plan to enter Canada is being reviewed by the government to decide if books and other cultural ranges have enough Canadian content.Target spokeswoman Lisa Gibson said that this analysis will concentrate on books, DVDs, music and magazines as the government is committed to making sure investments ...
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News
Seven & I Holdings posts 20% profit for year
Convenience store operator Seven & I Holdings has posted a 20% rise in operating profit to ¥292.1bn (£2.41bn) for the full year ended February 29, 2012. Net profit increased 16% to ¥129.8bn (£1.07bn), however net sales fell 11.4% to ¥4.01 trillion (£33.03bn) mainly due to a change in accounting methods ...
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NewsPotential Tesco Fresh & Easy exit branded 'corporate vandalism'
Tesco exiting the US would represent “corporate vandalism”, the City has said.
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AnalysisBest Buy rethinks big-box strategy as it records a loss
On March 29, US-based electronics specialist Best Buy reported staggeringly poor profits for its 2011 financial year.
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News
Food Lion to launch new brand strategy
Delhaize Group-owned Food Lion is to launch a new brand strategy in 268 stores throughout Virginia, West Virginia and North Carolina. The new approach includes lower prices on 6,000 items in stores while continuing to offer affordable private-label products.Food Lion expects to roll out the strategy to between 600 and ...
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AnalysisNew York: The big appeal
New York’s ever-changing retail landscape comes up trumps with global flagships and digitally connected cafes. John Ryan reports.
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News
Decrease in net sales for computer games retailer GameStop
Computer games retailer GameStop’s net sales fell 3% to $3.58bn (£2.25bn) for the fourth quarter ended January 28. Net income dropped to $174.7m (£109.6m) from $237.8m (£149.2m) a year earlier due to significant charges and lower sales. Like-for-like sales fell 3.6%. The retailer said it expected its 2012 results to ...
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News
Drugstore operator CVS plans 25 Beauty 360 store closures
Drugstore operator CVS plans to close all 25 stores of its fledgling beauty business Beauty 360 by May 19. The Beauty 360 ecommerce business will also cease operations on the same date.CVS director of public relations Erin Pensa said the company “has made the decision to refocus our efforts on ...
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News
Zara launches global concept store in New York
Inditex-owned clothing retailer Zara has launched a global concept store in New York with revamped architecture and a new interior design scheme.The store, at Fifth Avenue and 52nd Street, is the retailer’s largest in the US, comprising more than 32,300 sq ft spread over three floors.The store design emphasises simplicity ...
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News
Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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News
Lowe’s uses Vitrue to link Pinterest and Facebook pages
Lowe’s has linked its Pinterest presence to its Facebook page through a new tool from social marketing firm Vitrue, it has been reported.A custom Pinterest tab on the Lowe’s Facebook page automatically pulls content and activity from its Pinterest site.Fans can see the home improvement chain’s various Pinterest boards, become ...
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News
Foot Locker updates strategic plans
Foot Locker has updated on its strategic plan for the period 2012 to 2016. In 2010, the retailer outlined a five-year plan to achieve sales of $6bn (£3.84bn) and $400 (£256) sales per gross square foot, up from $360 (£230) that year. Foot Locker has set out new financial objectives ...
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News
Target plans fresh food addition to stores
Target plans to add fresh food to more than 100 stores this month. The remodels will result in a new 10,000 sq ft grocery department featuring fresh produce, fresh packaged meat and pre-packaged baked goods in addition to dry and frozen offerings. The revamps will be the first of three ...
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GalleryIn pictures: First pictures of Zara’s global flagship in Fifth Avenue
Zara opens a “global flagship” on New York’s Fifth Avenue tomorrow (March 15th 2012).
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GalleryTopshop Las Vegas store opens
Billionaire tycoon Sir Philip Green’s Topshop has brought British style to the party town of Las Vegas with the opening of a flagship store in the US city yesterday.
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News
Best Buy to lauch Perfect Match Promise
Best Buy is to launch its Perfect Match Promise, which consolidates the electricals retailer’s service offerings.The initiative dubbed ‘30.30.30’ in that customers get 30-day free phone support to get a product up and running, 30 days to return with no restocking fees and 30 days of competitor price matching.Senior vice-president ...
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AnalysisPinterest: What do retailers need to know?
The image-based social media site allows retailers to build their online brand presence.
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News
Neiman Marcus tests new iPhone app
Luxury department store operator Neiman Marcus is testing a new iPhone app to help enhance the relationship between staff and shoppers.Users can find out which sales associates are on duty at a store. Likewise, when a customer checks in to a particular store, sales associates are notified and can access ...