All North America articles – Page 36
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News
Walmart introduces first social shopping app
Walmart has introduced the first social shopping app from its recently formed @WalmartLabs division. Known as Shopycat, the tool allows Facebook users to find gifts for friends and family based on the interests posted on their profiles. It then recommends items from Walmart’s stores, Walmart.com and other sites including RedEnvelope, ...
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News
Foot Locker reports net income increase
Foot Locker reported that net income for the third quarter ended October 29 was $66m (£42m), up from $52m (£33m) for same period last year. Net sales were $1.39bn (£892m) compared with $1.28bn (£822m).Foot Locker chairman and chief executive Ken Hicks said: “I am pleased to report our seventh consecutive ...
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News
Collective Brands reports net loss
Collective Brands reported a net loss of $114.3m (£73.4m) in its third quarter. Net sales were $894.4m (£574.2m), up 1.4% compared with the previous year. At Payless in the US, like-for-likes declined 3.7% while quarterly operating profit was $15.4m (£9.9m) compared with $68.8m (£44.2m) in 2010. Payless International net sales ...
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Net sales increase for Walmart
Walmart disclosed that net sales in its third quarter rose 8.2% to $109.5bn (£70bn). Operating income grew by 4.8% to $5.9bn (£3.77bn). Net sales at Walmart US increased 2.7% to $63.8bn (£41bn) while like-for-likes turned positive after nine consecutive quarters of declines. Meanwhile, Walmart International reported that net sales on ...
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News
Dollar Tree reports net sales increase
Discounter Dollar Tree has reported an 11.9% rise in consolidated net sales to $1.6bn (£1.02bn) for the third quarter ended October 30. Like-for-like sales increased 4.8%, following an 8.7% improvement for the third quarter in 2010. During the period, the retailer opened 98 stores, closed five and expanded or relocated ...
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News
Net income rise for Abercrombie & Fitch
Clothing retailer Abercrombie & Fitch’s third-quarter results showed net income rose by 2% to $50.9m (£32.5m) while revenue soared 22% to $1.08bn (£690.3m). Revenue from stores open at least one year climbed 7%, including gains of 4% at Abercrombie & Fitch, 6% at Abercrombie Kids and 8% at Hollister. The ...
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NewsArcadia takes margin hit as it shoulders VAT rise
Topshop-owner takes heart from young fashion, online and overseas despite fall in profits
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AnalysisOffice specialists seek to reinvent themselves
Few retail channels have suffered as much in recent years (well, possibly with the exception of the entertainment players focused on music and books) as the office specialists.
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News
Sears reports decrease in total revenue
Retailer Sears has reported a 1.2% fall in total revenue to $9.6bn (£6.1bn) for the third quarter ended October 29. The decline was primarily the result of a 0.8% drop in domestic like-for-like sales and a 7.8% fall at Sears Canada. It was also the effect of having fewer Kmart ...
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News
US grocer Stop & Shop to unveil new concept store
Ahold-owned US grocer Stop & Shop will unveil a new concept store featuring a greater selection of products and innovative features in Massachusetts. The store has been designed to better serve the needs of the local community. New services include an in-store nutritionist, supervised children’s play area, roadside pick-up and ...
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GalleryFrancesca’s Collections, Paramus, New Jersey
Look carefully and then look again. It’s an independent fashion store, right?
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News
Walmart launches apps for iPhone and iPad
Walmart has launched two new apps for the iPhone and iPad in its home market. The grocery and general merchandise retailer says they will enable “millions of customers to enjoy an enhanced, seamless shopping experience across Walmart’s 3,800 US stores and Walmart.com through mobile devices”.The apps are the first to ...
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News
Kroger tests new checkout system
Grocery retailer Kroger is testing a new type of checkout system called Scan-Bag-Go at a store in Kentucky. It is a handheld wand that shoppers wave at product barcodes as they shop, tallying the total amount at the same time. A smartphone version is also being tested, enabling customers to ...
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News
Sears launches mobile shopping walls
Department store group Sears has launched mobile shopping walls across the country at airports, malls, movie theatres and bus shelters.The walls allow customers to buy Sears and Kmart toys through their mobile devices using QR codes. They feature the company’s top toys and corresponding QR codes deliver shopper product information, ...
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News
Amazon offers to handle sales tax for sellers
Amazon is offering to handle sales tax for its sellers despite years of fighting state regulators. The internet retailer aims to profit by claiming a fee equivalent to 2.9% of the taxes collected. The optional service is to roll out on February 1, 2012 and will be offered to Amazon ...
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News
Abercrombie & Fitch reports net sales increase
Casualwear retailer Abercrombie & Fitch has reported net sales of $1.1bn (£685.4m) for the financial quarter ended October 29. That represents a 21% increase from net sales of $885.8m (£551.9m) for the same quarter in 2010.However, the retailer said that sales fell at European flagship stores last quarter as a ...
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News
Potential to operate stores in existing countries, says TJX
Off-price retailer TJX has said that it believes there is potential to operate 4,200 to 4,500 stores in its existing countries versus the 2,913 estimated to be in operation by the end of this financial year.The company is looking to have between 300 and 325 stores in the UK and ...
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News
Sears announces launch of new digital local ad programme
Sears has announced the launch of its new digital local advert programme at Sightssearslocalad.com and Kmartlocalad.com.The sites offer shoppers current pricing and promotions as well as real-time stock checks for their local Sears or Kmart store. They also allow customers to shop by category and create item lists that can ...
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News
99 Cents Only Stores reports sales increase
Discount retailer 99 Cents Only Stores has reported that sales for the second quarter ended October 1 rose 8.8% to $363m (£226m) compared with $334m (£208m) for the prior year period.Total retail sales were $352m (£220m) against $323m (£202m), while like-for-like sales increased 6.7%. The number of like-for-like sales transactions ...
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News
Walmart to shut apparel office in New York
Walmart is to shut its apparel office in New York to reduce costs and concentrate on more basic clothing.The office has about 275 workers in areas including product development and buying. These functions will be transferred to Walmart’s home town of Bentonville, Arkansas by February next year.Walmart US chief executive ...