All North America articles – Page 37
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News
Walmart to roll back health care coverage
Walmart is significantly rolling back health care coverage for part-time workers while raising premiums for many full-time employees. All future staff who work less than an average of 24 hours per week will no longer qualify for any of the company’s health insurance plans.Additionally, new workers who average 24 to ...
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Neiman Marcus looks to cater for the Chinese consumer market
Department store retailer Neiman Marcus has said it is looking to expand into the Chinese consumer market, initially looking to cater to Chinese residents who travel to the US.Neiman Marcus Stores executive vice-president Neva Hall said that the company is tapping the expertise gained by its staff in gateway cities ...
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News
Gap announces plans to shut a fifth of its stores
Fashion retailer Gap has announced that it plans to shut more than a fifth of its Gap stores in North America over the next two years. The retailer recognised that it had expanded to such an extent that the US market became oversaturated with its stores. As a result, Gap ...
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OpinionInternational growth remains a priority for retailers
Very few retailers today can boast a slot on the global retail rankings without in fact having an international presence.
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Discount retailer Target launches limited-edition collection
Discount retailer Target is partnering with designer Josie Natori to launch its first limited-edition collection of lingerie and loungewear. The Josie Natori for Target range will appear in two seasonal instalments, the first of which will be available from the end of October in time for the Christmas season. The ...
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AnalysisToys R Us focuses on key trends as Christmas looms
Toys R Us has revealed the four top trends that it expects to influence toy sales in the months leading up to Christmas.
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Walmart announces resignation of key executives
Walmart has announced the resignation of key executives from its online business. Eduardo Castro-Wright, vice-chairman of global sourcing operations, is to retire in July and Wan Ling Martello, vice-president of ecommerce, is to leave the company to take up a new position at Nestlé. The departures come amid a drive ...
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Rite Aid plans introduction of iPad tablets to stores
Drugstore operator Rite Aid plans to introduce iPad tablets to 300 stores in 2012 following positive customer feedback. Rite Aid brought the iPads to 40 stores this year and they are being used by the chain’s Wellness Ambassadors – trained sales associates who provide customers with information on over-the-counter medications. ...
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Blockbuster launches subscription movie service
Blockbuster has launched its own subscription movie service which it claims will compete against rival Netflix. Blockbuster Movie Pass will be available from October 1 for a monthly subscription of $10 (£6.40). The service includes DVD movies, TV shows and video games. It will be launched initially to customers of ...
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News
Bed Bath & Beyond reports net sales increase
Home furnishings retailer Bed Bath & Beyond has reported net sales for the second quarter ended August 27, 2011 increased by 8.3% to $2.3bn (£1.5bn). Like-for-like store sales in the financial second quarter of 2011 increased by approximately 5.6% compared with the period the year before. Net earnings grew by ...
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AutoZone reports net sales increase
AutoZone has reported net sales for the financial year ended August 27, 2011 increased by 9.6% to $8.1bn (£5.2bn). Same-store sales rose by 6.3% while net income was up by 15% to $848m (£547m). Fourth quarter net sales climbed 8.1% to $2.6bn (£1.7bn) while same-store sales grew by 4.5%.Bill Rhodes, ...
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Lev Khasis joins Walmart
International grocer Walmart has appointed Lev Khasis as senior vice-president and chief leverage officer.Khasis is the former chief executive of Russia’s largest retailer, X5 Retail Group. He will report directly to Doug McMillon, who heads Walmart’s international division, and will be responsible for integrating new retail acquisitions and combining purchasing ...
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GalleryThe streets of San Francisco
A small area in the centre of San Francisco has all of the major US brands that characterise the country’s retail activity. They are also where US retail puts its best West Coast foot forward. By John Ryan
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News
Best Buy launches online Marketplace
Electronics retailer Best Buy has launched an online Marketplace in the US.The service offers products from third-party sellers in order to expand the range of items and brands available on Bestbuy.com.Overall, Best Buy Marketplace will increase the number of products available through the company’s website by about a third.
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News
Toys R Us reports net sales growth
Toy retailer Toys R Us has reported a 3% growth in net sales for the second quarter ended July 30, driven by store openings and favourable exchange rates at its overseas operations.However, like-for-like sales fell 2.2% in the US and international markets. The company widened its net loss to $34m ...
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AnalysisZara aims to use the web to crack the US market
Last week, Inditex, the world’s leading clothing specialist, launched a transactional website for its Zara chain in the US.
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Uniqlo to open its largest global flagship store
Japanese clothing retailer Uniqlo, owned by Fast Retailing, is to open its largest global flagship store on Fifth Avenue in New York on October 14. This will be followed one week later by a similar store on 34th Street, New York on October 21. The retailer opened its first global ...
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News
Dollar General launches ecommerce site
Discount retailer Dollar General has launched an ecommerce site to allow it to reach customers outside its 35-state market. It offers both brand name and private label merchandise, including health and beauty products, cleaning supplies, baby items, toys, holiday merchandise, home decor, stationery and snacks. The site also has online-exclusive ...
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Jim Sinegal to step down from chief executive role at Costco
Warehouse club operator Costco revealed that Jim Sinegal will step down from his role as chief executive on January 1, 2012. He founded the company with Jeff Brotman, currently chairman of the board, in 1983. Sinegal will be succeeded by Craig Jelinek, who at present serves as president and chief ...
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NewsJohn Lewis’s name spreads overseas
Thanks to Barracuda’s Jamie Zuppinger for this picture of the John Lewis store on Newbury Street in Boston, Massachusetts.