All North America articles – Page 39
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News
Grocer Albertsons to banish self-checkouts
Grocer Albertsons is to banish self-checkouts from all of its stores in a bid to increase its customer service offer. Due to the costs involved with flooring and conduits, the retailer will be removing the self-checkout lanes relatively slowly, in line with the current store remodelling programme.In some stores, the ...
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News
Tengelmann Group to withdraw from US
Germany-based Tengelmann Group is apparently looking to withdraw from the US after 32 years of operation by selling its stake in bankrupt grocer A&P.Tengelmann joint chief executive Christian Haub said: “From today’s point of view, it seems rather unlikely that we will continue to hold a stake in A&P.”Tengelmann is ...
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News
Kroger to concentrate on existing markets
David Dillon, chief executive of US grocer Kroger, has said the retailer will concentrate its efforts on pushing sales at existing stores, rather than seek to enter new markets or make acquisitions. Speaking at the company’s AGM, Dillon said even though several small chains had been snapped up in recent ...
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News
Rite Aid reports level revenue
Rite Aid has reported revenues of $6.4bn (£4.01bn) for the first quarter ended May 28, unchanged on the figure for last year’s first quarter.Like-for-like sales increased 0.8% as front-end like-for-likes were flat and pharmacy like-for-likes rose 1.1%.Net losses were $63.1m (£39.6bn) compared with last year’s first quarter net loss of ...
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NewsMacy’s begins shipping to UK
US department store chain Macy’s is making a play for the UK as it opens up its website to customers here
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News
Whole Foods Market sets sight on store growth
Whole Foods Market sees the potential to more than triple its number of US stores, co-chief executive Walter Robb has said. Robb feels Whole Foods can grow its domestic store base from about 300 currently to 1,000 in the longer term.In Canada, the retailer is also looking to ramp up ...
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News
US Supreme Court throws out major suit
The US Supreme Court has thrown out a major employment discrimination class-action suit against Walmart that sought billions of dollars on behalf of about 1.5 million female workers. It signalled it wanted job bias disputes handled in the workplace and not the courts. The court did not decide whether Walmart ...
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News
Kroger reports 11% sales increase
Supermarket chain Kroger reported an 11% increase in sales (including fuel) to $27.5bn (£17bn) for its first quarter ended May 21. Excluding fuel, sales increased by 4.8% over the same period last year. A 4.6% increase in like-for-like sales together with cost savings boosted net profit 15.6% to $432.3m (£267.4m). ...
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News
Best Buy records a 1.7% fall in sales
Electricals giant Best Buy recorded a 1.7% fall in like-for-like sales during its first quarter ended May 28. Total sales grew by 1.4% to $10.9bn (£6.74bn ), but fell 0.8% in the US domestic market to $7.86bn (£4.86bn).Internationally the picture was better, with sales up 7.6% to $3.08bn (£1.9bn), or ...
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NewsGap remodels Old Navy
Clothing retailer Gap is to remodel its discount clothing chain Old Navy, abandoning its surplus feel in favour of a more modern lookThe new store arrangement organises clothes into areas based on outfit types to encourage more impulse purchases.Store designers have moved the checkout area and changing rooms to the ...
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News
Dollar General reports like-for-like sales
Dollar General has reported like-for-like sales up 5.4%, with sales increasing 10.9% to $3.45bn (£2.1bn) for the first quarter ending April 29.
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News
Walgreen acquires Drugstore.com
Walgreens has completed its acquisition of Drugstore.com following a vote of approval from the company’s shareholders.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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Analysis
Gap needs fresh approach to reverse domestic fall
Gap chief executive Glenn Murphy has given himself five months to stop years of bleeding at the eponymous brand.
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NewsOverseas helps Clarks profits to break £100m
Clarks’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.
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AnalysisThe Sainsbury's plan for growth
Sainsbury’s has defied the odds by having a good recession, now it’s on the expansion trail, Tim Danaher finds out more about its plans.
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NewsMydeco ramps up overseas expansion
Furniture and homewares etailer Mydeco.com is eyeing further international markets as it seeks to widen its customer base.
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News
Software optimises Boden’s content
Fashion etailer Boden has increased sales and conversion rates after installing software to help it find the optimum way of presenting its content.
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AnalysisUS expansion
The US market is experiencing a flurry of activity from UK retailers, but what makes this current crop of American adventurers different?