All North America articles – Page 40
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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Couche-Tard drops pursuit of Casey's General Stores
Canada-based convenience store operator Couche-Tard has dropped its almost six-month-long pursuit of US convenience chain Casey’s General Stores. Couche-Tard said it had allowed its offer of $38.50 (£24.30) per share to expire - none of Casey’s common stock was purchased and all tendered shares will be returned promptly.“We have decided ...
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Kmart to expand own-brand portfolio with the introduction of new range
Sears-owned mass merchandiser Kmart has announced the expansion of its own-brand portfolio with the introduction of the Smart Sense line. The new private label includes a wide range of items from snacks and beverages to oral care, household cleaners and over-the-counter medications.According to the retailer, the Smart Sense line is ...
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Amazon launches first ecommerce storefront on Facebook for Pampers
Amazon has launched its first ecommerce storefront on Facebook, for nappy manufacturer Pampers. Under a ‘Shop Now’ tab on the Pampers Facebook page, people can buy nappies as well as other products from parent company Procter & Gamble (including Tide, Olay and Pantene products) through Amazon.Customers on the Pampers Facebook ...
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Couche-Tard reaches agreement with FTC over tender offer for Casey's General Stores
Convenience store operator Couche-Tard has reached an agreement in principle with the US Federal Trade Commission (FTC) in connection with its tender offer for Iowa-based Casey’s General Stores in the US. The agreement would permit Couche-Tard to acquire Casey’s, subject to the divestiture of certain convenience stores and service ...
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Rite Aid records 2.5% revenue increase in Q2 to £4.2bn
Drugstore retailer Rite Aid has reported revenues rose 2.5% in the second quarter to $6.2bn (£4.2bn). Like-for-like sales decreased 0.9% in the front end and 1.8% in the pharmacy business. Net loss was $197m (£134m), compared with last year’s second-quarter net loss of $116m (£74m), which was partly attributable to ...
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Ulta reports 17.6% sales increase to £219m
Beauty retailer Ulta has reported net sales increased 17.6% to $322m (£219m) for the second quarter ended July 31, 2010. Like-for-like sales increased 10.8% and net income increased 127.2% to $13.1m (£8.9m). Ulta chief executive Lyn Kirby said: “The results include a 10.8% like-for-like sales increase for the quarter, generated ...
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Blockbuster files for bankruptcy
Blockbuster in the US has filed for Chapter 11 bankruptcy protection after mounting losses, rising debt and stiff competition from retailers that have better catered to consumers’ evolving media habits.Blockbuster said business would continue as usual at its 3,000 US stores, but added it would evaluate the profitability of its ...
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Target to try smaller format store and expand outside general merchandise market
General merchandise retailer Target plans to open a new, smaller-format store in Seattle in 2012 and has plans to expand in 10 further markets, including San Francisco and Baltimore, in the next few years.The new store will cover about 90,000 sq ft, while its other urban concept stores will range ...
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NewsTed Baker to launch US transactional website
Quirky fashion retailer Ted Baker plans to ramp up its global presence with the launch of a US transactional website next month.
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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NewsNext strikes online partnership with US retailer Sears
Fashion group Next is to sell clothing online in the US in partnership with retail giant Sears.
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Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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Mall opening a first for Aldi in US
German hard discounter Aldi Süd has announced the opening of its first store located in an enclosed shopping mall in the US. The 20,000 sq ft store will open in May, 2011 at Westfield Chicago Ridge, Illinois.“We are pleased to partner with Westfield on this fresh new approach to shopping ...
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Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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Dollar General Q2 sales up 10.8%
Fixed-price retailer Dollar General has reported a sales increase of 10.8% to $3.21bn (£2.07bn), for the second quarter ending July 30.Like-for-likes increased 5.1%, with customer traffic and average transaction amounts contributing to the like-for-like increases. Net income was $145.1m (£93.9m) for the second quarter, compared with net income of $93.6m ...
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QVC to open New York pop-up store
TV shopping channel QVC is to open its first ever pop-up store in New York during fashion event Fashion’s Night Out. The store will open at 6pm on September 10 in the Rockefeller Center and will also broadcast live on TV on September 11 and 15.
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Meijer launches product locator app
Meijer has launched a product locator app called Find-it, built upon Point Inside’s mobile destination content platform. Shoppers will be able to see the location of more than 100,000 items in a Meijer store using their smartphones, eliminating the need to ask store employees where to find particular items. The ...