All USA articles – Page 25
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NewsClarke: ‘Good enough’ is not good enough
Tesco chief executive Philip Clarke has pledged a return to retailing excellence at the grocery giant’s flagship UK business through renewed focus on the customer.
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Nordstrom purchases online clothing brand
Upmarket department store group Nordstrom has purchased Bonobos, an online brand that sells custom-fit men’s clothing, at a reported cost of $16.4m (£10.3m). In addition to the funding, Nordstrom will sell Bonobos clothing at some of its stores and on its website.The deal with Nordstrom marks the first time Bonobos ...
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Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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Joe Fresh unveils flagship New York store
Joe Fresh, the clothing retailer owned by Canada-based grocer Loblaw, has launched its flagship clothing store on Fifth Avenue in New York. The opening comes after the retailer decided last year to roll out beyond its home market, unveiling five shops in New York and New Jersey. The flagship is ...
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Best Buy chief executive resigns
The chief executive of US electricals giant Best Buy has resigned after the retailer’s recent poor performance. Best Buy said it was a mutual decision for Brian Dunn to step down and it was “time for new leadership to address the challenges that face the company”. The retailer has struggled ...
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Michaels Stores seeks expansion
Arts and crafts retailer Michaels Stores aims to raise $500m (£320m) in an initial public offering.Using cash raised, the retailer sees the potential for 1,500 stores in North America, including new formats for smaller and urban markets. Michaels also said that it will specifically target Hispanic customers with classes in ...
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OpinionMaking a difference
Things are changing in New York stores, but is it a pattern that we’re seeing in the UK?
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Nordstrom to invest £229m in technology
Nordstrom will spend $375m (£229m) or 15% of its planned capital expenditure on improving its technology up to 2016. The money will be primarily used for ecommerce. Chief financial officer Michael Koppel said: “Unlike investments in store expansion, investments to improve ecommerce tend to impact the profit and loss numbers ...
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AnalysisExpress format could be challenging for Walmart
The world’s largest retailer embarked on its small-store strategy in the US last week by opening its first Walmart Express in Gentry, Arkansas.
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AnalysisHow can retailers crack China?
China is now the second biggest economy in the world. Rebecca Thomson looks at the numbers and considers how retailers can reap rewards from this global superpower.
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AnalysisWalmart China takes a hit as two top executives quit
Walmart has said that two senior executives at its Chinese operation, chief financial officer Roland Lawrence and chief operating officer Rob Cissell - formerly of B&Q and Robert Dyas - have resigned.
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OpinionA question of entertainment
It seems like entertainment retailers are under siege from all directions.
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NewsSignet insists it will keep investing in UK
Signet chief executive Mike Barnes insists the jewellery giant will continue to invest in the UK, despite reports it is mulling a sale of the UK business, which includes H Samuel and Ernest Jones.
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Opinion
N Brown overlooked
While the etail era has made online outfitter Asos a share price star, another retailer well placed to benefit from changing shopper habits has been overlooked.
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AnalysisJacqueline Gold
Despite its latest campaign upsetting M&S, Ann Summers boss Jacqueline Gold has no plans to tone down the retailer’s tongue-in-cheek appeal.
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NewsTesco’s candour impresses City
The City was impressed with Tesco chief executive Phil Clarke last week when he delivered his first full-year results, although sales slipped slightly by 1.28% on the day.
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NewsAnn Summers to move overseas once global economy improves
Ann Summers is eyeing international markets to expand its lingerie and sex toys business.
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AnalysisBest Buy returns to the basics in its bid for growth
Electronics retailer Best Buy has struggled of late and has outlined three new strategic priorities, which it believes will help it capture new growth opportunities in key categories and channels, fund growth efforts through structural opportunities and improve returns.
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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.