All USA articles – Page 30
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News
Walgreens Q3 sales up 6.1%
Drugstore operator Walgreens has reported $463m (£307m) net earnings for the third quarter ended May 31, down from $522m (£346.5m) in the same period of last year. Third-quarter sales increased 6.1% to a record $17.2bn (£11.41bn). Total sales in comparable stores increased 0.7%, while like-for-like store front-end sales increased 0.1%.Front-end ...
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Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...
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GalleryLimelight Marketplace, New York
Less of a store of the week and rather more of a destination of the month, Limelight Marketplace is the successful outcome of remodelling a former nightclub housed in a Gothic revival church.
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Toys R Us new Christmas tactic
Toys R Us is planning a new tactic to get consumers to spend this Christmas.The toy retailer has begun offering a ‘Christmas Savers Club’ that allows shoppers to save money with the company for holiday gifts.Participants will receive a card similar to a gift card and can contribute funds to ...
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Best Buy revenue 6.9% increase
Best Buy reported a 6.9% increase in revenue to $10.78bn (£7.26bn) for the first quarter ended May 29.
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Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
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CVS Caremark and Walgreens still working together
Following a very public spat last week, CVS Caremark and Walgreens have reached an agreement whereby Walgreens will continue participating in CVS’s Caremark pharmacy benefit management national retail network for existing, new and renewal plans.The companies are not disclosing the financial terms of the new contract.
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Costco lobbies Washington state for new liquor distribution laws
Costco is to lobby the Washington state government in an effort to shake up liquor distribution laws.
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NewsMamas & Papas enters US in Toys R Us tie-up
Nursery retailer Mamas & Papas has landed a deal with the world’s biggest toys and parenting specialist Toys R Us to launch the Mamas & Papas brand in the US through Babies R Us stores.
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Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...
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News
TJ Maxx set to open first store in Puerto Rico
Developer Diversified Realty has announced the signing of a lease for the first TJ Maxx in Puerto Rico, at Plaza del Norte, a large regional shopping mall located at Hatillo in the northwest of the country. The store is expected to open in spring 2011.“We are very pleased that TJ ...
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Dick's to open 50 stores in 2 years
Dick’s Sporting Goods plans to open about 25 stores this year and the same number next year. But the retailer could increase the number of openings if developers start building shopping centres again, chief executive Ed Stack said.Speaking after Dick’s Sporting Goods annual shareholders meeting, Stack said he was comfortable ...
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US Borders narrows loses
Borders has reported a reduced loss in its first quarter, but sales at the bookseller continue to decline as consumers shifted to digital media offered by rivals.The net loss narrowed to $64.1m (£44.3m) in the three months to May 1, from $86m (£59.5m) a year earlier. Revenue dropped to $547.2m ...
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Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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Toys R Us plans renewed float
Toys giant Toys R Us is set to become a public company again with plans to float for $800m (£548.6m).The retailer, which has 1,363 stores in 34 countries, including 75 in Britain, said it hopes to use some of the money raised to pay off a portion of its debt. ...
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Aldi to open first New York store
US German hard discount retailer Aldi Süd is planning to open its first New York City store at the Rego Park II shopping centre in Queens, in early 2011.Aldi Süd operates more than 1,000 stores in 31 states in the US, primarily from Kansas to the East Coast. Last year, ...
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Abercrombie & Fitch Q1 sales up 14%
Abercrombie & Fitch has reported first-quarter net sales up 14% to $687.8m (£457m). Total like-for-like sales increased 1%, while net loss for the quarter narrowed to $11.8m (£8m) from $59.2m (£38m) in the same period last year.During the remainder of the financial year, the retailer expects to open Abercrombie & ...
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Sears Q1 revenue flat
Sears Holdings’ total revenue for the first quarter of 2010 has hit $10bn (£6.6bn), flat against 2009.Favourable exchange rate benefits from the Canadian stores and a 1.5% increase in domestic like-for-like sales, were offset by the effect of having 63 fewer Kmart and Sears stores in operation.The domestic like-for-like sales ...
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Foot Locker Q1 sales up 5.3%
Foot Locker’s first-quarter sales increased 5.3% to $1.28bn (£900m) compared with the same period last year.Like-for-like sales increased 4.8%. Total sales for the first quarter increased 3%, excluding the effect of foreign currency fluctuations. Net income was $54m (£36m), compared with $31m (£20m) last year.