All USA articles – Page 34
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News
Avon plans job cuts
Mail order and door-to-door beauty specialist Avon is planning to cut 1,200 jobs over the next four years in a major cost-saving drive.The retailer expects to take on a second-quarter charge of about $90m (£54.5m) for its restructuring plan. The overhaul – which includes focusing on streamlining the business and ...
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NewsAmazon takeover to open Zappos up to new markets
E-tailer Zappos has been a household name in the US for some time. The shoe specialist has been on a phenomenal growth path, with sales skyrocketing from $1.6m (£969,820) in 2001 to more than $1bn (£606.1m) last year.
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Wal-Mart develops worldwide sustainable product index for suppliers
Wal-Mart is developing a worldwide sustainable product index for suppliers in an attempt to establish a single source of data for evaluating the sustainability of products.The initiative will run in three phases: surveying its more than 100,000 suppliers; helping create a consortium of universities that will collaborate with suppliers, retailers ...
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PetSmart considers expanding its services
PetSmart, America’s largest pet store chain, is considering an expansion into in-home services, including dog walking and setting up home aquariums, in an effort to distinguish itself from retailers such as Wal-Mart.PetSmart is in the early stages of developing ways to provide the services, according to the retailer’s new chief ...
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NewsRelief for US retailers as lender avoids collapse
Embattled US retailers faced a potentially crippling hammer blow last week as bank CIT Group teetered on the edge of bankruptcy.
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Golden Gate Capital agrees to buy Eddie Bauer Holdings
Private equity firm Golden Gate Capital has agreed to buy Eddie Bauer Holdings for $286m (£172.9m) in cash after an auction for the bankrupt US outdoor and fashion retailer. US-based Golden Gate said that it has agreed to keep open most of Bauer’s 370 stores in the US and Canada.Bauer, ...
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NewsUS denim brand True Religion to open first UK stores
US designer denim brand True Religion is to kick off a European standalone store opening programme with a London opening planned for this year.
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Gap to launch in Thailand next spring
Gap will launch in Thailand next spring after signing a franchise agreement with Armin Systems. Gap also said that comparable store sales in June were down 10 per cent, while total sales fell 9 per cent to Story text.29bn.Store sales for Banana Republic in North America fell the most on ...
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Department stores' sales suffer in June
Department stores have revealed lacklustre sales in June.Neiman Marcus reported total sales fell 19.4 per cent during the five-week period. Sales declined to $323m from $401m (£200.7m from £249.1m) the year before. Like-for-like sales at the group, which also includes Bergdorf Goodman, fell 21 per cent.Macy’s posted a 9 per ...
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Kmart launches money-off initiative for the unemployed
Kmart has launched a money-off initiative for the unemployed in its original home state of Michigan.The general merchandiser’s Smart Assist Savings Scheme entitles the jobless to discounts of 20 per cent on own-label basics such as baby products, groceries and toilet roll.Shoppers registered as unemployed are entitled to discount cards ...
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Wal-Mart customers to vote on what products are stocked
Wal-Mart customers will be able to vote on what products the retail giant stocks as part of a new initiative due to launch in the autumn.Shoppers will be able to vote on non-perishables in an effort to empower customers and ensure it stocks the right products. The customers to vote ...
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GalleryStore of the week: Michael Kors, New Bond Street
American fashion brand and retailer Michael Kors has dipped its toe in the distinctly chilly waters of standalone stores with the opening of its first UK shop, in a unit on New Bond Street.
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NewsMysears.com: Sears adopts OpenID platform
US retail giant Sears has adopted the OpenID platform to more closely connect the social networking sites it runs for its Sears and Kmart chains with sites such as Facebook, Twitter and MySpace.
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Meijer to test a smaller format grocers in Chicago suburb
Meijer is to test a smaller format grocery-focused shop in the Chicago suburb of Niles.The 102,000 sq ft shop is about half the size of most Meijer supercentres and will open in the first quarter of 2010. Alongside grocery, it will also have a pharmacy and some general merchandise. The ...
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Brian Dunn officially takes up Best Buy chief executive role
Brian Dunn has officially taken up the position of chief executive of Best Buy. Dunn, a 24-year veteran of the consumer electronics retailer, had been the president and chief operating officer. He succeeds Brad Anderson, who served as Best Buy’s vice-chairman and chief executive for seven years.Dunn joined Best Buy ...
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NewsTesco refutes global trade union claims
Tesco has refuted claims from an international trade union which criticised the grocer’s employment practices in some of its overseas markets.
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NewsWhole Foods refreshes UK flagship
US grocer Whole Foods Market has begun adapting the layout and product offer at its London flagship in an attempt to ramp up sales.
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NewsTesco brings touch of Britain to Fresh & Easy
Tesco has introduced some classic British favourites such as Marmite and Heinz baked beans at selected Fresh & Easy stores in the US.
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Barnes & Noble scales back its expansion plans
Bookseller Barnes & Noble has scaled back its expansion plans in the recession. America’s largest book chain by sales had planned to open 35 superstores this year, but now has only 15 in the pipeline. Most of these are replacing existing branches that have closed or are being relocated.Barnes & ...
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Petsmart appoints its president to chief executive role
Pets products retailer Petsmart has appointed its president and chief operating officer Bob Moran to the role of chief executive.Moran replaces Phil Francis, who will remain chairman and relinquish day-to-day control of the retailer. Francis will take on the more advisory role of executive chairman.Petsmart, which operates around 1,100 stores ...