All North America articles – Page 27
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OpinionComment: The US is still a land of opportunity
On the assumption that the world has not ended today, and that Retail Week is still being read beyond Bugarach, attention will carry on being devoted to transatlantic developments.
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News
Drugstore retailer CVS anticipates "solid enterprise growth"
Drugstore retailer CVS anticipates “solid enterprise growth” for the 2013 financial year, with net revenue growth increasing from 0.75% to 2%. Retail pharmacy net sales growth is expected to be in the 1.25% to 2.5% range, with like-for-like sales gains of 0.25% to 1.5%.
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AnalysisAnalysis: Who is Apollo Global Management?
Investment specialist Apollo Global Management acquired 10% of HMV’s debt from Allied Irish Banks last week which some are predicting could signal intention of a takeover. Retail Week takes a look at the company.
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AnalysisAnalysis: Why have UK retailers struggled to crack America?
As Tesco looks set to exit the US, Retail Week takes a look at why British retailers have found it a tough market to crack.
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News
Barnes & Noble reports revenue decrease
Bookseller Barnes & Noble reported revenue fell 0.4% to $1.9bn (£1.18bn) in its second quarter to October 27.The retailer recorded a net profit of $2m (£1.2m) against a net loss of $7m (£4.4m) in the same period last year.Retail sales from Barnes & Noble stores and BN.com fell 3% to ...
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NewsPhilip Clarke set to axe loss-making Fresh & Easy
Tesco chief executive Philip Clarke has nailed his colours to the mast with the launch of a strategic review of the retailer’s loss-making US business, Fresh & Easy, and the departure of highly regarded deputy chief executive Tim Mason.
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News
Walmart reports successful Black Friday promotion
The retailer revealed it sold 1.8 million towels, 1.3 million TVs, 1.3 million dolls and 250,000 bicycles.Walmart ran three Sales events at 8pm and 10pm on Thanksgiving evening and from 5am on Black Friday itself.
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News
Apple launches eBay store
Consumer electronics specialist Apple has launched a store selling refurbished devices on eBay.The trial has been kept under wraps and has not been publicised by the retailer. The products are sold for the same price as equivalent items in Apple’s refurbished store on Apple.com.While Apple charges a sales tax in ...
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News
Walmart reports third quarter sales rise
Sales at Walmart in the third quarter ended October 31 rose 3.4% to $113.2bn (£71.15bn). Net income increased 4% to $6.1bn (£3.83bn).Walmart Stores president and chief executive Mike Duke said: “Price will continue to be a major factor for US customers over the holidays. Across all of our markets, we ...
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News
Target reveals US retail sales increase
General merchandise retailer Target revealed that US retail sales rose 3.4% to $16.6bn (£10.43bn) for the third quarter ended October 27.The increase was attributed to a 2.9% lift in like-for-likes as well as the contribution from new stores. Like-for-like increases were driven by a strong back-to-school season, gains in food ...
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News
Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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News
GameStop to close 200 stores
Entertainment retailer GameStop has told investors it plans to close 200 of its less profitable stores over the next year.Chief executive Paul Raines explained that around 2% of GameStop’s US stores and 5% of its international stores are unprofitable at present. The retailer posted better-than-expected results for its third quarter ...
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News
Department store group JC Penney reports net sales decline
Department store group JC Penney reported a net loss of $123m (£77.5m) for its third quarter to October 27, a 14% improvement from $143m (£90.1m) in the comparable period in 2011.Net sales declined by 26.6% to $2.93bn (£1.85bn) from $3.99bn (£2.51bn), while like-for-likes fell 26.1%. During the quarter the retailer ...
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News
Whole Foods Market launches travel company
Organic grocery retailer Whole Foods Market has launched a travel company aimed at active food lovers who want to experience “what travel should taste like”.The venture, called Whole Journeys, offers 11 itineraries in Europe, China and the US and will run trips from April next year.Tours, which last from five ...
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AnalysisInternational analysis: US retailers gear up for Black Friday Sales frenzy
As the US national holiday of Thanksgiving (November 22) fast approaches, retailers Stateside are gearing up for one of the biggest Sales, and indeed shopping, days of the year.
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NewsWiggle targets US with dotcom launch
Bikes etailer Wiggle is targeting US sales with the launch of a Wiggle.com site.
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AnalysisAnalysis: What attracts international retailers to the UK?
International retailers seeking property in the UK must vie for the perfect spaces to showcase their brands. So what attracts overseas newcomers looking to British shores, and which areas can tempt them beyond the high-end draw of the West End?
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News
Fashion retailer Gap reports sales increase
Sales at Gap increased 8% to $3.86bn (£2.4bn) during its third quarter ended October 27. The retailer reported a 6% rise in like-for-like sales, against a 5% decrease in the same period last year.Like-for-likes in North America rose 7% across Gap, Banana Republic and Old Navy, but fell 3% internationally.For ...
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News
Walmart to install 10,000 additional SelfServ checkouts
Walmart is to install 10,000 additional SelfServ checkouts from specialist NCR to more than 1,200 US stores next year.The initiative is designed to improve the customer experience and offer shoppers more choice about how they check out. The retailer has been deploying NCR’s self-checkout solutions for more than 10 years.“Our ...
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News
Amazon records third quarter net loss
Amazon recorded a net loss of $274m (£170.1m) for its third quarter ending September 30, against a net profit of $63m (£39.1m) a year earlier. Sales rose 27% to $13.81bn (£8.57bn).It was Amazon’s first quarterly loss since 2003 and included a charge of $169m (£104.9m) related to writedowns at daily ...
