All North America articles – Page 28
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News
Grocer Kroger to test shopper reward app
Grocer Kroger will test an app from software company Earn & Play that rewards shoppers with cash and discounts for playing games during grocery store visits. Customers will be able to open the app when they go shopping and select a particular aisle or product. The app will then ask ...
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Quidsi to launch two new ecommerce sites
Amazon-owned Quidsi is to launch two new ecommerce sites targeting busy parents.Afterschool.com will offer 50,000 products ranging from baseball bats and ballet shoes to art supplies. Bookworm.com will offer children’s books.Both sites offer free shipping on orders of more than $49 (£30.55). They complement existing Quidsi ecommerce sites, which include ...
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Target to offer price-matching in bid to compete with online retailers
General merchandise retailer Target will offer price-matching during the holiday season to compete with online retailers.The initiative will run from November 1 to December 16 and will include Amazon.com, Walmart.com, Bestbuy.com, Toysrus.com and Babiesrus.com.
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Amazon in acquisition talks with bookseller Saraiva
Amazon is in acquisition talks with Brazilian bookseller Saraiva, according to sources.Saraiva is based in São Paulo and sells through stores and online. It is thought Amazon could leverage the deal to establish itself in the fast-growing Brazilian ecommerce market.Amazon declined to comment.
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Grocer Kroger reveals future growth streams
Grocer Kroger has revealed it intends to pursue several future growth streams, including new store expansion – adding stores in both existing markets as well as entering new territories. It also plans to test new formats and enhance its multichannel capabilities. While most growth will be organic, the retailer has ...
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Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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Kohl’s strikes partnership with designer Derek Lam
Kohl’s has struck a partnership with designer Derek Lam, who will be the second contributor to the retailer’s DesigNation limited edition collection.Kohl’s chairman, president and chief executive officer Kevin Mansell said: “On the heels of announcing our first DesigNation collection that will launch on November 7 with Narciso Rodriguez, and ...
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RadioShack chief executive James Gooch steps down
RadioShack has announced that chief executive James Gooch has stepped down with immediate effect. The board is looking for an executive search firm to find his successor.It has not ruled out hiring internally.Executive vice-president and chief financial officer Dorvin Lively will be interim chief executive.
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Staples unveils plans to accelerate growth
Staples has unveiled plans to serve customers better and accelerate growth. The retailer will expand beyond office supplies and improve its multichannel provision by merging its US Retail and Staples.com divisions.Staples plans to close 30 stores and downsize 30, a reduction in square footage in North America of 15%, by ...
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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Amazon to recommence selling wine
Amazon intends to start selling wine again after it abandoned previous plans to enter the wine market three years ago.Meanwhile, Amazon’s Quidsi subsidiary in the US has unveiled an ecommerce site offering natural, organic and sustainably made products. Vine.com sells products ranging from skincare to ambient grocery, furnishings and electronics. ...
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Best Buy develops location-based shopping app
Electronics retailer Best Buy has developed a location-based shopping app with eBay-owned RedLaser.Best Buy is the first retailer to ‘geo-fence’ its locations, enabling shoppers to see special offers, browse open-stock items and view products relevant to them when they walk into a store.Online Best Buy shoppers can also research and ...
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Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsAmerican Greetings boss bids to take company private
American Greetings, owner of Clinton Cards, has received a $580m (£358.2m) bid from a group led by its chief executive to take the company private.
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Walmart launches health food programme
Walmart has launched a health food programme with HumanaVitality, a subsidiary of the Humana healthcare company.The Vitality HealthyFood scheme offers members an incentive to purchase healthier foods by offering a 5% discount on items awarded Walmart’s ‘Great For You’ symbol.The scheme is due to begin on October 15.Shoppers can join ...
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Ritz Camera wins court permission to liquidate business
Specialist retailer Ritz Camera has won court permission to liquidate the business after failing to find a buyer. In 2009 the retailer’s founding family bought it out of bankruptcy but has since failed to turn the retailer around.Earlier this month an auction was held with the aim of either selling ...
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JC Penney to bring back its ‘Free haircuts for kids on Sunday’
Department store group JC Penney is bringing back its ‘Free haircuts for kids on Sunday’ promotion from November 4.The retailer believes that the free haircut scheme, for children from kindergarten age up to 12 years old, will help bring new customers into stores as well as attract existing shoppers.
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AnalysisInternational analysis: Best Buy aims to stabilise as clock ticks on buyout
US consumer electronics specialist Best Buy has reached an agreement to satisfy recent requests from founder Richard Schulze in connection with his offer to take the retailer private.
