All North America articles – Page 30
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News
Walmart launches classroom supply lists online
Walmart has launched an online compilation of classroom supply lists for schools across the entire country.Classrooms by Walmart, introduced by the company’s @WalmartLabs division, enables parents to find their children’s classroom supply lists and purchase the items via Walmart.com or at their local Walmart store.According to Walmart, it is the ...
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Nordstrom finalises plans to set up shop in Canada
Department store group Nordstrom is finalising plans to set up shop in Canada. It is thought to have four locations in the pipeline to be converted from soon-to-be-vacant Sears Canada stores in Vancouver, Calgary, Ottawa and Toronto.Nordstrom is also believed to be keen to take over the Sears flagship store ...
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Target and Neiman Marcus to co-launch special designer collection
Discounter Target and department store group Neiman Marcus are to co-launch a special collection featuring more than 50 products from 24 designers this winter.These will be created by designers including Carolina Herrera, Marc Jacobs, Oscar de la Renta and Diane von Furstenberg. The Target + Neiman Marcus Holiday Collection will ...
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Ikea releases film to promote 2013 catalogue
Ikea has released a two-minute film to promote the forthcoming publication of its 2013 catalogue. The film was created by the global agency of record for the Ikea catalogue, McCann New York. A World Without Textiles is the theme for the catalogue, and features a family living in an uncomfortable ...
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SuperValu reports net sales decline
SuperValu has reported net sales of $10.6bn (£6.82bn) for its first quarter, compared with $11.1bn (£7.14bn) the previous year. The retailer’s net earnings declined 45% to $41m (£26.39m).SuperValu put the fall in earnings down to the disposal of a majority of fuel stations, a decline in like-for-like sales and market ...
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JCPenney to revamp US stores
Department store chain JCPenney is revamping almost 700 US stores. The scheme will create a new in-store layout, including multiple smaller units, dedicated to particular brands such as clothing and cosmetics. The initial transformation of 10 stores is expected to be completed by August 2012. The retailer is to remodel ...
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Crate&Barrel push international expansion
Otto Group-owned homeware retailer Crate&Barrel is pushing its international expansion.The retailer plans to open a store in New Mexico as well as in Singapore and Santiago de Chile. Two shops in Dubai opened in 2011.Crate&Barrel aims to have six stores outside North America in the next 18 months.
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Bed Bath & Beyond to expand World Market food and beverage range
Bed Bath & Beyond has announced that it is to expand its World Market food and beverage range to multiple locations. Initially, the retailer tested the programme in just four stores.The concept may vary from store to store, with some locations offering international food and others more healthy items, Bed ...
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Costco looks into European expansion
Costco is looking into opening stores in continental Europe and pursuing a European expansion programme.James P Murphy, international executive vice-president, said: “We are interested in investing in the obvious four: Germany, Italy, France and Spain.”The company is yet to decide which country will be first but will probably open a ...
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AnalysisAnalysis: Fifty years of Walmart
Half a century ago today Sam Walton opened his first Walmart store in Rogers, Arkansas. George MacDonald examines how the company went on to change the global retail landscape.
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Drugstore group Walgreens reports sales decline
Drugstore group Walgreens reported that sales declined 3.4% to $17.8bn (£11.4bn) for the third quarter ended May 31.Net earnings fell by 10.8% to $537m (£345m), impacted by the retailer no longer being part of the Express Scripts pharmacy provider network, as well as costs associated with entering into a strategic ...
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Best Buy to increase staff training levels
Electronics retailer Best Buy plans to increase the levels of training given to its sales associates and Geek Squad technology experts this summer.The retailer hopes to increase sales in its stores by combatting ‘showrooming’ – where customers browse items in stores then purchase online – by increasing the level of ...
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Abercrombie & Fitch identifies 180 stores to close
Clothing retailer Abercrombie & Fitch has identified 180 stores to close over the next few years as it seeks to improve margins in US shops.The retailer will instead emphasise international expansion as part of its growth strategy. It will mainly close eponymous stores as well as Abercrombie children’s shops, though ...
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Amazon to launch Amazon Cloud Player app for iPhone and iPod Touch
Amazon is to launch an Amazon Cloud Player app for the iPhone and iPod Touch, which will allow US customers to stream or download content purchased on Amazon to their mobile devices.Amazon will compete directly with Apple’s iTunes for downloads of music and videos. Previously Amazon’s Cloud Player was only ...
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AnalysisJ Crew: Who is the US fashion brand?
J Crew boss Mickey Drexler has flown over from the US to meet UK landlords as part of his search for store locations in London. What kind of a retailer is J Crew, and where does it fit into the UK retail landscape?
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Walmart teams up with Procter & Gamble in month-long promotion
Walmart has teamed up with Procter & Gamble in a month-long promotion of online and mobile shopping in New York City.A lorry covered with QR codes for several P&G products, including Bounty paper towel, Head & Shoulders shampoo and Lams dog food, will tour the city. New Yorkers can use ...
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Walmart’s Pay with Cash scheme accounts for nearly 2% of online orders
Walmart’s Pay with Cash scheme – which allows shoppers to order online and pay in cash in store – accounts for nearly 2% of online orders, according to Joel Anderson, chief executive of Walmart.com. He told a conference in Chicago that 30% of Pay with Cash customers were new to ...
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Toys R Us reports net loss of $60m
Toys R Us reported a net loss of $60m (£39m) for the quarter ended April 28 compared with a loss of $67m (£43m) a year ago, despite a 0.9% drop in sales, thanks to margin improvements and cost controls. Net sales totalled $2.6bn (£1.7bn), hit by a decline of 5% ...
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Neiman Marcus posts total revenues increase
Department store group Neiman Marcus posted total revenues of $1.06bn (£670m) for the 13 weeks ended April 28 compared with $983.8m (£621.7m) in the corresponding period in 2011. Like-for-like revenues rose 6.7%. Operating earnings were $146.6m (£92.6m) compared with $123.2m (£77.6m) the previous year, an increase of 19%. Net profit ...
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Rite Aid elects John Standley to chairman position
Pharmaceutical retailer Rite Aid’s board has elected president and chief executive John Standley to the additional position of chairman, with effect from June 21. Standley will succeed Mary Sammons, who has served as chairman since June 2007 and whose term of service in the role concludes at the June annual ...