All North America articles – Page 33
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News
Decrease in net sales for computer games retailer GameStop
Computer games retailer GameStop’s net sales fell 3% to $3.58bn (£2.25bn) for the fourth quarter ended January 28. Net income dropped to $174.7m (£109.6m) from $237.8m (£149.2m) a year earlier due to significant charges and lower sales. Like-for-like sales fell 3.6%. The retailer said it expected its 2012 results to ...
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News
Drugstore operator CVS plans 25 Beauty 360 store closures
Drugstore operator CVS plans to close all 25 stores of its fledgling beauty business Beauty 360 by May 19. The Beauty 360 ecommerce business will also cease operations on the same date.CVS director of public relations Erin Pensa said the company “has made the decision to refocus our efforts on ...
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Zara launches global concept store in New York
Inditex-owned clothing retailer Zara has launched a global concept store in New York with revamped architecture and a new interior design scheme.The store, at Fifth Avenue and 52nd Street, is the retailer’s largest in the US, comprising more than 32,300 sq ft spread over three floors.The store design emphasises simplicity ...
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Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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Lowe’s uses Vitrue to link Pinterest and Facebook pages
Lowe’s has linked its Pinterest presence to its Facebook page through a new tool from social marketing firm Vitrue, it has been reported.A custom Pinterest tab on the Lowe’s Facebook page automatically pulls content and activity from its Pinterest site.Fans can see the home improvement chain’s various Pinterest boards, become ...
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Foot Locker updates strategic plans
Foot Locker has updated on its strategic plan for the period 2012 to 2016. In 2010, the retailer outlined a five-year plan to achieve sales of $6bn (£3.84bn) and $400 (£256) sales per gross square foot, up from $360 (£230) that year. Foot Locker has set out new financial objectives ...
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News
Target plans fresh food addition to stores
Target plans to add fresh food to more than 100 stores this month. The remodels will result in a new 10,000 sq ft grocery department featuring fresh produce, fresh packaged meat and pre-packaged baked goods in addition to dry and frozen offerings. The revamps will be the first of three ...
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GalleryIn pictures: First pictures of Zara’s global flagship in Fifth Avenue
Zara opens a “global flagship” on New York’s Fifth Avenue tomorrow (March 15th 2012).
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GalleryTopshop Las Vegas store opens
Billionaire tycoon Sir Philip Green’s Topshop has brought British style to the party town of Las Vegas with the opening of a flagship store in the US city yesterday.
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News
Best Buy to lauch Perfect Match Promise
Best Buy is to launch its Perfect Match Promise, which consolidates the electricals retailer’s service offerings.The initiative dubbed ‘30.30.30’ in that customers get 30-day free phone support to get a product up and running, 30 days to return with no restocking fees and 30 days of competitor price matching.Senior vice-president ...
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AnalysisPinterest: What do retailers need to know?
The image-based social media site allows retailers to build their online brand presence.
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Neiman Marcus tests new iPhone app
Luxury department store operator Neiman Marcus is testing a new iPhone app to help enhance the relationship between staff and shoppers.Users can find out which sales associates are on duty at a store. Likewise, when a customer checks in to a particular store, sales associates are notified and can access ...
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NewsFresh & Easy could break even in 2012, says Tesco boss
Tesco could break even in the US as early as this year, according to chief executive Philip Clarke.
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News
Gap to focus on ecommerce operations
Gap will focus on ecommerce, m-commerce and its international operations to drive growth in 2012. With direct (ecommerce) and international divisions together representing 26% of the fashion retailer’s total net sales, Gap plans to invest in ecommerce and m-commerce and develop a global IT platform to support its international operations.While ...
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Sears plans to divest two fascias
Sears plans to divest its two fascias, Sears Hometown and Sears Outlet, along with a number of hardware outlets. The creation of this new company will allow these two banners to focus on strategies that best meet the needs of smaller stores. The division will also boost Sears’ liquid assets ...
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Barnes & Noble introduces new Nook tablet PC
Bookseller Barnes & Noble has introduced a new version of its Nook tablet PC, priced at $199 to match Amazon’s Kindle Fire. The new Nook Tablet has 8GB of built-in memory against 16GB for the full-priced $249 version, which will continue to be offered. Barnes & Noble said it has ...
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News
Macy’s to tweak online model
Department store group Macy’s plans to tweak its online model.The Macy’s ‘Store to Door’ pilot, a service enabling shipment to the customer’s home from another store if one shop is out of a product, is to expand from 23 to 290 of the retailer’s 810 stores this year.However, items will ...
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News
Amazon pulls Kindle ebooks from online offering
Amazon has pulled 5,000 Kindle ebooks from its online offering after a dispute with the Independent Publishers Group. The decision has fuelled concerns over Amazon’s increasing market dominance in the publishing sector and the pricing of ebooks, which until now have been set by publishers.Mark Suchomel, president of the Independent ...
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News
Target posts net earnings growth
Target has posted net earnings of $2.93bn (£1.85bn) for its full year and $981m (£619.3m) for the fourth quarter. Target chairman, president and chief executive Gregg Steinhafel, said: “Target generated strong financial performance in 2011, overcoming sluggish economic growth, restrained consumer spending and an intensely promotional holiday season. For the ...
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News
Blockbuster unveils year end results
Blockbuster has unveiled its results for the year to December 31, 2011 confirming it plans to close 500 underperforming rental stores during the first half of 2012. This number accounts for about one-third of the retailer’s US store portfolio.Blockbuster’s new parent company Dish Network reported an 11% increase in net ...
