All North America articles – Page 37
-
News
Blockbuster launches subscription movie service
Blockbuster has launched its own subscription movie service which it claims will compete against rival Netflix. Blockbuster Movie Pass will be available from October 1 for a monthly subscription of $10 (£6.40). The service includes DVD movies, TV shows and video games. It will be launched initially to customers of ...
-
News
Bed Bath & Beyond reports net sales increase
Home furnishings retailer Bed Bath & Beyond has reported net sales for the second quarter ended August 27, 2011 increased by 8.3% to $2.3bn (£1.5bn). Like-for-like store sales in the financial second quarter of 2011 increased by approximately 5.6% compared with the period the year before. Net earnings grew by ...
-
News
AutoZone reports net sales increase
AutoZone has reported net sales for the financial year ended August 27, 2011 increased by 9.6% to $8.1bn (£5.2bn). Same-store sales rose by 6.3% while net income was up by 15% to $848m (£547m). Fourth quarter net sales climbed 8.1% to $2.6bn (£1.7bn) while same-store sales grew by 4.5%.Bill Rhodes, ...
-
News
Lev Khasis joins Walmart
International grocer Walmart has appointed Lev Khasis as senior vice-president and chief leverage officer.Khasis is the former chief executive of Russia’s largest retailer, X5 Retail Group. He will report directly to Doug McMillon, who heads Walmart’s international division, and will be responsible for integrating new retail acquisitions and combining purchasing ...
-
GalleryThe streets of San Francisco
A small area in the centre of San Francisco has all of the major US brands that characterise the country’s retail activity. They are also where US retail puts its best West Coast foot forward. By John Ryan
-
News
Best Buy launches online Marketplace
Electronics retailer Best Buy has launched an online Marketplace in the US.The service offers products from third-party sellers in order to expand the range of items and brands available on Bestbuy.com.Overall, Best Buy Marketplace will increase the number of products available through the company’s website by about a third.
-
News
Toys R Us reports net sales growth
Toy retailer Toys R Us has reported a 3% growth in net sales for the second quarter ended July 30, driven by store openings and favourable exchange rates at its overseas operations.However, like-for-like sales fell 2.2% in the US and international markets. The company widened its net loss to $34m ...
-
AnalysisZara aims to use the web to crack the US market
Last week, Inditex, the world’s leading clothing specialist, launched a transactional website for its Zara chain in the US.
-
News
Uniqlo to open its largest global flagship store
Japanese clothing retailer Uniqlo, owned by Fast Retailing, is to open its largest global flagship store on Fifth Avenue in New York on October 14. This will be followed one week later by a similar store on 34th Street, New York on October 21. The retailer opened its first global ...
-
News
Dollar General launches ecommerce site
Discount retailer Dollar General has launched an ecommerce site to allow it to reach customers outside its 35-state market. It offers both brand name and private label merchandise, including health and beauty products, cleaning supplies, baby items, toys, holiday merchandise, home decor, stationery and snacks. The site also has online-exclusive ...
-
News
Jim Sinegal to step down from chief executive role at Costco
Warehouse club operator Costco revealed that Jim Sinegal will step down from his role as chief executive on January 1, 2012. He founded the company with Jeff Brotman, currently chairman of the board, in 1983. Sinegal will be succeeded by Craig Jelinek, who at present serves as president and chief ...
-
NewsJohn Lewis’s name spreads overseas
Thanks to Barracuda’s Jamie Zuppinger for this picture of the John Lewis store on Newbury Street in Boston, Massachusetts.
-
News
Grocery retailer Target looks for future growth
Grocery retailer Target is to look to urban formats, international expansion and ecommerce for future growth with the aim to reach $100bn (£60.72bn) in annual sales by 2017.Chief executive Greg Steinhafel told investors in New York that Target has identified “hundreds” of potential trade areas for its new CityTarget format, ...
-
News
Walmart launches new double-decker store
Walmart has launched a new double-decker store concept in Dallas, Texas, featuring a Walmart store on the top floor and Sam’s Club below. The store has been designed to save Walmart money by maximising the use of the land being used, while offering customers the convenience of a one-stop shop. ...
-
News
Sears reports total revenue decrease
Sears has reported a decrease in total revenue of $125m (£75.9m) to $10.3bn (£6.25bn) for the second quarter ended July 30. The decline was primarily a result of a 0.7% fall in domestic like-for-like sales and the effect of having fewer Kmart and Sears full-line stores in operation.However, it was ...
-
News
Dollar Tree reports second quarter results
Discount chain Dollar Tree has reported its results for the second quarter ended July 30. Consolidated net sales increased 11.9% to $1.54bn (£935m) compared with the previous year, while like-for-like sales increased 4.7%. Based on estimated comparable sales growth, Dollar Tree anticipated third quarter sales to range between $1.56bn (£947m) ...
-
AnalysisWalgreens launches Nice! range to boost profitability
This week saw US drugstore retailer Walgreens launch Nice! – a range of private label food and drink items – to replace its long-standing Deerfield Farms offering and other category brands.
-
News
Couche-Tard signs agreement to acquire 33 stores
Retailer Couche-Tard has signed an agreement through its Circle K subsidiary to acquire 33 stores in southern Louisiana from ExxonMobil’s On the Run banner. The deal is likely to close in December. Sites will be converted to the Circle K brand while continuing to sell Mobil-branded fuel. Jason Broussard, vice-president ...
-
News
7-Eleven expands its network of stores
Seven & I-owned convenience chain 7-Eleven is expanding its network of stores by acquiring 51 ExxonMobil Corp stores in Dallas, Texas. Financial terms of the deal are not available, though the transaction is expected to close towards the year end.Under the conditions of the pending deal, the stores will continue ...
-
News
Sales increase for department store Macy’s
Department store operator Macy’s has said sales in the second quarter ended July 30 rose 7.3% to $5.94bn (£3.7bn) and 6.4% on a like-for-like basis. Online sales (Macys.com and Bloomingdales.com) were up 40.2%. Operating income climbed 37% to $506m (£313m).Macy’s chairman, president and chief executive Terry Lundgren said: “All of ...
