All North America articles – Page 41
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Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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Dollar General Q2 sales up 10.8%
Fixed-price retailer Dollar General has reported a sales increase of 10.8% to $3.21bn (£2.07bn), for the second quarter ending July 30.Like-for-likes increased 5.1%, with customer traffic and average transaction amounts contributing to the like-for-like increases. Net income was $145.1m (£93.9m) for the second quarter, compared with net income of $93.6m ...
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QVC to open New York pop-up store
TV shopping channel QVC is to open its first ever pop-up store in New York during fashion event Fashion’s Night Out. The store will open at 6pm on September 10 in the Rockefeller Center and will also broadcast live on TV on September 11 and 15.
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Meijer launches product locator app
Meijer has launched a product locator app called Find-it, built upon Point Inside’s mobile destination content platform. Shoppers will be able to see the location of more than 100,000 items in a Meijer store using their smartphones, eliminating the need to ask store employees where to find particular items. The ...
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Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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Rona Q2 sales rise 2.1%
Home improvement retailer Rona has reported that consolidated sales rose 2.1% in the second quarter to reach C$1.4bn (£863.1m). Net earnings rose 12% to C$67.8m (£41.8m). Corporate and franchised stores’ sales were reported to have been strong in the early part of the quarter due to the gathering pace of ...
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OfficeMax Q2 sales decline
Stationery specialist OfficeMax reported a 0.3% decline in sales to $1.7bn (£1.1bn) for its second quarter ending June 26. Its retail segment experienced a 0.5% fall in sales to $773m (£484m). Like-for-like sales were down by 0.3%.OfficeMax chairman and chief executive Sam Duncan said: “Based on our performance in the ...
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CVS to roll out Redbox DVD rental kiosks
Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...
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Barnes & Noble considers sale
Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the ...
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Burlington Coat Factory announces sales rose 4% to £456m in Q2
Burlington Coat Factory has announced that net sales for its second quarter ending July 31 rose 4% to $728.8m (£456m). Like-for-like sales increased 0.3% for the quarter. Chief executive Tom Kingsbury said: “We are pleased to report our second consecutive quarter with a positive like-for-like sales performance, which contributed to ...
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Whole Foods Market reports net income rocketed 53.5% in Q3
Whole Foods Market reported net income rocketed 53.5% to $65.7m (£41.1m) for its third quarter. Total sales increased 15% to $2.2bn (£1.4bn), while like-for-likes were up 8.8%. Whole Foods also boosted sales through a focus on opening smaller stores. Co-chief executive Walter Robb said: “We know that the economy is ...
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CVS Q2 revenues increase by 3.7%
Drugstore operator CVS reported revenues in the group’s retail pharmacy segment increased 3.7% in the second quarter to $14.3bn (£9.7bn), with total same-store sales increasing 2.1% over the prior year.Pharmacy same-store sales increased 2.9%, helped by continued growth of its Maintenance Choice prescription offer. Front store same-store sales increased 0.4%, ...
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TJX to launch Marshalls in Canada
TJX Companies, the TK Maxx owner, is to launch its Marshalls chain in Canada next year with the opening of six stores by spring 2011. The company said that it is not ready to announce the locations of the stores, but the Greater Toronto area is believed to be a ...
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Loblaw Q2 sales up 1.2%
Grocery retailer Loblaw has reported that sales rose 1.2% to C$7.3bn (£4.57bn) for the second quarter to June 19. Like-for-like sales declined 0.3%, marking the third consecutive quarter of negative like-for-like growth. Operating income increased 1.9% to C$330m (£207m) while net earnings declined 8.6% to C$180m (£113m)…
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A&P Q1 net loss increases 88%
US Tengelmann-controlled A&P has announced its first-quarter results for the 16 weeks to June 19. Net loss was $122.64m (£79.5m), up 88% when compared with the net loss of $65.16m (£42.24m) a year earlier.Sales for the period declined to $2.56bn (£1.66bn) from $2.79bn (£1.80bn) last year. Like-for-like sales decreased 7.2%.