All North America articles – Page 41
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News
Blockbuster files for bankruptcy
Blockbuster in the US has filed for Chapter 11 bankruptcy protection after mounting losses, rising debt and stiff competition from retailers that have better catered to consumers’ evolving media habits.Blockbuster said business would continue as usual at its 3,000 US stores, but added it would evaluate the profitability of its ...
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Target to try smaller format store and expand outside general merchandise market
General merchandise retailer Target plans to open a new, smaller-format store in Seattle in 2012 and has plans to expand in 10 further markets, including San Francisco and Baltimore, in the next few years.The new store will cover about 90,000 sq ft, while its other urban concept stores will range ...
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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NewsTed Baker to launch US transactional website
Quirky fashion retailer Ted Baker plans to ramp up its global presence with the launch of a US transactional website next month.
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NewsNext strikes online partnership with US retailer Sears
Fashion group Next is to sell clothing online in the US in partnership with retail giant Sears.
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Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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Mall opening a first for Aldi in US
German hard discounter Aldi Süd has announced the opening of its first store located in an enclosed shopping mall in the US. The 20,000 sq ft store will open in May, 2011 at Westfield Chicago Ridge, Illinois.“We are pleased to partner with Westfield on this fresh new approach to shopping ...
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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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News
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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News
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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News
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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News
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 ...