North America – Page 21

  • News

    Abercrombie & Fitch to cut jobs

    2009-05-08T00:00:00Z

    Fashion retailer Abercrombie & Fitch is to cut 170 roles at its head office in Columbus, Ohio. The retailer will cut 9 per cent of its 2,000-strong positions to reduce costs.Abercrombie & Fitch has suffered from a downturn in sales as US consumers rein in spending. Chief financial officer Jonathan ...

  • News

    US retail needs structural changes

    2009-05-07T09:18:00Z

    Structural change is still required in US retail before the sector can emerge from the downturn, the World Retail Congress heard on Wednesday afternoon.

  • News

    Forever21 eyes London store to kick-start international expansion

    2009-05-07T09:16:00Z

    US fashion retailer Forever21 has revealed that it wants to open a store on London’s Oxford Street as the first step in a possible expansion into Europe.

  • News

    Dollar Tree launches transactional website

    2009-04-24T00:00:00Z

    Single price point retailer Dollar Tree has launched a transactional website, accessible from its Dollartree.com site. The website is aimed at customers who want to buy in large quantities, and allows users to order cases of products with free shipping if they collect their order from one of the retailer’s ...

  • News

    Directors leave board of US Borders

    2009-04-24T00:00:00Z

    Embattled American bookseller Borders is undergoing more upheaval, with directors Edna Medford and Michael Weiss leaving the board.Five of the remaining eight directors have also announced they are to leave, although they will wait until the retailer has found replacements before they go.Borders plans to hire a search firm to ...

  • Fresh easy
    News

    Fresh & Easy introduces review section to website

    2009-04-17T00:00:00Z

    Tesco’s US Fresh & Easy operation has introduced a product review section on its website to increase interactivity with its customer base.When shoppers sample a product in stores through the US grocer’s Kitchen Table tasting area, they can then review it online.A Tesco spokesman said: “This launch forms part of ...

  • News

    Pottery Barn lowering price points

    2009-04-17T00:00:00Z

    US

  • News

    More job cuts at Neiman Marcus

    2009-04-17T00:00:00Z

    USA

  • News

    Borders US fears grow as market woes widen losses

    2009-04-09T00:00:00Z

    Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...

  • News

    Battle for Sears Canada is hotting up

    2009-04-09T00:00:00Z

    The battle for Sears Canada is hotting up with reports in the US suggesting that major shareholder Sears Holdings has bought 400,000 shares in the company.The move renewed speculation that it may be plotting a bid for the Canadian arm of its business.In 2006, minority shareholder William Ackman blocked a ...

  • News

    Macy’s credit rating reduced to junk status

    2009-04-09T00:00:00Z

    Macy’s had its credit rating reduced to junk status by ratings agency Moody’s.

  • topshopny1
    News

    Topshop New York opens to eager crowds

    2009-04-04T16:51:00Z

    Topshop has opened in New York to great fanfare.

  • News

    US corporate governance rules ‘offend’ retail chiefs

    2004-09-24T12:09:00Z

    Top US retail executives have slammed an increasing corporate governance burden as a ‘lawyers’ charter’.

  • News

    Lowe’s to spend $7bn on aggressive growth push

    2004-06-04T12:09:00Z

    Lowe’s is to invest nearly US$7 billion (£3.81 billion) in the next two years to expand and upgrade its store portfolio to compete harder against market leader Home Depot.

  • News

    Ralph Lauren to target preppy kids with Rugby

    2004-06-04T12:09:00Z

    Polo Ralph Lauren is to take on Abercrombie & Fitch with new fascia Rugby, aimed at preppy teens and college kids.

  • News

    Toys R Us sues Amazon

    2004-05-28T12:09:00Z

    Toys R Us has filed a lawsuit against Amazon .com, alleging breach of the exclusivity arrangement that Toys R Us has to sell merchandise on Amazon’s Web site. Toys R Us struck the deal in 2000.

  • News

    La Senza to sell Anne.x

    2004-01-09T12:09:00Z

    International News - La Senza to sell Anne.x

  • News

    Senate hearing threatens the future of RFID in US, fears NRF

    2003-11-28T12:09:00Z

    US legislators’ concern over Radio Frequency Identification Tracking (RFID) reached another level with a Senatorial hearing in California, which started last week.

  • News

    La Senza losses

    2003-06-27T12:09:00Z

    Canadian lingerie retailer La Senza Corp has posted a first-quarter loss.

  • News

    Best Buy sheds Musicland chain to Sun Capital

    2003-06-20T12:09:00Z

    US retailer Best Buy has offloaded its Musicland chain to private investment firm Sun Capital Partners. Musicland generates sales of US$1.7 billion (£1 billion), but reported operating losses last year of US$72 million (£42.7 million).