North America – Page 3
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NewsWalmart presses ahead with new HQ plan despite Covid-19 crisis
Walmart is pressing ahead with plans to launch its new headquarters despite the switch to remote working sparked by the coronavirus crisis.
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AnalysisAnalysis: Will Ted Baker’s new ‘growth formula’ put it back in fashion?
After enduring a torrid 2019 marred by numerous profit warnings and seismic change at management level, Ted Baker has unveiled a new strategy designed to take the business forward. Retail Week analyses whether it will be enough to return the fashion brand to its former glories
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OpinionOpinion: JC Penney is a cautionary tale of how not to run a retailer
JC Penney has been a staple of the US retail landscape for as long as most Americans can remember.
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NewsAsda sales jump during lockdown but profits dip
Asda has posted an increase in revenues during the first quarter of parent company Walmart’s financial year, driven by increased grocery sales during the coronavirus crisis.
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AnalysisDispatch: Six of the best global innovations sparked by coronavirus
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts, who provide their insights into how they are coping with the pandemic.
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NewsAmazon executive quits over coronavirus protest sackings
A senior Amazon executive has quit over the etail titan’s treatment of staff who protested against a lack of coronavirus safety measures in its warehouses.
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AnalysisAnalysis: Amazon sales rocket during coronavirus crisis, but at what cost?
Online titan Amazon posted quarterly figures that showed both the agility of its response to demand during the coronavirus pandemic and the massive cost – in dollars and perhaps reputation – that accompanied that.
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NewsAmazon first-quarter profits dip as it warns of $4bn coronavirus costs
Amazon has reported in a decline in first-quarter profits and warned that earnings in its second quarter will be completely wiped out by costs related to coronavirus.
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NewsCoronavirus to wipe £1.7trn off global retail sales
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
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NewsOcado opens first Sobeys warehouse as online grocery demand soars
Ocado has opened its first automated warehouse in North America as the online grocer-cum-technology provider presses ahead with progress on its overseas partnerships.
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NewsPrimark donates 74,000 products in NHS Nightingale care pack initiative
Value fashion giant Primark is providing care packs containing 74,000 products to London’s new NHS Nightingale Hospital to help support efforts to beat coronavirus.
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NewsHotel Chocolat raises £22m to fuel online and international growth
Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.
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OpinionOpinion: Walmart’s $50bn onslaught on Amazon has lessons for all
Walmart might have disappointed analysts with a fourth-quarter sales slowdown, but its online business is powering ahead amid a concerted counterattack on Amazon.
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NewsForever 21 bought out of bankruptcy
US-based fast-fashion retailer Forever 21 has been bought out of bankruptcy by three buyers with international ambitions for the brand.
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NewsMacy’s to shut 125 stores and axe 2,000 jobs
Macy’s is to close 125 stores and axe thousands of head office roles over the next three years as part of a $1.5bn (£1.15bn) cost-cutting drive.
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GalleryStore gallery: Snowfall and same-day delivery at new Canada Goose store
Outerwear and accessories retailer Canada Goose has brought the Arctic to Toronto with its latest inventory-free store concept.
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NewsNordstrom launches second-hand clothing range in flagship store
US department store group Nordstrom is to sell used clothes in its New York flagship store and online to tap into consumer demand for second-hand goods as shopping habits change.
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AnalysisIs mega mall American Dream a vision of retail’s future or a $5bn nightmare?
Retail Week visited the new American Dream mall in New Jersey and marvelled at the scale and scope of the experiences on offer. But can the gargantuan centre buck the downward trend of shopping centres around the world?
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NewsGoogle acquires retail tech start-up in multimillion-pound deal
Google has acquired a tech start-up that helps local retailers share product inventory online to help consumers discover smaller, local stores on a much bigger scale.
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AnalysisView from NRF Big Show: Start-ups carry the torch for innovation
Many of the largest technology companies in the world have been on display at the NRF Big Show this week – but might doesn’t always make for right. Retail Week looks at some of the most interesting tech start-ups