All USA articles – Page 30
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News
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%.
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SuperValu launches El Ahorro Save-A-Lot format
Grocery retailer SuperValu has launched a new format called El Ahorro Save-A-Lot.The co-branded discount stores, which target the Hispanic community, are the result of a partnership between SuperValu and Rafael Ortega, a grocery operator with 24 years of experience in serving the Hispanic community in Texas. Six former Save-A-Lot stores ...
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Family Dollar Stores Q3 income up 19%
Family Dollar Stores has reported that net income increased 19% to $104.4m (£69.3m) in the third quarter. Sales for the third quarter of fiscal 2010 were about $1.99bn (£1.32bn), an increase of 8.4%. Like-for-like sales increased 7%. The increase in like-for-like sales was a result of increased customer traffic, as ...
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AnalysisTime for US retailers to pursue top line growth
After a year of cutting costs and lowering inventories, it’s time for retailers to think about growing the top line.
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Merchandising chief John Fleming leaves Walmart
Walmart has revealed another key executive change in the US.Bill Simon, recently appointed as president and chief executive of Walmart US, has announced that chief merchandising officer John Fleming has made a personal decision to leave the company.As a result, Simon has asked Jack Sinclair, executive vice-president and general manager, ...
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News
Bed Bath & Beyond to spend £150m on IT and stores
Bed Bath & Beyond has announced plans to spend $225m (£150m) on IT, new store openings and a store refresh initiative.The retailer plans to open about 55 to 60 stores across all of its concepts in fiscal 2010.Bed Bath & Beyond co-chairman Leonard Feinstein said: “We continue to work to ...
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News
Walgreens Q3 sales up 6.1%
Drugstore operator Walgreens has reported $463m (£307m) net earnings for the third quarter ended May 31, down from $522m (£346.5m) in the same period of last year. Third-quarter sales increased 6.1% to a record $17.2bn (£11.41bn). Total sales in comparable stores increased 0.7%, while like-for-like store front-end sales increased 0.1%.Front-end ...
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News
Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...
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GalleryLimelight Marketplace, New York
Less of a store of the week and rather more of a destination of the month, Limelight Marketplace is the successful outcome of remodelling a former nightclub housed in a Gothic revival church.
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Toys R Us new Christmas tactic
Toys R Us is planning a new tactic to get consumers to spend this Christmas.The toy retailer has begun offering a ‘Christmas Savers Club’ that allows shoppers to save money with the company for holiday gifts.Participants will receive a card similar to a gift card and can contribute funds to ...
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News
Best Buy revenue 6.9% increase
Best Buy reported a 6.9% increase in revenue to $10.78bn (£7.26bn) for the first quarter ended May 29.
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News
Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
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News
CVS Caremark and Walgreens still working together
Following a very public spat last week, CVS Caremark and Walgreens have reached an agreement whereby Walgreens will continue participating in CVS’s Caremark pharmacy benefit management national retail network for existing, new and renewal plans.The companies are not disclosing the financial terms of the new contract.
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News
Costco lobbies Washington state for new liquor distribution laws
Costco is to lobby the Washington state government in an effort to shake up liquor distribution laws.
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NewsMamas & Papas enters US in Toys R Us tie-up
Nursery retailer Mamas & Papas has landed a deal with the world’s biggest toys and parenting specialist Toys R Us to launch the Mamas & Papas brand in the US through Babies R Us stores.
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Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...
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News
TJ Maxx set to open first store in Puerto Rico
Developer Diversified Realty has announced the signing of a lease for the first TJ Maxx in Puerto Rico, at Plaza del Norte, a large regional shopping mall located at Hatillo in the northwest of the country. The store is expected to open in spring 2011.“We are very pleased that TJ ...
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Dick's to open 50 stores in 2 years
Dick’s Sporting Goods plans to open about 25 stores this year and the same number next year. But the retailer could increase the number of openings if developers start building shopping centres again, chief executive Ed Stack said.Speaking after Dick’s Sporting Goods annual shareholders meeting, Stack said he was comfortable ...