All USA articles – Page 33
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GalleryA retail slice of the Big Apple
Retailers in New York have had a tough year, but there are signs that those that weathered the storm have emerged with better-looking stores
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News
Delhaize Group sales up 1.2%
Sales at Delhaize Group rose 1.2% last year at a constant exchange rate, with organic revenue growth of 2.4%.Growth was helped by a solid performance in Belgium and double-digit rises at its Greek, Romanian and Indonesian operations.At its US arm, sales fell 1.3%, affected by the strengthening of the US ...
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News
US sales down 0.3%
Retail sales fell 0.3% in December compared with November, casting uncertainty over the recovery of the economy.Figures from the US Commerce Department showed electricals sales were among the biggest fallers.It also said concerns over job security are expected to continue to restrict spending, with unemployment still at 10%.December’s figures end ...
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News
Target sales up 1.8%
Retailers’ sales for the festive period were boosted by last-minute shopping and reduced pre-Christmas discounting, thanks to tighter management of inventories in the run-up to the holidays.Like-for-like sales at discounter Target rose 1.8% year on year; fashion giant Gap’s like-for-likes were up 1%, including a 7% rise at its cheaper ...
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News
Walmart to cut costs
Walmart is to launch a drive to cut billions of dollars of costs from its supply chain in 2010 by combining its store purchasing across national frontiers as it attempts to globalise its business, The Financial Times reported.The effort is part of the retailer’s plans to increase the proportion of ...
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AnalysisHow US retailers can crack the UK market
As Victoria’s Secret becomes the latest US retail giant to focus on the UK, Lisa Berwin asks what the attraction is and how they can crack the market.
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News
US Retail sales rise
US Retail sales have risen for the first time since the financial crisis started in September last year.This year, September’s sales were up 1.1% on the same month last year, according to the Retail Metrics like-for-likes sales index. The rise was attributed to stronger autumn fashions, more aggressive promotional activity ...
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News
Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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AnalysisUS warehouse clubs suffer as discretionary spend dips
US warehouse club operators like Costco will have to brace themselves for more difficult trading in the near term
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News
JC Penney signs Liz Claiborne licensing deal
US Department store chain JC Penney has signed a licensing agreement with Liz Claiborne to exclusively sell its namesake line of clothing in stores beginning in autumn next year.The 10-year deal includes 30 categories from apparel and accessories, including jewellery, shoes anda home merchandise. After five years, JC Penney will ...
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GalleryDoing Dallas: How does NorthPark measure up?
The US may do things bigger, but do they do them better? John Ryan visits Dallas and one of the Lone Star state’s top shopping centres to find out how its retail scene measures up
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AnalysisUS retail: Battered and bruised, but on its way back
What happens in US retail is frequently mirrored in the UK. Financo chair Gilbert Harrison examines how the US is emerging from its brutal downturn
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AnalysisLowe’s curtails expansion as it braces for tough 2010
DIY retailer Lowe’s has followed in the footsteps of rival Home Depot by scaling back its expansion plans.
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News
Rite Aid Q2 sales down 2.7%
Year-on-year sales at pharmacy chain Rite Aid declined 2.7% to $6.3bn (£3.9bn) for the second quarter to August 29.The slide was attributed primarily to store closures and non-pharmacy same-store sales. Overall, same-store sales fell 1.1% for the quarter, with a 4.9% decrease in non-pharmacy sales and a 0.8% increase in ...
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News
Borders reports widening losses
Book retailer Borders reported widening losses of $12.7m (£7.8m) for its second quarter, compared with a loss of $10.5m (£6.4m) for the same period last year.Quarterly sales were $616.8m (£378.1m), down 17.7% from a year ago. Comparable store sales fell 17.9% and 10.8% at Borders superstores and Waldenbooks stores respectively.Chief ...
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News
Staples announces a 9% increase in sales
Office specialist Staples announced a 9% increase in sales to $5.5bn (£3.37bn) for its second quarter. In North America retail sales decreased 5% to $2bn (£1.23bn).Comparable store sales decreased 5% against 2008, reflecting declines in average order size and weakness in durable categories such as business machines and furniture. Internationally, ...
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OpinionThe billion Dollar question
At last, a retail IPO. Dollar General’s flotation is happening in the States not the UK, but success would be a sign that markets may be fully opening again and that stores can win investor backing.
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News
US fashion retailers struggle in second quarter
A number of clothing retailers have reported negative results in their second quarters, with only Urban Outfitters posting positive sales up against last year.Abercrombie & Fitch made a net loss of $26.7m (£16.3m) against a profit of $77.8m (£47.6m) during the same quarter last year, with total sales plummeting 23% ...
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News
Barnes & Noble posts 5% decrease in second-quarter sales
Book retailer Barnes & Noble posted a 5% decrease in second-quarter sales to $1.2bn (£700m). Store sales decreased 5% to $1bn (£600m), with like-for-like sales down 6.9% for the quarter.Sales generated by the retailer’s website climbed to $102m (£62m) for the quarter, a 2% increase compared with the year before.The ...
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News
Blockbuster Q2 revenues fall nearly 22%
Blockbuster has posted lower than expected quarterly revenues and same-store sales, blaming stiff competition for its performance.The DVD rental chain made a net loss for the second quarter that narrowed to $39.7m (£24.3m) from a net loss of $44.7m (£27.3m). Revenue fell nearly 22% to $1.02bn (£623.9m). Chief executive James ...