Not exact matches
Best Buy Co. said comparable
store sales dipped 0.8 per cent for the nine weeks ended Jan. 4, but that was better
than the 1.7 per cent decline in the prior -
year period.
In 2015, less
than a
year after retiring as CEO of convenience
store giant Alimentation Couche - Tard, the executive chairman, along with his three co-founders, put forward a resolution to extend their time - limited voting control — the group holds 22 % of the company's equity — to ward off any future takeover attempts.
And bucking the trend in a retail industry where many rivals are paring their
store fleets, Walmart said it plans to open a few more
stores: it expect to open fewer
than 15 SuperCenters in the U.S. next
year, a small uptick to be sure, but additional physical facilities to support its roughly $ 15 billion a
year e-commerce business.
Some industry observers predict that retail will change more in the next five
years than it has over the past century, and that the extinction of brick - and - mortar
stores isn't far off.
Cornell's decisiveness, along with a better -
than - expected holiday - season increase in sales at the website and
stores open for at least a
year, has revived Target's stock: The shares have jumped 30 % under the new CEO, to all - time highs.
More
than once in the intervening
years, Minhas has faced challenges she describes as anything but fair: regulatory hurdles slowing her products» spread, retail monopolies denying access to their
store shelves and larger competitors muscling in on her turf.
Apple now has more
stores in China
than any other region outside of the U.S. Despite that, China revenue fell to $ 45 billion in the latest fiscal
year, down from a record $ 59 billion in 2015 amid greater competition from local phone makers like Huawei Technologies and Xiaomi.
We are incredibly grateful to all of our associates for their dedicated service to Bon - Ton and to our millions of loyal customers who we have had the pleasure to serve as their hometown
store for more
than 160
years.»
So far, the design seems to be working: Warby Parker, which was founded in 2010 and opened its first retail
store three
years later, is reportedly valued at over $ 1 billion and will have have more
than 70 locations open by
year's end.
In business less
than a
year, Kit and Ace managers can't go back and compare same -
store sales or track repeat business.
Rather
than look 20
years in the future to see what China holds in
store, the world would be wise to cast its gaze back a couple of decades instead.
On Wednesday, JCPenney also reported weak sales at
stores open for more
than one
year.
After two
years of wrangling, Walgreens received regulatory approval Tuesday to buy
stores from Rite Aid, but the agreement is for fewer
stores than had previously been proposed.
Walmart is also closing
stores at 6 p.m. on Christmas Eve, two hours earlier
than in part
years.
This past
year, 51 percent of purchases took place online, more
than 90 percent of consumers used smartphones while shopping in -
store and 78 percent of global shoppers were influenced in some way by social media.
Sutterfield boasts that she hectored Safeway
store managers for more
than a
year before they placed their first $ 50,000 SoapWorks order, in April.
This
year, more
than 1,000 retail brands, representing 180,000
stores in 330 mainland cities, will participate in Alibaba's event, according to a recent press release.
Under the consent decree, Trader Joe's agreed over the next three
years to reduce its leak rate to less
than half the average in the grocery
store sector, and to use non-ozone depleting refrigerants at all new and heavily remodeled
stores.
Mock - up Milk Bones for dogs, almost - Advil medication for headaches, might - be Mars bars for snacks and supposed - to - be SoftSoap for bathrooms: the
store sells knockoff products for much cheaper
than it sells name brands, earning it a higher profit margin and helping turn Dollarama into a near $ 3 - billion a
year company.
«There is just less fear from people who feel like they might lose their jobs... Our shoppers seem more confident
than they did a
year ago,» said Reed, 63, whose chain of four
stores clocked a roughly 10 percent jump in sales from Thanksgiving to this week, compared to the
year before.
That is still better
than a
year ago, when sales fell 6.5 percent at its American full - line
stores.
Gap said in a statement Thursday that comparable -
store sales, or sales at locations open at least one
year, fell 6 %, more
than the Bloomberg expectation for a 5 % drop.
Sales at
stores open for more
than a
year — a key benchmark for investors — rose 6.3 percent.
The metric is an important measure of longevity because it includes only sales from
stores that have been open for more
than a
year.
J.C. Penney (jcp) will open
stores at 2 p.m., an hour earlier
than last
year, and three earlier
than many of its mall - based department
store rivals like Macy's.
This
year Samsung introduced its new Family Hub Refrigerator designed to do a whole lot more
than just
store your food.
Disney has closed more
than 120
stores in the past two
years as it struggled to keep its own merchandise competitive with lower - end retailers.
Thus far, the industry has announced plans to close 6,700
stores this
year, more
than any other
year on record, and there's still two months left in 2017.
Key takeaway: Numerous discount
stores have been earning record numbers in recent
years, but none do a better job at turning consumers into aspirational customers
than Five Below.
There are fewer
than two dozen Athleta
stores now, but by the end of the
year Gap plans to have about 50 (compared to Lululemon's 185 worldwide).
Last quarter it grew 19 percent
year over
year, faster
than any other category, as the App
Store logged its highest - ever revenue amid game craze «Pokemon Go.»
When Kip Tindell, CEO of The Container
Store, first heard Herb Kelleher's words more
than 40
years ago he was, in his own words, «completely taken by it.»
A partnership with credit - card company Discover, announced last
year and slated to begin later this
year, would allow customers at more
than 7 million physical
store to make purchases using their PayPal accounts.
Last
year's surprising acquisition of Country Style Food Services Holdings, Ontario's second - largest coffee chain, boosted MTY's
store count by nearly 50 %, and the most recent addition — Quebec hot - dogs - and - fries specialist Groupe Valentine, a deal that closed earlier this month — has brought the total to more
than 1,700 restaurants that ring in about US$ 400 million in annual sales.
Cabela's has struggled with declining sales of apparel and footwear and has reported same -
store sales growth in only one quarter in more
than three
years.
In recent
years, PINK has become one of the most successful parts of the company, reporting stronger sales
than other parts of the
store.
The move comes as Sears tries to bounce back from a five -
year stretch during which it lost more
than $ 8 billion as it closed hundreds of
stores and sales dropped sharply.
Hong Kong retail sales fell 7.7 percent on -
year in July, with jewelry and watch sales down more
than 26 percent and department
store sales falling nearly 7 percent.
The first Amazon Go
store opened one month ago to much fanfare, after more
than 12 months of hype that only crescendoed as the company delayed the public opening by about a
year.
The deal values Kind at more
than $ 4 billion, according to people briefed on the transaction, marking a significant valuation for one of the most prominent new food brands to hit
store shelves in recent
years.
An increasing number of privately - held players are going from garage to grocery
store in fewer
than five
years thanks to an erosion of barriers to entry within the food industry.
It's been more
than four
years now since the giddily titled book Go Canada: The Coming Boom in the Toronto Stock Market and How to Profit From It hit
store shelves, advising its hopeful readers that within a decade the Toronto Stock Exchange would more
than double in value to 30,000 points.
But after more
than a
year and a half of FTC review, the companies concluded the deal would be rejected, despite its offer to divest some 1,200
stores to Fred's in order to ease the regulator's concerns.
Nearly 10
years later, he's proven to be more
than capable of running the country's largest grocery -
store chain.
The handout came with strings attached: Salus had to sign off if RadioShack wanted to close more
than 200
stores a
year — essentially giving the firm power over one of the company's only ways to raise cash.
Ten
years and more
than 345
stores later, Apple has become one of the most admired retailers in the world.
So they pulled out all the stops by experimenting with an in -
store cafe, free Wi - Fi, monthly book swaps, a children's play area, entertainment, more
than 200 in -
store author readings a
year and community forums on topics of interest to customers.
But Adam & Eve, which has been selling such products in the U.S. for more
than 40
years, brought the adult
store out of the shadows in 2009 with the launch of the Adam & Eve
store franchise.
«We have seen our online sales grow by more
than 50 per cent in the past
year and new services, such as in -
store reserve and pickup, more
than doubling,» said Best Buy Canada president Ron Wilson in a release.
Negroponte argued that, as a consequence of electronic distribution, «videocassette - rental
stores will go out of business in less
than ten
years.»