USA news

25 February 2013
Walmart de Mexico is to invest around $1.4bn in 2013 in expanding its operations in Mexico and Central America. Store growth across existing and new cities Although Walmart de Mexico did not reveal how many stores would open as a result of this investment, total space growth will be between 7.8% and 8.7%. In Mexico , space growth is forecast to be between 8% and 9%, and around 6% in Centr...
25 February 2013
CVS pharmacy, one of America's largest drugstore chains, has announced the relaunch of its private label food brand. Improvements all round CVS pharmacy has relaunched its Gold Emblem range of private label products.  The range comprises around 250 products across a number of food categories, including snacks, desserts, beverages, confectionery, juices and breakfast bars.  The new i...
21 February 2013
Walmart's full year results, for the year to January 31, 2013, have revealed consolidated net sales growth of 5.0% for the full fiscal year 2013, to $466.1bn. Operating income increased by 4.7%, with income from continuing operations attributable to Walmart increasing by 7.8% to $15.8bn. The retailer made progress towards its five-year goal of reducing operating expenses as a percentage of s...
21 February 2013
Safeway’s total fourth quarter sales, for the 16 weeks to December 29, increased by 1.2% to $13.8bn, with identical store sales increasing by 0.8%. Net income attributable to Safeway increased by 13.2% to $244.0m. For the full year, total sales increased by 1.3% to $44.2bn, with identical store sales up 0.5%. Net income attributable to Safeway increased by 15.4% to $596.5m. Just for U prog...
21 February 2013
Following Asda's results presentation, we draw out the five key themes that we believe will drive growth for Asda in 2013. Investing for customers in a tough market: "EDLP is in our DNA" This was one of the core elements of Asda's focus in 2012 and in particular in Q4, and this will remain a key priority in 2013. At the results session, Andy Clarke explained "our customers continue to tell ...
18 February 2013
Building on an internal test in 2012, The Denver Channel has reported that Walmart is now testing its scan and go app with shoppers in around 40 stores in Colorado. Customer test builds on earlier internal evaluation Last September, Walmart employees at a supercentre in Rogers, Arkansas, participated in a test which enabled them to use their own smartphones to scan their shopping. It now...
15 February 2013
In an interview with Les Echos, Costco France’s Country Manager, Gary Swindells, has outlined the retailer’s ambition to build a network of 15 outlets in the country over the next five to ten years. France market entry part of broader European growth strategy The retailer’s first outlet in France is expected to open in Bussy-Saint Georges, Paris, in 2015, marking Costco’s first expansi...
14 February 2013
Whole Foods Market’s first quarter sales, for the 16 weeks to January 20, increased by 13.7%, with comparable store sales up 7.2%. Net income over the period increased by 24.3%. Strong performance although growth rates ease slightly Whole Foods Market has delivered another quarter of strong sales and earnings growth, extending its industry leading performance of the last two years.  The re...
14 February 2013
Meier is investing $160m in its store estate this year, with plans to open six new supercentres and complete five major store remodels. New flagship to test future concepts Meijer’s plans this year will also include the construction of a new flagship store. The retailer will be remodeling its Knapp’s Corner store in Grand Rapids to test some new elements that could form the basis of futur...
11 February 2013
Having promoted Joseph Magnacca to Executive Vice President on February 1st, Walgreens has announced his departure from the company. Critical role in company strategy The final role held by Mr Magnacca before his departure was that of President of Daily Living Products and Solutions. Joseph Magnacca was credited with being the driving force behind the Duane Reade urban model which included...