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Archives » Asia/Pacific
‘The Daily Wrap:’ Ikea, Best Buy, Johnny Rockets
Ikea Expands in China
Home furnishing retailer Ikea, which is speeding up its expansion in China, plans to open four new stores across the country during the next two years. Ikea will open its second store in Shanghai next year and open locations in Tianjin and Wuxi, as well as its second store in Beijing, in 2012. Source: China Daily
Best Buy Names Chief Design Officer
Consumer electronics...
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‘The Daily Wrap:’ Dunkin’ Donuts, Sears, Toys R Us
Dunkin’ Donuts Opens 338 New Stores
Dunkin’ Donuts quickened the pace of new store openings this year, with 338 net new locations unveiled worldwide during the first six months, compared with just 175 new shops during the same period last year. Source: Boston Globe
Sears Unveils Craftsman Experience
Broadline retailer Sears Holdings Corporation is opening its first interactive “Craftsman...
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6 in 10 North American Consumers Buy More Private Label
Sixty percent of North American consumers purchased more private label goods in Q1 2010 due to the economic downturn, according to new data from The Nielsen Company.
North America Ties Global Average
The percentage of North American consumers increasing their private label purchases matched the global average for Q1 2010, and also matched the percentage in Asia-Pacific....
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‘The Daily Wrap:’ Nordstrom, Blockbuster, Gap
Nordstrom Net Earnings Rise 38%
Luxury retailer Nordstrom, Inc. reported a 38.6% increase in its Q2 fiscal 2010 net earnings. Other quarterly results included a 12.7% net sales increase and 8.4% boost in same-store sales. Source: Nordstrom, Inc.
Blockbuster Revenues Decline 20%
Media entertainment retailer Blockbuster Inc. reported a 19.6% decline in total revenues during Q2 fiscal 2010. Net...
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Environmental Update: Sainsbury’s, Venus Group, Mitsubishi
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.
Sainsbury’s Cuts Packaging by 75% for Milk Products
Sainsbury’s is set to become the first retailer in the UK to launch a full range of milk products packaged in plastic bags, which use 75 percent less packaging than equivalent...
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‘The Daily Wrap:’ Blockbuster, Wal-Mart, Quiznos
Blockbuster Adds Games to Mail Service
Media entertainment retailer has added video games to its rental by mail service. Blockbuster says it is now the first entertainment company to offer rentals of games, movies, and TV shows for home delivery through a single subscription service. Source: Blockbuster, Inc.
Appeals Court Dismisses Objection to Wal-Mart Employees Wage and Hour Settlement
The...
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‘The Daily Wrap:’ B&N, Gap, Starbucks
B&N Plans In-store Nook Promo
In September 2010, Barnes & Noble will begin an aggressive promotion of its Nook e-readers by building 1,000-square-foot boutiques in all of its stores, with sample Nooks, demonstration tables, video screens and employees who will give customers advice and operating instructions. Barnes & Noble sees the opportunity to promote the device in stores as a competitive...
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‘The Daily Wrap:’ McDonald’s, Applebee’s, GGP
McDonald’s Global Sales Drive Q2 Earnings
Fast food retailer McDonald’s Corporation reported a 15% increase in Q2 fiscal 2010 earnings, driven by 4.8% global comparable sales growth. McDonald’s also increased consolidated operating income 10%. Source: McDonald’s Corporation
Applebee’s Franchises 63 Restaurants
DineEquity, parent company of casual dining chain Applebee’s, will sell 63 corporate...
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‘The Daly Wrap:’ Starbucks, Wal-Mart, Supervalu
Starbucks Reports 10% Revenue Growth
Coffee retailer Starbucks Corporation reported results from its recently ended Q3 fiscal 2010 including 10% net revenue growth, driven by a 9% increase in global comparable store sales. Starbucks projects it will open 250 net new stores globally by the end of fiscal 2010 and 500 net new stores globally during fiscal 2011. Source: Starbucks Corporation
‘The Daily Wrap:’ Staples, Shaw’s, McDonald’s
Staples to Close Corporate Express Australia Acquisition
Office supply retailer Staples Inc. expects to close its acquisition of Corporate Express Australia on July 26, 2010. Its wholly-owned subsidiary Staples Australia currently owns a 92% stake in the company. Source: Staples Inc.
Shaw’s Resolves Strike
Supermarket retailer Shaw’s has resolved a four-month strike at a distribution...
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