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  • Report: Alsea to invest $110 million to expand Starbucks in Latin America

    New York – Alsea, Latin America's biggest restaurant operator, will invest $110 million over the next three years in 220 new Starbucks cafes in Mexico and Argentina, Reuters reported.

    Around $75 million of the investment would be put into some 170 new stores in Mexico, which is Starbucks' fastest-growing Latin American market, with the balance going to its number two regional market Argentina, according to the report.

    Currently, Argentina and Brazil have about 50 Starbucks stores each.

     

  • NRF survey details holiday spending plans

    Washington, D.C. -- Most consumers will take a conservative approach with their holiday gift-giving budgets, according to NRF’s holiday consumer spending survey conducted by BIGinsight. The average holiday shopper will spend $749.51 on gifts, décor, greeting cards and more, up slightly from the $740.57 they spent last year. NRF forecasts that holiday sales will increase 4.1% to $586.1 billion.

  • Nordstrom Rack to open third Long Island location

    Seattle -- Nordstrom plans to open a Nordstrom Rack on Long Island, N.Y., at Manhasset Center, which is owned and operated by Kimco Realty Corp.

    The approximately 32,000-sq.-ft. store will be the retailer's third Nordstrom Rack location on Long Island and is scheduled to open in spring 2013.

    The new two-level Nordstrom Rack will move into the former Filene's Basement location at Manhasset Center and will occupy space on both the ground and second level.

     

  • Claire’s Stores makes El Salvador debut

    Chicago -- Claire's Stores announced the opening of the first Claire's store in El Salvador. The store is located in the Metro Center Mall in the city of San Salvador.

    Claire's partnered with Coquerias S. A. for the new store. Coquerias S.A. is also Claire's franchise partner in the Guatemala market.  

    With the opening in El Salvador, the Claire's brand now reaches 34 countries globally.  

     

  • Target to open new store in Staten Island; second CityTarget planned for San Francisco

    Minneapolis -- Target announced plans to open a store in Staten Island, N.Y., in July 2013. The 150,000-sq.-ft. store will be located at the Richmond Shopping Center.

    In addition, Target said it will open its second CityTarget store in the city of San Francisco, in October 2013. The new, 119,000-sq.-ft. CityTarget will be located at the southwest corner of Geary and Masonic Streets. On Oct. 10, the retailer opened the doors to the city’s first-ever Target store, also a CityTarget, at the Metreon.

  • Toys'R'Us, Shaq team up to bring toys to needy children

    WAYNE, N.J. — Toys"R"Us has launched its annual nationwide fundraising campaign to benefit the Marine Toys for Tots Foundation. The company has once agained teamed up with Shaquille O'Neal to encourage customers to "Give Back with Shaq."

  • Kettle Brands adds baked chip to lineup

    SALEM, Ore. — Kettle Brand has added toasted snacks to its portfolio of all-natural snacks. New Kettle Brand Bakes are toasted rather than kettle-cooked and contain 65% less fat than Kettle’s fried chips. They contain no trans fats, no artificial colors or flavors, and no preservatives.

    Kettle Brand Bakes are the only baked potato chip on the market made from slices of real potato seasoned with natural, savory flavors. Competitive baked crisps are made using dehydrated potato pulp and flakes.

  • Celliant brings textile technology to Dick's

    LOS ANGELES — Celliant, a maker of textile technology for apparel, has partnered with Dick's Sporting Goods to launch a new line of Koppen men's and women's baselayers, which features Celliant technology and is available exclusively at Dick's Sporting Goods.

  • Target awareness strong well before Canadian entry

    Cambridge, Mass. — Target should be feeling confident about its upcoming entry into Canada, as a recent survey from Kantar Retail and TNS Canada revealed that 75% of Canadians are aware of the retailer.

    Furthermore, 43% of Canadian consumers said that they were likely to shop at Target Canada for grocery or health and beauty aids and 50% were likely to shop at Target Canada for general merchandise or apparel.

  • Gap Inc. streamlines leadership to fuel growth

    San Francisco — Gap Inc. is bringing several of its divisions under the leadership of one executive in order to fuel long-term growth.

    With the start of the 2013 fiscal year, the company will bring together its North American, international, online, outlet and franchise divisions under a single global executive for each of its Gap, Banana Republic and Old Navy brands. In addition, the company will form a new Innovation and Digital Strategy team to further its leadership position in this area.

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