eCommerce

New York City -- Discount grocer Aldi has made its U.S. mall debut, opening in Westfield Chicago Ridge, an 800,000-sq.-ft. enclosed shopping center in Chicago Ridge, Ill. The mall is a property of The Westfield Group.

The 20,000-sq.-ft. store offers the same prices and products as other Aldi stores, and also features the retailer’s current interior prototype elements. The store is entered through the mall entrances.

Boston -- A survey released Tuesday by the Boston Consulting Group found that a growing number of consumers around the world are growing more anxious about the future, and are planning to reduce or maintain -- but not increase -- their spending.

STOCKHOLM — H&M announced that it is collaborating with Versace for its autumn 2011 designer collection. Designed by its creative director Donatella Versace, the exclusive collection will look back to the vibrant heritage of the brand, full of leather, print, colour and exuberance in exclusive materials at fantastic H&M prices, according to the company. The collection will include ranges for women, men and selected pieces for the home. It will be available from Nov. 17 in around 300 stores worldwide, as well as on-line.

New York City -- Barnes & Noble reported Tuesday that its loss for the quarter ended April 30 widened to $59.4 million, from a loss of $32 million in the year-ago period. The book seller said its results were hurt by liquidation sales by bankrupt Borders, as well as impacted by ongoing investment in the Nook.

Revenue rose 4% to $1.37 billion from $1.32 billion in the prior year, missing Wall Street’s estimate of $1.39 billion in revenue.

Same-store sales dropped 2.9%.

NEW YORK — Borders' closings, and subsequent clearance sales, took a toll on Barnes & Noble's fourth-quarter results. B&N said that its 2.9% drop in same-store sales for the quarter were temporarily negatively impacted by the liquidation of over 200 Borders bookstores during that time. 

The trouble didn't end there for Barnes & Noble, which reported a fourth-quarter consolidated net loss of $59 million, or $1.04 per share. The company's total store sales were $943 million.

Minneapolis -- Best Buy Co. said Tuesday that it will buy back $5 billion of its common stock and raise its quarterly dividend by 7%.

The retailer said that the buyback replaces a $5.5 billion repurchase program that had about $800 million left as of May 28. The announcement came just ahead of its shareholders meeting in Richfield, Minn.

Paris -- The Carrefour SA board of directors on Tuesday approved a plan for its CEO Lars Olofsson to also assume the role of chairman. According to a report by the Wall Street Journal, Olofsson will take over as current chairman Amaury de Seze announced Tuesday that he would step down.

"The time has come to reunite the two functions," De Seze said. He will remain on Carrefour's board.

SAN FRANCISCO — Williams-Sonoma that its board of directors has elected Rose Marie Bravo to the board.