Search

Seven & i Holdings Co. has denied reports that it plans to list or sell part of its supermarket unit Ito-Yokado, which has been facing competition from discount stores and online retailers. The company is considering setting up a new intermediate holding company for its general merchandising chains, including Ito-Yokado. Activist investor ValueAct has called on Seven & i to improve its valuation and pursue structural reform. The fate of Ito-Yokado has been the subject of speculation, with reports of potential store closures and a potential sale. Seven & i has previously announced a partnership with Ito-Yokado to add more diverse products to its convenience stores. [Extracted from the article]

Seven & i Holdings Co. is considering listing or selling its supermarket unit, Ito-Yokado, due to increasing competition from discount stores and online retailers. The company may set up a new intermediate holding company for its general merchandising chains. Activist investor ValueAct has called on Seven & i to improve its valuation and pursue structural reform. While a decision on whether to list Ito-Yokado has not been made, the company sees a path toward rebuilding its business. Seven & i has previously announced a partnership with Ito-Yokado to diversify its convenience stores. [Extracted from the article]

As I continued to peruse the wares, a hodgepodge of old and new, provinces hither and yon, the Pinterest board that I imagined Gelman must have made in her Six Bells ideation phase was a seizure of references. (Bloomberg) -- After stepping down from Wing, the chain of groovily appointed women's co-working clubhouses that was roiled in the early months of Covid-19 with complaints of staff mistreatment, co-founder and onetime Chief Executive Officer Audrey Gelman ducked out of the spotlight. [Extracted from the article]

The article presents an interview with the owner of the Landline general store in Paris, France Caroline Morrison. The store's focus on selling quality durable goods is described along with Morrison's decision to leave the luxury clothing industry, nostalgia as part of Landline's marketing strategy, and her competition with online shops.

A Parisian General Store's Radical Message for Its Customers? But the biggest challenge is convincing clients that they can change their habits for everything in their lives - not just buying that one pan for life, but also thinking about cleaning supplies or self-care products that go back into the water. (Bloomberg Businessweek) -- After 15 years working at high-end brands, Caroline Morrison left an international sales management role to introduce a more eco-conscious option to consumers. [Extracted from the article]

There's a true sense of community at the cafe, says Maarit Kivilahti, an owner who works there full-time as a salaried employee and serves as the company's managing director. (Bloomberg Businessweek) -- Anton & Anton Oy's shop in Kruununhaka was a fixture of the central district of Helsinki for a decade, drawing customers with its communality and exceptional food. The enterprise is on a path to profitability and longevity, according to Niina Hietalahti, an owner who was a founding partner of Anton & Anton. [Extracted from the article]

(Bloomberg) -- The Teamsters union is seeking a vote to organize a group of Dollar General Corp. warehouse workers in California, targeting a company that has repeatedly resisted past union efforts at a moment of increased clout for U.S. workers. The union filed Nov. 5 for an election involving about 40 employees in West Sacramento, according to the docket of the National Labor Relations Board, the federal agency responsible for enforcing labor rights and conducting unionization votes. [Extracted from the article]

(Bloomberg) -- Dollar General Corp. discount stores in Michigan willhost Covid-19 vaccine clinics to bring shots to hard-to-reachcommunities, according to a news release from the state health department. "Dollar General's footprint in the state of Michigan provides anopportunity to reach residents in rural and metropolitan communitiesalike with local access to the COVID-19 vaccine", Kelly Blankenship,Dollar General's vice president of store operations, said in the newsrelease. [Extracted from the article]

The Cuyana shop's first appearance will be at the Platform in Culver City, a boutique shopping center just west of downtown Los Angeles with trendy shops like Reformation, Monocle, and Broome Street General Store. (Bloomberg Businessweek) -- A new type of store is popping up at a California mall on June 10. [Extracted from the article]

The article focuses on how National Farm Stores Incorporated is providing U.S. farmers with a modern version of the traditional general store in an effort to create specialized farm centers that are based on suburban shopping centers. According to Harry A. Steffin, president of National Farm Stores, the company is trying to save farmers time and money through modern merchandising methods and services.

The article presents information on the business expansion plan of Gamble Stores Inc. under which it will launch new lines for its own and affiliated units. Gamble Stores is now have 1,900 midwestern and Pacific Coast outlets. The company and its affiliates have borrowed 4,800,000 dollars for financing the expansion.

(Bloomberg) -- Canadian retailers got a boost in February after public-health authorities lifted lockdowns. Furniture store sales as well as recreation and hobby store sales declined, falling 15.1% and 16.8% respectively. [Extracted from the article]

(Bloomberg) -- Target Corp. is the latest retailer to accuse some of America's top chicken producers of constraining poultry production and manipulating prices, according to a complaint filed in U.S. District Court. According to the complaints, the poultry companies were able to utilize Agri Stats' data to coordinate with one another on pricing and production levels. [Extracted from the article]

(Bloomberg) -- Target Corp. is the latest retailer to accuse some of America's top chicken producers of constraining poultry production and manipulating prices, according to a complaint filed in U.S. District Court. According to the complaints, the poultry companies were able to utilize Agri Stats' data to coordinate with one another on pricing and production levels. [Extracted from the article]

(Bloomberg) -- Arcadia Group, the retail empire controlled by Philip Green is likely to file for administration in the U.K. as early as next week, putting 13,000 jobs at risk. The owner of the Topshop and Topman brands wrote in an emailed statement that it's exploring "a number of contingency options" after the closure of its stores due to Covid-19 "had a material impact on trading across our businesses.". [Extracted from the article]

(Bloomberg) -- Retail sales in Canada came in better than expected in September, boosted by receipts of new cars, though a preliminary estimate for October shows the momentum was short-lived. Sales jumped 1.1% in September, Statistics Canada said Friday in Ottawa, well above the 0.2% median forecast of economists in a Bloomberg survey, and an acceleration from 0.5% in August. [Extracted from the article]

(Bloomberg) -- As restaurants across the country plan their reopenings, most are looking at a future of thermal cameras, plexiglass separators, and designer masks. Il Buco Alimentari e Vineria is bringing back their beloved chef Justin Smillie to take over the kitchen and oversee its market. [Extracted from the article]

(Bloomberg) -- For middle-class Americans in the 20th century, J.C. Penney was one of the first places to look when you needed work pants or underwear, toys or towels, chairs or china. Penney's stores survived and became a staple of suburban shopping centers. [Extracted from the article]

Cafes bustled with customers, parks teemed with sunbathers, and the first Apple store to reopen outside China had lines snaking out the door as many South Koreans -- almost all wearing masks -- emerged from months of self-isolation. The Apple store in the posh Gangnam neighborhood is the first location outside China to come back online since the iPhone maker shuttered all its stores in March to help curb the spread of the virus. A block away from the Apple store, at a boutique clothes shop, Park Choon Kweon said he is seeing more people on the street these days, but many of them are still refraining from coming inside to shop. [Extracted from the article]

Inditex SA's main import and export airport hub in Spain is ramping-up as business in Asia picks up, following restrictions due to to the coronavirus earlier in the year. Inditex, the world's largest retailer, uses the Zaragoza airport, one of Spain's three largest cargo airports, as a base to import textile products and export apparel. The Zaragoza airport is one of Spain's three largest cargo airports, and had the second highest cargo traffic in February, before the coronavirus crisis hit the country in full, according to official data. [Extracted from the article]

(Bloomberg) -- Apple Inc.'s iPhone shipments plunged more than 60% last month, according to official Chinese data, as the coronavirus forced the U.S. technology giant to close stores in the world's largest smartphone market. Shipments dropped to about 494,600 units from year-earlier levels, according to Bloomberg calculations based on monthly data from the China Academy of Information and Communications Technology, a government think tank. [Extracted from the article]

(Bloomberg) -- The owner of the Primark budget fashion chain warned that any prolonged manufacturing delays at its factories in China due to the coronavirus could cause supply shortages on certain lines later this year. Sales at Primark will be 4.2% ahead of last year in the first half at constant currency rates, driven by increased store space, the company said. [Extracted from the article]

(Bloomberg) -- The owner of the Primark budget fashion chain warned that any prolonged manufacturing delays at its factories in China due to the coronavirus could cause supply shortages on certain lines later this year. It said sales at Primark would be 4.2% ahead of last year in the first half at constant currency rates, driven by increased store space. [Extracted from the article]

Across China, thousands of stores have been shuttered, shopping malls are deserted and travel is heavily restricted in a dramatic effort to contain the novel coronavirus that has exploded into an epidemic in just a few weeks. Cancellations have spread to major hubs such as Beijing and Hong Kong as carriers from British Airways to Singapore Airlines and United Airlines have suspended flights. [Extracted from the article]

The article presents information about inventories in the U.S. in 1986. A leanness was seen in inventories held by manufacturers and factory stock levels fell in October. But retail inventories are going up and higher car inventories account for more than two-thirds of that rise. Much of the inventory rise is higher at general merchandise stores.

The article offers news briefs related to marketing in the U.S. in 1965. It says that Albert Champion (AC) Spark Plug is launching a travel promotion campaign for the winter season, when travel season usually runs out. It states that Minnesota Mining & Manufacturing Co. (3M Co.) is offering a package containing a transmitting unit and tape for background music which were capable of running for 24 hours. It mentions that Kroger Co. will open a general store in Nashville, Tennessee.

The article deals with the plan of President Albert H. Morrill of Kroger Grocery and Baking Co. to hold general grocery, meat, and produce departments in Sears, Roebuck & Co. department stores at Chicago and Cincinnati.

The article reports on the survey by A. C. Nielsen Co. which reveals that sales of grocery and county general stores in the gas-station area have increased by nine to 12% between February and May 1942 in the U.S. It mentions the contribution of tire and gas rationing in aiding the financial condition of small country grocers while hurting the sales of larger stores. It also cites several factors of the said trend including price, sufficiency of stocks and prosperity of the area.

Cheaper brand follows a dozen launches in past year at Target Watch out dollar stores, Target Corp. wants to steal your shoppers. [Extracted from the article]

SM Prime Holdings Inc., the largest Philippine shopping mall developer, will build Ikea's first store in the country within its retail complex, with plans for similar arrangement with the Swedish furniture company at its other properties. AttributionLinus Chua: editor primaryCecilia Yap: editor secondaryIan Sayson: by reporterDivya Balji: editor responsible. [Extracted from the article]

Company sets shopping center tie-up with Japan's Izumi Seven & i also announced a business tie-up with shopping center operator Izumi Co., in which Seven & i will transfer the operations of an Ito-Yokado shopping center in western Japan to Izumi next year. Convenience-store chain operators in Japan have been turning to automation and other means to absorb higher labor costs, even as workers move into better-paying jobs. [Extracted from the article]

Dollar General has been upgrading its stores and adding hundreds of new locations -- part of a bid to go after a broader swath of shoppers, including a more upscale consumer who might not typically visit a dollar store. Third-quarter profit amounted to 93 cents a share, missing analysts' estimates by a penny. [Extracted from the article]

Despite its union with Kmart - the second-largest retailer from that era - and a stated belief that it can still turn things around, Sears is teetering on the edge of disaster. The combined decline of Sears and Kmart, in terms of sales, is unprecedented, said Greg Portell, an analyst at A.T. Kearney. Sears and Kmart have watched their customer bases shrink amid a never-ending string of store closures. [Extracted from the article]

(Bloomberg Gadfly) -- Fickle Fashion Is Making Zalando's Investors Nervous: Gadfly They argue Zalando has more to lose from Amazon's encroachment into fashion than rivals Asos and higher-end focused Yoox Net-a-Porter Group. Zalando's enterprise value is a still only 1.8 times revenue -- less than Asos's multiple of 2.2 and boohoo.com's 4.1, according to Bloomberg data. [Extracted from the article]

Seven & i also announced a capital alliance with a local retailer and will transfer three Sogo & Seibu department stores to the partner. The activist investor has also been pushing the retailer to restructure Ito-Yokado and divest Sogo & Seibu and Barney's Japan. Large-scale retail chains that operate department stores and supermarkets are being challenged by changing shopping habits, with penny-pinching Japan consumers increasingly making purchases online and eating at fast-food restaurants and convenience stores. [Extracted from the article]

J Sainsbury Plc said it's scrapping a trial of Netto stores in the U.K., abandoning a two-year effort to directly challenge discounters Aldi and Lidl. The decision by Sainsbury and Danish joint-venture partner Dansk Supermarked shows the difficulties traditional supermarkets are having in coping with the rapid expansion of the German discounters. [Extracted from the article]

Cracker Barrel Old Country Store Inc., which reports earnings on Wednesday, may be the latest restaurant company to benefit from Americans' reignited love of breakfast. Attribution Kevin Orland: editor Nick Turner: editor responsible Leslie Patton: by reporter. [Extracted from the article]

To contact the reporter on this story:Sam Chambers in London at schambers7@bloomberg.netTo contact the editors responsible for this story:Matthew Boyle at mboyle20@bloomberg.netSteve Geimann, Dylan Griffiths Attribution Sam Chambers: by reporter Steve Geimann: editor Matthew Boyle: editor responsible Dylan Griffiths: editor. [Extracted from the article]

The two companies will open Sodimac home-improvement stores In 2013, Falabella acquired half of Brazilian home-improvement store Construdecor and now operates 58 stores in that country. [Extracted from the article]

Spanish supermarket chain to have 100 branded Nigeria stores The Nigerian operator of Spanish supermarket chain Distribuidora Internacional de Alimentacion SA plans to open more than 100 stores by 2020 to take advantage of rising spending in Africa's most populous country. [Extracted from the article]

The cooks here smoke those eels along with chickens, bluefish, even butter, but perhaps most importantly, pastrami. It transforms into something luxurious when brined, smoked, and finally steamed, but this would be irrelevant if the Pop's Pastrami sandwich ($17.50), where much of the smoked meat at Harry & Ida's ends up, wasn't built so masterfully. [Extracted from the article]

(Bloomberg) -- This Is Macy's Idea of a Millennial Wonderland A video wall shows Instagram photos from people who have tagged the store, and there's a "selfie wall" to take photos in front of images of New York City landmarks - including the exterior of the store they're in. "This is the selfie generation", said Baxter. One Below is the department store's massive new area for young shoppers Attribution Kim Bhasin: author Alex Dickinson: editor. [Extracted from the article]

Canadian retail sales rose faster than economists forecast in February, with gains across all major categories led by general merchandise stores and the first gain in car sales in five months. Sales rose 1.7 percent to C$42.2 billion ($34.7 billion), Statistics Canada said Friday in Ottawa, faster than all 17 forecasts in a Bloomberg survey that had a median gain of 0.5 percent. Receipts rose 5.6 percent to C$5.67 billion at general merchandise stores, and by 0.9 percent at motor vehicle and parts dealers, Statistics Canada said. [Extracted from the article]

Lenta Ltd., the Russian hypermarket operator backed by U.S. fund TPG Capital, said sales growth may accelerate this year on the back of surging inflation in the country and new store openings. Sales growth has been accelerating from November to date with "exceptionally strong" same-store traffic and average spending boosted by inflation, which reached 16.7 percent in Russia in February. [Extracted from the article]

Distribuidora Internacional de Alimentacion SA, a Spanish discount grocer, agreed to sell its French business to Carrefour SA less than three years after Carrefour spun off the retailer. Carrefour will buy back the stores for an enterprise value of 600 million euros ($816 million), the Boulogne Billancourt, France-based company said today in a statement. DIA, as the Madrid-based retailer is known, has more than 800 French stores. [Extracted from the article]

J Sainsbury Plc, the U.K.'s third-largest supermarket company, plans to enter the booming discount grocery market by bringing Netto stores back to Britain. Sainsbury, which has focused on premium own-brand food to fend off incursions being made by German budget chains Aldi and Lidl, is joining forces with Netto's Danish parent company Dansk Supermarked to open 15 stores by the end of 2015. [Extracted from the article]