Retail News:Roots rides Olympic momentum
Cashing in on sponsorships, partnerships
By MARINA STRAUSS
RETAILING REPORTER
Tuesday, February 26, 2002
Roots Canada Ltd. has won global recognition for its Olympics gear -- and is starting to cash in on the momentum as it focuses on corporate sponsorships, new partnerships and sports opportunities.
Retail News:U.S. retail stocks set to outperform, report suggests
By ANGELA BARNES
INVESTMENT REPORTER
Wednesday, February 27, 2002
Seasonal, cyclical and fundamental factors all suggest that U.S. retailing stocks are likely to outperform the market at least through the end of March, a Merrill Lynch & Co. Inc. report suggests.
By ANGELA BARNES
INVESTMENT REPORTER
Wednesday, February 27, 2002
Seasonal, cyclical and fundamental factors all suggest that U.S. retailing stocks are likely to outperform the market at least through the end of March, a Merrill Lynch & Co. Inc. report suggests.
Business News:Job reviews rife with bias: study
A U of T professor finds that many managers are inconsistent when rating employees
By VIRGINIA GALT
Wednesday, February 27, 2002
TORONTO -- Work deemed praiseworthy by one manager could well be panned by another, according to new research that has uncovered striking inconsistencies in the way performance reviews are conducted.
A U of T professor finds that many managers are inconsistent when rating employees
By VIRGINIA GALT
Wednesday, February 27, 2002
TORONTO -- Work deemed praiseworthy by one manager could well be panned by another, according to new research that has uncovered striking inconsistencies in the way performance reviews are conducted.
Retail News:Evidence points to fraud by Dylex owner: judge
By MARINA STRAUSS
RETAILING REPORTER
Thursday, February 28, 2002
Evidence supports the case that the new U.S.-controlled owner of bankrupt Dylex Ltd. committed fraud in its acquisition of the retailing company, the Ontario Superior Court ruled yesterday.
By MARINA STRAUSS
RETAILING REPORTER
Thursday, February 28, 2002
Evidence supports the case that the new U.S.-controlled owner of bankrupt Dylex Ltd. committed fraud in its acquisition of the retailing company, the Ontario Superior Court ruled yesterday.
Retail News:Neiman Marcus Profits Down Sharply
February 28, 2002 07:57 AM ET
DALLAS (Reuters) - Luxury retailer Neiman Marcus Group Inc. NMGa.N on Thursday reported a 40 percent decrease in quarterly earnings as the U.S. recession hurt sales of high-end clothing and accessories.
February 28, 2002 07:57 AM ET
DALLAS (Reuters) - Luxury retailer Neiman Marcus Group Inc. NMGa.N on Thursday reported a 40 percent decrease in quarterly earnings as the U.S. recession hurt sales of high-end clothing and accessories.
Retail News:Gap pins loss on poor fashion sense
CEO apologizes for bright leather jackets and 'some very strange-looking jeans'
Victoria Colliver, Chronicle Staff Writer
Wednesday, February 27, 2002
In reporting Gap Inc.'s $34.2 million fourth-quarter loss yesterday, CEO Millard "Mickey" Drexler sounded like he was describing the responsible, reliable child who tried -- unsuccessfully -- to be a rebel.
CEO apologizes for bright leather jackets and 'some very strange-looking jeans'
Victoria Colliver, Chronicle Staff Writer
Wednesday, February 27, 2002
In reporting Gap Inc.'s $34.2 million fourth-quarter loss yesterday, CEO Millard "Mickey" Drexler sounded like he was describing the responsible, reliable child who tried -- unsuccessfully -- to be a rebel.
Retail News:CNN.com - Harrods looking 'favorably' at Chicago store
February 24, 2002
Posted: 8:58 AM EST (1358 GMT)
Harrods may open its first store outside the United Kingdom across from Marshall Field's in Chicago.
CHICAGO, Illinois (AP) -- When Mayor Richard Daley visited London in June, he got more than a sweater and shirts at Harrods, the world famous department store. He got another one of his big ideas.
February 24, 2002
Posted: 8:58 AM EST (1358 GMT)
Harrods may open its first store outside the United Kingdom across from Marshall Field's in Chicago.
CHICAGO, Illinois (AP) -- When Mayor Richard Daley visited London in June, he got more than a sweater and shirts at Harrods, the world famous department store. He got another one of his big ideas.
Retail News:Gap's quarterly results to reflect troubled year
February 25, 2002 03:23 PM ET
by Jackie Sindrich
NEW YORK, Feb 25 (Reuters) - Gap Inc. is set to post a second-straight quarterly loss on Tuesday, as the nation's largest clothing chain struggles to win back once-loyal customers' interest in its clothes.
February 25, 2002 03:23 PM ET
by Jackie Sindrich
NEW YORK, Feb 25 (Reuters) - Gap Inc. is set to post a second-straight quarterly loss on Tuesday, as the nation's largest clothing chain struggles to win back once-loyal customers' interest in its clothes.
Retail News:Revlon Fourth-Quarter Net Loss Narrows
February 25, 2002 03:43 PM ET
NEW YORK (Reuters) - Cosmetics maker Revlon Inc. on Monday posted a narrower fourth-quarter loss as it cut costs, but the company said overall demand for its products were disappointing.
February 25, 2002 03:43 PM ET
NEW YORK (Reuters) - Cosmetics maker Revlon Inc. on Monday posted a narrower fourth-quarter loss as it cut costs, but the company said overall demand for its products were disappointing.
Retail News:Music Biz in a Funk
February 25, 2002 08:20 AM ET
By Justin Oppelaar
NEW YORK (Variety) - The total number of units shipped by the major record labels sank by more than 10 percent in 2001 -- a decline the industry blamed in part on the ballooning growth of Internet piracy, but which others claim may also reflect more fundamental troubles in the business.
February 25, 2002 08:20 AM ET
By Justin Oppelaar
NEW YORK (Variety) - The total number of units shipped by the major record labels sank by more than 10 percent in 2001 -- a decline the industry blamed in part on the ballooning growth of Internet piracy, but which others claim may also reflect more fundamental troubles in the business.
Retail News:Wal - Mart Workers Claim Pay Problems
February 22, 2002
By THE ASSOCIATED PRESS
NORMAN, Okla. (AP) -- Two former Wal-Mart employees are suing the retail giant for allegedly forcing workers to put in extra hours without pay.
February 22, 2002
By THE ASSOCIATED PRESS
NORMAN, Okla. (AP) -- Two former Wal-Mart employees are suing the retail giant for allegedly forcing workers to put in extra hours without pay.
Retail News:Analysts, Amazon say iMac sales strong
February 22, 2002
Margaret Kane, CNET News.com
Apple Computer's new iMacs appear to be off to a good start, according to anecdotal evidence from Amazon.com and Wall Street analysts.
February 22, 2002
Margaret Kane, CNET News.com
Apple Computer's new iMacs appear to be off to a good start, according to anecdotal evidence from Amazon.com and Wall Street analysts.
Retail News:Avon Is Using Real Women and Believable Promises
By COURTNEY KANE
Now that Avon Products is supplementing its door-to-door army of Avon Ladies by selling its cosmetics at more conventional Avon Centers in some J. C. Penney stores, it is adopting an equally radical approach to its advertising: real women and realistic promises
By COURTNEY KANE
Now that Avon Products is supplementing its door-to-door army of Avon Ladies by selling its cosmetics at more conventional Avon Centers in some J. C. Penney stores, it is adopting an equally radical approach to its advertising: real women and realistic promises
Retail News:Nordstrom earnings up 88 percent
February 21, 2002 06:09 PM ET
By Anna Driver
CHICAGO, Feb 21 (Reuters) - Upscale retailer Nordstrom Inc. JWN.N on Thursday said fiscal fourth-quarter profits rose 88 percent, helped partly by a smaller-than-expected decline in sales and lower markdowns on merchandise.
February 21, 2002 06:09 PM ET
By Anna Driver
CHICAGO, Feb 21 (Reuters) - Upscale retailer Nordstrom Inc. JWN.N on Thursday said fiscal fourth-quarter profits rose 88 percent, helped partly by a smaller-than-expected decline in sales and lower markdowns on merchandise.
Retail News:Spiegel 4th-qtr profits plunge
February 21, 2002 06:33 PM ET
By Jackie Sindrich
NEW YORK, Feb 21 (Reuters) - Battered catalog retailer Spiegel Group SPGLA.O on Thursday reported a 19-percent decline in fourth-quarter earnings and said it would sell its long-troubled credit card business and close 45 Eddie Bauer stores.
February 21, 2002 06:33 PM ET
By Jackie Sindrich
NEW YORK, Feb 21 (Reuters) - Battered catalog retailer Spiegel Group SPGLA.O on Thursday reported a 19-percent decline in fourth-quarter earnings and said it would sell its long-troubled credit card business and close 45 Eddie Bauer stores.
Retail News:Federated Opens Door to Sell Fingerhut
February 21, 2002 07:50 PM ET
NEW YORK (Reuters) - Department store operator Federated Department Stores Inc. FD.N on Thursday signed a preliminary agreement to sell its Fingerhut Cos. catalog unit to a turnaround specialist, but left the door open for additional bids.
(Read through the article for discussion on Federated's attempt to get into the online market, and their return to their core business.)
February 21, 2002 07:50 PM ET
NEW YORK (Reuters) - Department store operator Federated Department Stores Inc. FD.N on Thursday signed a preliminary agreement to sell its Fingerhut Cos. catalog unit to a turnaround specialist, but left the door open for additional bids.
(Read through the article for discussion on Federated's attempt to get into the online market, and their return to their core business.)
Retail News:"Mattress money" boosts Irish Dec retail sales
February 22, 2002 08:49 AM ET
By Kevin Smith
DUBLIN, Feb 22 (Reuters) - Irish annual retail sales surged nearly 12 percent in December as Christmas shoppers rushed to clear the decks of Irish currency ahead of the euro changeover, economists said on Friday.
February 22, 2002 08:49 AM ET
By Kevin Smith
DUBLIN, Feb 22 (Reuters) - Irish annual retail sales surged nearly 12 percent in December as Christmas shoppers rushed to clear the decks of Irish currency ahead of the euro changeover, economists said on Friday.
Business:Small Business Builder: Clean Up or Pay Up
Dishonesty May Be Hazardous to Your Business Wealth
A company ethics program is well worth the cost for businesses.
What is an ethical business? It's hard to say when the rules keep changing.
Dishonesty May Be Hazardous to Your Business Wealth
A company ethics program is well worth the cost for businesses.
What is an ethical business? It's hard to say when the rules keep changing.
Retail NewsFrench consumers cut back spending in January
February 21, 2002 04:19 AM ET
By Paul Carrel
PARIS, Feb 21 (Reuters) - French consumers trimmed their spending in January, jolting hopes for an early rebound in the euro zone's second-biggest economy and raising questions
February 21, 2002 04:19 AM ET
By Paul Carrel
PARIS, Feb 21 (Reuters) - French consumers trimmed their spending in January, jolting hopes for an early rebound in the euro zone's second-biggest economy and raising questions
Retail News:Beckham in world cup merchandise talks with Marks & Spencer
February 21, 2002 05:09 AM ET
LONDON, Feb 21 (Reuters) - David Beckham, famed for his fashion sense as well as for his football, is in talks with Marks and Spencer MKS.L over endorsing its World Cup 2002 merchandise, the retail chain confirmed on Thursday.
February 21, 2002 05:09 AM ET
LONDON, Feb 21 (Reuters) - David Beckham, famed for his fashion sense as well as for his football, is in talks with Marks and Spencer MKS.L over endorsing its World Cup 2002 merchandise, the retail chain confirmed on Thursday.
Retail News:UK retail sales fall again in January
February 21, 2002 05:18 AM ET
By Stephen Cunningham and Toby Reynolds
LONDON, Feb 21 (Reuters) - Retail sales in Britain fell for the second month in a row in January, confounding expectations for a strong bounce back, official figures showed on Thursday.
February 21, 2002 05:18 AM ET
By Stephen Cunningham and Toby Reynolds
LONDON, Feb 21 (Reuters) - Retail sales in Britain fell for the second month in a row in January, confounding expectations for a strong bounce back, official figures showed on Thursday.
Retail News:Outlook Cautious for Retailers This Year
By Catherine Valenti Jan. 15
Retailers may have done better than expected in December's critical shopping season, but the industry is still expected to face quite a few challenges this year.
Many economists and industry watchers say retailers will have to walk a balancing act between promotions and exciting new products to get consumers interested in buying this year.
By Catherine Valenti Jan. 15
Retailers may have done better than expected in December's critical shopping season, but the industry is still expected to face quite a few challenges this year.
Many economists and industry watchers say retailers will have to walk a balancing act between promotions and exciting new products to get consumers interested in buying this year.
Trends: What are the Must-Have Clothes This Spring?
Feb. 15
When it comes to fashion, designer clothes might be outrageously expensive, but inspiration is free.
Mary Alice Stephenson, fashion director for Harper's Bazaar, appeared on Good Morning America to review the top four fall 2002 trends that she spotted during Fashion Week in New York, which just ended. It was the first fashion preview since last spring because the shows that would have happened this fall were scheduled to begin on Sept. 11.
Feb. 15
When it comes to fashion, designer clothes might be outrageously expensive, but inspiration is free.
Mary Alice Stephenson, fashion director for Harper's Bazaar, appeared on Good Morning America to review the top four fall 2002 trends that she spotted during Fashion Week in New York, which just ended. It was the first fashion preview since last spring because the shows that would have happened this fall were scheduled to begin on Sept. 11.
Retail News:US web site retail sales rose in fourth quarter 2001
February 20, 2002 10:36 AM ET
WASHINGTON, Feb 20 (Reuters) - Sales at U.S. online retailers rose 34.4 percent in the last three months of 2001 from the third quarter, and were up 13.1 percent from a year earlier, the government said on Wednesday, as shoppers increasingly used the Internet to make holiday purchases.
February 20, 2002 10:36 AM ET
WASHINGTON, Feb 20 (Reuters) - Sales at U.S. online retailers rose 34.4 percent in the last three months of 2001 from the third quarter, and were up 13.1 percent from a year earlier, the government said on Wednesday, as shoppers increasingly used the Internet to make holiday purchases.
Retail News:Smitten Americans crowd stores on Valentine's Day
February 20, 2002 12:07 PM ET
By Pedro Nicolaci da Costa
NEW YORK, Feb 20 (Reuters) - Love-struck Americans packed U.S. malls last week, lifting sales at the nation's chain stores with purchases of flowers, candy and jewelry around Valentine's Day, two reports released on Wednesday showed.
February 20, 2002 12:07 PM ET
By Pedro Nicolaci da Costa
NEW YORK, Feb 20 (Reuters) - Love-struck Americans packed U.S. malls last week, lifting sales at the nation's chain stores with purchases of flowers, candy and jewelry around Valentine's Day, two reports released on Wednesday showed.
Retail News:Upmarket retailers feel pinch as thrift thrives
By ERIC REGULY
Tuesday, February 19, 2002 Print Edition, Page B1
One of the reasons Wal-Mart does so well in Canada is that Canada's standard of living is waning. Canadians, in effect, are becoming low-rent cheapskates who demand bargains, even if it means shopping in a box with all the personality of the airport hangars they resemble.
By ERIC REGULY
Tuesday, February 19, 2002 Print Edition, Page B1
One of the reasons Wal-Mart does so well in Canada is that Canada's standard of living is waning. Canadians, in effect, are becoming low-rent cheapskates who demand bargains, even if it means shopping in a box with all the personality of the airport hangars they resemble.
Retail News:Sears abandons Eatons brand
Chain to close or convert remaining seven outlets of 133-year-old retailer by summer
By ELIZABETH CHURCH
Tuesday, February 19, 2002 Print Edition, Page B1
TORONTO -- Sears Canada Inc. has pulled the plug on its money-losing experiment in high-end retailing, announcing yesterday that all seven of its Eatons stores will be closed or converted to Sears outlets by the summer.
Chain to close or convert remaining seven outlets of 133-year-old retailer by summer
By ELIZABETH CHURCH
Tuesday, February 19, 2002 Print Edition, Page B1
TORONTO -- Sears Canada Inc. has pulled the plug on its money-losing experiment in high-end retailing, announcing yesterday that all seven of its Eatons stores will be closed or converted to Sears outlets by the summer.
Retail News:
ABCNEWS.com : Wal-Mart Poised to Top Fortune 500 List
As Wal-Mart Tallies 2001 Revenues, Top Spot on Fortune 500 Looks Likely
Wal-Mart is the largest company in the United States in terms of revenue, according to the company's latest estimates.
(The second part of this article discusses Wal-Mart's retail strategy that help them rise to the top.)
ABCNEWS.com : Wal-Mart Poised to Top Fortune 500 List
As Wal-Mart Tallies 2001 Revenues, Top Spot on Fortune 500 Looks Likely
Wal-Mart is the largest company in the United States in terms of revenue, according to the company's latest estimates.
(The second part of this article discusses Wal-Mart's retail strategy that help them rise to the top.)
Retail News:Toys aimed at toddlers seen as a growth market
February 15, 2002 02:12 PM ET
By Maureen Bavdek
NEW YORK, Feb 15 (Reuters) - Your playful toddler doesn't know it, or care, but he is a hot marketing target for toy manufacturers looking to grab a slice of the growing preschool segment of toy sales.
February 15, 2002 02:12 PM ET
By Maureen Bavdek
NEW YORK, Feb 15 (Reuters) - Your playful toddler doesn't know it, or care, but he is a hot marketing target for toy manufacturers looking to grab a slice of the growing preschool segment of toy sales.
Retail News:Surfers Rush to Web for Valentine's Day
February 15, 2002 03:11 PM ET
NEW YORK (Reuters) - Surfers rushed to the Web during the week ended Feb. 10, to send Valentine's Day gifts and online greetings to loved ones, according to Internet audience measurement service Nielsen//NetRatings.
February 15, 2002 03:11 PM ET
NEW YORK (Reuters) - Surfers rushed to the Web during the week ended Feb. 10, to send Valentine's Day gifts and online greetings to loved ones, according to Internet audience measurement service Nielsen//NetRatings.
Retail News:Approval for Sunday shopping raises fears
By KEVIN COX
Wednesday, February 13, 2002
HALIFAX -- One of the last holdouts against Sunday shopping loosened its grip yesterday. Moncton and its neighbouring community of Dieppe became the first municipalities in the Maritimes to allow stores to open seven days a week year-round.
By KEVIN COX
Wednesday, February 13, 2002
HALIFAX -- One of the last holdouts against Sunday shopping loosened its grip yesterday. Moncton and its neighbouring community of Dieppe became the first municipalities in the Maritimes to allow stores to open seven days a week year-round.
Retail News:U.S. kid's wear chain coming
Children's Place has bought 23 store leases
By MARINA STRAUSS
RETAILING REPORTER
Wednesday, February 13, 2002
The U.S. retail chain Children's Place will begin this summer what it calls an aggressive move into Canada with its popularly-priced children's wear -- a development observers say is bound to take a bite out of domestic players.
Children's Place has bought 23 store leases
By MARINA STRAUSS
RETAILING REPORTER
Wednesday, February 13, 2002
The U.S. retail chain Children's Place will begin this summer what it calls an aggressive move into Canada with its popularly-priced children's wear -- a development observers say is bound to take a bite out of domestic players.
Retail News:German retail outlook gloomy as Dec sales slump
February 14, 2002 11:36 AM ET
By Fiona Shaikh
FRANKFURT, Feb 14 (Reuters) - Germany said on Thursday its shops experienced a miserable Christmas sales period, and a key retail association warned of a gloomy outlook ahead as rising unemployment maintains consumers' reluctance to spend.
February 14, 2002 11:36 AM ET
By Fiona Shaikh
FRANKFURT, Feb 14 (Reuters) - Germany said on Thursday its shops experienced a miserable Christmas sales period, and a key retail association warned of a gloomy outlook ahead as rising unemployment maintains consumers' reluctance to spend.
Business News:Comcast to stop storing Web users' data
February 13, 2002
Stefanie Olsen; Margaret Kane, CNET News.com
Bowing to criticism, Comcast said Wednesday it would not store data on customers' Web site usage gathered via its Internet pipelines.
The cable company, the third largest in the United States, came under fire Tuesday after reports charged it had installed software that compiled detailed records of its customers' Web usage. The software--part of a newly built high-speed Internet service created in the wake of the Excite@Home bankruptcy--was apparently intended to speed up service and cut costs by "caching," or preloading, sites most requested by its customers.
February 13, 2002
Stefanie Olsen; Margaret Kane, CNET News.com
Bowing to criticism, Comcast said Wednesday it would not store data on customers' Web site usage gathered via its Internet pipelines.
The cable company, the third largest in the United States, came under fire Tuesday after reports charged it had installed software that compiled detailed records of its customers' Web usage. The software--part of a newly built high-speed Internet service created in the wake of the Excite@Home bankruptcy--was apparently intended to speed up service and cut costs by "caching," or preloading, sites most requested by its customers.
Trends:Record Japan coffee demand in 2001, still rising
February 12, 2002 11:21 PM ET
By Aya Takada
TOKYO, Feb 13 (Reuters) - Japanese coffee demand hit a record high for the third straight year in 2001 and should continue growing thanks to rising consumption by people at home and the expansion of specialty coffee chains, industry officials said.
February 12, 2002 11:21 PM ET
By Aya Takada
TOKYO, Feb 13 (Reuters) - Japanese coffee demand hit a record high for the third straight year in 2001 and should continue growing thanks to rising consumption by people at home and the expansion of specialty coffee chains, industry officials said.
Retail News:Olympics-Shop till you drop at the Winter Games
February 02, 2002 07:52 PM ET
By Judith Crosson
SALT LAKE CITY (Reuters) - Would madame like a pair of $745 skis sporting the logo of the Salt Lake Winter Games? How about a $121 silver yo-yo for the gentleman who has everything?
February 02, 2002 07:52 PM ET
By Judith Crosson
SALT LAKE CITY (Reuters) - Would madame like a pair of $745 skis sporting the logo of the Salt Lake Winter Games? How about a $121 silver yo-yo for the gentleman who has everything?
Retail News:Retail Sales Excluding Cars Up in January
February 13, 2002 02:43 PM ET
By Jonathan Nicholson
WASHINGTON (Reuters) - U.S. retailers turned in a better-than-expected performance in January, with sales at auto dealers and restaurants falling but those outside the auto sector perking up nicely.
February 13, 2002 02:43 PM ET
By Jonathan Nicholson
WASHINGTON (Reuters) - U.S. retailers turned in a better-than-expected performance in January, with sales at auto dealers and restaurants falling but those outside the auto sector perking up nicely.
Retail News:Bargain-Hunters Lift Sales at Discounters
February 12, 2002 11:49 AM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Sales at U.S. chain stores rose in the latest week, but a preference for discount retailers suggests consumers are cautious about the prospects of an economic rebound, two reports showed Tuesday.
February 12, 2002 11:49 AM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Sales at U.S. chain stores rose in the latest week, but a preference for discount retailers suggests consumers are cautious about the prospects of an economic rebound, two reports showed Tuesday.
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