Apple’s iPad tablet will be available in big-box retail Target’s as many as 1,743 stores across the United States, starting 3rd of October.
The coveted touch-screen device is already available for purchase from Apple stores and Best Buy. Target will also offer the revolutionary device at the same price at which they are available Apple stores and consumer electronics shops of Best Buy.
The 16GB, 32GB and 64GB models of both the Wi-Fi as well as 3G versions of the device will be available at Target.
With 61 stores in the UK and Ireland, a relaunched 1960s fashion label is said to have made its mark as the biggest womenswear brand in not more than 2 weeks.
The department store chain, which was launched in September 9, has come up with a new plan to help raise profits and build up some more profitable house brands. Currently, representing as much as 11% of sales, the department and brand has reportedly assisted in driving a 10% increase in like-for-like sales ever since July 31.
Net profit of David Jones went up by 9 per cent for the whole year. This is the result of increased buying by the consumers who have been lured by the large number of discounts that the company is giving.
For the period ending July 31, the net profit in real terms increased to $170.8 million from $156.5m in the previous year. Revenue also went up by 3.4 per cent.
Another factor that impacted the increase in the financial performance was the good show that the Australian economy has done. Backed by two very strong stimulus package the economy has shown some impressive figures.
As announced by Tesco, the supermarket giant, it would soon be selling Viagra over the counter at affordable prices and without a GP prescription.
The drug will be available in the market from next Monday onwards for men suffering with erectile dysfunction. They will be able to plea for Viagra at 300 UK stores of Tesco, without the consent from a GP.
The Viagra pills are available at £55 for pack of four currently, but Tesco will be providing it at £52 for eight. It is the first supermarket to proceed with such an activity.
The chief executive officer of Best Buy, Brian Dunn said that the launch of iPad in the market had cut the sales of notebook computers by almost 50% at Best Buy stores. He has told the statement to the Wall Street Journal for a story which was released on 14th of this month.
The company has announced to start sale of the iPad from 26th of September in its entire 1093 store across the country which is available in its 673 stores now. This news came as a shocking one for the entire technology world, manufacturing and retail industry.
According to the latest market research, sales of pies have jumped by 5% to £941 million.
Marks & Spencer declared that their pie sales have touched 16.2 million in last year counting to 44,383 pies daily.
Pies seem to be the most popular comfort food among Britishers during recession eras.
Vivianne Ihekweazu, food and drink analyst at Mintel said, "Today, more and more are buying pies and pasties. They are proving particularly appealing to those on a limited budget".
Casey's General Stores, which is facing a $2 billion takeover tender from Alimentation Couche-Tard from Canada said that two more proxy advisors have suggested that re-election of a good number of firm’s Director applicants be done by Casey’s investors.
Egan-Jones, the U.S. convenience store operator suggested that investors of Casey take in seven of eight nominees for the post of Director, whereas Proxy Governance suggested that investors take in all the candidates.
ISS and Glass Lewis too made similar suggestions on Thursday.
Despite experiencing strong results on Thursday, the U.K retailers including Kesa Electricals PLC, John Lewis Partnership PLC and Kingfisher PLC, are being cautious and warned that for the rest of this year retailers in Britain and across the Europe will face a tough time.
According to them, this tough consumer environment will even persist in 2011. Sellers of discretionary items and large-tickets are confused and under pressure, as for now to get consumer credit is a hard job. On the other hand, consumers are alarmed that unemployment will not take its steps backwards.
The famous Retailer John Lewis Partnership has reported its department stores and the Waitrose supermarket arm to have recorded a robust performance, significantly exceeded its half-year performance.
In the six months to July 31, the retailer group has recorded its profits to have touched £111.2million, marking a rise 27.8%. Moreover, sales in John Lewis stores have marginally outpaced that of Waitrose. Sales witnessed by its stores have jumped by 14.5%, while Waitrose sales have marked an 11% rise.
Europe's largest DIY retailer, Kingfisher is said to have experienced a profit of as much as £354million. While the profit is being attributed to the upright performance from Castorama and Brico Depot in France, some part of it is also because of the self-help measures adopted by the Company.
A 23% increase in half-year group profits was seen along with a fall down by 3% to £2.1billion, due to the 6% fall in the sales of kitchens, bathrooms and bedrooms.
The consumers will soon be affected by the tax rises and budget cuts, a recent report by the Office for National Statistics (ONS) suggests. The UK retail sales have reportedly fallen by 0.5% from July, the report explains. This fall has come as a surprise ever since January.
John Lewis, Kesa and Kingfisher, the three retailers had already put forth that there was a probability for the High Street conditions to worsen. With the non-food stores being driven by the household goods store to a large extent, the sales are said to have seen downfall by 0.7%.
The US based school inventories have gone up by 1 percent in July, in the seventh straight month as stated by the Commerce Department.
Business sales have reported to have risen by 0.4 percent in August when compared to previous month. It was stated that clothing store sales have grown to 1.2 percent, a leap which have reportedly promoted the state sales-tax holidays.
It was further said that the sporting goods went up by 0.9 percent, while drugstore sales increased 0.6 percent.
Supergroup, the owner of the UK Cult clothing chain and the fashion label Superdry, announced that its sales has increased by 59.8% during the first fiscal quarter of the group's business, which covers a duration between May and July. Through this recent increase in the sales, Supergroup emphasized its position as the sole retailer that managed such a fast growth in the UK.
The chain of departmental stores, Debenhams have recorded a growth of 20% in profits over the last year. The group, which has 150 departmental stores across the UK, stated that the amount of profits that have been recorded have come about to be £150m, which is far better than expectations.
The boost in profits has been due to an increase in the number of sales and a greater profit margin. Debenhams high profit margins have been fuelled by the increase of the stock at its own brands, which obviously made profit margins, widen.
Shares in parent group, Associated British Foods reduced by 16p to £10.72 as the market assimilated the news.
Primark expressed in a trading avowal on Monday that likely sales over its fiscal year to September 18 are anticipated to cultivate raise by 6pc. This contrasts to augmentation over the initial half of its year of 8pc, entailing that likely development has sluggish to 4.5pc in the second half.