Hints and tips:
...Analysts at Goldman Sachs praised the move but warned that if planned reforms of “low-margin businesses such as department store and superstore” were slow, that “would see downside risk to our earnings estimates...
...The home improvement superstore’s numbers were weak, but judging by the “meh” response from the stock price, not much worse than expected....
...The group’s US business, in particular, has performed well as shoppers have flocked to its superstores for food and other household essentials....
...Everyone, with the exception of the superstore’s local competitors, will happily oblige....
...Walmart superstores have transformed shopping habits and became a dominant force in American retail. The bricks-and-mortar model, however, has been upended in by the rise of ecommerce....
...The combination would be able to exploit Walmart’s power with suppliers and Sainsbury’s string of convenience size stores, which are wooing shoppers away from the out-of-town superstores that have been Asda...
...But so complementary are their locations and formats — Sainsbury stronger in the south and in online and convenience, Asda in the north in bigger superstores — that no store closures at all are planned,...
...When I visited last week, I found the flagship superstore more or less unchanged since I last shopped there more than 10 years ago, bar the threat of decapitation by enthusiastic drone demonstrators....
...In the 1990s superstore discounters began undercutting Toys R Us on price, and by 1998 his chain was overtaken by Walmart as the largest American toy retailer....
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...Walmart has decided to focus on the mid-sized Neighborhood Markets and its superstores instead, which it has been starting to redesign in an attempt to improve the customer experience and better integrate...
...Then these book superstores were made almost obsolete by the still more innovative Amazon. Now we see the taxi business trying to defend its outmoded service against Uber....
...The medium-term target remains 200 superstores across the UK. Interim results are due on February 10....
...The company was founded in Austin, Texas, in 1980, and in the following years it picked up the (cheap) spaces abandoned by major US retailers as the latter built out-of-town superstores....
...In 1986, Tom Stemberg opened the first Staples superstore in Massachusetts. Stationery retailers have not stood still since....
...Domestic brand Yonghui Superstores, for example, has enjoyed double-digit revenue and profit growth in recent years by focusing on fresh, local produce, with at least 60 per cent of its meat and vegetables...
...The seven superstores facing the axe include two in Belfast, and stores in Bedlington, Chatham, Doncaster, Kirkcaldy and Wrexham....
...It is a partner with Tesco and Sainsbury in ventures underpinned by superstores, imperial emporia whose time has passed. The stock is up with events at 1.1 times net asset value....
...He inherited Sir Terry’s out-of-town superstores, which were being undermined by online and city-centre shopping....
...But same-store sales in the shiny superstores are falling nonetheless. Local convenience shops have been a success....
...“The world used to be about supermarkets, then it became superstores . . . now it’s going to be about super-destinations,” Mr Clarke said....
Digital and pop-cultural trends have made Halloween costumes more high-concept, writes Gautam Malkani
...Asda is looking to open 40 superstores, 100 supermarkets, 150 petrol stations and 1,000 click-and-collect points. Two-thirds will be in the southeast, London, Cornwall and Devon, a spokesman said....
...This is prompting supermarket chains that traditionally have been associated with large superstores to open smaller outlets....
...It is trialling drive-throughs at 29 of its US superstores in only its second foray into online food in its home market. In the meantime, Walmart and Asda are collaborating closely....
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