REAL ESTATE

Wal-Mart slows China store openings to 100 over three years

BY Katherine Boccaccio

Beijing — Wal-Mart Stores Inc. said Friday that it plans to open 100 stores in China by 2015, a slowed pace from prior growth rates in the country but still representing ongoing interest in boosting its market share behind the country’s No. 1 player Sun Art Retail Group.

Wal-Mart, which operates 378 stores in China, had been opening 50 to 60 new stores each year in the region. The retailer had suggested in August that the slowdown would occur, telling the Wall Street Journal that a more moderate pace would allow improvements in site selection and store design as well as optimized shopping experiences.

Wal-Mart also announced that it will add 18,000 jobs to its current roster of 100,000 in China, and will launch a new environmental initiative that mandates global suppliers to improve energy efficiency and waste reduction to match Wal-Mart’s own internal standards. Wal-Mart said it will terminate contracts with those that do not comply.

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REAL ESTATE

GameStop launches new holiday store concept

BY Katherine Boccaccio

Grapevine, Texas — GameStop Corp. announced Friday it has unveiled a new store concept called GameStop Kids and will open 80 holiday stores in U.S. malls.

GameStop Kids stores will feature an assortment of the most popular video games and accessories, toy brands and collectibles, showcased in temporary mall spaces.

The first GameStop Kids location opened Friday at the Grapevine Mills Mall in Grapevine, Texas, with all other locations opening in the coming days and weeks, according to the company.

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May-14-2013 04:29 pm

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May-14-2013 04:29 pm

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Apr-20-2013 10:52 am

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Apr-20-2013 10:52 am

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Apr-10-2013 08:10 pm

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Mar-27-2013 01:57 am

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wow. this is a great news to all of us Americans knowing that GameStop Kids will open 80 holiday stores in U.S. malls. however, i'm curious how many already have been opened of the planned 80 holiday stores? if any idea, share it with us then. cheers.
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H.Felliers says:
Mar-27-2013 01:57 am

wow. this is a great news to all of us Americans knowing that GameStop Kids will open 80 holiday stores in U.S. malls. however, i'm curious how many already have been opened of the planned 80 holiday stores? if any idea, share it with us then. cheers.
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Mar-20-2013 03:10 am

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Mar-19-2013 12:52 pm

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Jan-17-2013 06:40 pm

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M.Talgot says:
Jan-17-2013 06:40 pm

Could be huge business in Texas. I have kids and all they ever want to do is play with there green people toys. I could use a new place to shop. They also love a toy that looks like a baby foot and I think it's a dog toy I bought a long time ago.

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Nov-27-2012 05:42 pm

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OPERATIONS

Apple, Amazon lead loyalty list

BY Katherine Boccaccio

New York — Results of the 16th annual Brand Keys Loyalty Leaders survey released Friday revealed that Apple, Amazon, Samsung, YouTube and Twitter have the most loyal followings.

“In 16 years aggregating brand loyalty leaders, this is the first time we’ve seen such a seismic shift in loyalty leadership in terms of new categories and brands making their appearance in the Top 100,” said Robert Passikoff, Brand Keys founder and president. “Brand loyalty has always been primarily driven by emotional engagement, and the rankings this year make it crystal clear that connection is everything.”

With 598 brands in 83 categories for consumers to rate, there’s strong competition for the Top 100 spots. “This year certain categories rose to the top because of the high levels of engagement that consumers show, and what they deliver versus consumers’ expectations,” said Passikoff.

According to Brand Keys, 21 new brands appeared on the 2012 list, most of those facilitating social outreach. Apple (tablets) and Amazon (tablets) took the top two spots among product categories, followed by Apple’s smartphone, Amazon’s on-line retail, Apple’s computer and Samsung’s tablet. Twitter ranked 10th for its social networks.

The brands that showed the greatest loyalty gains on the list this year were:

Sephora (+60 places)
Starbucks (+55)
Ford (+47)
Samsung smartphones (+30)
Costco (+24)

Brands that saw the greatest erosion of loyalty and engagement included:

Netflix (-69 places)
Bing (-60)
Blackberry (-40)
B.J.’s Price Club (-31)
Flickr (-29)

“Some brands suffered losses because of the economy as consumers shifted to less expensive brands that still held some degree of meaning,” said Passikoff.

Twenty-three percent of the Top 100 brands account for consumer outreach and engagement via cellular and social networks. And, whereas last year beauty and personal care brands accounted for nearly a third of the Top 100, in 2012 they represent only 18% of the Top 100 brands.

Retail brands were down nearly a third – looking at bricks and clicks providers – on this year’s list. “We believe that the inability for retailers to provide meaningful differentiation – beyond low-lower-lowest pricing strategies – has seriously eroded loyalty levels in the retail category,” said Passikoff.

Amazon.com is still high on the list (No. 4), but emotional bonds have weakened across the retail category. Zappos (No. 6 last year) moved down the list to No. 19 this year; the next ranked retailer is Target, at No. 36.

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