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October 25, 2014

TOP STORY

Tesco chairman Richard Broadbent to step down

Tesco PLC chairman Richard Broadbent has announced plans to step down from his post at the company, Britain's largest retailer, following the revelation of accounting irregularities and falling sales in its home market.

No timetable was given for the departure of  Broadbent, who said he would leave once the transition to a new management team is complete and a new business plan is in place.

 

RETAIL NEWS BREAKS

Target details holiday season plans

Target Corp. is offering free shipping on all online purchases through December 20 as the centerpiece of its strategy for the end-of-year holiday season.

Walgreens executive Brian Pugh leaves company

Bryan Pugh, who for the past year has held a key role at Walgreen Co. coordinating operations and merchandising functions, has left the company.

Family Dollar takes step toward merger vote

Family Dollar Stores Inc. has set October 30 as the record date for determining which stockholders will be entitled to vote on the company's proposed merger with Dollar Tree Inc. 

Supervaluís second quarter sales up, profits down

Supervalu Inc. said profits fell by nearly 23% to $31 million in its fiscal second quarter, in line with analysts’ expectations.

Walmart to shift capital investment focus in 2015

As customers’ shopping preferences continue to shift, Walmart will adjust its capital investment next year to put more emphasis on e-commerce and the Neighborhood Markets format while trimming its investment in supercenter openings.

Costco opens online store in China

Costco Wholesale Corp. has entered the China market by opening a store on Tmall, a Chinese-language online marketplace operated by Alibaba Group.

Family Dollar fourth quarter profits drop by 66%

Profits fell by 66% at Family Dollar Stores Inc. as the discount retailer absorbed restructuring costs related to store closings and legal expenses associated with competing takeover bids from its dollar store rivals.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

P&G to divest Duracell battery business

Procter & Gamble Co. (P&G) is spinning off its Duracell business, the latest brand to be jettisoned by the world’s largest consumer products business as it concentrates on its most important markets and brands.

Avanti adds new greeting cards to its line

Avanti Press Inc. is refreshing its lineup for the fourth quarter with 22 new greeting cards.

ECRM redesigns its website

Efficient Collaborative Retail Marketing (ECRM), which is celebrating its 20th anniversary this year, has revamped its website, www.ecrm.marketgate.com, to offer a fresh look, better navigation and improved functionality.

Coty CEO Michele Scannavini resigns

Michele Scannavini has stepped down from his post as chief executive officer of Coty Inc. for personal reasons, the company announced Monday. He has also resigned from Coty's board.

Profoot launches marketing campaign

Profoot Inc. has kicked off what the company calls its largest integrated marketing campaign.

N.Y.C. New York Color signs Demi Lovato as ambassador

Singer and actress Demi Lovato has signed on with N.Y.C. New York Color as its first global brand ambassador.

Zim's introduces vapor rub

Zim's has expanded its product roster with the introduction of Zim's Advanced Vapor Rub.

More Supplier News Breaks >>
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