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LEADING HEADLINES

Strong Q2 premerger performance for Ahold Delhaize

Strong Q2 premerger performance for Ahold Delhaize

ZAANDAM, Netherlands — Ahold Delhaize on Thursday reported second quarter and half-year financial results for Ahold showing that the retailer’s operating income rose 8% to $400 million in the period. In an appendix, it summarized second quarter results for Delhaize Group, characterizing the performance as

Dollar General’s sales, income rise in second quarter

Dollar General’s sales, income rise in second quarter

GOODLETTSVILLE, Tenn. — Dollar General Corp. on Thursday posted net income of $306.5 million, or $1.08 a share, in its second quarter, up from $282.4 million, or 95 cents per share, a year earlier. Net sales rose 5.8% to $5.39 billion in the 13 weeks

Dollar Tree shows Q2 profit

Dollar Tree shows Q2 profit

CHESAPEAKE, Va. — Dollar Tree Inc. swung to a profit in its fiscal second quarter, reporting on Thursday net income of $170.2 million, or 72 cents a share, compared to a loss in the same period a year earlier. The earnings were in line with

Sears posts another loss in second quarter

Sears posts another loss in second quarter

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. posted another quarterly loss on Thursday and said it would receive another financial lifeline from the hedge fund of its chief executive officer, Eddie Lampert. Lampert’s fund, ESL Investments, offered to provide a $300 million loan to Sears

Sears Canada adopts new logo

Sears Canada adopts new logo

TORONTO — Sears Canada Inc. has unveiled a new logo, the latest move in a series of strategic initiatives to modernize and revitalize the retailer. The company said Wednesday that the logo aims for a clean and contemporary look, featuring a timeless font with a fresh take

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RETAIL NEWS

Retail industry veteran Persaud leaves Shopko

GREEN BAY, Wis. — Retail and pharmacy industry veteran Andre Persaud has left Shopko Stores Operating Co. to pursue new opportunities. Persaud has led a number of key initiatives since joining the general merchandise and pharmacy retailer in April 2015 as executive vice president of

Fred’s creates pharmacy COO post

MEMPHIS, Tenn. — Timothy Liebmann has been promoted to chief operating officer of pharmacy, a newly created position, at Fred’s Inc. Fred’s said late Thursday that Liebmann succeeds Rick Chambers, executive vice president of pharmacy operations, who is retiring. Liebmann joined Fred’s in June as

Walmart exceeds Q2 earnings expectations

BENTONVILLE, Ark. — Walmart said on Thursday that it earned $1.07 a share in the fiscal second quarter, slightly lower than the profit of $1.08 a share in the same period a year ago. Analysts on average were expecting $1.02. Revenue grew 0.5% to $120.8

Fred’s appoints Gardner chief merchant

MEMPHIS, Tenn. — Bryan Pugh has resigned as chief merchant at Fred’s Inc. and has been replaced by Mary Lou Gardner. Fred’s said late Tuesday that Gardner takes over Pugh’s role as executive vice president and chief merchandising and marketing officer effective immediately. She has

Dollar General opens its 13,000th store

GOODLETTSVILLE, Tenn. — Dollar General Corp. celebrated the grand opening of its 13,000th store on Saturday. The event, held in Birmingham, Ala., was attended by hundreds of customers and community leaders. The first 200 adult customers to arrive at the event received $10 gift cards,

SUPPLIER NEWS

Out of Africa launches baby products

MARINA DEL REY, Calif. — The makers of Out of Africa brand bath and body products announced the launch of a line of baby products made with skin-nourishing shea butter. Shea butter is made from the nut of the shea tree, known among some locals

ECRM introduces prestige beauty session

SOLON, Ohio — Efficient Collaborative Retail Marketing (ECRM) has launched the Prestige Cosmetics & Beauty Care Efficient Program Planning Session (EPPS). ECRM said that the new EPPS focuses on prestige, masstige and indie cosmetics, fragrance and beauty brands and was developed to connect suppliers in

Carmex debuts first natural lip balm

FRANKLIN, Wis. — Carma Laboratories Inc. has expanded its lip care lineup with Carmex Comfort Care Lip Balm. Rolling out this month to Walgreens, CVS Pharmacy, Walmart, Target, Kroger and other retailers nationwide, the new lip balm line lip is formulated with natural colloidal oatmeal

Mondelez to license Cadbury biscuits brand

DEERFIELD, Ill. — Mondelēz International on Friday announced an agreement to purchase from Burton’s Biscuit Co. a license to manufacture, market and sell Cadbury-branded biscuits around the world, including in the UK, France, Ireland, North America and Saudi Arabia. The deal is subject to regulatory

NACDS announces TSE Product Showcase winners

BOSTON — The National Association of Chain Drug Stores has announced winners in 10 categories in this year’s NACDS Total Store Expo Product Showcase. The Showcase is designed to provide increased visibility for suppliers to market their products to retailers, NACDS said. Categories range from

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