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May 18, 2012

TOP STORY

Walmart's sales, profit climb in first quarter

Walmart turned in a robust performance for its fiscal 2013 first quarter, posting strong revenue growth and earnings that beat financial analysts' projections.

Though the Walmart International unit was the primary growth catalyst during the quarter, the Walmart U.S. and Sam's Club segments also generated solid revenue gains. The discounter reported small increases in comparable-store sales at Walmart U.S. and Sam's Club but noted that the gains exceeded its estimates.

 

NEWS BREAKS

A&P launches marketing campaign

A&P has launched an integrated marketing campaign featuring president and chief executive officer Sam Martin. The campaign highlights the chain’s vision to offer high-quality, localized products, enhanced services and greater value.

Family Dollar forms partnership with McLane

Family Dollar Stores Inc. has formed a strategic partnership with McLane Co., the nation’s leading provider of grocery and food service supply chain solutions.

Pension fund sues Walmart over bribery scandal

The nation's second-largest public pension fund is suing Walmart for breaching its fiduciary duty in connection with allegations that the retailer's Mexico subsidiary engaged in a bribery scheme and the company failed to properly investigate and disclose the matter.

Walmart boosts internal controls

Walmart has strengthened its internal controls, including creation of a new corruption watchdog position, in the wake of reports of a bribery scandal in its Mexican operations.

Flur set to exit Family Dollar

Dorlisa Flur, vice chair-strategy and chief administrative officer at Family Dollar Stores Inc., is slated to leave the company next week.

Walmart responds to corruption charges

Walmart this weekend responded to a New York Times article alleging the retail giant covered up evidence of bribery in its Walmart de Mexico unit and that the cover-up was effected with the knowledge of Walmart's most senior management.

Supervalu taps presidents for three retail divisions

Supervalu Inc. has named new presidents for three of its divisions. Dan Sanders will head the Albertsons business in Southern California, Keith Wyche will lead Acme, and Brian Audette will take the helm at Cub Foods.

More News Breaks >>

SUPPLIER NEWS

Morton Salt appoints CEO

Morton Salt Inc.'s chief executive officer Mark Roberts has been appointed as a member of the board of executive directors of K+S Group, effective October 1, 2012.

Dream Water inks distribution pacts with major chains

Dream Products LLC has expanded distribution of its Dream Water relaxation shot to Target, Kroger and Safeway stores.

Pfizer buys Alacer

Pfizer Inc. has acquired Alacer Corp., maker and distributor of the Emergen-C line of vitamin C products. Terms of the purchase were not disclosed.

Wet n wild to enter Germany

Markwins Inc. has contracted with DMV Diedrichs Markenvertrieb to introduce its wet n wild brand to the German market.

Mars unveils new solar garden at chocolate factory

Mars Chocolate North America, maker of Ethel M Chocolates, has opened a new solar garden at its Ethel M chocolate factory in nearby Henderson, N.V.

Kellogg launches host of new products

Kellogg Co. has debuted almost two dozen new items in the United States.

Former retail execs join new SymphonyIRI board

SymphonyIRI Group has announced a new board of directors that includes former executives from Ahold, Kroger and Walmart.

More Supplier News >>
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