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April 27, 2015

TOP STORY

Tesco posts $9.5 billion loss for fiscal year

British supermarket giant Tesco reported a loss of 6.4 billion pounds ($9.5 billion), its worst ever, for the fiscal year ended February 28.

"It has been a very difficult year for Tesco," chief executive officer Dave Lewis acknowledged in a statement, adding that the results "reflect a deterioration in the market and, more significantly, an erosion of our competitiveness over recent years."

 

RETAIL NEWS BREAKS

Kmart adds pharmacy rewards to loyalty program

Sears Holdings Corp. has expanded its Shop Your Way loyalty program to offer pharmacy rewards at Kmart.

Walgreens Boots Alliance outlines growth prospects

Walgreens Boots Alliance Inc. has the size and scope to be "one of the companies that helps shape the future of health care, pharmacy and retail on a global basis," executive vice president and acting chief executive officer Stefano Pessina said at the company’s Analyst Day event.

Walgreens concentrates on customer experience

Walgreen Co. is revamping its customer experience and cutting costs to recapture its position as America’s "most loved" pharmacy, chain president Alex Gourlay told analysts at the first Walgreens Boots Alliance Analyst Day event here.

Miller takes over as CEO at Albertsons-Safeway

Robert Miller, executive chairman of the parent company of Albertsons and Safeway, has assumed the additional role of chief executive officer.

Walgreens Boots Alliance Q2 earnings soar

Walgreens Boots Alliance Inc., in the first financial report since its formation at the close of 2014,  recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts.

Kroger selects president of Dillons

Kroger Co. has named Marlene Stewart as president of the company's Dillons division. She replaces Joe Grieshaber, who was named president of Kroger's Columbus division last month.

Family Dollarís second quarter sales rise

Family Dollar Stores Inc. reported fiscal second quarter earnings Wednesday that beat analysts’ expectations but were weaker than the same quarter last year.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

ECRM acquires the media events company PressCamp

ECRM announced Tuesday that it has acquired PressCamp, a leading event business focused on bringing cycling industry manufacturers together with members of the media, from Lifeboat Events LLC.

Emerson Group makes leadership changes

The Emerson Group has announced a series of executive appointments, including the hiring of a chief operating officer and an expanded role for president Rick Wellinger.

American Greetings encourages gratitude

American Greetings Corp. has introduced ThankList, a campaign to get people to express gratitude to the people who have made a difference in their lives — and in the process become more civil and "help make the world a more thoughtful and caring place."

E.&J. Gallo acquires J Vineyards & Winery

E.&J. Gallo Winery, the nation’s largest wine producer, says it has purchased J Vineyards & Winery, a supplier of premium sparkling wines headquartered in Healdsburg, in Sonoma County’s Russian River Valley.

Mederma ads focus on user experiences

Mederma has launched a new advertising campaign that focuses on the experiences of real users of the scar care brand’s products.

Sunstar adds new children's toothbrushes

Sunstar Americas Inc. has added three new lines of children’s toothbrushes featuring characters from Saban’s Power Rangers, Lalaloopsy and DreamWorks Animation’s How to Train Your Dragon 2.

Zarbee's introduces supplements for babies

Zarbee’s Naturals has introduced a range of baby vitamins and supplements for infants and toddlers.

More Supplier News Breaks >>
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