October 20, 2014
Supervalu Inc. said profits fell by nearly 23% to $31 million in its fiscal second quarter, in line with analysts’ expectations.
Supervalu said results reflect $1 million in costs related to two breaches of customer payment-card data at stores from Virginia to Illinois earlier this year. Breach-related costs are likely to rise, the company said.
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 Wholesale Corp. has entered the China market by opening a store on Tmall, a Chinese-language online marketplace operated by Alibaba Group.
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.
Costco Wholesale Corp. on Wednesday cited higher sales at its established stores in posting a fourth quarter profit that exceeded analysts’ estimates.
Family Dollar Stores Inc. is launching an "Ad Match Promise" program on Tuesday, vowing to match a local competitor’s price when presented with a printed advertisement.
Customer satisfaction at pharmacies is up from a year ago, and for the second straight year Good Neighbor Pharmacy rated highest among chain drug stores, according to the J.D. Power 2014 U.S. Pharmacy Study.
Sears Canada said on Thursday that president and chief executive officer Douglas Campbell will step down to tend to family issues in the United States.
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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.
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 Inc. has kicked off what the company calls its largest integrated marketing campaign.
Singer and actress Demi Lovato has signed on with N.Y.C. New York Color as its first global brand ambassador.
Zim's has expanded its product roster with the introduction of Zim's Advanced Vapor Rub.
The Coca-Cola Co., PepsiCo and Dr. Pepper Snapple Group have made a commitment to reduce the amount of calories that Americans consume from their beverages.
Crest has launched Crest Sensi-Stop Strips, a new solution for tooth sensitivity that the oral care brand called "one of its most breakthrough product launches in a decade."
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