Top Stories
Sinegal Is Retailer of Decade - Jim Sinegal, chief executive officer of Costco Wholesale Corp., has been named Mass Market Retailer of the Decade by the editors of MMR. - Read
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Walmart Reorganizes to Become More Nimble - Walmart has launched a major realignment of its organizational structure in an effort to drive greater efficiency and responsiveness to consumer demand. Among the extensive changes are the previously announced creation of global merchandising centers (GMCs) in conjunction with a strategic alliance with Li & Fung, a global sourcing organization. - Read
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Standley Will Become Rite Aid CEO in June - Rite Aid Corp. president and chief operating officer John Standley will become the drug chain’s top executive later this year, succeeding Mary Sammons as chief executive officer. - Read
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Marshall Takes Helm at A&P - After a three-month search, struggling supermarket retailer A&P has a new chief executive in place. - Read
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Delhaize to Shut Units In U.S. Reorganization - As part of a restructuring of its United States operations, the Delhaize Group plans to close 15 underperforming Food Lion supermarkets and one underperforming Bloom store. - Read Article>
Target Emphasizes Remodels - Target Corp. will drastically slow new store growth this year, concentrating on remodeling some 340 outlets, executives said last month at a meeting with analysts, which included a tour of a unit with the new PFresh food format. - Read
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Retailers Offer Aid to Haiti - Mass retailers are playing their part to aid in the ongoing relief efforts for the Haiti earthquake disaster. - Read Article >
Opinion
The Dawn of a New Day at FMI - The Food Marketing Institute’s 2010 Midwinter Conference is history. - Read Article >
Loyalty Plan Leaders Have More Work to Do - CVS/pharmacy provided an update on its ExtraCare loyalty program last month, detailing the benefits that cardholders received in 2009. - Read Article >
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