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October 20, 2014

TOP STORY

Supervalu’s second quarter sales up, profits down

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.
 

 

 

RETAIL NEWS BREAKS

Walmart to shift capital investment focus in 2015

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 opens online store in China

Costco Wholesale Corp. has entered the China market by opening a store on Tmall, a Chinese-language online marketplace operated by Alibaba Group.

Family Dollar fourth quarter profits drop by 66%

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’s sales and profits soar in fourth quarter

Costco Wholesale Corp. on Wednesday cited higher sales at its established stores in posting a fourth quarter profit that exceeded analysts’ estimates. 

Family Dollar promises to match competitors' prices

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.

Publix tops pharmacy rankings

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.

Campbell exiting Sears Canada

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.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

ECRM redesigns its website

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.

Coty CEO Michele Scannavini resigns

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 launches marketing campaign

Profoot Inc. has kicked off what the company calls its largest integrated marketing campaign.

N.Y.C. New York Color signs Demi Lovato as ambassador

Singer and actress Demi Lovato has signed on with N.Y.C. New York Color as its first global brand ambassador.

Zim's introduces vapor rub

Zim's has expanded its product roster with the introduction of Zim's Advanced Vapor Rub.

Soft drink makers promise calorie cuts

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 offers new product for sensitive teeth

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."

More Supplier News Breaks >>
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