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September 22, 2014

TOP STORY

Albertsons and Safeway name leadership team

AB Acquisition LLC (Albertsons) and Safeway Inc. have named the leadership team that will head the combined company when its planned merger is completed.

"We're drawing on the strong talent within both companies to build an innovative, customer-focused and growth-driven company," said Safeway president and chief executive officer Robert Edwards, who will serve as the combined company's president and CEO.

 

RETAIL NEWS BREAKS

Rite Aid's 2nd qtr. earnings exceed expectations

Rite Aid Corp. surpassed Wall Street's earnings forecast for its fiscal 2015 second quarter but lowered its profit outlook for the full year, citing slimmer margins from generic drugs.

Dollar Generalís bid for Family Dollar remains firm

Dollar General Corp. reiterated on Thursday its commitment to acquire Family Dollar Stores Inc., thereby reminding Family Dollar’s shareholders that there’s a richer offer on the table than the one favored by Family Dollar’s board of directors.

Family Dollar resists Dollar Generalís bid

Family Dollar Stores Inc.’s board is unanimously urging the company’s shareholders to ignore the hostile takeover attempt by Dollar General Corp.

Shopko tweaks its discount store format

Shopko is set to unveil the results of a partial store remodeling project on Thursday.

Dollar General initiates hostile bid for Family Dollar

Dollar General Corp. has taken its bid for Family Dollar Stores Inc. directly to shareholders, in the hopes that the prospect of a bigger payday will turn them against Family Dollar’s decision to accept a lower bid from Dollar Tree Inc.

Walmart small formats to be Neighborhood Markets

Walmart has decided that its accelerated small-format expansion will occur under the Neighborhood Market banner.

Whole Foods steps up grocery delivery via Instacart

Whole Foods Market Inc. and Instacart LLC are expanding their partnership to provide delivery of online or mobile grocery orders in as little as an hour, as well as an in-store pickup option, for shoppers in 15 cities.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

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."

Kellogg makes Kashi stand-alone business

David Denholm has returned to Kellogg Co. as chief executive officer of its Kashi Co. natural foods business.

Pharmavite appoints marketing, operations execs

Pharmavite LLC has named Etienne Patout as chief marketing officer and Brett Buatti as vice president of operations.

Pharmavite promotes Toll to CEO

Timothy Toll has been appointed chief executive officer at Pharmavite LLC.

Crossmark facility links Walmart and suppliers

More than 150 Walmart officials mingled with representatives from key suppliers at the July 10 grand opening of a state-of-the-art facility hailed as "a place where Walmart and suppliers can plan the future."

Unilever to sell Slim-Fast brand

Unilever is selling its Slim-Fast brand to Kainos Capital LLC, a Dallas-based private equity firm focused on acquiring and managing food and consumer brands.

Coty announces new organizational structure

Coty Inc. has revamped its organization to create a more integrated, consumer-focused business model.

More Supplier News Breaks >>
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