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Issue 12-14-2015

Seminal retail event

NEW YORK – Surging online sales contrasted with disappointing brick-and-mortar volume as the holiday shopping season got under way. E-commerce purchases soared 14% on Cyber Monday to a record $3 billion plus, causing websites including target.com to temporarily crash from overuse. In-store crowds for Black Friday, by comparison, were thinner than expected. ShopperTrak estimated brick-and-mortar

Ex-Target exec to assist Walmart with marketing

BENTONVILLE, Ark. – Walmart confirmed earlier this month that the company’s head of marketing, Stephen Quinn, will be retiring from the company. According to Walmart spokeswoman Deisha Barnett, Quinn will step down on January 31. In conjunction with the Quinn announcement, Walmart said that it plans to hire former Target Corp. marketing chief Michael Francis

Baldwin to succeed Sen as BJ’s CEO

WESTBOROUGH, Mass. – BJ’s Wholesale Club Inc. announced earlier this month that it had promoted Christopher Baldwin as the company’s chief executive officer, effective February 1. Baldwin, who joined BJ’s in September as chief operating officer, succeeds Laura Sen in the CEO role. Both Sen and Baldwin will continue to serve on the company’s board.

Albertsons is gearing up for IPO

BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of ­Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to

FTC asks WBA, Rite Aid for info

DEERFIELD, Ill. – As has been expected, Walgreens Boots Alliance Inc. and Rite Aid Corp. announced earlier this month that the two companies have each received a request for additional information (“second request”) from the Federal Trade Commission in connection with WBA’s proposed acquisition of Rite Aid. The second request was issued under notification requirements

Haggen ready to sell its remaining stores

BELLINGHAM, Wash. – Haggen Inc. is selling its remaining stores, completing a downward spiral precipitated by its acquisition last December of 146 Albertsons supermarkets. The retailer has received bankruptcy court approval to auction off its 33 core stores in Washington and Oregon on February 5. “The Haggen group of core stores is well run with

Wegmans is bullish about Mass.

MEDFORD, Mass. – Continuing its rapid expansion in Massachusetts, Wegmans Food Markets Inc. will debut in this Boston suburb. The chain’s supermarket here, in a mall undergoing a renovation, will likely be its sixth in the state. Wegmans’ most recent opening in the Bay State came in October in Westwood. The stores’ offerings include premium

Financial struggles continue at Sears Holdings

HOFFMAN ESTATES, Ill. – Sears Holdings Corp. reported a narrower quarterly loss this month on fewer onetime expenses, but sales sank 20%, depressed by store closings and soft clothing and consumer electronics volume. The company posted a net loss of $454 million for its third quarter ended October 31, down from $548 million a year

Walmart unveils payment system

BENTONVILLE, Ark. – Walmart earlier this month introduced Walmart Pay, a mobile payment system that permits shoppers at Walmart stores to pay for merchandise with their smartphones. “Walmart Pay is the latest example, and a powerful addition, of how we are transforming the shopping experience by seamlessly connecting online, mobile and stores for the 140

Sobeys extra branches out

STELLARTON, Nova Scotia – Sobeys introduced its new extra banner to customers in Atlantic Canada last month with the grand reopening of the Tantallon, Nova Scotia, location. The store underwent significant renovations throughout the past several months that included upgrades and additions in every department to ensure it met the Sobeys extra ­designation. “The opening

Claus takes helm at Save-A-Lot

MINNEAPOLIS – Supervalu Inc. has named Eric Claus chief executive officer of its Save-A-Lot hard discount grocery chain. He is expected to start in that role on or before January 4. Ritchie Casteel, who has been serving as president and CEO of Save-A-Lot, will continue to serve as president, reporting to Claus. Casteel will continue