Inside This Issue - News
The year 2013 was a challenging one for mass market retail, as a sluggish economic recovery and cowed consumers frustrated the hopes of many retailers. In that environment, only a handful of chains emerged undaunted.
MMR’s Global Retailer of the Year for 2013 is Alex Gourlay.
The editors of MMR have selected Bryan Pugh, senior executive at Walgreen Co., to receive this publication’s first Retail Achievement award, a recognition marking a remarkable career, one that is noted for both its longevity and its accomplishment.
While stronger retail sales in November raised retailers’ hopes for the holidays, it appears that those hopes were disappointed.
Walmart has named company veteran David Cheesewright president and chief executive officer of Walmart International.
Kroger Co. has promoted Mark Tuffin to senior vice president of retail divisions. He succeeds Michael Ellis, who was elevated to the position of president and chief operating officer on January 1.
Target Corp. has suffered a major security breach that may have resulted in a theft of data from as many as 40 million credit and debit card accounts. It was the second-largest data theft from a retailer in the United States.
Grocer Aldi said last month that it will open 650 new stores across the country over the next five years.
Rite Aid Corp. and GNC have extended their existing partnership through 2019 and announced plans to add at least 300 more GNC LiveWell store-within-a-store locations inside Rite Aid outlets over the next five years.
The National Retail Federation (NRF) has filed an appeal aimed at overturning what it calls a flawed credit card swipe fee settlement.
Hy-Vee Inc. will add Market Grille and Market Café restaurants to 50 stores around the Midwest next year, a report in the Des Moines Register says.
Whole Foods Market Inc. has achieved its initial goal of funding $10 million in low-interest loans to local and independent food businesses. The company has also committed up to $25 million in funding.