Inside This Issue - News
The day before Doug McMillon took the reins as chief executive officer at Walmart, the company highlighted some of the challenges he will face, by lowering its sales and earnings projections for the fourth quarter of its 2014 fiscal year.
Sam’s Club is among the retailers trimming its workforce in the wake of a disappointing holiday season.
In the wake of the massive data breach that hit Target Corp. during the holiday shopping season, the company’s chief financial officer says the discounter is speeding up a $100 million program to implement the use of chip-enabled smartcards to protect against cybertheft.
In what may be a sign of growing pains for the online retailing giant, Amazon.com reported fourth quarter earnings that missed analyst estimates, and projected a possible operating loss in the first quarter of its 2014 fiscal year.
Whole Foods Market Inc. is expanding its presence in the Chicago area via the acquisition of seven Dominick’s stores from owner Safeway Inc.
Walgreen Co. has filed lawsuits against competitors CVS Caremark Corp., Rite Aid Corp. and Shopko Stores Operating Co., claiming that the rivals are using Walgreens’ patented technology for refilling prescriptions with mobile-phone scanners.
Loblaw Cos. has allocated $110 million this year to bolster its stores in Quebec under the Provigo Le Marche, Maxi and Maxi & Cie banners.
Delhaize Group’s fourth quarter U.S. sales climbed 2.8% to $4.3 billion, the company reported, with same-store sales also advancing 2.8%.
Kroger Co. has named two divisional presidents.
Neil Golub, chairman of the board of Price Chopper Supermarkets, has been awarded the Sidney R. Rabb Award by the Food Marketing Institute (FMI). Golub was recognized for his statesmanship and service to the community.