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Inside This Issue - News

Walmart outlook cut

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.

Layoffs to hit Samís workers

Sam’s Club is among the retailers trimming its workforce in the wake of a disappointing holiday season.

Target aims to thwart cybertheft

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.

Amazon encounters some bumps in road

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.

Seven Dominickís stores are sold to Whole Foods

Whole Foods Market Inc. is expanding its presence in the Chicago area via the acquisition of seven Dominick’s stores from owner Safeway Inc.

Rx app is subject of patent suits

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.

Loblaws to up investment in Quebec

Loblaw Cos. has allocated $110 million this year to bolster its stores in Quebec under the Provigo Le Marche, Maxi and Maxi & Cie banners.

Sales solid at Delhaize in quarter

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%.

Two divisions at Kroger run by new presidents

Kroger Co. has named two divisional presidents.

Price Chopperís Golub honored

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.

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