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Inside This Issue - News

Walmart’s U.S. blues

Walmart reported a 27% increase in net income for the fourth quarter of fiscal 2011, but the strong bottom-line performance was overshadowed by a decline in domestic same-store sales that exceeded management’s most recent forecast.

Sears picks IT veteran as new CEO

Seeking a leader with IT savvy, Sears Holdings Corp. got one with the appointment of Lou D’Ambrosio as president and chief executive officer.

Loblaws president to depart

Allan Leighton is stepping down as president of Loblaw Cos., effective later this year. He will be succeeded by Carrefour executive Vicente Trius, who is also a veteran of Walmart International.

Target looks ahead to new growth vehicles

Target Corp., which reported solid results for the fourth quarter and 2010 fiscal year, expects to tap into new avenues of growth beginning next year.

Family Dollar fields buyout offer

Family Dollar Stores Inc. is the latest mass market retailer to receive an acquisition proposal.

Store closings planned by A&P

A&P has said it will close 32 stores in six states as it continues to restructure its business.

Aldi opens first outlet in NYC

Aldi has made its New York City debut with the opening of a store in the borough of Queens.

Publix is No. 1 with customers

For the 16th consecutive year shoppers have rated Publix Super Markets Inc. as the top grocery chain.