Inside This Issue - News
Walmart and Target Corp. both reported weak sales in February, suggesting that mass retailers continue to face serious economic headwinds.
Ahead of its acquisition of five supermarket chains from Supervalu Inc., a deal that is due to close this month, Albertsons LLC has named the executives who will head those chains and their major divisions, which together will operate about 877 stores.
Ahold NV and Publix Supermarkets Inc. are among the companies reportedly considering bids for Harris Teeter Supermarkets Inc.
Dollar Tree Inc. reported an 11.5% increase in consolidated net sales and an 8.4% increase in net income for its fiscal year ended January 28, supporting president and chief executive officer Bob Sasser’s view that the company is well positioned for today’s economy.
Sears Holdings Corp. sharply reduced its net loss for fiscal 2012, but sales at both the Sears and Kmart units remained anemic.
Publix Super Markets Inc. and Trader Joe’s Co. were given the highest scores by consumers surveyed for the 2013 Temkin Experience Ratings.
CVS/pharmacy has revamped its Gold Emblem line of food and beverages with enhanced ingredients, new snack options and more flavors.
Rite Aid Corp. has completed debt refinancing transactions extending the maturity of a portion of its outstanding indebtedness and lower interest expense.