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Inside This Issue - News

Costco on the march

Costco Wholesale Corp. posted strong top- and bottom-line growth for its 2013 second quarter, once again topping Wall Street expectations. The company’s earnings for the quarter were up 39%, to $547 million.

Retail sales increase modestly in February

Moderate retail sales growth in February exceeded some expectations even though it represented a sharp deceleration from January.

Dach will leave Walmart in June

Wal­mart executive vice president of corporate affairs Leslie Dach, who has been credited with improving the retail giant’s corporate image, plans to step down in June.

Target opens more stores in Canada

Target Corp. has opened 17 new stores in southwestern Ontario and plans to debut another four units in the province later this week.

Exec team bolstered at Supervalu

Supervalu Inc. has appointed new presidents at Save-A-Lot and Shop ’n Save, and three additions to its corporate leadership.

Safeway’s Everette ready to retire

Safeway Inc. executive vice president of retail operations Bruce Everette, 61, is retiring. He will be succeeded by Kelly Griffith, 49, who has been president of merchandising.

Target contest is seeking best mobile experience

Target Corp. has teamed up with Fast Company magazine for a contest offering a $75,000 prize to the person who develops the best new mobile experience for Target.

Carrefour net jumps

Carrefour SA reported a sharp increase in net profit for 2012, boosted by the sell-off of underperforming assets.

Walmex plans store openings

Walmart de México plans capital expenditures of between 17.3 billion pesos and 17.9 billion pesos ($1.35 billion to $1.4 billion) this year, with more than half of that sum devoted to new store openings.