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Inside This Issue - News

Target regrouping

Target Corp. has hit a “rough patch” and needs to take aggressive steps to change the way it does business.

Walmart struggles to generate growth

Walmart posted a 5% decline in fiscal first quarter profit, as revenue rose a modest 0.8%. Sales at U.S. stores declined for a fifth consecutive quarter.

Food Lionís strategy gets a makeover

Delhaize America’s Food Lion chain is adopting a new strategy based on low prices and an easier shopping experience.

April sales a letdown for chains

Long-awaited warm weather did not bring a long-awaited surge in consumer spending last month.

Sears may bow out of Canada

Sears Holdings Corp. announced on May 14 that it is “exploring strategic alternatives” for its 51% interest in Sears Canada, including potential sale of the entire Canadian enterprise.

Alliance Boots turns in strong results

Synergies from Alliance Boots GmbH’s partnership with Walgreen Co. helped the Europe-based company lift its fiscal year net profit 31%.

New prototype is unveiled by Tops

Tops Markets LLC on May 14 opened a 52,000-square-foot Tops Friendly Market in the Rochester, N.Y., suburb of Irondequoit featuring a smaller layout the company bills as a prototype.

Whole Foods trims guidance

Whole Foods Market Inc.’s shares fell sharply after the company posted flat earnings for its second quarter and lowered its 2014 same-store sales and earnings forecasts.

New affiliations are first of kind for CVS

CVS Caremark Corp. has formed clinical affiliations with four major regional health systems in Connecticut, Massachusetts and Georgia.

Roundyís gives up on the Twin Cities

Roundy’s Inc. has begun to exit the Minneapolis/St. Paul market with an agreement to sell 18 Rainbow stores to a group of local grocery retailers, including Supervalu Inc., for $65 million in cash plus inventory.

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