Inside This Issue - News
Online retail giant Amazon Inc. is taking on a new set of brick-and-mortar competitors. The company is reportedly expanding its online grocery business to include the delivery of perishable products, including produce, dairy and meat.
Costco Wholesale Corp. plans to open about 150 new warehouses over the next five years. Of that total, somewhat more than 55 will be in the United States.
Dollar General Corp. has lowered the high end of its projection for sales and profits for fiscal 2013, citing reduced gross margin and moderating sales growth.
A number of mass market retailers have joined other merchants in rejecting and withdrawing from a proposed class-action settlement of an antitrust lawsuit over credit card fees. Other retailers, meanwhile, have filed a new lawsuit against Visa Inc. and MasterCard Inc.
Whole Foods Market Inc. has opened its first store in Detroit, the upscale grocer’s first step toward entering under-served urban markets.
Consumer confidence shot up to its highest level in six years last month, according to the Thomson Reuters/University of Michigan consumer sentiment index.
Tesco PLC’s domestic sales rebound appears questionable after the company reported a decline in same-store sales during its first quarter.
Tops Friendly Markets has completed its acquisition of four Big M supermarkets in upstate New York.
Pharmasave Drugs Ltd. has tapped Carmen Churcott to serve as its new chief executive officer.