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Inside This Issue - News

Outlook improving for many of nation's largest retailers

Many of the nation’s largest retailers posted solid first quarter results, and strong sales in such categories as apparel and home goods offer more signs that consumer confidence is improving as an overall economic recovery appears to gain traction.

Merlo likely to succeed Ryan as CEO at CVS

CVS Caremark Corp. chairman, president and chief executive officer Tom Ryan has decided to call it quits.

Delhaize and Anicetti part ways

Rick Anicetti has left Delhaize America, relinquishing the positions of executive vice president of the Delhaize Group and chief executive officer of Delhaize America Shared Services.

Clarke takes the CEO reins at Asda

Andy Clarke has been named president and chief executive officer of Asda Group PLC, the United Kingdom’s No. 2 supermarket chain. He succeeds Andy Bond, who stepped down in April to take the new, part-time role of chairman of the company’s executive board.

FMI: ‘We must adapt’

Saving money remains the top concern of supermarket shoppers, according to the latest customer survey from the Food Marketing Institute (FMI).

Lampert says dramatic changes are in the works at Sears

Two weeks before Sears Holdings Corp. reported a 38% drop in its quarterly profits last month, chairman Edward Lampert pointed out the company was undergoing dramatic changes that would significantly alter the way the retailer operates in the coming years.

Big profit gain caps year at 99¢ Only Stores

Dollar store operator 99¢ Only Stores wrapped up its 2010 fiscal year on a strong note, as net profit soared more than 600%, beating Wall Street’s expectations.

Supervalu gets back into black

Supervalu Inc. returned to a profit in the fourth quarter of fiscal 2010.

Walmart starts fiscal year with record sales, profits

Surging sales and operating profit at its international division helped Walmart overcome a sharper-than-expected drop in same-store sales at its U.S. stores, as first quarter net income exceeded both management’s and Wall Street’s forecasts.

Bi-Lo emerges from Chapter 11

Bi-Lo LLC has completed its financial restructuring and emerged from protection under Chapter 11.