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Inside This Issue - News
Walmart executives celebrated the retailer’s improving performance as well as its 50th anniversary during the company’s annual meeting here earlier this month. After a solid first quarter, Walmart executives were upbeat in addressing analysts during the company’s annual meeting here. Walmart president and chief executive officer Mike Duke spoke on the subject of “Walmart’s Enduring Values” at the company’s recent annual meeting. Here are his prepared remarks: Dollar General Corp.’s large format stores are boosting the chain’s basket size, says chairman and chief executive officer Rick Dreiling. Despite worries about consumer confidence and the health of the economy, retailers posted stronger-than-expected sales in May. The Southern California division of Supervalu Inc.’s Albertsons grocery says it will eliminate between 2,200 and 2,500 store-level jobs by the end of June. The Global Market Development Center (GMDC) concluded its 42nd annual GMDC General Merchandise Conference here earlier this month. Working with a diverse group of suppliers that includes women- and minority-owned companies makes good business sense, according to the participants in a panel discussion at the recent FMI 2012 conference here. Presiding at the 56th annual shareholders meeting of Loblaw Cos., executive chairman Galen Weston reported that in fiscal 2011 the company delivered four more quarters of year-over-year EBITDA (earnings before interest, taxes, depreciation and amortization) growth, recording a run of 16 consecutive quarters of improved results.
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