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Inside This Issue - News

Walmart goes small

Walmart showed off its latest thinking in small-box retailing here, with the debut of its Walmart Express format. At just 15,000 square feet, the store is just one-tenth the size of a typical Walmart Supercenter.

Corporate culture will ensure further growth

Wal­mart’s top priority is growth, president and chief executive officer Mike Duke told associates and shareholders at the company’s recent annual meeting here.

Bid for BJís submitted by investors

The private equity firm Leonard Green & Partners joined forces with CVC Capital Partners earlier this month in an attempt to buy BJ’s Wholesale Club Inc.

California debut is set by Dollar General

Dollar General Corp. plans to open its first stores in California in 2012 following expansions in recent years in such other western states as Arizona and ­Colorado.

Target bullish about future north of the border

Target Corp. sees great potential in Canada, where in the next 10 years the retailer plans to open 200 new stores and generate sales of $6 billion per year.

Canadian operation begins to take shape

Target Corp.’s expansion into Canada is taking shape. The company has chosen a management team and a headquarters building for its Target Canada unit, and it has selected the first group of Zellers store sites for possible conversion into Target outlets.

Dollar Store stake hiked by Ackman

Hedge fund manager William Ackman has increased his ownership of Family Dollar Stores Inc. by about 5 million shares, making his Pershing Square Capital Management the largest shareholder of the discount retailer.

Kroger fiscal year off to good start

Kroger Co.’s first quarter performance beat Wall Street’s expectations, with double-digit increases in sales and earnings.

Formatís potential excites Buley

The Bargain Shop Holdings Inc. has the potential to grow in Canada in much the same way that Dollar General Corp. has grown in the United States, Beryl (Jack) Buley believes.