Inside This Issue - News

Supervalu looks for solutions

Supervalu Inc. suspended its dividend earlier this month while it seeks to fund aggressive price cuts aimed at winning back shoppers.

Retailers, credit card firms reach settlement

Visa, MasterCard and several major banks earlier this month agreed to pay more than $7 billion to settle an antitrust case brought on behalf of 7 million retailers that accept the companies’ credit cards.

Target openings in Canada slated

Target Corp. has confirmed the stores it plans to open in Canada next year.

June sales are disappointing

Americans spent less at retail businesses for the third straight month in June.
According to a Commerce Department report released earlier this month, spending during June fell in nearly every major category.

Walgreens to acquire 144-store USA Drug

As it continues to increase its presence across the country, Walgreen Co. has purchased USA Drug.

Family Dollar on roll

Net income grew by double digits at Family Dollar Stores Inc. during the third quarter, but expanding consumables sales pressured gross margins and results just missed Wall Street’s expectations.

Still in budget mode

The sluggish economy has consumers continuing to hunt for discounts regardless of their incomes, according to Acosta Sales & Marketing’s latest “The Why? Behind The Buy” biannual report.