Inside This Issue - News
After years of modest, incremental expansion, Walmart will accelerate the rollout of its Neighborhood Market format next year as part of an effort to penetrate untapped domestic markets with smaller stores.
Retail sales beat expectations in September, rising 0.6% over August sales and 7.3% over September 2009, according to Commerce Department figures.
Target Corp. reportedly could open up to 200 stores in Canada, where it is expected to have its first international presence by mid-decade.
Sales and earnings dipped in the fiscal 2010 third quarter at Safeway.
Dutch supermarket operator Ahold NV says Dick Boer, the chief operating officer of the company’s European division, will take over as chief executive officer in March.
Departing chief executive officer Terry Leahy is leaving Tesco PLC on a high note, as the company reports a 15.3% increase in net profit for the first half of fiscal 2010.
Dollar Tree Inc. has signed a definitive agreement to purchase Dollar Giant Store Ltd., a Vancouver, British Columbia-based chain of 85 stores that operates in British Columbia, Ontario, Alberta and Saskatchewan.
Walmart International will focus on growing in emerging markets next year, according to division president and chief executive officer Doug McMillon.
After closing 30 underperforming outlets this summer, Winn-Dixie Stores Inc. has begun opening remodeled stores in a handful of markets.
Kroger Co. says it has no problem passing along food manufacturer price increases to consumers because it is confident that its private label products will keep sales strong.
Retailers and consumer advocates are calling the federal government’s recent agreement by credit card companies to change their fee structures a historic action that will benefit merchants and shoppers across the country.