Inside This Issue - News
In the face of a challenging global economic environment, Walmart is focused on initiatives to improve domestic sales and international returns in the near term, executives said during the company’s annual analyst conference here.
Walmart says it will buy out its partner in a wholesale venture in India, ending the six-year relationship and leaving the world’s largest retailer without a partner in the country.
Safeway Inc.’s plan to divest its Dominick’s grocery chain and leave the Chicago market furthers its strategy of focusing on core assets, according to company executives.
Dollar General Corp. and Family Dollar Stores Inc. reached expansion milestones this month. Dollar General opened its 11,000th store, in Murfreesboro, Tenn.; while Family Dollar debuted its 8,000th, in Lancaster, S.C.
Same-store sales rose modestly in September, with analysts blaming economic uncertainty linked to the then-looming government shutdown, and unusually warm weather that hurt sales of fall goods.
Paul Sobey plans to retire on December 11 from his posts as president and chief executive officer of Empire Co., the parent company of Canadian supermarket operator Sobeys Inc.
Bi-Lo Holdings LLC says that it will rename the Sweetbay and Reid’s stores that it acquired earlier this year from Delhaize Group.
The National Retail Federation (NRF) forecasts modest sales gains this holiday season, projecting a 3.9% advance in November and December to $602.1 billion. The prediction is higher than the 10-year average of 3.3% and last year’s 3.5%.
Alex Gourlay, president of Walgreen Co.’s daily living business, earlier this month unveiled marketing and merchandising changes to hone the drug chain’s strategic direction going forward.
Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 protection in U.S. Bankruptcy Court here late last month.