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Inside This Issue - News
Target Corp. intends to make sure shoppers have plenty of reasons to visit its stores this holiday season, and no reason to go anywhere else. Executives at Kroger Co. told investors here earlier this month that the supermarket giant has a clear plan for long-term growth. Walmart’s business is building momentum and delivering strong financial results, executives said at the company’s annual meeting with investors here earlier this month. Supervalu Inc., which reported a loss of $111 million in its second fiscal quarter, says it is in active discussions with interested parties about options that could include the sale of all or part of the company. The Food Marketing Institute (FMI) has once again acted on its conviction that supermarkets are the natural place for consumers to benefit from the synergies between nutrition and health care. With consumer preferences helping to affect where and how people shop for food, beverages, personal goods and household goods, dollar stores are becoming increasingly important for suppliers, a new report from Deloitte Research says. After announcing a restructuring of senior leadership in late summer, Supervalu Inc. has promoted a pair of executives to fill vacancies that recently opened up in two key positions. The retail industry may be moving toward a “post-modern consumer-centric” era triggered by the speed of technological advances, globalization and fierce competition, both online and off-line, according to a new report from PwC US and Kantar Retail, titled “Retailing 2020.” J.C. Penney Co. recently provided a look at its vision of the future of department store retailing. The company’s new store in this Philadelphia suburb shows off its “Shops” concept, a collection of store-within-a-store departments meant to showcase hot brands and become shopper destinations.
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