Inside This Issue - News
October sales provided signs of hope for the upcoming holiday shopping season, but retailers are taking no chances.
According to the National Retail Federation, an expansive range of issues relating to retailers could be impacted in the aftermath of the 2010 midterm elections, which resulted in Republicans winning control of the House of Representatives and in the GOP narrowing the edge that Democrats hold in the Senate.
Target Corp. has redesigned stores in the Chicago, Dallas and Washington, D.C., markets, increasing fresh food offerings in each in a bid to build shopping frequency.
Supervalu Inc. has sold its 14-store Bristol Farms division to the chain’s management and the investment firm Endeavour Capital.
CVS Caremark Corp. reported a 21% drop in third quarter profit. The company said earnings were dragged down by its pharmacy benefit management (PBM) unit, which lost business from previously canceled contracts.
After opening 18 new stores last year, Wakefern Food Corp. saw its annual sales increase to nearly $12 billion, executives said at the company’s annual meeting here late last month.
Saving money at the supermarket is a bigger priority for consumers struggling to cope with the current economy, the latest shopper trends report from the Food Marketing Institute (FMI) has found.