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Inside This Issue - News
While big-box mass merchants are experimenting with smaller formats, a number of supermarket chains are achieving success with enhancements to their standard formats. Higher markdowns and pricing pressures on appliances squeezed margins at Sears Holdings Corp. during its third quarter. As the cost of reopening the Zellers stores it acquired last year in Canada continues to mount, Target Corp. is reported to be looking to sell Zellers’ pharmacy files and start fresh with new pharmacies. Fresh & Easy Neighborhood Markets chief marketing officer Simon Uwins has left the chain. A&P has received a $490 million commitment from investors that will enable the beleaguered grocer to emerge from bankruptcy as a private company early next year. The top leadership post at Giant Eagle Inc. is staying in the family. Despite enhanced shopping experiences and attractive deals online, Walmart and Target Corp. trailed e-tailer Amazon on pricing in the early stage of the holiday season, a recent analysis found. The economy’s current instability makes it difficult to make any definitive projections from the back-to-school season onto the holidays.
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