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Inside This Issue - News

Guard set to change at Walmart

Walmart has named Doug McMillon to replace Mike Duke, who is retiring as president and chief executive officer, effective February 1.

Holiday selling season gets off to shaky start

Americans crowded into stores over Thanksgiving weekend to take advantage of Black Friday deals, according to the National Retail Federation (NRF). But while store traffic was up, spending was down.

Foulkes will oversee retail business at CVS

Helena Foulkes has been named to succeed Mark Cosby as president of CVS/pharmacy.
Foulkes, who will assume the post on January 1, has been CVS Caremark Corp.’s chief health care strategy and marketing ­officer.

Management to take ownership of Tops

Six executives from Tops Friendly Markets have agreed to purchase the company from its private equity owner Morgan Stanley Capital Partners.

Shopko names McMahon CEO

International retailing veteran Peter McMahon has been named chief executive officer of Shopko Stores Operating Co.

Supreme Court rejects tax case

The Supreme Court has refused to hear a legal challenge to a law that requires Amazon.com Inc. and other online retailers to collect state sales taxes. Amazon and Overstock.com had challenged the New York law.

Stores in two states are upgraded by Food Lion

Food Lion has made what it says are significant investments in 169 stores across North Carolina and South Carolina.

Roundy’s buys 11 Dominick’s stores

Safeway Inc. has sold 11 of its Dominick’s supermarkets here to Roundy’s Inc. in a $36 million cash and lease assumption transaction.

Big Lots restructures merchandising team

Big Lots Inc. has appointed three general merchandise managers as part of a realignment of its merchandising organization into customer-centric categories of food and consumables; furniture and home decor; and seasonal, toys and electronics.

Giant-Carlisle in expansion mode

Giant Food Stores (Giant-Carlisle), a division of Ahold USA, has opened two new stores and launched Giant Pick Up service in several Pennsylvania communities. The chain also announced a third store opening to occur in December.

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