Retail News Breaks Archives

Week of Mon, Mar 29th, 2010

Sam’s Club eyes more collaboration with suppliers

Sam’s Club has invited its suppliers to enter into a more collaborative relationship.

Rite Aid 4Q misses Wall Street's expectations

Store closings and weak same-store sales led to a revenue decline for Rite Aid Corp. in its fiscal 2010 fourth quarter, with the drug store chain also falling short of Wall Street's earnings estimate.

Consumer confidence surges in March

After dropping off in the previous month, consumer confidence rebounded in March, according to The Conference Board.

Monthly sales come in flat at Rite Aid

Rite Aid Corp. saw its same-store sales improve but still come in flat during March.

BJ's boosts share buyback reauthorization

The board of directors at BJ's Wholesale Club Inc. has authorized the repurchase of up to an additional $200 million of the company's common stock.

FTC OK's Walgreens' acquisition of Duane Reade

Walgreen Co. has received regulatory clearance from the Federal Trade Commission to complete its planned acquisition of Duane Reade Holdings Inc.

Supervalu sells six bigg's stores

Supervalu Inc. has agreed to sell six bigg's supermarkets and their pharmacies in the greater Cincinnati area to local grocery chain Remke Markets.