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Retail News Breaks Archives

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Week of Mon, May 10th, 2010

Whole Foods Market realigns leadership; Mackey becomes co-CEO

Under an executive realignment, Whole Foods Market Inc. co-founder John Mackey will share the chief executive officer post, and the company will now have a single president and chief operating officer.

Walmart commits $2 billion to fight hunger

Walmart and the Walmart Foundation have made a $2 billion cash and in-kind commitment under a five-year initiative to help end hunger in the United States.

FMI elects new officers and board members

The Food Marketing Institute this week announced the election of two new vice chairmen and five new members of its board of directors.

CVS Caremark CEO Tom Ryan to retire

Tom Ryan, chairman, president and chief executive officer of CVS Caremark Corp., plans to retire from the CEO post at next year's annual shareholder meeting in May.

Target, Dollar General, Rite Aid support disaster relief

Mass retailers Target Corp., Dollar General Corp. and Rite Aid Corp. are supporting relief efforts in the Gulf oil spill and the Southeast floods with donations of cash and supplies.

Winn-Dixie sees earnings surge in 3Q

Winn-Dixie Stores Inc. posted a nearly 26% gain in net earnings for its fiscal 2010 third quarter but saw sales decline.

Walmart taps Clarke as new Asda CEO

Walmart has promoted Andy Clarke to president and chief executive officer of Asda, its United Kingdom supermarket subsidiary.

Safeway names merchandising chief

Safeway Inc. has appointed company veteran Kelly Griffith as president of merchandising, a newly created post.

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