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Retail News Breaks Archives Retail trade sales fell 1.4% in May from the previous month but remain well above the total from a year earlier, the Commerce Department reported. Duckwall-ALCO Stores Inc. posted decreased revenue and same-store sales for its fiscal 2011 first quarter. Target Corp.'s board of directors has declared a quarterly dividend of 25 cents per common share, a 47% increase from the prior quarterly rate of 17 cents per common share. Winn-Dixie Stores Inc. has opened a prototype supermarket in Margate, Fla., that showcases its new "fresh and local" strategy. Walmart has promoted Jeff Gearhart, executive vice president and general counsel, to the additional post of corporate secretary. CVS Caremark Corp. has turned up the heat in the feud that erupted this week with rival pharmacy operator Walgreen Co. Family Dollar Stores Inc. has named Scott Zucker as vice president of IT solutions delivery. Dollar General Corp. turned in a robust performance for its fiscal 2010 first quarter, posting a double-digit sales gain and besting Wall Street's and its own earnings expectations. Weis Markets Inc. has launched new television commercials that are designed to highlight the company's commitment to being a locally focused supermarket chain offering a strong combination of value, service and quality. Tesco PLC chief executive officer Terry Leahy plans to retire early next year, and the British supermarket retailer has named Philip Clarke as his successor. Walgreen Co. and CVS Caremark Corp., which operate the nation's two largest drug store chains, are at odds over issues related to the Caremark pharmacy benefits management (PBM) business.
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