Retail News Breaks Archives

Week of Mon, Jan 2nd, 2012

Safeway to divest Genuardi's, sells 16 stores to Giant

Safeway Inc. has agreed to sell 16 Genuardi's stores in greater Philadelpha to Giant Food Stores as part of a move to divest the chain.

December retail sales weaker than expected

December sales were disappointing for several of the nation’s mass merchants, as unseasonably warm weather in several parts of the nation deterred shoppers from buying winter seasonal goods.

Shopko Stores set to merge with Pamida

Regional discounters Shopko Stores and Pamida plan to merge, creating a retail operation with nearly 350 stores in 22 states.

Dollar General reveals expansion plans

Dollar General Corp. plans to open 625 stores and remodel another 550 locations during 2012.

Walgreens bids to retain Express Scripts customers

Walgreen Co. is offering a discount on annual membership in its Prescription Savings Club (PSC) this month as well as other promotions to lure customers of Express Scripts Inc.

Stater Bros. earns green award

Stater Bros. Markets has received a Waste Reduction Award from the California Department of Resources Recycling and Recovery Waste Reduction Awards Program for the second year in a row.

Rite Aid kicks off 2012 with promotion

Rite Aid Corp. is offering members of its wellness+ loyalty program special discounts on select products from January 1 through January 28.

Sears, Kmart get new top merchant

Sears Holdings Corp. has moved to reverse its declining performance by hiring Ron Boire, the former president and chief executive officer of Brookstone Inc., as executive vice president, chief merchandising officer and president, Sears and Kmart formats.