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Retail News Breaks Archives

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Week of Mon, Oct 22nd, 2012

Walmart unveils new sustainability initiatives

Walmart has launched a series of new sustainability initiatives at an event here attended by officials of the Chinese and U.S. governments, nongovernmental organizations (NGOs), academics, suppliers and Walmart associates.

Family Dollar appoints Colin McGinnis SVP, operations

Family Dollar Stores Inc. has named Colin McGinnis to the position of senior vice president, store operations support, store development and procurement. He reports to Barry Sullivan, executive vice president of store operations.

Hy-Vee, Casey’s launch fuel savings program

Hy-Vee Inc. and Casey’s General Stores have introduced their Fuel Saver program, which provides fuel discounts to shoppers who buy grocery items featured in Hy-Vee’s weekly Fuel Saver ad.

BI-LO provides health giveaways with flu shots

BI-LO LLC is continuing its “Shield Yourself” campaign by including product giveaways to BI-LO Bonuscard members who receive in-store flu vaccinations from October 24 to October 30.

Kroger names two senior vice presidents

Kroger Co. has appointed Marnette Perry to the position of senior vice president of strategic initiatives and operations, and named Michael Ellis senior vice president, retail divisions.

Supervalu swings to second quarter loss

Struggling supermarket operator and grocery wholesaler Supervalu Inc. posted a second quarter net loss of $111 million, or 52 cents per diluted share, as net sales declined 4.6% to $8.04 billion.

Target sells credit card portfolio to TD Bank Group

Target Corp. has agreed to sell its entire consumer credit card portfolio to TD Bank Group (Toronto Dominion Bank) for an amount equal to the gross value of receivables outstanding at the time of closing. The portfolio currently has a gross value of about $5.9 billion, according to Target.

Walmart faces new lawsuit

According to a Reuters report, a proposed class-action lawsuit has been filed in federal court here accusing Walmart and two staffing agencies of violating minimum wage and overtime laws.

Metro sells food service unit to Sysco

Metro Inc. has agreed to sell its Distagro food service division to Sysco Canada Inc., a subsidiary of Sysco Corp. The sale reflects the intention of Metro’s management to focus on its core supermarket and drug store businesses.