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Retail News Breaks Archives

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Week of Mon, Apr 15th, 2013

Tesco pulls plug on Fresh & Easy

Tesco PLC has confirmed that it will exit the United States and has classified its Fresh & Easy chain as a discontinued operation.

Target lowers earnings forecasts for quarter, year

Target Corp. has updated its forecast for first quarter comparable-store sales and earnings as well as full-year reported earnings following the sale of its credit card portfolio and settlement of its debt tender offers.

Stater Bros. names new president, COO

Stater Bros. Markets has appointed Peter Van Helden as president and chief operating officer, succeeding Jim Lee, who will retire effective June 1. Van Helden will report to chairman and chief executive officer Jack Brown.