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Retail News Breaks Archives

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Week of Mon, Mar 24th, 2014

Loblaw completes acquisition of Shoppers Drug Mart

Canadian food and drug retailer Loblaw Cos. has closed its acquisition of Shoppers Drug Mart Corp., which is now a separate operating division of Loblaw.

Walmart sues Visa over transaction fees

Walmart has sued Visa Inc. for allegedly conspiring with banks to illegally fix and inflate transaction fees the retailer pays on card transactions.

Target CFO testifies again on data breach

Target Corp.’s chief financial officer is headed back to Capitol Hill to testify before a Senate committee looking into consumer protections against cyberattacks.

A&P promotes COO to CEO

Paul Hertz, chief operating officer of the Great Atlantic & Pacific Tea Co. (A&P), has been appointed president and chief executive officer of the struggling regional supermarket operator.

Family Dollar tabs Hancock as senior VP

Family Dollar Stores Inc. named Brian Hancock as senior vice president of supply chain, reporting to chairman and chief executive officer Howard Levine.

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