Retail News Breaks Archives
With new data this week showing its share of the U.K. market shrinking to a 10-year low of 29%, Tesco PLC is set to report earnings that show its turnaround effort remains a work in progress.
The chief executive officer of South African retailer Massmart Holdings Ltd. will resign on June 1. Grant Pattison joined the company seven years ago and oversaw the sale of a majority stake in the company to Walmart.
Kathleen Sebelius, who endured harsh criticism over the flaw-filled launch of the Obamacare website only to see the program surpass an administration goal with an estimated 7.5 million enrollees, has resigned as secretary of the Department of Health and Human Services.
Walmart says it is re-launching the Wild Oats brand as a discount alternative to national brand organic groceries.
Family Dollar Stores Inc. says it will pare payrolls and close about 370 underperforming stores as it seeks to improve its financial performance.
Rite Aid Corp. has acquired RediClinic, a Houston-based operator of retail health clinics.
Canadian dollar store operator Dollarama Inc. said its fiscal fourth quarter profit rose nearly 8% on higher sales, as the company increased its store count by 27 in the period.
Target Corp. will expand its line of natural, organic and sustainable products by partnering with 17 brands.