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Retail News Breaks Archives

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Week of Mon, May 5th, 2014

Whole Foods shares fall on 2nd qtr. results

Whole Foods Market Inc.'s shares fell sharply Wednesday morning after the company posted flat earnings for its second quarter and lowered its 2014 same-store sales and earnings forecasts. Whole Foods sales growth is also cooling due to increased competition, analysts say.

Alliance Boots acquiring two chains in Latin America

Global pharmacy, health and beauty retailer and wholesaler Alliance Boots plans to acquire Farmacias Ahumada (FASA), the retail pharmacy business of Mexico-based Grupo Casa Saba S.A.B. de C.V. (Casa Saba).

Target CEO Steinhafel exits; CFO named interim CEO

Target Corp. chairman, president and chief executive officer Gregg Steinhafel is leaving the retailer in the aftermath of the data breach late last year that took its toll on profits, rattled customer confidence and prompted congressional hearings.