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Retail News Breaks Archives

Week of   

Week of Mon, Jun 16th, 2014

Walmart names pharmacy merchandising exec

Mark Phillips has been appointed vice president of pharmaceutical merchandising for Walmart U.S.

Icahn urges sale of Family Dollar Stores

Activist investor Carl Icahn is calling on Family Dollar Stores Inc. to find a buyer.

Family Dollar promotes merchandise operations exec

Family Dollar Stores Inc. has promoted Jeffrey Thomas to senior vice president for merchandise operations.

Kroger's 1Q profit rises on strong sales gain

Kroger Co. saw net earnings climb 4.2% to $501 million in its fiscal 2014 first quarter on a 9.9% jump in sales to $33 billion.

Leading retailers agree to post unit pricing online

Walmart, Costco Wholesale Corp., Walgreen Co., CVS Caremark Corp., and FreshDirect have agreed to provide unit pricing online through an initiative with the New York attorney general's office.

Safeway proceeds with proposed Cerberus buyout

Safeway Inc. has entered into a preliminary settlement of a shareholder lawsuit related to the pending buyout of the supermarket chain by New York-based private equity firm Cerberus Capital Management LP.