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Retail News Breaks Archives

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Week of Mon, Jun 23rd, 2014

Dreiling to retire from Dollar General

Dollar General Corp. announced that Rick Dreiling will retire as chief executive officer on May 30, 2015, or upon the appointment of a successor.

Big Lots announces quarterly dividend

Big Lots Inc. has initiated a quarterly dividend as it seeks "a more balanced approach to returning cash to shareholders."

Sobeys to shutter 50 underperforming stores

Sobeys Inc. says it is closing about 50 underperforming grocery stores as it seeks cost savings following the acquisition last year of Safeway Canada.

Walmart reshuffles merchandising ranks

Walmart has made 13 executive appointments in its merchandising division, including the promotion of company veteran Scott Huff to the role of executive vice president overseeing merchandising operations.

Rite Aid Health Alliance adds partner

Heritage Provider Network (HPN), one of California’s largest health care provider networks, has become the latest Rite Aid Health Alliance partner.

Walgreens’ third quarter sales rise

Walgreen Co. said Tuesday that its third-quarter sales increased 5.9% over the previous year’s quarter to $19.4 billion as total sales in comparable stores increased 4.8%.

Rite Aid unveils latest iteration of wellness store

Rite Aid Corp. officially took the wraps off the latest version of its "wellness store" format here on Monday.

Van den Berghe to lead Walmart Canada

Walmart said it has hired Delhaize Group executive Dirk Van den Berghe to lead its Canadian operations. He will officially become chief executive officer of Walmart Canada on August 1.

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