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Ahold, Delhaize shareholders approve merger

Ahold, Delhaize shareholders approve merger

ZAANDAM, the Netherlands and BRUSSELS, Belgium — Shareholders of Koninklijke Ahold N.V. and Delhaize Group have voted to approve the proposed merger of the two retailers, the companies announced on Monday. The deal is subject to regulatory approval and is expected to close later this year. Officials with the companies said the merger, announced last

Kroger’s earnings rise for Q4 and year

Kroger’s earnings rise for Q4 and year

CINCINNATI — Kroger Co. on Thursday said profits increased 17% to $2.04 billion in the fiscal year ended January 30 on a 1.3% rise in sales to $109.8 billion. The company said same-store supermarket sales, excluding fuel, have now increased for 49 consecutive quarters. “2015 was an outstanding year for Kroger,” chairman and chief executive

Ritchie Casteel to exit Save-A-Lot

Ritchie Casteel to exit Save-A-Lot

EDEN PRAIRIE, Minn. — Save-A-Lot president Ritchie Casteel is leaving the company March 11 and will not be replaced, according to a regulatory filing by Supervalu Inc., Save-A-Lot’s parent. The St. Louis Business Journal reported the filing on February 29. Casteel joined the discount supermarket chain three years ago as its president and chief executive

Target shows earnings growth for Q4, fiscal year

Target shows earnings growth for Q4, fiscal year

MINNEAPOLIS — Target Corp. on Wednesday posted fiscal fourth quarter earnings that were in line with the company’s forecast. The company said store traffic and sales grew during the year-end holiday season. Same-store sales rose 1.9% in the period, driven in part by a 34% increase in online sales. Target offered free shipping on online

Walmart’s Q4 sales rise, earnings decline

Walmart’s Q4 sales rise, earnings decline

BENTONVILLE, Ark. — Walmart on Thursday said fourth quarter net income fell 7.9% to $4.5 billion. The company also lowered its outlook for the current quarter, in part due to the effects of a stronger dollar and the costs of recent store closings. Walmart said last month that it would close 269 stores globally, including

NRF forecasts 3.1% rise in retail sales for 2016

NRF forecasts 3.1% rise in retail sales for 2016

WASHINGTON — Economists at the National Retail Federation (NRF) predict retail industry sales in 2016 will exceed their 10-year average as the economy continues to grow and consumers show more willingness to spend. The federation forecasts sales will increase 3.1% this year, topping the 2.7% average over the past decade. The report, released today, predicts

Supervalu names Mark Gross president, CEO

Supervalu names Mark Gross president, CEO

EDEN PRAIRIE, Minn. — Supervalu Inc. announced on Wednesday the appointment of Mark Gross as president and chief executive officer, effective February 5. Gross, 52, will succeed Sam Duncan, who is retiring at the end of this month. Gross has more than two decades of experience in the grocery and wholesale industries. For the past

Mike Calbert named Dollar General chairman

Mike Calbert named Dollar General chairman

GOODLETTSVILLE, Tenn. — Dollar General Corp. announced on Thursday that Rick Dreiling will step down from the board of directors, where he is chairman, effective January 29. The company named Mike Calbert as nonexecutive chairman, effective January 30. Calbert has been a director for the past eight years, and he served as chairman from July

Publix CEO announces retirement plans

Publix CEO announces retirement plans

LAKELAND, Fla. — Ed Crenshaw, chief executive officer of Publix Super Markets Inc., announced on Wednesday that he will retire on April 30. Crenshaw will be succeeded by Todd Jones, Publix’s president, who will retain the presidency, the company said. Crenshaw has been with the privately held supermarket operator since 1974, when he was hired