BRUSSELS — Rick Anicetti has left Delhaize America, relinquishing the positions of executive vice president of the Delhaize Group and chief executive officer of Delhaize America Shared Services. Rick Anicetti has left Delhaize America, relinquishing the positions of executive vice president of the Delhaize Group and chief executive officer of Delhaize America Shared Services. Anicetti
LEEDS, England — Andy Clarke has been named president and chief executive officer of Asda Group PLC, the United Kingdom’s No. 2 supermarket chain. He succeeds Andy Bond, who stepped down in April to take the new, part-time role of chairman of the company’s executive board. Andy Clarke has been named president and chief executive
LAS VEGAS — Saving money remains the top concern of supermarket shoppers, according to the latest customer survey from the Food Marketing Institute (FMI). Saving money remains the top concern of supermarket shoppers, according to the latest customer survey from the Food Marketing Institute (FMI). The survey, whose results were presented at the association’s recent
HOFFMAN ESTATES, Ill. — Two weeks before Sears Holdings Corp. reported a 38% drop in its quarterly profits last month, chairman Edward Lampert pointed out the company was undergoing dramatic changes that would significantly alter the way the retailer operates in the coming years. Two weeks before Sears Holdings Corp. reported a 38% drop in
COMMERCE, Calif. — Dollar store operator 99¢ Only Stores wrapped up its 2010 fiscal year on a strong note, as net profit soared more than 600%, beating Wall Street’s expectations. Dollar store operator 99¢ Only Stores wrapped up its 2010 fiscal year on a strong note, as net profit soared more than 600%, beating Wall
MINNEAPOLIS — Supervalu Inc. returned to a profit in the fourth quarter of fiscal 2010. Supervalu Inc. returned to a profit in the fourth quarter of fiscal 2010. The reported bottom line for the 12 weeks ended February 27 swung to a net profit of $97 million, or 46 cents per diluted share, from red
BENTONVILLE, Ark. — Surging sales and operating profit at its international division helped Walmart overcome a sharper-than-expected drop in same-store sales at its U.S. stores, as first quarter net income exceeded both management’s and Wall Street’s forecasts. Surging sales and operating profit at its international division helped Walmart overcome a sharper-than-expected drop in same-store sales
GREENVILLE, S.C. — Bi-Lo LLC has completed its financial restructuring and emerged from protection under Chapter 11. Bi-Lo LLC has completed its financial restructuring and emerged from protection under Chapter 11. "This announcement is great for Bi-Lo, our teammates and our loyal customers," comments Michael Byars, president and chief executive officer. "With our financial restructuring
MINNEAPOLIS — This fall Target Corp. plans to give customers an additional 5% off at checkout every day when they pay with a Target REDcard credit or debit card at any Target store or on Target.com. This fall Target Corp. plans to give customers an additional 5% off at checkout every day when they pay
MINNEAPOLIS — This fall Target Corp. plans to give customers an additional 5% off at checkout every day when they pay with a Target REDcard credit or debit card at any Target store or on Target.com. This fall Target Corp. plans to give customers an additional 5% off at checkout every day when they pay
NEW YORK — Key mass market retailers turned in healthy same-store sales gains for May, though some leading drug store chains continued to see disappointing comparable sales results. Key mass market retailers turned in healthy same-store sales gains for May, though some leading drug store chains continued to see disappointing comparable sales results. Major chains
NEW YORK — Key mass market retailers turned in healthy same-store sales gains for May, though some leading drug store chains continued to see disappointing comparable sales results. Key mass market retailers turned in healthy same-store sales gains for May, though some leading drug store chains continued to see disappointing comparable sales results. Major chains