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Walmart to sell majority stake in Brazil operation

Walmart to sell majority stake in Brazil operation

BENTONVILLE, Ark. — Walmart on Monday said it has sold a majority stake in its Brazilian operations to a private equity firm. The move is the second pullback from an international market this year for Walmart, which in April announced that it would merge its ASDA division in the United Kingdom with supermarket rival J.

Recounting the rise of Dollar General

Recounting the rise of Dollar General

Many companies today embrace some form of continuous improvement process, under which they strive to make their products, services and systems better over time. The CIP concept seems very professional and corporate, but former Dollar General Corp. chief executive officer Cal Turner Jr. had a blunter version of the same idea. “Would you like to

Fred’s Inc. CEO Michael Bloom resigns

Fred’s Inc. CEO Michael Bloom resigns

MEMPHIS, Tenn. — Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board. Joseph Anto, the company’s executive vice president, chief financial officer and secretary, will serve as interim chief executive officer. “The Board is appreciative

Retailers part ways with Trump on tariffs

Retailers part ways with Trump on tariffs

Despite his fiery rhetoric and sometimes unpredictable policy positions during the 2016 campaign, Donald Trump has mostly turned out to be the kind of president that business leaders can appreciate. The National Retail Federation praised the tax reform bill signed into law by President Trump, for example, calling it a “major victory for lawmakers.” And

Online/traditional line in retail disappearing

We are moving quickly toward a world where it no longer makes sense to talk about “online retailers” and “traditional retailers.” Increasingly there are just retailers, who allow their customers to shop however they like. The merging of physical and digital retailing is the main takeaway from this year’s “State of Retail Online” study from

Albertsons Cos. opens digital marketplace to vendors

Albertsons Cos. opens digital marketplace to vendors

BOISE, Idaho – Albertsons Cos. is inviting vendors to join its new digital marketplace for food and wellness products. The online marketplace, set to open to consumers early this summer, will provide a venue where Albertsons Cos. customers can find and buy hard-to-find products and to discover new items and trends, the company says. “At

Fresco Y Mas format to expand

Fresco Y Mas format to expand

JACKSONVILLE, Fla. — Southeastern Grocers said Tuesday that it would expand its Fresco y Más Hispanic banner beyond South Florida, opening three new locations in Orlando and Tampa, Florida. The announcement came less than a week after the company, which operates the Winn-Dixie, BI-LO, Harveys and Fresco y Más chains, said it would close 94

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