GOODLETTSVILLE, Tenn. — Dollar General Corp. on Thursday reported quarterly same-store sales gains that beat analysts’ expectations. Total sales and net income also showed solid increases in the quarter and fiscal year, according to the company. Same-store sales increased 2.2% in the fourth quarter ended January 29, and 2.8% in the fiscal year. Net sales
NEW YORK — Target Corp. is making major investments in its supply chain infrastructure as it seeks to facilitate increased online sales and support better in-stock conditions in its stores. “Our future depends on getting the fundamentals right,” Target chairman and chief executive officer Brian Cornell said during his company’s recent meeting with the investment
GRAND RAPIDS, Mich. — Meijer Inc.’s expansion plans for the year include an investment of more than $400 million in projects that will include the construction of nine new Meijer supercenters and the remodeling of 32 other outlets. “We are pleased to continue to grow and invest in the Midwest communities that have supported us
BRAINERD, Minn. — Former Walmart chief merchandising and marketing officer Duncan Mac Naughton assumes the role of CEO of Mills Fleet Farm, a Midwestern retailer with 35 stores in Wisconsin, Minnesota, Iowa and North Dakota. His appointment became effective Monday upon the completion of the retailer’s acquisition by the investment firm KKR. “I am honored
MINNEAPOLIS — Target Corp. has hired Amazon.com Inc. executive Arthur Valdez to serve as executive vice president, chief supply chain and logistics officer. He will lead Target’s supply chain transformation including planning, distribution and transportation. Valdez, who will join the company on March 28, will report to Target executive vice president and chief operating officer
BATAVIA, Ill. — Aldi will open the doors of its first eight stores in Southern California on March 24. The grand openings will be the first wave in a planned expansion that will add about 45 stores in Southern California by the end of the year. “Ever since we announced our plan to bring Aldi
MINNEAPOLIS — Target Corp. on Friday promoted Stephanie Lundquist to executive vice president and chief human resources officer. In this post she heads the human resources strategy affecting the company’s 347,000 employees. She reports to Target chairman and chief executive officer Brian Cornell. “Stephanie has played a critical leadership role in Target’s transformation efforts, developing
LAKELAND, Fla. — Publix Super Markets Inc. is expanding into Virginia, which will be the employee-owned grocery chain’s seventh state. The retailer said on Tuesday that it has signed two leases for stores in the greater Richmond area. The Bristol store will measure 54,000 square feet and will be located at the northeast corner of
BENTONVILLE, Ark. — Walmart on Friday announced plans to close 269 stores worldwide, including all 102 of its small-format Walmart Express stores in the United States. The company said the move is a result of a review of the nearly 11,600 stores in its global portfolio. That review, announced in October, was intended to ensure
WOONSOCKET, R.I. — CVS/pharmacy is relaunching the color cosmetics segment of its exclusive Nuance Salma Hayek brand with newly formulated and repackaged products that will begin appearing in stores in March. On Wednesday the drug chain released a video promoting the cosmetics products, describing them as “a luxurious collection enriched with exotic ingredients.” The Salma Hayek
CINCINNATI — Fred Meyer president Lynn Gust is retiring from his post as Kroger Co.’s Fred Meyer Stores division, effective January 31. He will be succeeded by Jeff Burt, president of Kroger’s Central division. Fred Meyer, based in Portland, Ore., offers one-stop shopping at 132 multi-department stores in Alaska, Idaho, Oregon and Washington. Gust started
GRAND RAPIDS, Mich. — Meijer Inc. says its pharmacies reached a major milestone late last month when the retailer’s free prescription program hit 30 million prescriptions dispensed since the program launched in October 2006. The program has saved customers more than $422 million, said Nat Love, vice president of pharmacy for the Grand Rapids, Mich.-based