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GOODLETTSVILLE, Tenn. — Dollar General Corp. will present its strategic plans to support its growth model at its annual conference with investors on March 25. Todd Vasos, Dollar General’s chief executive officer, will provide an update on key initiatives to support the company’s long-term strategic plans aimed at delivering total annual shareholder returns (earnings per
MEMPHIS — Fred’s Inc. reported improved results for its fiscal 2015 fourth quarter and fiscal year on Wednesday. The company also announced that Michael Hayes, 74, is slated to step down as chairman of the board of directors on April 15, to be succeeded by director Thomas Tashjian, 61. Hayes will become chairman emeritus and
SEATTLE — Amazon.com Inc. has filed suit against Arthur Valdez, its former senior supply chain and logistics operator, seeking to prevent him from starting a new job with Target Corp. Target announced last month that it had hired Valdez to serve as executive vice president, chief supply chain and logistics officer. Valdez, who is due
GRAND RAPIDS, Mich. — Meijer Inc. has confirmed the purchase of a potential store site in the Twin Cities market, although the company says it has no immediate plans to open a supercenter there. The approximately 30-acre property is located at the northeast intersection of Highway 610 and Zane Avenue in the Minneapolis suburb of
MINNEAPOLIS —Target Corp. has strengthened its technology team with two new hires. Tom Kadlec will join the retailer as senior vice president of infrastructure and operations, and will be in charge of efforts to modernize and enhance Target’s technology foundation, according to the company, which said Joel Crabb has been hired to serve as vice
CINCINNATI — Kroger Co. has promoted Mary Ellen Adcock to the post of group vice president of retail operations, effective May 16. She succeeds Marnette Perry, whose retirement was previously announced. Adcock is currently vice president of operations for Kroger’s Columbus division. “Mary Ellen brings to her new role a strong track record of success leading
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
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
SALISBURY, N.C. — Food Lion announced on Wednesday that it will remodel its 142 stores in the Charlotte, N.C., area this year, at a cost of $215 million. The project is part of an ongoing rebranding across its nearly 1,100 stores in 10 states. The campaign is dubbed “Easy, Fresh and Affordable. You Can Count
BATAVIA, Ill. — Aldi Inc. has promoted Brent Laubaugh to co-president of its U.S. operations, effective March 28. He will join existing co-presidents David Behm and Chuck Youngstrom, who will continue to serve in those roles. All three will report to Aldi chief executive officer Jason Hart. Laubaugh has been with Aldi for more than 20
TOLLESON, Ariz. — Fry’s Food Stores on Friday announced plans to spend $260 million to add seven new stores in Arizona this year. The chain, a division of Kroger Co., currently operates 119 stores in Arizona. Six of the planned new stores will be Fry’s Marketplace outlets; the larger format (averaging 124,000 square feet) stores
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