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BOISE, Idaho – Albertsons Cos. has agreed to purchase and rebrand four Paul’s Market stores in Idaho. The stores, which will be converted to the Albertsons banner, are located in Homedale, Kuna, Boise and McCall, Idaho. Paul’s Market also announced that it will close its three other stores, which are located in Caldwell, Mountain Home
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
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
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. reported a 7.1 percent decline in same store sales for the three months ended January 31. The company, which plans to officially release its results on February 25, expects sales to total $25.1 billion for the 2015 fiscal year, down from $31.2 billion in fiscal 2014. Sears said
WOONSOCKET, R.I. — CVS Health saw sales climb by double digits for the 2015 fourth quarter and fiscal year, fueled in large part by its acquisition of long-term care pharmacy provider Omnicare Inc., while adjusted earnings per share were in line with Wall Street’s forecast. CVS said Tuesday that revenue for the fourth quarter ended
BENTONVILLE, Ark. — Walmart has tapped Andy Murray, who has served as its senior vice president of creative since August 2013, to serve as chief customer officer at the company’s Asda division in the United Kingdom, according to a Reuters news report. Murray replaces Barry Williams in the role, effective February 15. He will report
CAMP HILL, Pa. — Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast at a special meeting of stockholders on Thursday were in favor of the deal. A quorum of 74% of Rite Aid’s total outstanding
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
WESLEY CHAPEL, N.C. — The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as store-within-a-store departments and are located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, N.C. Executives from CVS Health and Target Corp. plan to participate a grand
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
NEW YORK — Walgreens Boots Alliance’s deal to acquire Rite Aid and partnership with Valeant Pharmaceuticals will build on WBA’s strong start in its first full year as a unified company, executive vice chairman and CEO Stefano Pessina said here at the annual shareholders meeting. “I am happy to say that we are on track
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