NEW YORK — While some economists have declared the recession over, discount retailers that have benefited from the downturn are wagering that consumers will continue to make price their highest priority for this year. While some economists have declared the recession over, discount retailers that have benefited from the downturn are wagering that consumers will
CHICAGO — Walmart and Target Corp. are becoming increasingly similar as the former improves its merchandising prowess and the latter sharpens its pricing, a new report contends. Walmart and Target Corp. are becoming increasingly similar as the former improves its merchandising prowess and the latter sharpens its pricing, a new report contends. “Of course, Target
TORONTO — Just days after the Ontario health minister unveiled plans to halve the reimbursement rate for prescriptions filled with generic drugs, the two largest chains in the province altered their operations to deal with the expected loss in revenue. Just days after the Ontario health minister unveiled plans to halve the reimbursement rate for
QUINCY, Mass. — Ahold USA is planning a reorganization of its retail merchandising and marketing operations, according to published reports. Ahold USA is planning a reorganization of its retail merchandising and marketing operations, according to published reports. Ahold intends to base all of its nonperishable and fresh merchandising functions in Carlisle, Pa., where its Giant-Carlisle
SALISBURY, N.C. — Food Lion LLC has debuted a new television advertising campaign, highlighting reduced prices on thousands of its best-selling items. Food Lion LLC has debuted a new television advertising campaign, highlighting reduced prices on thousands of its best-selling items. The ads are designed to support the supermarket retailer’s “New, Lower Prices” campaign that
BURBANK, Calif. — Fresh & Easy Neighborhood Market reached and then quickly passed the 150-store mark earlier this month. Fresh & Easy Neighborhood Market reached and then quickly passed the 150-store mark earlier this month. “Celebrating our 150th store is a wonderful milestone,” Fresh & Easy chief executive officer Tim Mason said on April 7
LEEDS, England — Andy Bond, president and chief executive officer of Asda PLC, will give up the position to become chairman of the retailer’s executive committee, a part-time role. Andy Bond, president and chief executive officer of Asda PLC, will give up the position to become chairman of the retailer’s executive committee, a part-time role.
SAN ANTONIO — Category management is too focused on product to serve today’s retailers well, argues Delhaize America Shared Services chief executive officer Rick Anicetti. What is needed is a new approach that puts a retailer’s customers at the center of the equation. Category management is too focused on product to serve today’s retailers well,
WASHINGTON — Matt Shay has been selected to serve as the next president and chief executive officer of the National Retail Federation (NRF). Matt Shay has been selected to serve as the next president and chief executive officer of the National Retail Federation (NRF). Shay assumes his new responsibilities on May 10 and will be
Walmart employs 2 million associates, give or take. Most are competent. Some are particularly capable. And a special few are extraordinary, able to advance the retailer’s agenda, move the company forward, implement new strategies and execute difficult assignments. Walmart employs 2 million associates, give or take. Most are competent. Some are particularly capable. And a
A program designed to enhance food safety received an important endorsement earlier this month when Kroger Co. put its seal of approval on the Rapid Recall Exchange. A program designed to enhance food safety received an important endorsement earlier this month when Kroger Co. put its seal of approval on the Rapid Recall Exchange. A