Issue 10-18-2010

Walmart revs up for more growth

BENTONVILLE, Ark. — After years of modest, incremental expansion, Walmart will accelerate the rollout of its Neighborhood Market format next year as part of an effort to penetrate untapped domestic markets with smaller stores. After years of modest, incremental expansion, Walmart will accelerate the rollout of its Neighborhood Market format next year as part of

Retail sales continue slow climb in September

NEW YORK — Retail sales beat expectations in September, rising 0.6% over August sales and 7.3% over September 2009, according to Commerce Department figures. Retail sales beat expectations in September, rising 0.6% over August sales and 7.3% over September 2009, according to Commerce Department figures. That marks the third straight month of gains and followed

Target sets sights on Canadian market

TORONTO — Target Corp. reportedly could open up to 200 stores in Canada, where it is expected to have its first international presence by mid-decade. Target Corp. reportedly could open up to 200 stores in Canada, where it is expected to have its first international presence by mid-decade. Representatives of Target met with Canadian developers

Sales, net decrease at Safeway

PLEASANTON, Calif. — Sales and earnings dipped in the fiscal 2010 third quarter at Safeway. Sales and earnings dipped in the fiscal 2010 third quarter at Safeway. The supermarket chain said overall revenue for the 12 weeks ended September 11 came in at $9.4 billion, down about 1% compared with the prior-year period. Same-store sales

Boer to become next Ahold CEO

AMSTERDAM, the Netherlands — Dutch supermarket operator Ahold NV says Dick Boer, the chief operating officer of the company’s European division, will take over as chief executive officer in March. Dutch supermarket operator Ahold NV says Dick Boer, the chief operating officer of the company’s European division, will take over as chief executive officer in

Strong finish for Tesco’s Leahy

LONDON — Departing chief executive officer Terry Leahy is leaving Tesco PLC on a high note, as the company reports a 15.3% increase in net profit for the first half of fiscal 2010. Departing chief executive officer Terry Leahy is leaving Tesco PLC on a high note, as the company reports a 15.3% increase in

Dollar Tree to buy Canadian chain

CHESAPEAKE, Va. — Dollar Tree Inc. has signed a definitive agreement to purchase Dollar Giant Store Ltd., a Vancouver, British Columbia-based chain of 85 stores that operates in British Columbia, Ontario, Alberta and Saskatchewan. Dollar Tree Inc. has signed a definitive agreement to purchase Dollar Giant Store Ltd., a Vancouver, British Columbia-based chain of 85

Walmart International eyes emerging markets

BENTONVILLE, Ark. — Walmart International will focus on growing in emerging markets next year, according to division president and chief executive officer Doug McMillon. Walmart International will focus on growing in emerging markets next year, according to division president and chief executive officer Doug McMillon. The discount store retailer’s capital investment in 2011 will drive

Winn-Dixie launches several revamped units

JACKSONVILLE, Fla. — After closing 30 underperforming outlets this summer, Winn-Dixie Stores Inc. has begun opening remodeled stores in a handful of markets. After closing 30 underperforming outlets this summer, Winn-Dixie Stores Inc. has begun opening remodeled stores in a handful of markets. In late September, for example, the supermarket company took the wraps off

Kroger unfazed by rising prices

CINCINNATI — Kroger Co. says it has no problem passing along food manufacturer price increases to consumers because it is confident that its private label products will keep sales strong. Kroger Co. says it has no problem passing along food manufacturer price increases to consumers because it is confident that its private label products will

Credit card win for retailers, consumers

WASHINGTON — Retailers and consumer advocates are calling the federal government’s recent agreement by credit card companies to change their fee structures a historic action that will benefit merchants and shoppers across the country. Retailers and consumer advocates are calling the federal government’s recent agreement by credit card companies to change their fee structures a

A spirited debate about retail

Last summer a small group of retailers and suppliers invited by Emerson Group president Scott Emerson gathered in New York City to address the issues surrounding branding and the attributes that make a particular brand “nontransferable,” not easily replaced by a similar brand or removed entirely from the merchandise mix. Last summer a small group