Issue 12-13-2010

Legal battle begins

WILMINGTON, Del. — A judge has temporarily blocked CVS Caremark Corp. from hiring Hank Mullany, former president of the northern division of Walmart U.S. A judge has temporarily blocked CVS Caremark Corp. from hiring Hank Mullany, former president of the northern division of Walmart U.S. CVS had announced Mullany’s appointment as president of CVS/pharmacy, succeeding

November sales offer reason for optimism

NEW YORK — Consumers were ready to spend in November and retail sales surged, boosting hopes for a strong holiday season. Consumers were ready to spend in November and retail sales surged, boosting hopes for a strong holiday season. Based on a weighted composite of 30 retailers, Kantar Retail reported a 6% same-store sales increase,

High court to hear Walmart case

WASHINGTON — The Supreme Court has agreed to hear an appeal by Walmart in a class-action sex discrimination case against the giant discounter. The Supreme Court has agreed to hear an appeal by Walmart in a class-action sex discrimination case against the giant discounter. At issue is whether the claims by so many individual employees

Remembering a legendary retailer

Jack Shewmaker, the personification of ambiguity, a man of stunning contradiction and uncommon perplexity, was never as successful as he wanted to be — or as successful as he thought he should be. Jack Shewmaker, the personification of ambiguity, a man of stunning contradiction and uncommon perplexity, was never as successful as he wanted to

Costco sees earnings jump 17%

ISSAQUAH, Wash. — Costco Wholesale Corp. posted a 17% increase in profit for the first quarter ended November 21, helped in part by a 10% increase in membership fee income, and a 7% increase in same-club sales worldwide. Costco Wholesale Corp. posted a 17% increase in profit for the first quarter ended November 21, helped

Michel to exit Giant-Landover

CARLISLE, Pa. — Robin Michel, president of the Giant-Landover division of Ahold USA, will step down by the end of the year to pursue other opportunities, according to the company. Robin Michel, president of the Giant-Landover division of Ahold USA, will step down by the end of the year to pursue other opportunities, according to

Duckwall chain to close 43 units

ABILENE, Kan. — Duckwall-ALCO Stores Inc. will permanently close 43 of its 44 Duckwall stores and rebanner one to refocus investment on its 214 ALCO stores. Duckwall-ALCO Stores Inc. will permanently close 43 of its 44 Duckwall stores and rebanner one to refocus investment on its 214 ALCO stores. The company will also change its

A revitalized Walmart emerges

It’s virtually inconceivable that the mass retailing community has largely stopped taking Walmart, a half-trillion-dollar company, all that seriously. It’s virtually inconceivable that the mass retailing community has largely stopped taking Walmart, a half-trillion-dollar company, all that seriously. But that’s just what’s happened over the past three years, as one competitor after another has found

Tax deal should give retailers needed lift

Whatever one might think of it in political or fiscal terms, the agreement on taxes and unemployment benefits struck by President Obama and Republicans in Congress earlier this month is good news for the nation’s retailers. Whatever one might think of it in political or fiscal terms, the agreement on taxes and unemployment benefits struck