2010

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

The Walmart effect

LOUISVILLE, Ky. — Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store here earlier this month. Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store

Shewmaker, retail icon, dies at 72

ROGERS, Ark. — Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Shewmaker joined Walmart in 1970 as

Retail Rx wins fight with CMS

WASHINGTON — The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer price (AMP) model. The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer

Target is optimistic about sales prospects

MINNEAPOLIS — Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. "While consumers remain conservative in their purchasing behavior, we’re encouraged by recent signs

BJ’s reportedly to seek buyout

NATICK, Mass. — BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. The membership warehouse club operator reported

Supervalu’s Boehnen set to step down

MINNEAPOLIS — David Boehn­en will retire as executive vice president at Supervalu effective December 15. He will , however, be a consultant to the company and a senior counselor to president and chief executive officer Craig Herkert for one year. David Boehn­en will retire as executive vice president at Supervalu effective December 15. He will

As holidays arrive, uncertainty prevails

NEW YORK — With crunch time approaching for retailers and shoppers, conflicting forecasts made it difficult to gauge what to expect from the holidays. With crunch time approaching for retailers and shoppers, conflicting forecasts made it difficult to gauge what to expect from the holidays. The lack of consensus was somewhat puzzling in view of

Best practices eyed

WASHINGTON — Category-leading suppliers managed above average sales gains in 2009 while spending less than average on their sales operations. Category-leading suppliers managed above average sales gains in 2009 while spending less than average on their sales operations. That is one of the findings of a report on winning customer and channel management practices released

Store brands make new inroads

DALLAS — Consumers continue to switch to private label products in an effort to save money, a recent poll suggests, even in categories where they once held out for national brands. Consumers continue to switch to private label products in an effort to save money, a recent poll suggests, even in categories where they once