One of the great retailing careers will come to an end next spring, when Tesco CEO Terry Leahy officially retires. One of the great retailing careers will come to an end next spring, when Tesco CEO Terry Leahy officially retires. During a 14-year run as head of what has become the world’s third-largest — and
In a business environment filled with serious, deep-rooted challenges, operators of conventional supermarkets find themselves in perhaps the most difficult position in mass market retailing. In a business environment filled with serious, deep-rooted challenges, operators of conventional supermarkets find themselves in perhaps the most difficult position in mass market retailing. Beset by competition from merchants
NEW YORK — October sales provided signs of hope for the upcoming holiday shopping season, but retailers are taking no chances. October sales provided signs of hope for the upcoming holiday shopping season, but retailers are taking no chances. Many launched Black Friday-type promotions in October or early November (some in July), rather than wait
WASHINGTON — According to the National Retail Federation, an expansive range of issues relating to retailers could be impacted in the aftermath of the 2010 midterm elections, which resulted in Republicans winning control of the House of Representatives and in the GOP narrowing the edge that Democrats hold in the Senate. According to the National
MINNEAPOLIS — Target Corp. has redesigned stores in the Chicago, Dallas and Washington, D.C., markets, increasing fresh food offerings in each in a bid to build shopping frequency. Target Corp. has redesigned stores in the Chicago, Dallas and Washington, D.C., markets, increasing fresh food offerings in each in a bid to build shopping frequency. The
MINNEAPOLIS — Supervalu Inc. has sold its 14-store Bristol Farms division to the chain’s management and the investment firm Endeavour Capital. Supervalu Inc. has sold its 14-store Bristol Farms division to the chain’s management and the investment firm Endeavour Capital. Under the terms of the deal the stores will continue to operate under the Bristol
WOONSOCKET, R.I. — CVS Caremark Corp. reported a 21% drop in third quarter profit. The company said earnings were dragged down by its pharmacy benefit management (PBM) unit, which lost business from previously canceled contracts. CVS Caremark Corp. reported a 21% drop in third quarter profit. The company said earnings were dragged down by its
EAST BRUNSWICK, N.J. — After opening 18 new stores last year, Wakefern Food Corp. saw its annual sales increase to nearly $12 billion, executives said at the company’s annual meeting here late last month. After opening 18 new stores last year, Wakefern Food Corp. saw its annual sales increase to nearly $12 billion, executives said
ARLINGTON, Va. — Saving money at the supermarket is a bigger priority for consumers struggling to cope with the current economy, the latest shopper trends report from the Food Marketing Institute (FMI) has found. Saving money at the supermarket is a bigger priority for consumers struggling to cope with the current economy, the latest shopper
Even the casual visitor to Walmart’s Bentonville, Ark., Home Office can’t avoid noticing the changes, both superficial and significant. Even the casual visitor to Walmart’s Bentonville, Ark., Home Office can’t avoid noticing the changes, both superficial and significant. On landing at the Northwest Arkansas Regional Airport, the visitor’s mind wanders back to a time when
Kantar Retail just released the latest edition of its annual “PowerRanking,” which rates retailers and consumer products manufacturers based on assessments provided by their trading partners of how they handle strategic business fundamentals. Kantar Retail just released the latest edition of its annual “PowerRanking,” which rates retailers and consumer products manufacturers based on assessments provided