WASHINGTON — Retail industry trade groups hailed the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which contains significant reform of credit and debit card swipe fees. The bill was signed into law by President Obama on July 21. Retail industry trade groups hailed the enactment of the Dodd-Frank Wall Street Reform
PLEASANTON, Calif. — Safeway Inc. reported a 41% drop in net earnings for its second fiscal quarter as sales stalled. The company has revised its full-year earnings projection downward. Safeway Inc. reported a 41% drop in net earnings for its second fiscal quarter as sales stalled. The company has revised its full-year earnings projection downward.
SALISBURY, N.C. — Bottom Dollar Food, a division of Delhaize America Inc., plans to open 15 to 20 stores by the end of this year in the greater Philadelphia market. Bottom Dollar Food, a division of Delhaize America Inc., plans to open 15 to 20 stores by the end of this year in the greater
HOUSTON — Save-A-Lot, the discount grocery division of Supervalu Inc., has joined forces with Rafael Ortega, a prominent Hispanic grocery operator in Texas, to form Adventure Supermarkets LLC. Save-A-Lot, the discount grocery division of Supervalu Inc., has joined forces with Rafael Ortega, a prominent Hispanic grocery operator in Texas, to form Adventure Supermarkets LLC. The
The reconstructed, reconfigured, rechristened and, it is hoped, reinvigorated global retail group previously known as CIES — The Food Business Forum — held its first serious meeting last month, a three-day Summit in London designed to bring together the world’s most important mass retailers and suppliers. The reconstructed, reconfigured, rechristened and, it is hoped, reinvigorated
One of the characteristics that distinguishes the elite retailers from the also-rans is the ability to recognize an opportunity and turn it to advantage. One of the characteristics that distinguishes the elite retailers from the also-rans is the ability to recognize an opportunity and turn it to advantage. Loblaw Cos., Canada’s No. 1 supermarket and
LAS VEGAS — As more and more Americans grapple with health issues, many related to spiralling rates of obesity, an opportunity has emerged for supermarkets to become the first resource for consumers who wish to take charge of their health and wellness. As more and more Americans grapple with health issues, many related to spiralling
BENTONVILLE, Ark. — In what is seen as an effort to get its core domestic business back on track, Walmart has shaken up the leadership of its discount store business in the United States. In what is seen as an effort to get its core domestic business back on track, Walmart has shaken up the
Who could have foretold just six weeks ago, when Walmart convened its shareholders’ meeting — that annual rite of spring designed to celebrate the past, predict a future of unlimited possibilities, and recognize the accomplishments of its vast network of stores and people — that the event would presage the biggest management upheaval since Sam
NEW YORK — After Walgreen Co. and CVS Caremark Corp. settled their battle over prescription reimbursement rates last month, executives from each company said the deal benefits the chains and their patients. After Walgreen Co. and CVS Caremark Corp. settled their battle over prescription reimbursement rates last month, executives from each company said the deal
CAMP HILL, Pa. — Rite Aid Corp. has promoted senior executive vice president of merchandising, marketing and logistics Ken Martindale to chief operating officer. Rite Aid Corp. has promoted senior executive vice president of merchandising, marketing and logistics Ken Martindale to chief operating officer. The 50-year-old Martindale, who has been with Rite Aid since December