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Issue 03-07-2011

Walmart’s U.S. blues

BENTONVILLE, Ark. — Walmart reported a 27% increase in net income for the fourth quarter of fiscal 2011, but the strong bottom-line performance was overshadowed by a decline in domestic same-store sales that exceeded management’s most recent forecast. Walmart reported a 27% increase in net income for the fourth quarter of fiscal 2011, but the

Sears picks IT veteran as new CEO

HOFFMAN ESTATES, Ill. — Seeking a leader with IT savvy, Sears Holdings Corp. got one with the appointment of Lou D’Ambrosio as president and chief executive officer. Seeking a leader with IT savvy, Sears Holdings Corp. got one with the appointment of Lou D’Ambrosio as president and chief executive officer. A former chief executive officer

Loblaws president to depart

BRAMPTON, Ontario — Allan Leighton is stepping down as president of Loblaw Cos., effective later this year. He will be succeeded by Carrefour executive Vicente Trius, who is also a veteran of Walmart International. Allan Leighton is stepping down as president of Loblaw Cos., effective later this year. He will be succeeded by Carrefour executive

Target looks ahead to new growth vehicles

MINNEAPOLIS — Target Corp., which reported solid results for the fourth quarter and 2010 fiscal year, expects to tap into new avenues of growth beginning next year. Target Corp., which reported solid results for the fourth quarter and 2010 fiscal year, expects to tap into new avenues of growth beginning next year. "Beyond 2011, we

Family Dollar fields buyout offer

MATTHEWS, N.C. — Family Dollar Stores Inc. is the latest mass market retailer to receive an acquisition proposal. Family Dollar Stores Inc. is the latest mass market retailer to receive an acquisition proposal. The 6,800-unit dollar store chain has received an unsolicited conditional proposal from investor Nelson Peltz’s Trian Group to acquire the chain for

Store closings planned by A&P

MONTVALE, N.J. — A&P has said it will close 32 stores in six states as it continues to restructure its business. A&P has said it will close 32 stores in six states as it continues to restructure its business. The store closures, which are subject to approval by the U.S. Bankruptcy Court’s Southern District of

Aldi opens first outlet in NYC

NEW YORK — Aldi has made its New York City debut with the opening of a store in the borough of Queens. Aldi has made its New York City debut with the opening of a store in the borough of Queens. The store is located in an area known as Rego Park, in a shopping

Publix is No. 1 with customers

LOS ANGELES — For the 16th consecutive year shoppers have rated Publix Super Markets Inc. as the top grocery chain. For the 16th consecutive year shoppers have rated Publix Super Markets Inc. as the top grocery chain. The Clearwater, Fla.-based company’s score of 84 in the recently released American Customer Satisfaction Index made it a

The renaissance at NACDS

Viewed from virtually any angle, the National Association of Chain Drug Stores is stronger, healthier, more productive, more vital and important than it’s yet been. Viewed from virtually any angle, the National Association of Chain Drug Stores is stronger, healthier, more productive, more vital and important than it’s yet been. Eleven years after Ron Ziegler,

Big-box battle brews over small formats

The next frontier for big-box retailers is small-format stores. Walmart and Target last month reiterated their intention to move into that sector of the market, setting up a new battleground for the nation’s two premier discounters. The next frontier for big-box retailers is small-format stores. Walmart and Target last month reiterated their intention to move