February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 28, 2011 by MMR
Issue 03-07-2011
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
February 25, 2011 by MMR
Issue 03-07-2011, Opinion
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,
February 25, 2011 by MMR
Issue 03-07-2011, Opinion
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
February 25, 2011 by MMR
Issue 03-07-2011, Issues