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Issue 06-20-2011

Walmart goes small

GENTRY, Ark. — Walmart showed off its latest thinking in small-box retailing here, with the debut of its Walmart Express format. At just 15,000 square feet, the store is just one-tenth the size of a typical Walmart Supercenter. Walmart showed off its latest thinking in small-box retailing here, with the debut of its Walmart Express

Corporate culture will ensure further growth

FAYETTEVILLE, Ark. — Wal­mart’s top priority is growth, president and chief executive officer Mike Duke told associates and shareholders at the company’s recent annual meeting here. Wal­mart’s top priority is growth, president and chief executive officer Mike Duke told associates and shareholders at the company’s recent annual meeting here. By growth, Duke explained, he meant,

Bid for BJ’s submitted by investors

LOS ANGELES — The private equity firm Leonard Green & Partners joined forces with CVC Capital Partners earlier this month in an attempt to buy BJ’s Wholesale Club Inc. The private equity firm Leonard Green & Partners joined forces with CVC Capital Partners earlier this month in an attempt to buy BJ’s Wholesale Club Inc.

California debut is set by Dollar General

GOODLETTSVILLE, Tenn. — Dollar General Corp. plans to open its first stores in California in 2012 following expansions in recent years in such other western states as Arizona and ­Colorado. Dollar General Corp. plans to open its first stores in California in 2012 following expansions in recent years in such other western states as Arizona

Target bullish about future north of the border

CHICAGO — Target Corp. sees great potential in Canada, where in the next 10 years the retailer plans to open 200 new stores and generate sales of $6 billion per year. Target Corp. sees great potential in Canada, where in the next 10 years the retailer plans to open 200 new stores and generate sales

Canadian operation begins to take shape

CHICAGO — Target Corp.’s expansion into Canada is taking shape. The company has chosen a management team and a headquarters building for its Target Canada unit, and it has selected the first group of Zellers store sites for possible conversion into Target outlets. Target Corp.’s expansion into Canada is taking shape. The company has chosen

Dollar Store stake hiked by Ackman

NEW YORK — Hedge fund manager William Ackman has increased his ownership of Family Dollar Stores Inc. by about 5 million shares, making his Pershing Square Capital Management the largest shareholder of the discount retailer. Hedge fund manager William Ackman has increased his ownership of Family Dollar Stores Inc. by about 5 million shares, making

Kroger fiscal year off to good start

CINCINNATI — Kroger Co.’s first quarter performance beat Wall Street’s expectations, with double-digit increases in sales and earnings. Kroger Co.’s first quarter performance beat Wall Street’s expectations, with double-digit increases in sales and earnings. Net income for the quarter was $432.3 million, up about 16% from that in the prior-year period. Total sales, including fuel,

Format’s potential excites Buley

MISSISSAUGA, Ontario — The Bargain Shop Holdings Inc. has the potential to grow in Canada in much the same way that Dollar General Corp. has grown in the United States, Beryl (Jack) Buley believes. The Bargain Shop Holdings Inc. has the potential to grow in Canada in much the same way that Dollar General Corp.

The top 10 global retail execs

This issue of MMR contains our annual listing of the 50 most influential executives in the global retail community. What’s new this year is that, for the first time, we have ranked the top 10. This issue of MMR contains our annual listing of the 50 most influential executives in the global retail community. What’s

Category management under pressure to evolve

Category management is a discipline in flux. Mass market retailers and their partners in the consumer products sector have for years debated what exactly constitutes the practice, how best to implement it and what should be done to ­improve it. “Linked,” a new report from Kantar Retail, confirms that no industrywide consensus has yet emerged