WESTBOROUGH, Mass. — Ending months of speculation, BJ’s Wholesale Club Inc. agreed to be sold to private equity investors for $2.8 billion in cash. Ending months of speculation, BJ’s Wholesale Club Inc. agreed to be sold to private equity investors for $2.8 billion in cash. The acquisition by Leonard Green & Partners LP (LGP)and CVC
WASHINGTON, D.C. — In a momentous ruling expected to have ongoing repercussions, the Supreme Court rejected the class-action sex discrimination lawsuit against Walmart. In a momentous ruling expected to have ongoing repercussions, the Supreme Court rejected the class-action sex discrimination lawsuit against Walmart. The suit, which represented as many as 1.5 million women workers, claimed
NANTUCKET, Mass. — Whole Foods Market Inc. can have 1,000 stores in the United States, more than tripling its current number, co-chief executive officer Walter Robb said last month. Whole Foods Market Inc. can have 1,000 stores in the United States, more than tripling its current number, co-chief executive officer Walter Robb said last month.
CAMP HILL, Pa. — Rite Aid Corp. is in the midst of a same-store sales resurgence. Rite Aid Corp. is in the midst of a same-store sales resurgence. In June the drug chain saw same-store sales edge up 1.8%, exceeding the 1.3% gain in May. Except for virtually flat results in March, Rite Aid has
NEW YORK — The Consumer Confidence Index fell in June for the second consecutive month. The Consumer Confidence Index fell in June for the second consecutive month. The benchmark slipped to 58.5 in June from 61.7 in May. It had risen to 66.0 in April. "This month’s decline in consumer confidence was driven by a
KNOXVILLE, Tenn. — Publix Super Markets Inc. plans to enter the Knoxville market next year. The grocer currently has 30 stores in Tennessee, with 27 located in Middle Tennessee and three in the Chattanooga area. Publix Super Markets Inc. plans to enter the Knoxville market next year. The grocer currently has 30 stores in Tennessee,
DEERFIELD, Ill. — Making a major investment in its home market, Walgreen Co. plans to remodel many of its 142 drug stores in Chicago, quadruple the number of “food oasis” stores there and expand its downtown office space. Making a major investment in its home market, Walgreen Co. plans to remodel many of its 142
Frank Gatschet joined Walmart in 1973, at the age of 33, after spending the previous 12 years at Duckwall-ALCO, a regional discount retailer. Frank Gatschet joined Walmart in 1973, at the age of 33, after spending the previous 12 years at Duckwall-ALCO, a regional discount retailer. Over the next 12 years, as a Walmart assistant
The rapidly changing dynamics in the grocery market are highlighted in “Food Shopper Insights,” a new report from Packaged Facts. The rapidly changing dynamics in the grocery market are highlighted in “Food Shopper Insights,” a new report from Packaged Facts. Based on a survey of 2,000 consumers who purchased groceries within a 24-hour period, it