NEW YORK — Walmart’s international business is thriving and growing faster than any other part of the giant retailer’s operations. Walmart’s international business is thriving and growing faster than any other part of the giant retailer’s operations. But opportunities remain to hone performance and improve returns, division president and chief executive officer Doug McMillon told
ISSAQUAH, Wash. — Jim Sinegal will step down as chief executive officer of Costco Wholesale Corp. at the end of the year. He will be succeeded by president and COO Craig Jelinek. Jim Sinegal will step down as chief executive officer of Costco Wholesale Corp. at the end of the year. He will be succeeded
CINCINNATI — Kroger Co. has promoted Joe Fey to president of its Quality Food Centers (QFC) division. Kroger Co. has promoted Joe Fey to president of its Quality Food Centers (QFC) division. The 57-year-old Fey had been vice president of merchandising for the company’s Michigan division. He succeeds Donna Giordano at the helm of the
ST. LOUIS — Schnuck Markets Inc. is exiting the Memphis market, selling nine grocery stores and eight gas stations to Kroger. Schnuck Markets Inc. is exiting the Memphis market, selling nine grocery stores and eight gas stations to Kroger. The remaining three Schnucks locations in greater Memphis will be shuttered within a month of the
NEW YORK — A new survey by Alix Partners LLP sheds considerable light on the current state of mind of American grocery shoppers. A new survey by Alix Partners LLP sheds considerable light on the current state of mind of American grocery shoppers. The good news for food retailers in all channels is that, while
SYDNEY, Australia — Costco Wholesale Corp. has opened its second and third Australian stores in the midst of the country’s worst retail downturn for more than 10 years. Costco Wholesale Corp. has opened its second and third Australian stores in the midst of the country’s worst retail downturn for more than 10 years. However, Costco
ABILENE, Kan. — Duckwall-ALCO Stores Inc., a regional discounter that has mainly focused on small towns in the Midwest, plans to try opening urban stores. Duckwall-ALCO Stores Inc., a regional discounter that has mainly focused on small towns in the Midwest, plans to try opening urban stores. The company, which announced that it had posted
EDEN PRAIRIE, Minn. — Supervalu Inc. says it will sell 107 fuel centers across the western half of the country to four separate companies. Supervalu Inc. says it will sell 107 fuel centers across the western half of the country to four separate companies. The deals include the majority of fuel centers under the Albertsons,
August has thus far been the cruelest month in this very daunting year. August has thus far been the cruelest month in this very daunting year. The mass retailing industry had barely come to terms with the sudden death of ECRM’s Charlie Bowlus before Hurricane Irene devastated major portions of the Northeast, putting a damper
Walgreens is keeping up the pressure on Express Scripts in their battle over contract renewal terms for 2012. Walgreens is keeping up the pressure on Express Scripts in their battle over contract renewal terms for 2012. In June the drug chain revealed that next year it plans to stop filling prescriptions for patients whose pharmacy