NEW YORK — Unemployment remains high, consumer and business confidence is plunging, financial markets are in turmoil, and predictions on holiday sales largely agree that growth will be slower than last year. Unemployment remains high, consumer and business confidence is plunging, financial markets are in turmoil, and predictions on holiday sales largely agree that growth
MINNEAPOLIS — The buzz last month over Target’s limited-edition Missoni designer line was unprecedented, as shoppers lined up outside stores well before they opened and online consumers gave the discounter’s website all the traffic it could handle and then some. The buzz last month over Target’s limited-edition Missoni designer line was unprecedented, as shoppers lined
MISSISSAUGA, Ontario — Frank Scorpiniti has been chosen to succeed Andy Giancamilli as chief executive officer of Katz Group Canada Ltd. when the later retires early next year. Frank Scorpiniti has been chosen to succeed Andy Giancamilli as chief executive officer of Katz Group Canada Ltd. when the later retires early next year. A retail
LOS ANGELES — Kroger Co.’s Ralphs Grocery, Safeway Inc.’s Vons and Supervalu Inc.’s Albertsons supermarket chains have reached a tentative contract agreement with United Food and Commercial Workers union (UFCW) members in Southern California, avoiding a labor stoppage. Kroger Co.’s Ralphs Grocery, Safeway Inc.’s Vons and Supervalu Inc.’s Albertsons supermarket chains have reached a tentative
WASHINGTON — The Grocery Manufacturers Association (GMA) and the Food Marketing Institute (FMI) have given a name to their $50 million consumer education campaign in support of the labeling system that began appearing on food and beverages earlier this year. The Grocery Manufacturers Association (GMA) and the Food Marketing Institute (FMI) have given a name
BENTONVILLE, Ark. — In a high-profile initiative similar to its ongoing effort to promote environmental sustainability Walmart has vowed to use its size and global reach to help improve the lives of women around the world. In a high-profile initiative similar to its ongoing effort to promote environmental sustainability Walmart has vowed to use its
With Walmart’s domestic business continuing to struggle while its international business flourishes, Doug McMillon is emerging as the logical successor to Mike Duke when he eventually decides to step down as the chief executive officer of the world’s largest retailer. With Walmart’s domestic business continuing to struggle while its international business flourishes, Doug McMillon is
Two competing narratives are being crafted in an effort to influence federal regulators’ thinking about the pending merger between Express Scripts and Medco Health Solutions, two of the nation’s three biggest pharmacy benefits management companies. Two competing narratives are being crafted in an effort to influence federal regulators’ thinking about the pending merger between Express