NEW YORK — The economic outlook for retailers in the United States and Europe is getting better, a new report from Kantar Retail suggests, but that alone will provide very little momentum for strong sales growth. The economic outlook for retailers in the United States and Europe is getting better, a new report from Kantar
Once upon a time in a galaxy far away, Sam Walton, in the midst of building the greatest retailing empire ever conceived, issued a set of guidelines that he hoped would help his associates as they climbed the path to retail supremacy. Once upon a time in a galaxy far away, Sam Walton, in the
Larry Merlo certainly has a tough act to follow. Larry Merlo certainly has a tough act to follow. As Tom Ryan’s successor as chief executive officer of CVS Caremark, Merlo’s work will be measured against that of one of the legendary figures in mass market retailing. During his 17 years at the company’s helm Ryan
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
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
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
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
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
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
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
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