HOFFMAN ESTATES, Ill. — Higher markdowns and pricing pressures on appliances squeezed margins at Sears Holdings Corp. during its third quarter. Higher markdowns and pricing pressures on appliances squeezed margins at Sears Holdings Corp. during its third quarter. As a result, the retailer’s net loss for the period, ended on October 29, expanded to $421
MINNEAPOLIS — As the cost of reopening the Zellers stores it acquired last year in Canada continues to mount, Target Corp. is reported to be looking to sell Zellers’ pharmacy files and start fresh with new pharmacies. As the cost of reopening the Zellers stores it acquired last year in Canada continues to mount, Target
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Markets chief marketing officer Simon Uwins has left the chain. Fresh & Easy Neighborhood Markets chief marketing officer Simon Uwins has left the chain. His departure comes as the retailer, a division of Britain’s Tesco PLC, is implementing changes to its strategy. Fresh & Easy has named
MONTVALE, N.J. — A&P has received a $490 million commitment from investors that will enable the beleaguered grocer to emerge from bankruptcy as a private company early next year. A&P has received a $490 million commitment from investors that will enable the beleaguered grocer to emerge from bankruptcy as a private company early next year.
PITTSBURGH — The top leadership post at Giant Eagle Inc. is staying in the family. The top leadership post at Giant Eagle Inc. is staying in the family. A new chief executive officer, Laura Shapira Karet, is set to take the reins at the regional supermarket chain early next year. She is the daughter of
NEW YORK — Despite enhanced shopping experiences and attractive deals online, Walmart and Target Corp. trailed e-tailer Amazon on pricing in the early stage of the holiday season, a recent analysis found. Despite enhanced shopping experiences and attractive deals online, Walmart and Target Corp. trailed e-tailer Amazon on pricing in the early stage of the
NEW YORK — The economy’s current instability makes it difficult to make any definitive projections from the back-to-school season onto the holidays. The economy’s current instability makes it difficult to make any definitive projections from the back-to-school season onto the holidays. In prior years, particularly before the 2008 collapse of the financial markets, B-T-S performance
As a group, the most effective and exciting retailers in America today are the nation’s regional supermarket chains. Name the retailer — Publix, H-E-B, Wegmans, Stater Bros., Hy-Vee, Weiss Markets — and a group of similarities emerges. As a group, the most effective and exciting retailers in America today are the nation’s regional supermarket chains.
One of the most puzzling developments surrounding the traditional start of the holiday selling season was the furor over the decision by many retailers to open their doors at midnight on Black Friday or, in some cases, on the preceding day, Thanksgiving. One of the most puzzling developments surrounding the traditional start of the holiday
NEW YORK — Consumers will shop online increasingly this holiday season, according to industry experts. But brick-and-mortar retailers can capitalize on the trend with such technologies as mobile apps and website enhancements. Consumers will shop online increasingly this holiday season, according to industry experts. But brick-and-mortar retailers can capitalize on the trend with such technologies
MONTVALE, N.J. — Private investors have committed $490 million in debt and equity financing for A&P, enabling the grocer to emerge from Chapter 11 as a private entity in early 2012. Private investors have committed $490 million in debt and equity financing for A&P, enabling the grocer to emerge from Chapter 11 as a private