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Issue 01-09-2012

Target’s Steinhafel presides over a year of new innovations

MINNEAPOLIS — The year that just ended was a watershed time for Target Corp. It was a period marked by the retailer’s decision to expand beyond the U.S. border for the first time. The year that just ended was a watershed time for Target Corp. It was a period marked by the retailer’s decision to

Jurgens reinforces Hy-Vee’s commitment

WEST DES MOINES, Iowa — Last year Hy-Vee chairman and chief executive officer Ric Jurgens joined Iowa governor Terry Branstad, lieutenant governor Kim Reynolds, members of Iowa’s congressional delegation and other business and government leaders to announce the goal of making Iowa the healthiest state in the nation by 2016. Last year Hy-Vee chairman and

Family Dollar’s Flur named Merchant of the Year

MATTHEWS, N.C. — As Dorlisa Flur points out, there is a certain irony in her being named MMR’s Merchant of the Year because, although she was until recently chief merchandising officer for Family Dollar Stores Inc., she is not by training a merchant. As Dorlisa Flur points out, there is a certain irony in her

Holiday sales gains at most retailers ordinary

NEW YORK — The Christmas selling season that ended two weeks ago was the most complex, multifaceted, baffling and difficult to analyze in recent memory. The Christmas selling season that ended two weeks ago was the most complex, multifaceted, baffling and difficult to analyze in recent memory. More specifically, it was influenced by many factors

Sears holdings will close up to 120 Units

HOFFMAN ESTATES, Ill. — Projecting a sharp drop in fourth-quarter earnings, Sears Holdings Corp. has announced it will close between 100 and 120 Kmart and full-line Sears stores. Projecting a sharp drop in fourth-quarter earnings, Sears Holdings Corp. has announced it will close between 100 and 120 Kmart and full-line Sears stores. The company expects

New retail power emerges in Southeast

GREENVILLE, S.C. — The supermarket arena is set to get a bigger player in the Southeast. The supermarket arena is set to get a bigger player in the Southeast. BI-LO LLC plans to acquire Winn-Dixie Stores Inc. in a $560 million cash deal, creating one of the nation’s largest grocery chains, with about 690 stores

Walgreens stays course

DEERFIELD, Ill. — A last ditch effort by Walgreen Co. to settle its dispute with Express Scripts Inc. failed to raise hopes for a contract renewal, the drug chain’s chief executive said last month. A last ditch effort by Walgreen Co. to settle its dispute with Express Scripts Inc. failed to raise hopes for a

Kroger inks pension fund deal

CINCINNATI — Kroger Co.’s earnings stand to get a lift in fiscal 2012 with the merger of four of the UFCW/multi-employer pension funds to which the company contributes into a new fund as of January 1. Kroger Co.’s earnings stand to get a lift in fiscal 2012 with the merger of four of the UFCW/multi-employer

CVS Caremark aims to build on synergies

NEW YORK — CVS Caremark Corp. is taking advantage of its combination of retailing, pharmacy benefits management and walk-in clinics to drive growth, president and chief executive officer Larry Merlo said at the company’s 2011 analyst day, here. CVS Caremark Corp. is taking advantage of its combination of retailing, pharmacy benefits management and walk-in clinics

‘The crown jewel’

TORONTO — Lines outside the venerable Maple Leaf Gardens building, the former hockey shrine in midtown Toronto, are nothing new. Lines outside the venerable Maple Leaf Gardens building, the former hockey shrine in midtown Toronto, are nothing new. But the crowds awaiting admittance before 8 a.m. on Wednesday, November 30, were there not, as in

Smart & Final names Hirz CEO

LOS ANGELES — Smart & Final Holdings Corp. has named David Hirz, president and chief executive officer. Smart & Final Holdings Corp. has named David Hirz, president and chief executive officer. Hirz, who assumed his new position on January 1, will also become a member of the company’s board of directors. Smart & Final’s chairman

Alice Walton makes a difference

Jack Shewmaker, the legendary Walmart executive, once remarked that giving a million people one dollar each would have little impact on events. Jack Shewmaker, the legendary Walmart executive, once remarked that giving a million people one dollar each would have little impact on events. On the other hand, he continued, give one million dollars to