HOFFMAN ESTATES, Ill. — Sears Holdings Corp. will close an additional 62 stores beyond the 120 closures announced in December. Sears Holdings Corp. will close an additional 62 stores beyond the 120 closures announced in December. In addition, the company has disclosed that its largest shareholder has agreed to take on some of the risk
MINNEAPOLIS — Target Corp. recently finished the first in a series of remodeling programs aimed at bringing fresh food assortments to more of its discount stores. Target Corp. recently finished the first in a series of remodeling programs aimed at bringing fresh food assortments to more of its discount stores. Last month the retailer completed
MONTVALE, N.J. — A&P has emerged from Chapter 11 bankruptcy protection and is now a private company. A&P has emerged from Chapter 11 bankruptcy protection and is now a private company. The company filed for bankruptcy in late 2010 under the pressure of declining sales and a heavily leveraged balance sheet. It has since put
CINCINNATI — Kroger Co. has made two recent executive appointments. Kroger Co. has made two recent executive appointments. Most recently, Tim Brown, a 34-year company veteran, was named president of Kroger’s Delta division, based in Memphis and encompassing stores in western Tennessee, Kentucky, Mississippi, Arkansas and Missouri. Since 2011 Brown had worked as vice president
GREEN BAY, Wis. — Sun Capital Partners Inc. has completed the merger of its Shopko and Pamida chains, creating a discount retailer with nearly 350 outlets in 22 states, and almost $3 billion in annual revenue. Sun Capital Partners Inc. has completed the merger of its Shopko and Pamida chains, creating a discount retailer with
GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Gregory Sparks executive vice president of store operations, with responsibility for all of the chain’s more than 9,900 stores. Dollar General Corp. has named Gregory Sparks executive vice president of store operations, with responsibility for all of the chain’s more than 9,900 stores. He reports directly to
PURCHASE, N.Y. — The former president and chief executive officer of Walmart’s Sam’s Club division, Brian Cornell, has returned to PepsiCo Inc. The former president and chief executive officer of Walmart’s Sam’s Club division, Brian Cornell, has returned to PepsiCo Inc. Cornell has been named chief executive officer of PepsiCo Americas Foods, replacing John Compton,
PLEASANTON, Calif. — Safeway Inc. is joining the U.S. Department of Agriculture’s (USDA’s) Center for Nutrition Policy and Promotion, a network of companies working to improve Americans’ health and well-being. Safeway Inc. is joining the U.S. Department of Agriculture’s (USDA’s) Center for Nutrition Policy and Promotion, a network of companies working to improve Americans’ health
WABAN, Mass. — A recent survey of 10,000 American consumers indicates that several mass market retail chains are leaders when it comes to winning customer loyalty. A recent survey of 10,000 American consumers indicates that several mass market retail chains are leaders when it comes to winning customer loyalty. The survey, conducted by Temkin Group,
Howard Kramer has worked for Kmart for the past 37 years, or, said another way, since 1974. Howard Kramer has worked for Kmart for the past 37 years, or, said another way, since 1974. A pharmacist by training and commitment — he received a Bachelor of Science degree in pharmacy from the Virginia Commonwealth University
An editorial that appeared in The Boston Globe last month was critical of Walgreen Co.’s plans to open a 24,000-square-foot drug store in the city’s Downtown Crossing section next fall. An editorial that appeared in The Boston Globe last month was critical of Walgreen Co.’s plans to open a 24,000-square-foot drug store in the city’s