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Issue 05-14-2012

Walmart embattled

BENTONVILLE, Ark. — Rocked by reports of a bribery scandal in its Mexican operations, Walmart has created a new corruption watchdog position and strengthened internal controls. Rocked by reports of a bribery scandal in its Mexican operations, Walmart has created a new corruption watchdog position and strengthened internal controls. However, the California State Teachers’ Retirement

FMI eyes changing consumer

DALLAS — The economy and new technology are prompting major changes in the way consumers shop, according to the findings of the Food Marketing Institute’s (FMI’s) 2012 Grocery Shopper Trends research. The economy and new technology are prompting major changes in the way consumers shop, according to the findings of the Food Marketing Institute’s (FMI’s)

Sears promises transformation

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. will be overhauled by an array of initiatives, executives said at the company’s annual meeting. Sears Holdings Corp. will be overhauled by an array of initiatives, executives said at the company’s annual meeting. Investments in the retailer’s frequent shopper program, improved layouts and better signage will be among

Wasson makes the case for value of pharmacy

PALM BEACH, Fla. — The value of community pharmacy was the subject of Walgreen Co. president and chief executive officer Greg Wasson’s remarks in his initial address as new chairman of the National Association of Chain Drug Stores. The value of community pharmacy was the subject of Walgreen Co. president and chief executive officer Greg

Van Helden plans to exit Supervalu

MINNEAPOLIS — Pete Van Helden, executive vice president of retail operations at Supervalu Inc., will be leaving the company this spring in what the company refers to as “a mutually beneficial decision’’ for both Supervalu and the longtime retail veteran. Pete Van Helden, executive vice president of retail operations at Supervalu Inc., will be leaving

Same-store sales in April are disappointing

NEW YORK — April sales were weaker than expected, as cooler weather and renewed worries about the health of the economy caused shoppers to rein in their spending. April sales were weaker than expected, as cooler weather and renewed worries about the health of the economy caused shoppers to rein in their spending. Spending in

Family Dollar

MATTHEWS, N.C. — Family Dollar Stores Inc. is partnering with McLane Co. to enable the retailer to offer customers an expanded merchandise selection, including refrigerated and frozen food, across Family Dollar’s approximately 7,200 locations in 45 states beginning in September. Family Dollar Stores Inc. is partnering with McLane Co. to enable the retailer to offer

Virtual grocery store launched by Peapod

CHICAGO — Peapod Inc., the online grocery delivery arm of Ahold USA, has introduced the first virtual grocery store in this country in a major commuter train station here. Peapod Inc., the online grocery delivery arm of Ahold USA, has introduced the first virtual grocery store in this country in a major commuter train station

Let’s not rush to judge Walmart

The scandal dramatically unfolding at Walmart, the one involving allegations that the retailer’s Mexican unit bribed officials to gain favorable store locations, then covered it up corporately, all but overshadowed the excellent Annual Meeting the National Association of Chain Drug Stores conducted last month in Florida. The scandal dramatically unfolding at Walmart, the one involving

It’s time for Lampert to deliver on promises

At Sears Holdings Corp.’s annual meeting earlier this month, Edward Lampert, the billionaire hedge fund manager who created the company in 2005 by merging the Sears and Kmart retail chains, certainly talked a good game. At Sears Holdings Corp.’s annual meeting earlier this month, Edward Lampert, the billionaire hedge fund manager who created the company