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Issue 06-18-2012

Still Sam’s Walmart

BENTONVILLE, Ark. — Walmart executives celebrated the retailer’s improving performance as well as its 50th anniversary during the company’s annual meeting here earlier this month. Walmart executives celebrated the retailer’s improving performance as well as its 50th anniversary during the company’s annual meeting here earlier this month. The festive mood was shadowed, however, by a

Bullish outlook offered by execs

BENTONVILLE, Ark. — After a solid first quarter, Walmart executives were upbeat in addressing analysts during the company’s annual meeting here. After a solid first quarter, Walmart executives were upbeat in addressing analysts during the company’s annual meeting here. President and chief executive officer Mike Duke was particularly positive about the company’s ability to further

Duke reiterates Walmart’s commitment to enduring values

BENTONVILLE, Ark. — Walmart president and chief executive officer Mike Duke spoke on the subject of “Walmart’s Enduring Values” at the company’s recent annual meeting. Here are his prepared remarks: Walmart president and chief executive officer Mike Duke spoke on the subject of “Walmart’s Enduring Values” at the company’s recent annual meeting. Here are his

Dollar General gets lift from big-format stores

GOODLETTSVILLE, Tenn. — Dollar General Corp.’s large format stores are boosting the chain’s basket size, says chairman and chief executive officer Rick Dreiling. Dollar General Corp.’s large format stores are boosting the chain’s basket size, says chairman and chief executive officer Rick Dreiling. The retailer opened 128 stores in its first quarter ended May 4,

May same-store sales are surprisingly good

NEW YORK — Despite worries about consumer confidence and the health of the economy, retailers posted stronger-than-expected sales in May. Despite worries about consumer confidence and the health of the economy, retailers posted stronger-than-expected sales in May. The Thomson Reuters Same Store Sales index, which tracks 18 chains that report monthly sales, rose 3.9% for

Albertsons will cut back in Calif.

FULLERTON, Calif. — The Southern California division of Supervalu Inc.’s Albertsons grocery says it will eliminate between 2,200 and 2,500 store-level jobs by the end of June. The Southern California division of Supervalu Inc.’s Albertsons grocery says it will eliminate between 2,200 and 2,500 store-level jobs by the end of June. The cuts, which represent

Big tech initiative launched at GMDC show

ORLANDO, Fla. — The Global Market Development Center (GMDC) concluded its 42nd annual GMDC General Merchandise Conference here earlier this month. The Global Market Development Center (GMDC) concluded its 42nd annual GMDC General Merchandise Conference here earlier this month. Highlights of the event included the unveiling of a major initiative, GMDC-Connect, which will enhance member

Supplier diversity

DALLAS — Working with a diverse group of suppliers that includes women- and minority-owned companies makes good business sense, according to the participants in a panel discussion at the recent FMI 2012 conference here. Working with a diverse group of suppliers that includes women- and minority-owned companies makes good business sense, according to the participants

Loblaws’ new exec team gaining traction

TORONTO — Presiding at the 56th annual shareholders meeting of Loblaw Cos., executive chairman Galen Weston reported that in fiscal 2011 the company delivered four more quarters of year-over-year EBITDA (earnings before interest, taxes, depreciation and amortization) growth, recording a run of 16 consecutive quarters of improved results. Presiding at the 56th annual shareholders meeting

Walmart’s gift to the world

The Walmart annual shareholders meeting, the one marking the company’s 50th year in business: What can be said or written about it that hasn’t already been? The Walmart annual shareholders meeting, the one marking the company’s 50th year in business: What can be said or written about it that hasn’t already been? The entertainment was

Target has the knack for keeping mix new

When it comes to updating the merchandise mix to keep consumers interested, active and engaged, Target has a secure place among retailing’s elite. When it comes to updating the merchandise mix to keep consumers interested, active and engaged, Target has a secure place among retailing’s elite. The company’s knack for staying on the cutting edge