COLUMBUS, Ohio — Big Lots Inc. has shaken up its senior management ranks after reporting disappointing quarterly results and lowering its earnings guidance for the second time. Big Lots Inc. has shaken up its senior management ranks after reporting disappointing quarterly results and lowering its earnings guidance for the second time. The nation’s largest closeout
EDEN PRAIRIE, Minn. — Supervalu Inc. is reportedly asking potential buyers of parts of its business to consider bidding for the entire company instead. Supervalu Inc. is reportedly asking potential buyers of parts of its business to consider bidding for the entire company instead. A report by the Bloomberg news service said that Cerberus Capital
BRUSSELS — The Delhaize Group reported lower second quarter profits as store closures and investments at Food Lion pressured sales and earnings. The Delhaize Group reported lower second quarter profits as store closures and investments at Food Lion pressured sales and earnings. Profit from continuing operations net of taxes fell 26% to 86 million euros
MEMPHIS — Fred’s Inc. reported net income of $6.1 million for the second quarter, an increase of 19% over the prior-year period. Fred’s Inc. reported net income of $6.1 million for the second quarter, an increase of 19% over the prior-year period. The regional discounter’s total sales for the period were up 4% to $470.8
BENTONVILLE, Ark. — Walmart is expanding its move into the health care field with the launch of an expanded immunization program at more than 2,700 of its stores. Walmart is expanding its move into the health care field with the launch of an expanded immunization program at more than 2,700 of its stores. The retailer
AMSTERDAM — A strong performance from its United States food retail operations helped boost net profit at Royal Ahold NV by 25% during the second quarter. A weaker performance by its flagship Albert Heijn chain in the Netherlands, however, cut into operating profit. A strong performance from its United States food retail operations helped boost
DEERFIELD, Ill. — Walgreen Co. is deploying the Greenway Medical Technologies Inc. enhanced electronic health record (EHR) platform chainwide. The rollout is slated to be completed by the end of next summer. Walgreen Co. is deploying the Greenway Medical Technologies Inc. enhanced electronic health record (EHR) platform chainwide. The rollout is slated to be completed
CHICAGO — Though it’s hardly news that today’s consumers are shopping at a variety of retail outlets to fit their budgets and meet their personal needs, they may be channel switching even more than retailers might think, according to a report from SymphonyIRI Group Inc. Though it’s hardly news that today’s consumers are shopping at
A recent New York Times headline ran as follows: “Sales at Wal-Mart, Though Still Rising, Suggest Wary Shoppers.” The story that followed detailed Walmart’s quarterly results: a comp-store sales gain of 2.2%, a total sales increase of 4.5% to $114.3 billion, and earnings of $4.02 billion. A recent New York Times headline ran as follows:
The National Association of Chain Drug Stores Pharmacy and Technology Conference, the final installment of which took place at the Colorado Convention Center in Denver last month, included a notable innovation. The National Association of Chain Drug Stores Pharmacy and Technology Conference, the final installment of which took place at the Colorado Convention Center in