BENTONVILLE, Ark. — Just a week before Black Friday and the all-important kickoff to the holiday shopping season, Walmart posted third quarter results showing positive sales and earnings numbers, but a slowdown in same-store sales growth. That, in turn, prompted a drop in Walmart’s share price. Just a week before Black Friday and the all-important
CARLISLE, Pa. — James McCann has been named chief operating officer of Ahold USA, effective February 1. He succeeds Carl Schlicker, who is retiring. James McCann has been named chief operating officer of Ahold USA, effective February 1. He succeeds Carl Schlicker, who is retiring. McCann, a 43-year-old native of Great Britain, joined Ahold NV
WASHINGTON — Eyeing popular toys, fashions and exclusive products, consumers have already made a dent in their holiday shopping lists. According to the National Retail Federation’s (NRF’s) holiday consumer spending survey conducted by BIGinsight, 52.8% of Americans started their holiday shopping in mid-November, up from 51.4% last year. Eyeing popular toys, fashions and exclusive products,
CINCINNATI — Kroger Co. is entering the high-growth specialty pharmacy market by acquiring the outstanding shares of Axium Pharmacy Holdings Inc., which will merge the companies. Kroger Co. is entering the high-growth specialty pharmacy market by acquiring the outstanding shares of Axium Pharmacy Holdings Inc., which will merge the companies. Founded in 2000, Axium provides
LAKELAND, Fla. — Six veteran Publix Supermarket Inc. employees will assume new officer positions effective January 1. Chief executive officer Ed Crenshaw announced that the positions are in human resources, information technology and retail operations. Six veteran Publix Supermarket Inc. employees will assume new officer positions effective January 1. Chief executive officer Ed Crenshaw announced
INDIANAPOLIS — Thomas O’Boyle Jr. has been named chairman, president and chief executive officer at Marsh Supermarkets. O’Boyle recently resigned as executive vice president of merchandising, marketing, supply chain and logistics at A&P. Thomas O’Boyle Jr. has been named chairman, president and chief executive officer at Marsh Supermarkets. O’Boyle recently resigned as executive vice president
BENTONVILLE, Ark. — An internal investigation of Walmart’s actions in developing markets has now extended beyond the company’s Mexican subsidiary to include Brazil, China and India. An internal investigation of Walmart’s actions in developing markets has now extended beyond the company’s Mexican subsidiary to include Brazil, China and India. The expansion comes a year after
WASHINGTON — Despite objections from hundreds of retailers, a federal judge has preliminarily approved a $7.2 billion settlement of a class-action lawsuit over so-called swipe fees. Despite objections from hundreds of retailers, a federal judge has preliminarily approved a $7.2 billion settlement of a class-action lawsuit over so-called swipe fees. If the deal gets final
At a time when retailers are increasingly focusing attention on the urban dweller and city worker, no company has been more aggressive than Carrefour, the $103 billion retailer that is the world’s second-largest, behind only Walmart. At a time when retailers are increasingly focusing attention on the urban dweller and city worker, no company has
Business leaders have come forward at a crucial moment in an effort to help shape a national consensus on what to do about the looming fiscal cliff, a combination of hundreds of billions of dollars in tax hikes and spending cuts that will automatically take effect on January 1 if President Obama and Congress fail