JACKSONVILLE, Fla. — Winn-Dixie Stores Inc. chairman, president and chief executive officer Peter Lynch will step down from those positions later this year. Winn-Dixie Stores Inc. chairman, president and chief executive officer Peter Lynch will step down from those positions later this year. Lynch, who has led the supermarket chain since December 2004, says he
NEW YORK — Admitting considerable variation in theory and practice, capitalism is anything but monolithic. One strain of the discipline was examined at the National Retail Federation’s Big Show here last month during a super session called Conscious Capitalism. Admitting considerable variation in theory and practice, capitalism is anything but monolithic. One strain of the
Though the new year has just begun, several significant developments have already given indications that 2012 will be a special period for mass market retailing. Though the new year has just begun, several significant developments have already given indications that 2012 will be a special period for mass market retailing. Before the year was 10
At a moment when private equity firms are under fire and venture capital is sometimes referred to as vulture capital it’s reassuring to know that there are still investment companies committed to generating returns by helping the enterprises they back create value. At a moment when private equity firms are under fire and venture capital
GOODLETTSVILLE, Tenn. — Dollar General Corp. will debut 625 stores and add more than 6,000 jobs in 2012. The outlets will be spread among the retailer’s 40-state operating area. Dollar General Corp. will debut 625 stores and add more than 6,000 jobs in 2012. The outlets will be spread among the retailer’s 40-state operating area.
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has tapped former Brookstone Inc. head Ron Boire to serve as its executive vice president and chief merchandising officer. Boire will also serve as president of the company’s Sears and Kmart chains. Sears Holdings Corp. has tapped former Brookstone Inc. head Ron Boire to serve as its executive
NEW YORK — While December sales were hurt by high temperatures, mass retailers still performed better last year than in 2010. While December sales were hurt by high temperatures, mass retailers still performed better last year than in 2010. Drug chains’ same-store sales for 2011 rose 3.5%, almost a full point higher than the year
MINNEAPOLIS — In the latest demonstration of its merchandising flair and ability to differentiate itself, Target Corp. will offer limited-edition merchandise from independent specialty stores beginning in May. In the latest demonstration of its merchandising flair and ability to differentiate itself, Target Corp. will offer limited-edition merchandise from independent specialty stores beginning in May. Separately,
MINNEAPOLIS — Supervalu Inc. lowered its sales and profit guidance for fiscal 2012 after reporting another drop in sales and a net loss prompted by a big noncash impairment charge. Supervalu Inc. lowered its sales and profit guidance for fiscal 2012 after reporting another drop in sales and a net loss prompted by a big
CARLISLE, Pa. — Giant Food Stores LLC, a division of Ahold USA, has agreed to acquire 16 Genuardi’s locations in the greater Philadelphia area from Safeway Inc. for $106 million. Giant Food Stores LLC, a division of Ahold USA, has agreed to acquire 16 Genuardi’s locations in the greater Philadelphia area from Safeway Inc. for
DEERFIELD, Ill. — Tens of thousands of pharmacy patients took advantage of Walgreen Co.’s January promotion of its Prescription Savings Club (PSC) in the first days of the new year. Tens of thousands of pharmacy patients took advantage of Walgreen Co.’s January promotion of its Prescription Savings Club (PSC) in the first days of the