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2013

Guard set to change at Walmart

BENTONVILLE, Ark. — Walmart has named Doug McMillon to replace Mike Duke, who is retiring as president and chief executive officer, effective February 1. Walmart has named Doug McMillon to replace Mike Duke, who is retiring as president and chief executive officer, effective February 1. Duke will continue to serve as chairman of the executive

Holiday selling season gets off to shaky start

NEW YORK — Americans crowded into stores over Thanksgiving weekend to take advantage of Black Friday deals, according to the National Retail Federation (NRF). But while store traffic was up, spending was down. Americans crowded into stores over Thanksgiving weekend to take advantage of Black Friday deals, according to the National Retail Federation (NRF). But

Foulkes will oversee retail business at CVS

WOONSOCKET, R.I. — Helena Foulkes has been named to succeed Mark Cosby as president of CVS/pharmacy. Foulkes, who will assume the post on January 1, has been CVS Caremark Corp.’s chief health care strategy and marketing ­officer. Helena Foulkes has been named to succeed Mark Cosby as president of CVS/pharmacy. Foulkes, who will assume the

Management to take ownership of Tops

BUFFALO, N.Y. — Six executives from Tops Friendly Markets have agreed to purchase the company from its private equity owner Morgan Stanley Capital Partners. Six executives from Tops Friendly Markets have agreed to purchase the company from its private equity owner Morgan Stanley Capital Partners. The group, which includes chief executive officer Frank Curci, hopes

Shopko names McMahon CEO

GREEN BAY, Wis. — International retailing veteran Peter McMahon has been named chief executive officer of Shopko Stores Operating Co. International retailing veteran Peter McMahon has been named chief executive officer of Shopko Stores Operating Co. McMahon’s career spans more than 30 years, most recently as chief operating officer at Loblaw Cos., Canada’s largest supermarketer

Supreme Court rejects tax case

WASHINGTON — The Supreme Court has refused to hear a legal challenge to a law that requires Amazon.com Inc. and other online retailers to collect state sales taxes. Amazon and Overstock.com had challenged the New York law. The Supreme Court has refused to hear a legal challenge to a law that requires Amazon.com Inc. and

Stores in two states are upgraded by Food Lion

SALISBURY, N.C. — Food Lion has made what it says are significant investments in 169 stores across North Carolina and South Carolina. Food Lion has made what it says are significant investments in 169 stores across North Carolina and South Carolina. Much of the investment, the company notes, was in the Greenville and Wilmington markets

Roundy’s buys 11 Dominick’s stores

CHICAGO — Safeway Inc. has sold 11 of its Dominick’s supermarkets here to Roundy’s Inc. in a $36 million cash and lease assumption transaction. Safeway Inc. has sold 11 of its Dominick’s supermarkets here to Roundy’s Inc. in a $36 million cash and lease assumption transaction. The stores include three in Chicago, and one apiece

Big Lots restructures merchandising team

COLUMBUS, Ohio — Big Lots Inc. has appointed three general merchandise managers as part of a realignment of its merchandising organization into customer-centric categories of food and consumables; furniture and home decor; and seasonal, toys and electronics. Big Lots Inc. has appointed three general merchandise managers as part of a realignment of its merchandising organization

Giant-Carlisle in expansion mode

CARLISLE, Pa. — Giant Food Stores (Giant-Carlisle), a division of Ahold USA, has opened two new stores and launched Giant Pick Up service in several Pennsylvania communities. The chain also announced a third store opening to occur in December. Giant Food Stores (Giant-Carlisle), a division of Ahold USA, has opened two new stores and launched

The logical choice at Walmart

The recent news out of Bentonville, Ark., to the effect that, come February, Doug McMillon will be replacing Mike Duke as chief executive officer at Walmart did not come as a surprise to industry people. The recent news out of Bentonville, Ark., to the effect that, come February, Doug McMillon will be replacing Mike Duke

Competitive climate puts retailers to test

The holiday selling season is under way, and early results point to a challenging environment for traditional retailers. The closely watched opening weekend, which used to begin on Black Friday but now extends to Thanksgiving, was disappointing. The holiday selling season is under way, and early results point to a challenging environment for traditional retailers.

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