MATTHEWS, N.C. — Mike Bloom recalls that when he first met Family Dollar chairman and chief executive officer Howard Levine, he was impressed by the man but knew little about his company. Mike Bloom recalls that when he first met Family Dollar chairman and chief executive officer Howard Levine, he was impressed by the man
BENTONVILLE, Ark. — One of the biggest stories in retailing for the past year has been the resurgence of Walmart’s flagship U.S. division. One of the biggest stories in retailing for the past year has been the resurgence of Walmart’s flagship U.S. division. A major factor in the segment’s rebound has been the success of
BENTONVILLE, Ark. — Competition within the membership warehouse club channel is intense, and the club format is not one that necessarily makes differentiation easy. Competition within the membership warehouse club channel is intense, and the club format is not one that necessarily makes differentiation easy. Nevertheless, in just the past few years Sam’s Club has
SAN BERNARDINO, Calif. — When Jack Brown joined Stater Bros. Markets in 1981, the chain had 79 supermarkets, 3,300 employees and about $475 million in annual sales. When Jack Brown joined Stater Bros. Markets in 1981, the chain had 79 supermarkets, 3,300 employees and about $475 million in annual sales. Under Brown’s leadership (he has
PLEASANTON, Calif. — Safeway Inc. chairman and chief executive officer Steve Burd says he will retire later this year. Safeway Inc. chairman and chief executive officer Steve Burd says he will retire later this year. Burd, who has held the top spot at Safeway since 1993, will step down as CEO and as a director
NEW YORK — Viewed from any angle, the holiday selling season that ended two weeks ago was at best a disappointment, more realistically a disaster, for America’s mass retailing community. Viewed from any angle, the holiday selling season that ended two weeks ago was at best a disappointment, more realistically a disaster, for America’s mass
EDEN PRAIRIE, Minn. — Supervalu Inc. is reportedly close to reaching a deal with Cerberus Capital Management LP under which the private equity firm would acquire some parts of the retailer as well as a stake in the rest. Supervalu Inc. is reportedly close to reaching a deal with Cerberus Capital Management LP under which
MINNEAPOLIS — Target, the retailer that perfected both the art and the science of retail branding, is bringing it to a new level of creativity and excellence. Target, the retailer that perfected both the art and the science of retail branding, is bringing it to a new level of creativity and excellence. As background, in
CAMP HILL, Pa. — This month Rite Aid Corp. is celebrating its 50th anniversary with special promotions, but the celebration was given additional meaning last month as the company reported its first quarterly profit in more than five years. This month Rite Aid Corp. is celebrating its 50th anniversary with special promotions, but the celebration
SALISBURY, N.C. — Just six weeks after succeeding the retiring Ron Hodge as chief executive officer of Delhaize America, Roland Smith has shaken up the executive ranks of the supermarket operator. Just six weeks after succeeding the retiring Ron Hodge as chief executive officer of Delhaize America, Roland Smith has shaken up the executive ranks
COLUMBUS, Ohio — With the U.S. Securities and Exchange Commission investigating his sale of $10 million worth of the company’s stock, Big Lots Inc. chairman and chief executive Steven Fishman has said he will retire. With the U.S. Securities and Exchange Commission investigating his sale of $10 million worth of the company’s stock, Big Lots
By any reckoning, Tesco is a world-class retailer. Its footprint covers half the globe, stretching from the United Kingdom across Eastern Europe and into Asia with emporiums that vie for market leadership in nearly every country where the retailer has a presence. By any reckoning, Tesco is a world-class retailer. Its footprint covers half the