NEW YORK — Walmart and Target Corp. both reported weak sales in February, suggesting that mass retailers continue to face serious economic headwinds. Walmart and Target Corp. both reported weak sales in February, suggesting that mass retailers continue to face serious economic headwinds. Walmart officials blamed increases in payroll taxes and delays in tax refunds
BOISE, Idaho — Ahead of its acquisition of five supermarket chains from Supervalu Inc., a deal that is due to close this month, Albertsons LLC has named the executives who will head those chains and their major divisions, which together will operate about 877 stores. Ahead of its acquisition of five supermarket chains from Supervalu
MATTHEWS, N.C. — Ahold NV and Publix Supermarkets Inc. are among the companies reportedly considering bids for Harris Teeter Supermarkets Inc. Ahold NV and Publix Supermarkets Inc. are among the companies reportedly considering bids for Harris Teeter Supermarkets Inc. First-round bids for the company are not due until later this month, and so far neither
CHESAPEAKE, Va. — Dollar Tree Inc. reported an 11.5% increase in consolidated net sales and an 8.4% increase in net income for its fiscal year ended January 28, supporting president and chief executive officer Bob Sasser’s view that the company is well positioned for today’s economy. Dollar Tree Inc. reported an 11.5% increase in consolidated
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. sharply reduced its net loss for fiscal 2012, but sales at both the Sears and Kmart units remained anemic. Sears Holdings Corp. sharply reduced its net loss for fiscal 2012, but sales at both the Sears and Kmart units remained anemic. In fact, 2012 represented the sixth consecutive
WABAN, Mass. — Publix Super Markets Inc. and Trader Joe’s Co. were given the highest scores by consumers surveyed for the 2013 Temkin Experience Ratings. Publix Super Markets Inc. and Trader Joe’s Co. were given the highest scores by consumers surveyed for the 2013 Temkin Experience Ratings. Other mass market retailers in the survey that
WOONSOCKET, R.I. — CVS/pharmacy has revamped its Gold Emblem line of food and beverages with enhanced ingredients, new snack options and more flavors. CVS/pharmacy has revamped its Gold Emblem line of food and beverages with enhanced ingredients, new snack options and more flavors. The popular line, which includes a wide variety of snacks, dessert items,
CAMP HILL, Pa. — Rite Aid Corp. has completed debt refinancing transactions extending the maturity of a portion of its outstanding indebtedness and lower interest expense. Rite Aid Corp. has completed debt refinancing transactions extending the maturity of a portion of its outstanding indebtedness and lower interest expense. The transactions included the amendment and restatement
Recent events have confirmed a fact that the brightest and more perceptive retail analysts have long since realized: Mass retailing is at the dawn of a new era of merchant dominance. Recent events have confirmed a fact that the brightest and more perceptive retail analysts have long since realized: Mass retailing is at the dawn
Technology is forever altering the practice of mass market retailing. Technology is forever altering the practice of mass market retailing. Amazon and other Internet-based merchants are mounting a significant challenge to brick-and-mortar chains in categories ranging from books and electronics to toys and health and beauty care. Traditional retailers have responded by augmenting their business