ISSAQUAH, Wash. — Costco Wholesale Corp. posted strong top- and bottom-line growth for its 2013 second quarter, once again topping Wall Street expectations. The company’s earnings for the quarter were up 39%, to $547 million. Costco Wholesale Corp. posted strong top- and bottom-line growth for its 2013 second quarter, once again topping Wall Street expectations.
NEW YORK — Moderate retail sales growth in February exceeded some expectations even though it represented a sharp deceleration from January. Moderate retail sales growth in February exceeded some expectations even though it represented a sharp deceleration from January. According to the National Retail Federation (NRF), retail sales excluding autos, gas stations and restaurants rose
BENTONVILLE, Ark. — Walmart executive vice president of corporate affairs Leslie Dach, who has been credited with improving the retail giant’s corporate image, plans to step down in June. Walmart executive vice president of corporate affairs Leslie Dach, who has been credited with improving the retail giant’s corporate image, plans to step down in June.
MISSISSAUGA, Ontario — Target Corp. has opened 17 new stores in southwestern Ontario and plans to debut another four units in the province later this week. Target Corp. has opened 17 new stores in southwestern Ontario and plans to debut another four units in the province later this week. The soft openings of the 21
MINNEAPOLIS — Supervalu Inc. has appointed new presidents at Save-A-Lot and Shop ’n Save, and three additions to its corporate leadership. Supervalu Inc. has appointed new presidents at Save-A-Lot and Shop ’n Save, and three additions to its corporate leadership. Ritchie Casteel was named president and chief executive officer of Save-A-Lot. Casteel has more than
PLEASANTON, Calif. — Safeway Inc. executive vice president of retail operations Bruce Everette, 61, is retiring. He will be succeeded by Kelly Griffith, 49, who has been president of merchandising. Safeway Inc. executive vice president of retail operations Bruce Everette, 61, is retiring. He will be succeeded by Kelly Griffith, 49, who has been president
AUSTIN, Texas — Target Corp. has teamed up with Fast Company magazine for a contest offering a $75,000 prize to the person who develops the best new mobile experience for Target. Target Corp. has teamed up with Fast Company magazine for a contest offering a $75,000 prize to the person who develops the best new
PARIS — Carrefour SA reported a sharp increase in net profit for 2012, boosted by the sell-off of underperforming assets. Carrefour SA reported a sharp increase in net profit for 2012, boosted by the sell-off of underperforming assets. The French company, the world’s second-largest retailer after Walmart, reported a net profit of 1.2 billion euros
MEXICO CITY — Walmart de México plans capital expenditures of between 17.3 billion pesos and 17.9 billion pesos ($1.35 billion to $1.4 billion) this year, with more than half of that sum devoted to new store openings. Walmart de México plans capital expenditures of between 17.3 billion pesos and 17.9 billion pesos ($1.35 billion to
On March 9, some 1,500 people attended the American Diabetes Association’s 11th annual Kiss a Pig Gala at the John Q. Hammons Center in Rogers, Ark. On March 9, some 1,500 people attended the American Diabetes Association’s 11th annual Kiss a Pig Gala at the John Q. Hammons Center in Rogers, Ark. Convened to raise
The National Association of Chain Drug Stores and its members earlier this month reiterated their commitment to play a forceful role in health care policy when they brought together some 300 retail pharmacy advocates from across the country to interact with members of Congress and the executive branch. The National Association of Chain Drug Stores