BENTONVILLE, Ark. — Walmart was surprised by disappointing first quarter financial results as domestic sales were pressured by delayed tax refunds, higher payroll taxes, lower food inflation and bad weather. Walmart was surprised by disappointing first quarter financial results as domestic sales were pressured by delayed tax refunds, higher payroll taxes, lower food inflation and
SALISBURY, N.C. — Food Lion has held grand reopenings at 178 stores in five states to celebrate its investment in lower prices and store upgrades. Food Lion has held grand reopenings at 178 stores in five states to celebrate its investment in lower prices and store upgrades. According to the grocer, the investments include lower
NEW YORK — After faltering in March, retail sales rebounded somewhat in April. After faltering in March, retail sales rebounded somewhat in April. The National Retail Federation (NRF) said that April retail sales advanced a seasonally adjusted 0.6% from the month before, and increased 3.9% (unadjusted) over April of last year. "In the face of
SWARTZ CREEK, Mich. — A 190,000-square-foot outlet that opened here earlier this month brought Meijer Inc.’s store count to 200. A 190,000-square-foot outlet that opened here earlier this month brought Meijer Inc.’s store count to 200. "We’re excited to continue to see our company grow in Michigan," said company cochairman Hank Meijer. The milestone Swartz
SAN FRANCISCO — Target Corp. has opened a new office here, called the Technology Innovation Center, in an effort to improve its online and mobile shopping offerings. Target Corp. has opened a new office here, called the Technology Innovation Center, in an effort to improve its online and mobile shopping offerings. "For us it’s about
JACKSONVILLE, Fla. — BI-LO Holding has signed a long-term deal to have Keene, N.H.-based C&S Wholesale Grocers Inc. provide warehouse, transportation and most procurement services for all 480 Winn-Dixie supermarkets. BI-LO Holding has signed a long-term deal to have Keene, N.H.-based C&S Wholesale Grocers Inc. provide warehouse, transportation and most procurement services for all 480
WOONSOCKET, R.I. — With the ever-growing share of generic drugs suppressing top-line growth but helping to fortify gross margins, CVS Caremark Corp. rang up double-digit earnings gains in the face of flat revenues during the three months ended March 31. With the ever-growing share of generic drugs suppressing top-line growth but helping to fortify gross
Early in May the editors of MMR hosted a reception in Nashville for the senior managers of Dollar General and some 50 of that retailer’s major suppliers. Early in May the editors of MMR hosted a reception in Nashville for the senior managers of Dollar General and some 50 of that retailer’s major suppliers. The
The U.S. Senate earlier this month took the overdue step of passing a bill designed to level the playing field for retailers. The U.S. Senate earlier this month took the overdue step of passing a bill designed to level the playing field for retailers. With support from both sides of the aisle, it voted 69