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Issue 06-10-2013

Next up for Amazon

SEATTLE — Online retail giant Amazon Inc. is taking on a new set of brick-and-mortar competitors. The company is reportedly expanding its online grocery business to include the delivery of perishable products, including produce, dairy and meat. Online retail giant Amazon Inc. is taking on a new set of brick-and-mortar competitors. The company is reportedly

Expansion push eyed by Costco

ISSAQUAH, Wash. — Costco Wholesale Corp. plans to open about 150 new warehouses over the next five years. Of that total, somewhat more than 55 will be in the United States. Costco Wholesale Corp. plans to open about 150 new warehouses over the next five years. Of that total, somewhat more than 55 will be

Dollar Gen. scales back guidance

GOODLETTSVILLE, Tenn. — Dollar General Corp. has lowered the high end of its projection for sales and profits for fiscal 2013, citing reduced gross margin and moderating sales growth. Dollar General Corp. has lowered the high end of its projection for sales and profits for fiscal 2013, citing reduced gross margin and moderating sales growth.

Credit card deal is falling apart

NEW YORK — A number of mass market retailers have joined other merchants in rejecting and withdrawing from a proposed class-action settlement of an antitrust lawsuit over credit card fees. Other retailers, meanwhile, have filed a new lawsuit against Visa Inc. and MasterCard Inc. A number of mass market retailers have joined other merchants in

Whole Foods makes debut in Detroit

DETROIT — Whole Foods Market Inc. has opened its first store in Detroit, the upscale grocer’s first step toward entering under-served urban markets. Whole Foods Market Inc. has opened its first store in Detroit, the upscale grocer’s first step toward entering under-served urban markets. The 21,506-square-foot store opened in a mixed-use project on Mack Drive

Surprising confidence exhibited by consumers

NEW YORK — Consumer confidence shot up to its highest level in six years last month, according to the Thomson Reuters/University of Michigan consumer sentiment index. Consumer confidence shot up to its highest level in six years last month, according to the Thomson Reuters/University of Michigan consumer sentiment index. The overall May index rose to

Tesco same-store sales drop in home market

LONDON — Tesco PLC’s domestic sales rebound appears questionable after the company reported a decline in same-store sales during its first quarter. Tesco PLC’s domestic sales rebound appears questionable after the company reported a decline in same-store sales during its first quarter. Same-store sales in the United Kingdom, excluding fuel and value-added tax, declined 1%

Tops enhances presence in upstate N.Y.

WILLIAMSVILLE, N.Y. — Tops Friendly Markets has completed its acquisition of four Big M supermarkets in upstate New York. Tops Friendly Markets has completed its acquisition of four Big M supermarkets in upstate New York. The acquired stores, located in Boonville, Watertown, Sandy Creek and Adams, N.Y., expand Tops’ penetration of northern and central New

Churcott is new CEO at Pharmasave

LANGLEY, British Columbia — Pharmasave Drugs Ltd. has tapped Carmen Churcott to serve as its new chief executive officer. Pharmasave Drugs Ltd. has tapped Carmen Churcott to serve as its new chief executive officer. Churcott fills the vacancy created when Sue Paish, who had been CEO since 2007, stepped down last May to become chief

New retailing order emerging

Where have all the retailers gone? Where’s the excitement? Where are the retail companies competitors fear, envy — and attempt to emulate? Where have all the retailers gone? Where’s the excitement? Where are the retail companies competitors fear, envy — and attempt to emulate? The traditional leaders — Walmart, Target and such traditional supermarket leaders

Supply chain expertise more crucial than ever

The annual ranking of global supply chain leaders compiled by Gartner Inc., an advisory firm that provides technology-related insights to clients in a variety of fields, has been released. The annual ranking of global supply chain leaders compiled by Gartner Inc., an advisory firm that provides technology-related insights to clients in a variety of fields,