BENTONVILLE, Ark. — In the face of a challenging global economic environment, Walmart is focused on initiatives to improve domestic sales and international returns in the near term, executives said during the company’s annual analyst conference here. In the face of a challenging global economic environment, Walmart is focused on initiatives to improve domestic sales
BENTONVILLE, Ark. — Walmart says it will buy out its partner in a wholesale venture in India, ending the six-year relationship and leaving the world’s largest retailer without a partner in the country. Walmart says it will buy out its partner in a wholesale venture in India, ending the six-year relationship and leaving the world’s
PLEASANTON, Calif. — Safeway Inc.’s plan to divest its Dominick’s grocery chain and leave the Chicago market furthers its strategy of focusing on core assets, according to company executives. Safeway Inc.’s plan to divest its Dominick’s grocery chain and leave the Chicago market furthers its strategy of focusing on core assets, according to company executives.
NEW YORK — Dollar General Corp. and Family Dollar Stores Inc. reached expansion milestones this month. Dollar General opened its 11,000th store, in Murfreesboro, Tenn.; while Family Dollar debuted its 8,000th, in Lancaster, S.C. Dollar General Corp. and Family Dollar Stores Inc. reached expansion milestones this month. Dollar General opened its 11,000th store, in Murfreesboro,
NEW YORK — Same-store sales rose modestly in September, with analysts blaming economic uncertainty linked to the then-looming government shutdown, and unusually warm weather that hurt sales of fall goods. Same-store sales rose modestly in September, with analysts blaming economic uncertainty linked to the then-looming government shutdown, and unusually warm weather that hurt sales of
STELLARTON, Nova Scotia — Paul Sobey plans to retire on December 11 from his posts as president and chief executive officer of Empire Co., the parent company of Canadian supermarket operator Sobeys Inc. Paul Sobey plans to retire on December 11 from his posts as president and chief executive officer of Empire Co., the parent
JACKSONVILLE, Fla. — Bi-Lo Holdings LLC says that it will rename the Sweetbay and Reid’s stores that it acquired earlier this year from Delhaize Group. Bi-Lo Holdings LLC says that it will rename the Sweetbay and Reid’s stores that it acquired earlier this year from Delhaize Group. While the Sweetbay outlets will now operate under
WASHINGTON — The National Retail Federation (NRF) forecasts modest sales gains this holiday season, projecting a 3.9% advance in November and December to $602.1 billion. The prediction is higher than the 10-year average of 3.3% and last year’s 3.5%. The National Retail Federation (NRF) forecasts modest sales gains this holiday season, projecting a 3.9% advance
DEERFIELD, Ill. — Alex Gourlay, president of Walgreen Co.’s daily living business, earlier this month unveiled marketing and merchandising changes to hone the drug chain’s strategic direction going forward. Alex Gourlay, president of Walgreen Co.’s daily living business, earlier this month unveiled marketing and merchandising changes to hone the drug chain’s strategic direction going forward.
WILMINGTON, Del. — Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 protection in U.S. Bankruptcy Court here late last month. Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 protection in U.S. Bankruptcy Court here late last month. The move came less than a month after the 170-store grocery chain reached a
The announcement earlier this month to the effect that Safeway would seek to jettison the Chicago-based Dominick’s grocery chain it acquired so many years ago elicited the expected reaction from within the retail community: What took Safeway so long to acknowledge the error it made in acquiring Dominick’s in the first place? The announcement earlier
The long, sad decline of Sears Holdings Corp., and the two once formidable retailers that comprise it, the eponymous department store chain and discount store operator Kmart, continues unabated. The long, sad decline of Sears Holdings Corp., and the two once formidable retailers that comprise it, the eponymous department store chain and discount store operator