TORONTO — Target Corp. is embarking on a major transformation as it confronts a swiftly changing consumer environment. This was the major theme that executives presented during the retailer’s Financial Community Day here recently. Target Corp. is embarking on a major transformation as it confronts a swiftly changing consumer environment. This was the major theme
TORONTO — Although Target Corp. has thus far fallen short of its sales goals in Canada, executives still expect to achieve their long-term objectives. Although Target Corp. has thus far fallen short of its sales goals in Canada, executives still expect to achieve their long-term objectives. During Target’s annual Financial Community Day, Tony Fisher, president
GOODLETTSVILLE, Tenn. — Dollar General Corp. has promoted Todd Vasos, its chief merchant, to the post of chief operating officer and hired David D’Arezzo as chief marketing officer. Dollar General Corp. has promoted Todd Vasos, its chief merchant, to the post of chief operating officer and hired David D’Arezzo as chief marketing officer. Vasos joined
AUSTIN, Texas — Whole Foods Market Inc. posted increased sales and profits in the fourth quarter, but its share price fell after it missed analyst targets and cut its full-year earnings forecast. Whole Foods Market Inc. posted increased sales and profits in the fourth quarter, but its share price fell after it missed analyst targets
NEW YORK — Cooler weather helped lift sales for some apparel retailers in October, despite the government shutdown at the start of the month that hurt consumer confidence. Other chains reported sales gains for consumables and prescription medications. Cooler weather helped lift sales for some apparel retailers in October, despite the government shutdown at the
BENTONVILLE, Ark. — Walmart kicked off the online holiday shopping season early this year, with a cyber sale event that began on November 1. But the amazingly low prices that appeared on Walmart.com the following week were the result of a technical glitch, the company said. Walmart kicked off the online holiday shopping season early
GREEN BAY, Wis. — Shopko Stores Operating Co. has opened five new Shopko Hometown stores, including three in Wisconsin. The openings bring the total of Shopko Hometown stores to 180. Shopko Stores Operating Co. has opened five new Shopko Hometown stores, including three in Wisconsin. The openings bring the total of Shopko Hometown stores to
Mike Bloom, president of Family Dollar, appeared on "Undercover Boss" last week. Mike Bloom, president of Family Dollar, appeared on "Undercover Boss" last week. For the uninitiated, "Undercover Boss" is a weekly reality television program that asks company presidents and CEOs to assume an alias, then interact with their employees as an outsider would. Among
Look for increased merger and acquisition activity in coming months. A variety of developments in the food, drug and discount store channels, together with some favorable macroeconomic factors, point to more deals. Look for increased merger and acquisition activity in coming months. A variety of developments in the food, drug and discount store channels, together
BEIJING — Walmart is ramping up its expansion plans for China, even while it intends to shutter numerous underperforming stores. In contrast to its growth strategy for the United States, the focus in China will be on its big-box formats: the Supercenter and Sam’s Club. Walmart is ramping up its expansion plans for China, even