BAVIS_1170x120_10-22-20

Issue 01-27-2014

Family Dollar retools

MATTHEWS, N.C. — With the exit of Michael Bloom as president and chief operating officer and the promotion of Jason Reiser to executive vice president and chief merchandising officer, Family Dollar Stores Inc. is focused on getting back on track after posting disappointing results for the first quarter of fiscal 2014. With the exit of

Target plans small-format store

MINNEAPOLIS — While the impact from the massive data breach at Target Corp. has worsened and the company continues to struggle in Canada, the nation’s No. 2 discounter is preparing to test a new, small-format prototype. While the impact from the massive data breach at Target Corp. has worsened and the company continues to struggle

Martin exits as A&P chief executive

MONTVALE, N.J. — Sam Martin has left his post as president and chief executive officer at A&P, the retailer has confirmed. Sam Martin has left his post as president and chief executive officer at A&P, the retailer has confirmed. When Martin was hired to lead the company in July 2010, he was A&P’s second president

Walgreens makes most of ‘plan to win’ strategy

CHICAGO — Five years after announcing its “plan to win” Walgreen Co. is thriving, executives said at the company’s annual shareholders meeting here earlier this month. Five years after announcing its “plan to win” Walgreen Co. is thriving, executives said at the company’s annual shareholders meeting here earlier this month. Speaking to shareholders at the

Sales gains unevenly distributed

NEW YORK — U.S. retail sales grew at a healthy pace in December, although not all retailers shared the gains. U.S. retail sales grew at a healthy pace in December, although not all retailers shared the gains. The National Retail Federation (NRF) estimates that December retail sales, which exclude automobiles, gas stations and restaurants, increased

Albertsons to shutter 26 locations

BOISE, Idaho — Albertsons LLC plans to close 26 stores in eight states spanning the country. The closures follow the company’s acquisition of more than 800 stores from Supervalu Inc. last year. Albertsons LLC plans to close 26 stores in eight states spanning the country. The closures follow the company’s acquisition of more than 800

NRF honors Costco’s Sinegal

NEW YORK — Costco Wholesale Corp. cofounder and retired president and chief executive officer Jim Sinegal has received the National Retail Federation’s (NRF’s) 2014 Gold Medal Award. Costco Wholesale Corp. cofounder and retired president and chief executive officer Jim Sinegal has received the National Retail Federation’s (NRF’s) 2014 Gold Medal Award. The Gold Medal is

Schnuck CEO will step down

ST. LOUIS — Schnuck Markets Inc. chairman and chief executive officer Scott Schnuck, 63, plans to retire from the CEO position in March. Schnuck Markets Inc. chairman and chief executive officer Scott Schnuck, 63, plans to retire from the CEO position in March. Todd Schnuck, 55, will become president and CEO of the privately held,

Walmart challenged by NLRB

BENTONVILLE, Ark. — The outcome of government charges that Walmart mistreated striking workers could have broad implications for labor rights, experts say. The outcome of government charges that Walmart mistreated striking workers could have broad implications for labor rights, experts say. The National Labor Relations Board (NLRB) this month accused Walmart of violating labor law

When execs reach for next rung

Add Mike Bloom to the rapidly growing list of senior executives who are no longer in the position they had filled as recently as six weeks ago. Add Mike Bloom to the rapidly growing list of senior executives who are no longer in the position they had filled as recently as six weeks ago. As

Data breach at Target a warning for others

New revelations stemming from the ongoing investigation into the massive data breach suffered by Target during the holiday selling season raise unsettling questions, not only for the nation’s second-largest discounter but for all members of the mass retailing community and the people who shop their stores. New revelations stemming from the ongoing investigation into the