MISSISSAUGA, Ontario — Katz Group Canada has agreed to sell its Drug Trading Co. and Medicine Shoppe Canada to McKesson Corp. for $920 million (Canadian). Katz Group Canada has agreed to sell its Drug Trading Co. and Medicine Shoppe Canada to McKesson Corp. for $920 million (Canadian). The deal will see McKesson acquire all of
AUSTIN, Texas — H-E-B has brought its Hispanic-oriented Mi Tienda format to Texas’ state capital as part of a $100 million commitment to the market. H-E-B has brought its Hispanic-oriented Mi Tienda format to Texas’ state capital as part of a $100 million commitment to the market. H-E-B is expanding, relocating and remodeling stores throughout
EDGEWATER, N.J. — When Target Corp. unveils its new CityTarget format later this year the stores will undoubtedly benefit from the wealth of experience and insight that Target has gained from its stores in such major urban markets as New York; Washington, D.C.; and Chicago. When Target Corp. unveils its new CityTarget format later this
SHANGHAI — Walmart has named former Woolworths Ltd. executive Greg Foran to head its business in China. Walmart has named former Woolworths Ltd. executive Greg Foran to head its business in China. Foran, an industry veteran but a relative newcomer to China, is taking over what many see as a strategically crucial business for the
MINNEAPOLIS — Supervalu Inc. has unveiled a plan to reduce its national workforce by an estimated 800 positions. Supervalu Inc. has unveiled a plan to reduce its national workforce by an estimated 800 positions. Executives say most of the reductions will be made by the close of Supervalu’s fiscal year on February 25. The jobs
YONKERS, N.Y. — Shoppers across the country rated Costco Wholesale Corp. as offering the most pleasant shopping experience, a Consumer Reports survey in the magazine’s March issue finds. Shoppers across the country rated Costco Wholesale Corp. as offering the most pleasant shopping experience, a Consumer Reports survey in the magazine’s March issue finds. In polling
Mass retailing has never been more prosperous — or exciting. Mass retailing has never been more prosperous — or exciting. Consider the trade class — grocery, drug, discount — and compelling advancements and dynamic new formats are becoming the norm. The cumulative result is that the entire mass retailing segment is more enticing, more productive
Walgreens recently released its first monthly sales report since parting ways with Express Scripts, and the numbers, while not unexpected, are sobering. Total volume at the drug chain declined 2.3% in January and comparable-store sales were off 4.6%. Walgreens recently released its first monthly sales report since parting ways with Express Scripts, and the numbers,
BENTONVILLE, Ark. — Walmart has made several changes in senior management, including a new chief executive officer for Sam’s Club and a new president and CEO for Walmart’s e-commerce business. Walmart has made several changes in senior management, including a new chief executive officer for Sam’s Club and a new president and CEO for Walmart’s
BENTONVILLE, Ark. — Walmart has redrawn the lines of responsibility in its U.S. stores division in a bid to improve coordination between its merchandising and marketing functions. Walmart has redrawn the lines of responsibility in its U.S. stores division in a bid to improve coordination between its merchandising and marketing functions. Walmart U.S. chief marketing
ISSAQUAH, Wash. — Jim Sinegal, the cofounder of Costco Wholesale Corp., who turned 76 on January 1, has relinquished his role as chief executive officer after a 28-year career as head of a retailer that has succeeded beyond his, or anyone’s, dreams. Jim Sinegal, the cofounder of Costco Wholesale Corp., who turned 76 on January