MINNEAPOLIS — Supervalu Inc. lowered its sales and profit guidance for fiscal 2012 after reporting another drop in sales and a net loss prompted by a big noncash impairment charge. Supervalu Inc. lowered its sales and profit guidance for fiscal 2012 after reporting another drop in sales and a net loss prompted by a big
CARLISLE, Pa. — Giant Food Stores LLC, a division of Ahold USA, has agreed to acquire 16 Genuardi’s locations in the greater Philadelphia area from Safeway Inc. for $106 million. Giant Food Stores LLC, a division of Ahold USA, has agreed to acquire 16 Genuardi’s locations in the greater Philadelphia area from Safeway Inc. for
DEERFIELD, Ill. — Tens of thousands of pharmacy patients took advantage of Walgreen Co.’s January promotion of its Prescription Savings Club (PSC) in the first days of the new year. Tens of thousands of pharmacy patients took advantage of Walgreen Co.’s January promotion of its Prescription Savings Club (PSC) in the first days of the
This is Kmart’s 50th anniversary. The first Kmart opened on March 1, 1962, in Garden City, Mich. That was the year, as well, that both Walmart and Target opened their initial discount stores. This is Kmart’s 50th anniversary. The first Kmart opened on March 1, 1962, in Garden City, Mich. That was the year, as
The failure of Walgreens and Express Scripts to reach contract renewal terms and the subsequent exclusion of the drug chain from the pharmacy benefits management company’s network raise a number of issues central to the delivery of health care. The failure of Walgreens and Express Scripts to reach contract renewal terms and the subsequent exclusion
MINNEAPOLIS — The year that just ended was a watershed time for Target Corp. It was a period marked by the retailer’s decision to expand beyond the U.S. border for the first time. The year that just ended was a watershed time for Target Corp. It was a period marked by the retailer’s decision to
WEST DES MOINES, Iowa — Last year Hy-Vee chairman and chief executive officer Ric Jurgens joined Iowa governor Terry Branstad, lieutenant governor Kim Reynolds, members of Iowa’s congressional delegation and other business and government leaders to announce the goal of making Iowa the healthiest state in the nation by 2016. Last year Hy-Vee chairman and
MATTHEWS, N.C. — As Dorlisa Flur points out, there is a certain irony in her being named MMR’s Merchant of the Year because, although she was until recently chief merchandising officer for Family Dollar Stores Inc., she is not by training a merchant. As Dorlisa Flur points out, there is a certain irony in her
NEW YORK — The Christmas selling season that ended two weeks ago was the most complex, multifaceted, baffling and difficult to analyze in recent memory. The Christmas selling season that ended two weeks ago was the most complex, multifaceted, baffling and difficult to analyze in recent memory. More specifically, it was influenced by many factors
HOFFMAN ESTATES, Ill. — Projecting a sharp drop in fourth-quarter earnings, Sears Holdings Corp. has announced it will close between 100 and 120 Kmart and full-line Sears stores. Projecting a sharp drop in fourth-quarter earnings, Sears Holdings Corp. has announced it will close between 100 and 120 Kmart and full-line Sears stores. The company expects
GREENVILLE, S.C. — The supermarket arena is set to get a bigger player in the Southeast. The supermarket arena is set to get a bigger player in the Southeast. BI-LO LLC plans to acquire Winn-Dixie Stores Inc. in a $560 million cash deal, creating one of the nation’s largest grocery chains, with about 690 stores