ISSAQUAH, Wash. — Costco Wholesale Corp. posted a 17% increase in profit for the first quarter ended November 21, helped in part by a 10% increase in membership fee income, and a 7% increase in same-club sales worldwide. Costco Wholesale Corp. posted a 17% increase in profit for the first quarter ended November 21, helped
CARLISLE, Pa. — Robin Michel, president of the Giant-Landover division of Ahold USA, will step down by the end of the year to pursue other opportunities, according to the company. Robin Michel, president of the Giant-Landover division of Ahold USA, will step down by the end of the year to pursue other opportunities, according to
ABILENE, Kan. — Duckwall-ALCO Stores Inc. will permanently close 43 of its 44 Duckwall stores and rebanner one to refocus investment on its 214 ALCO stores. Duckwall-ALCO Stores Inc. will permanently close 43 of its 44 Duckwall stores and rebanner one to refocus investment on its 214 ALCO stores. The company will also change its
It’s virtually inconceivable that the mass retailing community has largely stopped taking Walmart, a half-trillion-dollar company, all that seriously. It’s virtually inconceivable that the mass retailing community has largely stopped taking Walmart, a half-trillion-dollar company, all that seriously. But that’s just what’s happened over the past three years, as one competitor after another has found
Whatever one might think of it in political or fiscal terms, the agreement on taxes and unemployment benefits struck by President Obama and Republicans in Congress earlier this month is good news for the nation’s retailers. Whatever one might think of it in political or fiscal terms, the agreement on taxes and unemployment benefits struck
LOUISVILLE, Ky. — Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store here earlier this month. Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store
ROGERS, Ark. — Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Shewmaker joined Walmart in 1970 as
WASHINGTON — The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer price (AMP) model. The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer
MINNEAPOLIS — Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. "While consumers remain conservative in their purchasing behavior, we’re encouraged by recent signs
NATICK, Mass. — BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. The membership warehouse club operator reported
MINNEAPOLIS — David Boehnen will retire as executive vice president at Supervalu effective December 15. He will , however, be a consultant to the company and a senior counselor to president and chief executive officer Craig Herkert for one year. David Boehnen will retire as executive vice president at Supervalu effective December 15. He will