MEMPHIS — Fred’s Inc. has selected Jerry Shore as the discount retailer’s next chief executive officer. Fred’s Inc. has selected Jerry Shore as the discount retailer’s next chief executive officer. Shore succeeds Bruce Efird, who recently announced he would be leaving the company when his contract expires. Shore has served Fred’s as an executive vice
MATTHEWS, N.C. — Family Dollar Stores Inc. shareholders will vote December 11 on the company’s proposed sale to Dollar Tree Stores Inc. Family Dollar Stores Inc. shareholders will vote December 11 on the company’s proposed sale to Dollar Tree Stores Inc. Dollar Tree is offering shareholders cash and stock worth $74.50 per share. The companies
ISSAQUAH, Wash. — Costco Wholesale Corp. finished fiscal 2014 in stellar fashion, with earnings up 13% and sales growth of nearly 10% in the fourth quarter. Earnings per share exceeded Wall Street’s expectations for the first time in five quarters. Costco Wholesale Corp. finished fiscal 2014 in stellar fashion, with earnings up 13% and sales
ROGERS, Ark. — Walmart used its annual meeting with investors here on October 15 to lower profit expectations and outline a new growth strategy that accelerates expansion of its online business and slows the pace of store openings. Walmart used its annual meeting with investors here on October 15 to lower profit expectations and outline
CHESHUNT, England — Tesco PLC chairman Richard Broadbent plans to resign once a successor is found. The move was announced following the latest revelations about an accounting scandal at Britain’s largest retailer, and the release of disappointing second quarter numbers. Tesco PLC chairman Richard Broadbent plans to resign once a successor is found. The move
AUSTIN, Texas — Whole Foods Market Inc., facing growing competition from other natural grocers, as well as mainstream supermarkets and discount chains, has launched its first national brand marketing campaign. Whole Foods Market Inc., facing growing competition from other natural grocers, as well as mainstream supermarkets and discount chains, has launched its first national brand
MINNEAPOLIS — Free shipping on all online purchases is the centerpiece of Target Corp.’s strategy for the end-of-year holiday season. Free shipping on all online purchases is the centerpiece of Target Corp.’s strategy for the end-of-year holiday season. The company is also ramping up its spending on holiday advertising and introducing thousands of new items,
BENTONVILLE, Ark. — Sam’s Club is offering a suite of services designed to free small business owners from such time-consuming tasks as managing their payrolls and finding employee health plans. Sam’s Club is offering a suite of services designed to free small business owners from such time-consuming tasks as managing their payrolls and finding employee
NEW YORK — With theft of shoppers’ payment-card data by cybercriminals becoming an almost weekly occurrence, retail heavyweights such as Target Corp. and Home Depot Inc. are pushing to make the more secure "chip and PIN" technology as ubiquitous in the United States as it is in other parts of the world. With theft of
NEW YORK — Kmart has become the latest retailer to fall victim to data theft. Kmart has become the latest retailer to fall victim to data theft. The company says the breach started in early September when Kmart store payment data systems were infected with a form of malware. Hackers are believed to have stolen
BENTONVILLE, Ark. — Walmart is working with the insurance agency DirectHealth.com with its launch of Healthcare Begins Here, an in-store program that is designed to educate customers about health insurance options. Walmart is working with the insurance agency DirectHealth.com with its launch of Healthcare Begins Here, an in-store program that is designed to educate customers
NEW YORK — An improving economy and increased confidence in personal finances are among the factors driving upbeat holiday sales forecasts this year. An improving economy and increased confidence in personal finances are among the factors driving upbeat holiday sales forecasts this year. The National Retail Federation (NRF) projects a 4.1% increase in combined November