October 20, 2014 by MMR
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NEW YORK — Retailers said sales increased in September, buoyed by back-to-school shopping and cooler weather that triggered demand for fall merchandise. Retailers said sales increased in September, buoyed by back-to-school shopping and cooler weather that triggered demand for fall merchandise. September same-store sales rose 5% from a year earlier, according to a retail index
October 20, 2014 by MMR
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GOODLETTSVILLE, Tenn. — As Family Dollar Stores Inc. and Dollar General Corp. jostle for price leadership with competing promotional programs, the Federal Trade Commission has made a second request for information related to Dollar General’s offer to acquire its smaller competitor. As Family Dollar Stores Inc. and Dollar General Corp. jostle for price leadership with
October 20, 2014 by MMR
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HOFFMAN ESTATES, Ill. — Sears Holdings Corp. is hoping to raise $380 million in operating cash ahead of the year-end holidays by offering its shareholders the rights to buy a stake in Sears Canada Inc. Sears Holdings Corp. is hoping to raise $380 million in operating cash ahead of the year-end holidays by offering its
October 20, 2014 by MMR
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WESTLAKE VILLAGE, Calif. — Customer satisfaction at pharmacies has improved since last year, according to the J.D. Power 2014 U.S. Pharmacy Study. Customer satisfaction at pharmacies has improved since last year, according to the J.D. Power 2014 U.S. Pharmacy Study. Publix Super Markets Inc. received the top overall score among brick-and-mortar pharmacies in the study,
October 20, 2014 by MMR
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MINNEAPOLIS — Target Corp. is updating its mobile apps and launching new ones this month to make it easier for shoppers to find and buy products. Target Corp. is updating its mobile apps and launching new ones this month to make it easier for shoppers to find and buy products. Two-thirds of Target’s online traffic
September 23, 2014 by MMR
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MATTHEWS, N.C. — In urging shareholders to ignore Dollar General Corp.’s tender offer of $80 per share for their stock, the directors of Family Dollar Stores Inc. have insisted that antitrust regulators would not look kindly upon a combination of the nation’s two largest dollar store chains. In urging shareholders to ignore Dollar General Corp.’s
September 23, 2014 by MMR
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BOISE, Idaho — AB Acquisition LLC (Albertsons) and Safeway Inc. have named the leadership team that will head the combined company when its planned merger is completed. AB Acquisition LLC (Albertsons) and Safeway Inc. have named the leadership team that will head the combined company when its planned merger is completed. "We are confident in
September 23, 2014 by MMR
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WOONSOCKET, R.I. — The change in name to CVS Health from CVS Caremark signifies the ongoing transformation of the chain drug store into a neighborhood health care center, according to company officials. The change in name to CVS Health from CVS Caremark signifies the ongoing transformation of the chain drug store into a neighborhood health
September 23, 2014 by MMR
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NEW YORK — Retailers said sales increased in August, buoyed by back-to-school shopping and a more upbeat consumer. Retailers said sales increased in August, buoyed by back-to-school shopping and a more upbeat consumer. Retail spending growth in August was the strongest in 13 months, according to First Data Corp., an electronic payments processor. Increased consumer
September 23, 2014 by MMR
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NEW YORK — Fairway Group Holdings Corp. has hired Jack Murphy as chief executive officer. The company operates 15 upscale grocery stores in the greater New York area. Fairway Group Holdings Corp. has hired Jack Murphy as chief executive officer. The company operates 15 upscale grocery stores in the greater New York area. Murphy cofounded
September 23, 2014 by MMR
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GREEN BAY, Wis. — Shopko Stores Operating Co. has remodeled its 133 stores to improve customer access to its jewelry offerings and expand its selection of active apparel. Shopko Stores Operating Co. has remodeled its 133 stores to improve customer access to its jewelry offerings and expand its selection of active apparel. The store upgrades
September 23, 2014 by MMR
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COPPELL, Texas — Stanley Latacha was named interim chief executive officer at Alco Stores Inc. earlier this month. Latacha is one of seven newly elected directors that replaced the retailer’s existing board during the company’s annual meeting in late August. Stanley Latacha was named interim chief executive officer at Alco Stores Inc. earlier this month.