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Walmart moving fast

BENTONVILLE, Ark. — Doug McMillon, at his first annual meeting as Walmart’s chief executive officer, told shareholders and associates that the company will succeed by embracing new technologies and new store formats, while remaining true to its established values and its mission. Doug McMillon, at his first annual meeting as Walmart’s chief executive officer, told

New CEO for Walmart online unit

BENTONVILLE, Ark. — Wal­mart’s fast-growing e-commerce team has a new leader. Wal­mart’s fast-growing e-commerce team has a new leader. Fernando Madeira, former president and chief executive officer of Latin America at Walmart’s e-commerce arm, has been transferred to the United States to succeed Joel Anderson as chief executive officer of Walmart’s U.S. website. Anderson left

Family Dollar counteracts Icahn move

MATTHEWS, N.C. — Family Dollar Stores Inc. has adopted a “poison pill” to limit the influence of activist investor Carl Icahn. Family Dollar Stores Inc. has adopted a “poison pill” to limit the influence of activist investor Carl Icahn. The retailer adopted a one-year plan preventing any stockholder from acquiring a stake of more than

Guidance for year cut by Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has pared its fiscal 2015 earnings forecast, citing factors affecting pharmacy margins. Rite Aid Corp. has pared its fiscal 2015 earnings forecast, citing factors affecting pharmacy margins. The drug chain said the lower full-year outlook reflects revised first quarter guidance for reduced adjusted EBITDA (earnings before interest, taxes,

Retail sales take turn for the better in May

NEW YORK — Retailers said sales ticked higher in May as warmer weather brought more shoppers into stores. Memorial Day promotions contributed to the improvement. Retailers said sales ticked higher in May as warmer weather brought more shoppers into stores. Memorial Day promotions contributed to the improvement. Average sales growth at nine U.S. retailers, including

Sam’s bolsters data security

BENTONVILLE, Ark. — Sam’s Club has become the first major American retailer with a credit card with chip-enabled technology for enhanced security. Sam’s Club has become the first major American retailer with a credit card with chip-enabled technology for enhanced security. The embedded chip in the new Sam’s Club MasterCard makes it much harder to

Dollar General plans to enter three states

GOODLETTSVILLE, Tenn. — Dollar General Corp. is moving into three new states — Maine, Rhode Island and Oregon — bringing to 43 the number of states with a Dollar General store. Dollar General Corp. is moving into three new states — Maine, Rhode Island and Oregon — bringing to 43 the number of states with

Target takes action

MINNEAPOLIS — Target Corp. continues to make big changes as it seeks to address recent challenges and regain positive momentum. Target Corp. continues to make big changes as it seeks to address recent challenges and regain positive momentum. The retailer’s latest moves include replacing the president of its Target Canada division, realigning its merchandising team

Costco steps up efforts in the online channel

ISSAQUAH, Wash. — Costco Wholesale Corp. is eyeing the online channel as a way to lure new customers and spur purchases. Costco Wholesale Corp. is eyeing the online channel as a way to lure new customers and spur purchases. The warehouse club has been tinkering with its product mix on Costco.com by offering more smaller-ticket

Walmart promotes CEO of Canadian operation

BENTONVILLE, Ark. — Walmart Canada’s chief executive officer, Shelley Broader, has been promoted to the job of executive vice president, president and chief executive officer of Walmart EMEA. Walmart Canada’s chief executive officer, Shelley Broader, has been promoted to the job of executive vice president, president and chief executive officer of Walmart EMEA. She will

Ahold USA ramps up overhaul

CARLISLE, Pa. — Ahold USA will accelerate the rollout of improvements aimed at making its stores more attractive to ­shoppers. Ahold USA will accelerate the rollout of improvements aimed at making its stores more attractive to ­shoppers. "We decided to roll out a program to improve our customer proposition by investing in the quality and

DC launched by Dollar General

BETHEL TOWNSHIP, Pa. — Dollar General Corp. celebrated the opening of a new distribution center here on May 31. Dollar General Corp. celebrated the opening of a new distribution center here on May 31. Vendors’ products began arriving at the 930,000-square-foot facility in December. In January, the center began supplying merchandise to Dollar General stores

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