SAN BERNARDINO, Calif. — Stater Bros. Markets, which recently became a private company with no public debt, is taking steps toward expansion with the announcement that it plans to open two new "Blue Ribbon" supermarkets to better serve the California communities of Covina and Menifee. Stater Bros. Markets, which recently became a private company with
CITY OF COMMERCE, Calif. — 99¢ Only Stores has hired an interim chief financial officer with the resignation of CFO Frank Schools. 99¢ Only Stores has hired an interim chief financial officer with the resignation of CFO Frank Schools. The extreme value retailer has named Christopher Laurence interim CFO, treasurer and secretary, overseeing finance, accounting
GOUVERNEUR, N.Y. — KPH Healthcare Services Inc., formerly Kinney Drugs, has promoted Bridget-ann Hart to president and chief executive officer. KPH Healthcare Services Inc., formerly Kinney Drugs, has promoted Bridget-ann Hart to president and chief executive officer. She succeeds chairman and CEO Craig Painter, who will now serve as executive chairman of the board. The
MISSISSAUGA, Ontario — Mary Kelly enjoys her work. Mary Kelly enjoys her work. Trained as a pharmacist, Kelly spent the majority of her career at Target Corp., where she played a pivotal role in leading the team that built the discount store operator’s prescription drug business from a few stores into a 1,500-pharmacy operation by
MINNEAPOLIS — Target Corp. has hit a “rough patch” and needs to take aggressive steps to change the way it does business. Target Corp. has hit a “rough patch” and needs to take aggressive steps to change the way it does business. So acknowledged Target chief marketing officer Jeff Jones in a candid post on
BENTONVILLE, Ark. — Walmart posted a 5% decline in fiscal first quarter profit, as revenue rose a modest 0.8%. Sales at U.S. stores declined for a fifth consecutive quarter. Walmart posted a 5% decline in fiscal first quarter profit, as revenue rose a modest 0.8%. Sales at U.S. stores declined for a fifth consecutive quarter.
SALISBURY, N.C. — Delhaize America’s Food Lion chain is adopting a new strategy based on low prices and an easier shopping experience. Delhaize America’s Food Lion chain is adopting a new strategy based on low prices and an easier shopping experience. "Our customers have told us that they want a grocery experience where it’s easy
NEW YORK — Long-awaited warm weather did not bring a long-awaited surge in consumer spending last month. Long-awaited warm weather did not bring a long-awaited surge in consumer spending last month. April retail sales, excluding automobiles, gas stations and restaurants, were unchanged on a seasonally adjusted month-to-month basis, according to the National Retail Federation. "The
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. announced on May 14 that it is “exploring strategic alternatives” for its 51% interest in Sears Canada, including potential sale of the entire Canadian enterprise. Sears Holdings Corp. announced on May 14 that it is “exploring strategic alternatives” for its 51% interest in Sears Canada, including potential sale
LONDON — Synergies from Alliance Boots GmbH’s partnership with Walgreen Co. helped the Europe-based company lift its fiscal year net profit 31%. Synergies from Alliance Boots GmbH’s partnership with Walgreen Co. helped the Europe-based company lift its fiscal year net profit 31%. Alliance Boots reported net consolidated profit of £971 million ($1.63 billion) for the
WILLIAMSVILLE, N.Y. — Tops Markets LLC on May 14 opened a 52,000-square-foot Tops Friendly Market in the Rochester, N.Y., suburb of Irondequoit featuring a smaller layout the company bills as a prototype. Tops Markets LLC on May 14 opened a 52,000-square-foot Tops Friendly Market in the Rochester, N.Y., suburb of Irondequoit featuring a smaller layout
AUSTIN, Texas — Whole Foods Market Inc.’s shares fell sharply after the company posted flat earnings for its second quarter and lowered its 2014 same-store sales and earnings forecasts. Whole Foods Market Inc.’s shares fell sharply after the company posted flat earnings for its second quarter and lowered its 2014 same-store sales and earnings forecasts.