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In This Week's Viewpoints
David Orgel:
Why Ethnic Retailing Surges Despite Tough Times
Mark Hamstra:
Economy Creates Opportunity for Store Brands
Retail Financial Archive
Publix’s Earnings, Stock Tumble in Q3
LAKELAND, Fla. — Rising internal costs and a struggling customer base combined to send net income down by 18.9% in the third quarter at Publix Super Markets, the retailer here said Monday. ...
Bi-Lo Names Onstead CEO; Hotarek to Retire
MAULDIN, S.C. — Randall Onstead on Monday was named chairman of the board and interim chief executive officer of Bi-Lo LLC here. ...
Key Foods Names Janeway CEO
NEW YORK — Key Food Stores Co-Operative here yesterday said it has named Dean Janeway chief executive officer. ...
Dollar Tree Names Wampler New CFO
CHESAPEAKE, Va. — Dollar Tree Stores here on Monday said that Kevin Wampler had joined the company as chief financial officer. Wampler ...
Save Mart Employee Wins Car for Customer Commitment
MODESTO, Calif. — Oscar Garcia, a grocery clerk at a Sparks, Nev., unit of Save Mart Supemarkets here, was awarded a 2009 Dodge Challenger hemi-powered muscle car yesterday — the first of three employees who are being given cars during the fourth quarter for their commitment to customer satisfaction. ...
Wal-Marts Tops in ‘PoweRank’ Score
WILTON, Conn. — Wal-Mart Stores garnered the No. 1 position in Cannondale’s 2008 PoweRanking survey of retailers, marking the Bentonville, Ark.-based company’s 10th consecutive year in that spot. ...
More Retailers to Unionize Under Obama: Organizer
NEW YORK — New labor rules under an Obama presidency and a Democratic supermajority in Congress could result in additional grocery chains being unionized within six months, according to a union organizer speaking in a conference call Friday. ...
No Retailers Immune From Sales Downturn: Moody’s
NEW YORK — Supermarkets and big-box stores “could fare relatively well” this holiday season, Moody’s Investors Service here said yesterday, although no retail segment will be immune from an expected sales downturn....
Harris Teeter Posts Gains, Cites Challenges
CHARLOTTE, N.C. — Ruddick Corp. here yesterday said operating profit at its Harris Teeter chain was up 5.2% in the company’s fiscal fourth quarter, driven by increased sales from new stores and comparable-store sales growth of 2.16%....
CVS Caremark Closes Longs Acquisition
WOONSOCKET, R.I. — CVS Caremark Corp. here yesterday said it has completed its acquisition of Longs Drug Stores Corp., Walnut Creek, Calif....
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