Retail Financial Archive
Study Shows SKU Cuts May Cost Shoppers
LAS VEGAS — More than half of U.S. consumers say they are likely to shop elsewhere if they notice that a store is reducing selection, according to a Nielsen Co. study unveiled at the Consumer 360 Conference here Tuesday....
Wal-Mart Launches Credit Card in Canada
MISSISSAUGA, Ontario — Walmart Canada here yesterday said its new subsidiary, Walmart Canada Bank, has launched Walmart Rewards MasterCard just days after winning government approval to operate a bank in the country....
Giant-Carlisle Plans First Philly Store
CARLISLE, Pa. — Ahold's Giant Food chain, based here, yesterday confirmed reports that it plans to open its first store in Philadelphia....
Casey’s Increases Dividend, Building Plans
ANKENY, Iowa — Casey’s General Stores on Tuesday said it would increase its dividend payment by 18% and expand into Arkansas for the first time — initiatives that would demonstrate the convenience operator’s potential to produce value for shareholders who are now considering a buyout offer from a larger rival....
Shoppers to Spend Less this Summer: Survey
CHARLESTON, S.C. — Just when it seemed consumers were opening up their wallets again, they will cut back spending this summer, according to results of a new survey by America’s Research Group here....
Wal-Mart Restocks 300-400 Grocery Items: CFO
NEW YORK — Wal-Mart Stores has added back between 300 and 400 items in the grocery category alone that were eliminated as the company sought to reduce inventory and focus on growth categories, Thomas W. Schoewe, executive vice president and chief financial officer for the Bentonville, Ark.-based chain, told investors at a conference here sponsored by William Blair & Co....
Superstore Workers in Thunder Bay OK Strike
THUNDER BAY, Ontario — Workers at Loblaw Cos.' Real Canadian Superstore here have voted to authorize a strike, according to United Food and Commercial Workers Local 1000A, which represents the workers....
Steep Competition
The Rocky Mountain region is a tough place for supermarket operators, and it's about to get tougher. With a lot of wide-open spaces and a population that...
Former Supervalu CIO Singer Dies
MINNEAPOLIS — Paul Singer, former chief information officer of Supervalu, passed away Friday after a long battle against brain cancer....
Cargo Workers Stage Job Actions
SEATTLE — Backed by Teamsters Local 117, workers at several loading companies in the Puget Sound region were scheduled to stage job actions Friday at distribution centers operated by Safeway, Fred Meyer and Unified Grocers, among others. ...
Kroger in Agreement With Mich. Workers
MADISON HEIGHTS, Mich. — Kroger Co. and United Food and Commercial Workers Local 876 have reached a tentative labor agreement covering about 12,000 Michigan workers, both sides said late Thursday after a previous agreement had expired earlier in the week. ...
Sears Launches Online Grocery
NEW YORK — Sears Holdings, parent of the Sears and Kmart chains, has begun testing home delivery of groceries in New York City and the Hamptons area of Long Island, N.Y., and plans to begin testing in Chicago later this summer, the company said this week ...
Kroger, Michigan Workers Still at Odds
MADISON HEIGHTS, Mich. — Union workers at Kroger stores in Michigan were still working on Thursday despite their contract expiring. ...
Target to Increase Meal Solutions
ENGLEWOOD, Colo. — Target Corp. plans to expand its P-fresh remodels, which include expanded grocery sections, to 340 more stores this year, up from 100 installations last year, Gregg Steinhafel, chairman, president and chief executive officer, told the annual shareholders meeting here Wednesday....
Moody's Boosts Nash Finch Debt Ratings, Notes
NEW YORK — Moody's Investors Service here said this week it was upgrading Nash Finch Co.'s debt ratings to B1 from B2 and its convertible senior subordinated notes to B3 from Caa1, adding that the ratings outlook remains positive. ...
Modest Progress Made in Organized Crime Fight: NRF
WASHINGTON — Retailers have made a little progress in reducing organized retail crime, according to the National Retail Federation’s sixth annual ORC survey....
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David Orgel: 
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