Retail Financial Archive
Wal-Mart Pledges to 'Widen Price Gap’
FAYETTEVILLE, Ark. — Wal-Mart Stores here on Friday pledged to be aggressive in its global expansion initiatives and to ramp up its emphasis on low pricing....
Family Dollar Reports 7% 3Q Comps
MATTHEWS, N.C. — Strong sales of seasonal and consumable goods helped Family Dollar post 7% quarterly comparable sales gain, the retailer here said Thursday....
May Results Suggest Modest Shopper Recovery
COLUMBUS, Ohio – A modest retail recovery continued during the month of May as discounters, drug stores, and mass merchants led sales gains among retailers. ...
Sobeys to Raise $145M in Debt Sale
STELLARTON, Nova Scotia — Sobeys here said it would issue about $144.5 million (U.S.) in medium-term notes. ...
Ahold Sees Sales Gains at Converted Ukrop's
AMSTERDAM — Ahold here said sales have improved at the Ukrop's stores it acquired earlier this year, since converting them to the Martin's banner. ...
Wal-Mart Offers Workers College Credits
BENTONVILLE, Ark. — Wal-Mart Stores here said Thursday its employees will be eligible for college credits based on their formal training and job experience under the company's new Lifelong Learning Program — a partnership with American Public University, an online college. ...
UNFI Posts Q3 Gains With Help of Independent Sales
PROVIDENCE, R.I. — Sales at United Natural Foods Inc. increased by 10.8% to $985.7 million in the third quarter as sales to independent retailers and conventional supermarkets improved. ...
Couche-Tard Launches Tender Offer for Casey’s
ANKENY, Iowa — The board of directors of Casey’s General Stores here on Wednesday urged shareholders in the convenience chain not to respond to a tender offer from Canadian counterpart Alimentation Couche-Tard....
Village Sales Up, Profits Down
SPRINGFIELD, N.J. — Village Super Markets here said Wednesday that net income for the company’s third fiscal quarter was down 17% compared with year-ago results, which the ShopRite operator attributed to a 1.5% decrease in comparable-store sales and increased operating expenses....
Aldi to Open in NYC in 2011
BATAVIA, Ill. — Aldi’s long-anticipated arrival in New York City will come early next year, the retailer said....
Whole Foods Kicks Off 30th Anniversary
AUSTIN, Texas — Whole Foods Market is kicking off its 30th birthday celebration with an essay contest that will send 30 winners to a VIP culinary weekend here....
Tops Celebrates Banner Conversions
WILLIAMSVILLE, N.Y. — Tops Friendly Markets said Tuesday it celebrated the official grand-reopening under the Tops banner of 15 stores formerly operated by Penn Traffic....
World Travelers
Carrefour, the world's second-largest retailer behind Wal-Mart Stores, beat its bigger rival to the punch when it cracked the Russian market last June....
Bashas' Waiting for Interest Rates to Drop: Attorney
CHANDLER, Ariz. — Bashas’ here hopes to emerge from Chapter 11 bankruptcy by July — if it can obtain better interest rates than are available now on the bank loans it is lining up, Michael McGrath, the chain's bankruptcy attorney, told SN on Friday after a bankruptcy court meeting....
Sunflower Named ‘Hottest Retailer’ by Landlord Group
DENVER — Sunflower Markets here was one of five retailers named to the annual list of “Hot Retailers” by the trade group International Council of Shopping Centers....
WinCo Plans Southern California Warehouse
BOISE, Idaho — WinCo Foods here said Friday it plans to build a 2 million square-foot distribution center at some point in the next few years in Beaumont, Calif. — approximately 75 miles east of Los Angeles — to help support its expansion in Southern California. ...
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David Orgel: 
Phil Lempert: 
