Retail Financial Archive
Retailers Collect Funds for Haiti
LAKELAND, Fla. — Publix Super Markets here and Wal-Mart Stores, Bentonville, Ark., were among the first major food retailers to unveil aid programs Wednesday in the wake of the massive earthquake that hit Haiti this week....
Cloud Computing in Retail White Paper Available
NEW YORK — The Association for Retail Technology Standards (ARTS), the standards division of the National Retail Federation, announced version 1.0 of the white paper “Cloud Computing for Retail,” which offers “unbiased guidance” for achieving maximum results from this relatively new technology, according to an ARTS statement. ...
U.S. Convenience Gap Underlies Fresh & Easy: Leahy
NEW YORK — Tesco’s decision to invest in its small-format Fresh & Easy Neighborhood Market stores in the Western U.S. was based on its perception that convenience “is a relatively underinvested segment of retailing” in the U.S., said Sir Terry Leahy, chief executive for U.K.-based Tesco, in a presentation at the National Retail Federation’s 99th Annual Convention & Expo here this week....
2 NYC Stores in Line for Public Financing
NEW YORK — Two Bronx supermarkets would be the first to benefit under the recently enacted legislation providing public benefits to support food store development in needy neighborhoods. ...
Herkert Optimistic Despite Supervalu Sales Declines
MINNEAPOLIS — Despite lower sales, Supervalu here said Tuesday it is pleased with the progress it is making on improving promotional spending and expense controls, though it may take up to 18 months for store-level improvements to show up in reported financial results....
A&P: New CEO Coming Soon
MONTVALE, N.J. — A&P’s next chief executive officer should be in place by the time the retailer’s new fiscal year begins in March, officials said Tuesday. ...
Pathmark Write-Off, Sharp Sales Drop Sink A&P Q3
MONTVALE, N.J. — A&P officials today promised a “different approach” in marketing and merchandising after posting sharp declines in sales and a net loss of $560 million in the third quarter, which ended Dec. 5....
Supervalu Posts Profit Despite Sales Decline
MINNEAPOLIS — Despite a same-store sales decline 6.5% and a 9.8% drop in total sales for the fiscal third quarter, Supervalu here on Tuesday said aggressive cost controls and stabilization of margins allowed it to report net income of $109 million for the period....
Marsh to Implement Online Coupon-to-Card System
NEW YORK — Marsh Supermarkets, Indianapolis, will implement a coupon-to-card application from NCR as part of the chain’s Fresh I-D-E-A loyalty program later this year, NCR announced yesterday at the National Retail Federation’s 99th Annual Convention & Expo here. ...
Supervalu Sees Savings in Six Sigma
Albertsons and its parent company, Minneapolis-based Supervalu, were able to drive hundreds of millions in savings using the Six Sigma quality control systems, Jim Gentile, former senior vice president of Six Sigma Quality at Supervalu, said in a presentation at the National Retail Federation's Big Show here Monday....
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