Retail Financial Archive

Menzer Set to Retire as Wal-Mart Vice Chairman

Jan 22, 2008, By ELLIOT ZWEIBACH

BENTONVILLE, Ark. — Wal-Mart Stores here said Friday that John Menzer, vice chairman, will retire on March 1 after 12 years with the company. ...

IGA Names Three U.S. Retailers of the Year

Jan 22, 2008, By ELLIOT ZWEIBACH

CHICAGO — IGA here said it has chosen three members as U.S. retailers of the year: Mike Carper, of Mick or Mack IGA, Newscastle, Va.; Tim Henderson, Henderson's IGA, Valentine, Neb.; and Gregory Lukeman, IGA Bohemia, Bohemia, N.Y....

Kroger Adds Another $1B to Stock Buyback

Jan 22, 2008

CINCINNATI — Kroger here said Friday that its board of directors has authorized the retailer to repurchase up to $1 billion in company stock. ...

FTC Files to Block Further Wild Oats Closures

Jan 22, 2008

WASHINGTON — The Federal Trade Commission last week filed a brief with the U.S. District Court here seeking an injunction barring Whole Foods from closing any more Wild Oats stores or converting them to Whole Foods. ...

NGA to Host Screening of ‘Bagboy’ Movie

Jan 22, 2008, By ELLIOT ZWEIBACH

ARLINGTON, Va. — The National Grocers Association here said it will host an advance screening of "National Lampoon's Bagboy," a full-length feature movie, on Feb. 6 during its annual convention and supermarket synergy showcase in Las Vegas. ...

Delhaize to Step Up New Store Growth

Jan 18, 2008, By JON SPRINGER

BRUSSELS — On the heels of posting its best U.S. annual comparable-store sales gains in a decade, Delhaize Group here will step up store growth in fiscal 2008, particularly in its Food Lion division, the retailer said Thursday. ...

Economic Woes Seen Affecting Supermarkets Less

Jan 18, 2008, By ELLIOT ZWIEBACH

NEW YORK — Supermarkets and drug stores are expected to show relatively greater strength during the first half of 2008 than other retail segments, including home- and apparel-related businesses, which will be hurt by pressures on discretionary spending among most consumers, according to a report issued yesterday by Fitch Ratings here, a global credit ratings agency....