Retail Financial Archive
Sears to Reorganize Business Groups
HOFFMAN ESTATES, Ill. — Sears Holdings here on Wednesday confirmed plans to reorganize its business into five separate units, including a real estate group. ...
Loblaw Due for Management Change: Analyst
TORONTO — Loblaw Cos. here has been suffering from widespread out-of-stocks and capital underinvestment and could soon see a shift in top management, according to a report by an analyst also based here....
Homeland Said to Market Wichita Stores
OKLAHOMA CITY — Homeland Stores here may be selling its locations in Wichita, Kan., according to a local newspaper report....
Wegmans, Others Among Fortune’s ‘Best Employers’
NEW YORK — Wegmans Food Markets retained its position as the No. 3 firm for the second consecutive year on Fortune magazine’s list of the 100 Best Companies to Work For....
L.A. Seeks Reduction in Plastic Bag Use
LOS ANGELES — The County Board of Supervisors here was scheduled to vote yesterday on a proposal for the industry to voluntarily reduce plastic bag usage by 2010 or, if the reduction rate does not meet the benchmarks set by the board, to ban plastic carryout bags outright at large supermarkets and retail stores....
NGA to Host Screening of ‘Bagboy’ Movie
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. ...
Menzer Set to Retire as Wal-Mart Vice Chairman
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
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
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
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. ...
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