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Walmart.com CEO Joel Anderson to Step Down

Walmart's United States website chief executive Joel Anderson will step down. He will be succeeded by the company's Latin America's ecommerce CEO Fernando Madeira according to a company memo seen by Reuters.Prior to Walmart, Madeira was the Co-Founder and...

Roundy’s, Inc. Agrees to Sell 18 Rainbow Stores

Roundy’s, Inc., a grocer in the Midwest, has announced entering definitive agreements to sell 18 Rainbow stores in the Minneapolis/St. Paul market to a group of local grocery retailers, including Supervalu.The aggregate sale price for the 18 Rainbow stores...

Snack to the Future

Healthier snacks show no signs of slowing down. “Since 2004, the number of consumers categorised as ‘healthy snackers’ has grown from 29 million to 41 million, or from 14 percent to 18 percent of the population,” notes Rockville, Maryland-based...

Electronic Shelf Talkers

Shelf talkers and other POP material are creating significant shopper experiences in a number of innovative ways.Today’s supermarket customers have an appetite for more information such as nutrition, alternative product usage ideas, product benefits and — most importantly —...

Supervalu profit tops Street view

Supervalu Inc's quarterly profit topped Wall Streets expectations despite sagging sales as the third-biggest U.S. supermarket chain trimmed expenses in a drive to catch up to rivals.Supervalu shares rose 9.2 per cent to $9.30 in midday trading."Results were better...

Best Buy to downsize brick-and-mortar footprint

Amid weak sales and growing online competition, Best Buy plans to sublease space at its stores to smaller retailers, joining the ranks of big-box giants that are shrinking store sizes.When it comes to retailing, big is not so beautiful...

Target eyes $6B in annual Canadian sales

U.S. retail giant Target Corp. expects to generate at least $6 billion in annual sales in Canada in as little as six years as it makes its first foray into a foreign market.Chief financial officer Douglas Scovanner also said...

Target to open small-format store in Chicago landmark

Minneapolis-based Target Corporation has recently announced the launch of a new store in Chicago. The small-format store will be the first store in a US historic landmark – the newly restored Carson Pirie Scott building, now known as Sullivan...

Tony Fisher becomes president of Target’s Canadian operations

Minneapolis-based Target Corporation has named Tony Fisher as the president of its Canadian operations. In this position, Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation’s recently announced expansion...
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Latest News

Kalyan Jewellers opens two stores in Delhi

The stores located at Kohat Enclave in Pitampura and Sector 7, Rohini were inaugurated by Bollywood actor Nora Fatehi New...
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