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April 19, 2012
Tesco to focus on profitability before U.S. expansion

LONDON — The break-even forecast for the U.S. division of Tesco has been pushed back to early next year, the U.K. retail giant announced in its fiscal-year results.

April 9, 2012
Safeway names new president

Safeway has named Robert Edwards president of the company. Edwards has served as Safeway's EVP and CFO since 2004.

April 5, 2012
Dick's gets in the U.K. sporting goods game

Dick's Sporting Goods is looking into opportunities beyond the United States and has agreed to make a 20 million pounds Sterling strategic investment in JJB Sports plc, a leading U.K. sports retailer.

April 3, 2012
TJX raises quarterly dividend

TJX's board of directors has raised the company's quarterly dividend by 21% from the last dividend paid.

March 29, 2012
Asda gaining grocery share in U.K.

Wal-Mart Stores is making strides across the Atlantic, as its Asda division is taking more of the grocery market share in the United Kingdom from rival Tesco.

According to a report from research firm Kantar Worldpanel, for the 12-week period ended March 18, Asda's share of the market grew to 17.9% on top of a year-over-year growth rate of 7.8%. By comparison, Tesco's growth rate of 2.7% lags behind the overall grocery market, which is growing at 4%.

March 29, 2012
Best Buy invests in small formats to cut big costs

In a move to tighten its footprint and reduce costs, Best Buy Co. said Thursday it will close 50 of its signature big-box stores and open 100 of its small mobile locations in the United States in fiscal 2013.

March 29, 2012
eBay names new PayPal president

eBay has named David Marcus president of its PayPal online payment provider division, effective April 2.

March 29, 2012
Target confirms location of 12 Quebec debut stores

Target has revealed the locations of its first 12 stores in Quebec. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

March 5, 2012
Sears Canada stores closing in three major cities

TORONTO — Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.

February 23, 2012
More comps declines at Sears and Kmart

Sagging sales and declining profits plagued Sears Holdings during the fourth quarter as the company posted a $2.4 billion loss and announced several measures to bolster its balance sheet.

February 14, 2012
Survey: Sam's Club and Publix tops in customer experience

Research results released Tuesday by Temkin Group, which rates the customer experience of 206 large companies across 18 industries, showed that only eight companies deliver excellent customer experience: Sam's Club and Publix led the pack, followed by Starbucks, Subway, Chick-fil-A, Aldi, Winn-Dixie, H.E.B., and credit unions.

February 13, 2012
Weis to buy three Genuardi's from Safeway

Weis Markets on Monday announced it has entered into an agreement to purchase three Pennsylvania-based Genuardi's stores from Safeway.

February 8, 2012
eBay brands itself a fashion advocate

Counterfeit apparel and accessories has gotten so close to the original that even the most discerning customer often can't tell the difference.

February 7, 2012
Supervalu implements "strategic" job cuts

Supervalu continues to implement its strategic plan to remove permanent expenses and cut down operating costs with plans to reduce its national work force by an estimated 800 positions.

February 7, 2012
Walmart Canada goes on offensive ahead of Target arrival

Wal-Mart Stores isn’t about to let the grass grow under its feet in Canada.

February 7, 2012
Walmart's Foran heads to China

Walmart's Greg Foran will be packing bags and heading to China.

January 31, 2012
Apple bites off European retailer for new leadership

Apple Monday named a replacement for former retail head Ron Johnson, who left the company last year to become CEO of JCPenney.

January 30, 2012
Carrefour selects retail veteran as new CEO

Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

January 30, 2012
Online data reveals final holiday tally

It was a record year for online sales this past holiday season, but Target saw others experience stronger growth, according to the most recent site visitation statistics from online measurement firm comScore.

January 30, 2012
Safeway names president of Von's division

Safeway announced that it has named Lori Raya president of its Vons Division.

January 26, 2012
Asda invests big in 2012

Asda, Walmart’s U.K. subsidiary, has big plans for 2012 that include investing more than £500m ($784 million) in its stores in 2012.

January 23, 2012
There's no whining in retail

A letter that surfaced last week from Target executives to the company’s suppliers brought back memories of Tom Hanks signature line from the movie A League of Their Own about how there is no crying in baseball.

January 20, 2012
Long-time Safeway exec retires

Safeway announced Friday that Tom Keller, president of the company's Vons Division, will retire after more than 40 years of distinguished service in the food industry.

January 3, 2012
Best Buy issues statement regarding online order cancellations

After a slew of online orders were cancelled in November and December when Best Buy couldn’t keep up with demand, the company issued the following statement last week:

January 3, 2012
Dismal sales forces Sears Holdings hand

Sears Holdings last week announced that it will close between 100 and 120 underperforming Sears and Kmart stores, following dismal holiday sales results for the brands.

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