Content about Company Competitor

May 2, 2012
CVS raises guidance on solid Q1 performance

CVS Caremark’s president and CEO Larry Merlo told analysts Wednesday morning that he was “very pleased” with its first quarter, as results across both the retail and pharmacy benefit management segments came in at the high end of expectations and its integrated assets continue to demonstrate success and improve patient lives.

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%.

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.

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.

November 17, 2011
Slow new software sales play down GameStop comps

GameStop reported that total sales for the third quarter of 2011 were $1.95 billion, an increase of 2.5% compared with $1.9 billion in the prior year quarter.

August 17, 2011
Staples results reflected limited improvement in economy

It has been a rough couple years for retailers, and no segment has been hit harder than office products, which has suffered a double whammy from the downturn in consumer and business spending.

August 4, 2011
Apparel retailers have mixed results in July

NEW YORK — The nation’s specialty apparel retailers reported mixed results in July, as Hot Topic and Limited Brands turned in strong performances, while Gap and Aeropostale stumbled.

 Hot Topic said its same-store sales rose 7.3% in July. far exceeding the 0.5% rise in analysts’ forecast. Hot Topic said the measure rose 6.2% at its namesake stores and rose 11.8% at its plus-sized Torrid division. The teen retailer also raised its second-quarter outlook.

July 26, 2011
Walmart.com swims the video stream

SANTA CLARA, Calif. — Blockbuster and Netflix may face new competition from Walmart, as the retailer announced that it will launch digital online movie rental and video streaming through its acquired Vudu service. 

The retailer is now offering 20,000 titles that can be viewed on almost any device with Internet access, from PCs to televisions to Sony's PlayStation3 and other Blu-Ray disc players.

July 19, 2011
Mark Tuffin takes reins at Smith's

Kroger banner Smith's has a new president.

July 5, 2011
Target makes another move in Canada

The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing.

April 18, 2011
A middle of the pack ranking for pharmacy

Target was in the top half of a group of 33 pharmacy retailers ranked by readers of Consumers Reports in the publication’s May issue. Target’s pharmacy received a score of 88 out of a possible 100, which put it well ahead of larger pharmacy operators such as CVS and Walgreens, both of which scored 82 and last-ranked Walmart, which scored 78.

April 6, 2011
Study reveals Walmart is least loved on social media

Walmart has endured its fair share of criticism in the press, and now a new study reveals that the world's largest retailer has garnered some negative views in the realm of social media.

April 4, 2011
Report: Blockbuster battle begins

Several bidders, including Dish Network Corp. and billionaire investor Carl Icahn, are ready to battle for Blockbuster at a bankruptcy auction in New York on Monday, the Associated Press reported.

April 1, 2011
GameStop boosts streaming technology and distribution offerings

GameStop has acquired Spawn Labs, a streaming technology company. In addition, GameStop announced it has entered into an agreement to purchase Impulse, a subsidiary of Stardock Systems, and a leader in digital distribution.

February 3, 2011
BJ’s Wholesale placed on sales block

WESTBOROUGH, Mass. — After months of speculation, BJ's Wholesale Club early Thursday morning confirmed the company has decided to explore and evaluate strategic alternatives. Coupled with that announcement was a positive sales story for the year.

February 3, 2011
Safeway ups expansion

Safeway will combat an aggressive crop of new rivals with an expansion that includes nine stores in the West, of which six will be in the San Francisco Bay area, according to the Oakland Tribune.

January 21, 2011
CVS scraps plans to hire Mullany

CVS Caremark has pulled the plug on its plan to hire former Walmart exec Hank Mullany, and is handing the keys to its retail business on an interim basis to Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, who will assume management for the company’s 7,100-plus stores.

January 20, 2011
CVS resumes search for new retail president

CVS Caremark Corp. said it is resuming its search for a new president of its pharmacy operations in view of Wal-Mart Stores’ lawsuit to block its previous choice.

January 18, 2011
CVS' Bloom, Baker to lead chain's retail business on interim basis

CVS Caremark has appointed interim leadership for its retail business with Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, taking over the management of the retail business for its 7,100 stores nationwide.

January 17, 2011
Walgreens names chief customer experience officer, promotes three executives

Walgreens announced several executive appointments Monday, which included naming a former United Airlines executive to the post of chief customer experience officer.

December 16, 2010
Judge blocks former Wal-Mart exec from CVS job

A Delaware judge on Wednesday barred a former top executive for Wal-Mart Stores from taking a job as president of CVS Caremark Corp. until a trial is held on Wal-Mart's claim that the executive signed a noncompete agreement that prevents him from working for CVS. The trial is scheduled for early March.

October 19, 2010
Sudhoff to lead Henkel Consumer Goods

Henkel AG & Co. KGaA, located in Dusseldorf, Germany, announced that Stefan Sudhoff, corporate SVP...

September 6, 2010
Early read says Kindle is the holiday item

Target was the first brick-and-mortar retailer to offer Amazon.com’s popular Kindle earlier this year,...

July 11, 2010
Charming Shoppes names president of Lane Bryant division

Charming Shoppes has announced the appointment of Marla Anderson as the president of its Lane...

June 16, 2010
Stein Mart re-elects directors

Shareholders of Stein Mart elected twelve members of the company’s board of directors at the...

© 2012 Retailing Today. All Rights Reserved.