Content about Economy of the United States

May 15, 2012
Kohl’s, Nordstrom, Target and Walgreens tops in Harris poll

Kohl’s, Nordstrom and Target ranked first in their categories in a new survey by Harris Interactive. The 2012 Harris Poll EquiTrend (EQ) study surveyed Americans about brands across several retail segments, revealing which brands prompted them to open their hearts—and consequently—their pocketbooks.

May 15, 2012
Walmart throws weight into home improvement

The world’s largest retailer is taking steps to display its home improvement prowess through a digital marketing campaign centered on a “Projects Made Simple” area at Walmart.com.

May 11, 2012
CVS Caremark discusses growth at annual stockholders meeting

CVS Caremark held its annual meeting of stockholders at its headquarters on Thursday, and the tone attendees heard was a positive one.

May 11, 2012
Here come the comps - data sharing era begins

Walmart’s view of the shopper is a whole lot clearer now that the company has resumed sharing point-of-sale data with the likes of Nielsen, SymphonyIRI Group and NPD. No wonder chief merchant Duncan Mac Naughton and consumer insights head Cindy Davis expect good things to happen.

May 11, 2012
Wal-Mart Stores falls on Fortune list

Wal-Mart Stores fell to the number two spot on the Fortune 500 list after holding the number one spot for two years. It was ousted by Exxon Mobil, which benefitted from rising oil prices.To see the full list, click here.

May 9, 2012
Walmart, Sam's Club offer opportunity to support children's charity

Walmart and Sam's Club is offering customers and members the opportunity support the Children's Miracle Network.

May 3, 2012
Macy’s, Kohl’s, Costco fall short of expectations in April

Macy's Inc., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April.

April 25, 2012
Castro-Wright resigns from MetLife board to focus on ‘protecting good name’

Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

April 24, 2012
Walmart creates new role to handle bribery allegations

Amidst allegations of bribery at its Mexican affiliate, Wal-Mart Stores has created a new position.

April 23, 2012
Wal-Mart’s Mexican unit hit by bribery scandal

Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas.

April 18, 2012
Sears completes sale of 11 properties to General Growth

Sears Holdings Corp. said Tuesday that it completed the $270 million sale of 11 full-line Sears store locations to General Growth Properties.

April 17, 2012
Supervalu names new heads for Albertsons, Acme and Cub Foods

Supervalu has made three new executive appointments following the departure of Sue Klug, president of its Albertsons Southern California division.

April 13, 2012
Jimmy Choo CEO named president of Bergdorf Goodman

Neiman Marcus Group announced that Joshua Schulman has been appointed president of Bergdorf Goodman, effective May 7.

April 13, 2012
McMillon balances freedom and framework internationally

More framework and less freedom is how Walmart International president and CEO Doug McMillon described the subtle shift occurring within a $126 billion division where he is looking to drive improved performance with a “powered by Walmart” approach.

April 13, 2012
The international appeal of retail basics

Walmart should shorten its checkout lines and improve the store experience in Canada prior to the arrival of Target next spring. That was the advice of Diane Briesebois, president and CEO of the Retail Council of Canada who spoke Wednesday at a dinner in Toronto, which preceded Walmart’s annual international meeting for the financial community.

April 11, 2012
Dollarama thrives as it awaits more U.S. competition

Dollar stores in the United States have seen much success in recent years (check out Retailing Today's report on Dollar General here) and they appear to be doing just as well north of the border.

April 10, 2012
Former Giant Eagle CFO takes talents to Family Dollar

Family Dollar Stores has named Mary Winston to the position of EVP and CFO.

April 10, 2012
Market Track: March 2012

In March there was a decline in the number of circulars overall, however, pages per flyer increased. The increase in pages was primarily due to a significant increase in Walmart and Toys"R"Us page counts. Much of the promotional activity was driven by Easter falling earlier in April as compared to 2011.

April 5, 2012
Walmart empowers women factory workers

Walmart is offering the women who work in the factories that supply its products the chance for a better life with lessons in such critical life skills related to communication, hygiene, reproductive health, occuputational health and safety and gender sensitivity.

April 5, 2012
Walmart gives away nearly $1 billion in 2012

As a large, profitable retailer, Walmart is expected to give back. While many could argue it could do more, the company gave away $958.9 million in cash and in-kind contributions around the globe during the fiscal year ending Jan. 31.

April 4, 2012
Competition from Amazon grows

Amazon wasn’t always a threat to Walmart, but as the only retailer grows and offers more of the same products as traditional mass retailers, it has become hard to ignore. This article from Businessweek examines how Amazon has influenced Walmart’s approach to online.

 

 

 

April 4, 2012
Walgreens VP to replace Walmart SVP as NEW chair

Catherine Lindner, Walgreens VP retail marketing, has been named vice chair of the Network of Executive Women, the association announced Tuesday.

April 4, 2012
Walmart supports sustainable cotton

Walmart has joined Adidas, H&M and Levi’s a member of the Better Cotton Initiative’s Fast Track program to encourage the production and purchase of sustainable cotton. For its part, Walmart will give $650,000 in grant money to help cotton farmers become more efficient and eco-friendly in their production. Read more.

March 30, 2012
2012 could be the year (finally) for apparel sales improvement

It seems like forever that that Walmart has been describing the performance of its apparel department as “a work in progress,” but this could be the year things turn around thanks to a number of factors working in the company’s favor.

March 30, 2012
CVS names new head of pharmacy benefit management business

CVS Caremark outlined succession plans for its pharmacy benefit management business as EVP and COO Jon Roberts will assume the role of president of the PBM business, effective Sept. 1.

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