Chain Store Age

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Target increases dividend by 19.4% (DayBreaker, News, Finance)

Wed, 06/12/2013 - 4:45pm

The Target board of directors demonstrated confidence in the company’s cash generating capabilities on Wednesday and agreed to up the company’s quarterly dividend 19% to 43 cents a share.
Tom Cruise makes surprise appearance at Wal-Mart annual meeting (DayBreaker, News, Operations)

Mon, 06/10/2013 - 9:15am

Wal-Mart Stores held its annual shareholders meeting on Friday morning and the most noteworthy development at the event — aside from a $15 billion share repurchase authorization — was a surprise appearance and glowing comments by Hollywood heavyweight Tom Cruise.
Walmart looks to e-commerce for growth (e-Commerce, News, Technology, Operations)

Wed, 05/01/2013 - 5:20pm

Walmart is emphasizing e-commerce for growth, said Neil Ashe, the chain’s president and CEO of global e-commerce, said during an investor presentation Wednesday morning. 
Renewable energy usage a competitive advantage for Walmart (Newsletter: Specs Talk, News, Store Planning / Construction / Facilities)

Mon, 04/15/2013 - 4:57pm

Walmart is eyeing greater energy efficiency and less reliance on fossil fuels as key drivers of its low cost, low price business model.
Walgreens profit rises in Q2; unveils blockbuster partnership (Finance)

Tue, 03/19/2013 - 10:30am

Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.
Scott Kennedy named president of Target financial and retail service (Human Resources, News, Finance, Operations)

Thu, 03/14/2013 - 10:29am

Scott Kennedy was named president of Target financial and retail service to replace long time finance executive Terry Scully.
Wal-Mart tops Q4 profit estimate despite lackluster sales (Finance)

Thu, 02/21/2013 - 10:28am

Walmart overcame a meager 1% same stores sales increase at U.S. stores to deliver better than expected fourth quarter profits on Thursday.
Burd resigns as Safeway chairman, CEO (Exclusive News Alert, Human Resources, News, Operations)

Thu, 01/03/2013 - 12:27pm

The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.
Target and Sam’s Club execs team up at RadioShack (Exclusive News Alert, Human Resources, News, Operations)

Wed, 12/19/2012 - 11:46am

Former Target EVP stores Troy Risch and former Sam’s Club senior VP and general merchandise manager Huey Long have joined RadioShack.
New York Times: Wal-Mart used payoffs in Mexico (Exclusive News Alert, News, Finance, Operations)

Tue, 12/18/2012 - 11:31am

Wal-Mart Stores’ ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

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