Content about Commerce

January 30, 2013
Most Canadian retailers ready for penny phase-out

Most retailers in Canada are ready for a phase-out of one-cent coins, a national retailing trade group said.

January 24, 2013
Management shakeup at 99 Cents Only Stores; CEO out

The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles.

January 4, 2013
Traffic Intelligence: The Science of Shopper Conversion

By Craig Szklany and Mark Stier, Tyco Retail Solutions

December 27, 2012
Focus on: Loss Prevention

Total losses attributed to retail shrinkage hit $34.5 billion last year, “positioning retail crime as the largest form of property crime,” according to Dr. Richard Hollinger, professor of criminology, law and society, University of Florida, Gainesville, Fla. And it shows no signs of easing anytime soon. Indeed, the rate of shrink remains on a five-year climb, according to the Loss Prevention Research Council (LPRC), Gainesville, Fla.

November 27, 2012
The Cash Office Goes High-Tech

Traditionally, cash office management and the reconciliation process have relied on manual procedures, such as counting currency and coin by hand, creating handwritten check deposits, and keying totals into the POS system. Many retailers have used the same cash office procedures for years, with the procedures inconsistently executed from store to store. Chain Store Age talked with Balance Innovations’ Janette Davis about how technology is bringing new efficiencies to cash office management.

September 26, 2012
SoloHealth Stations to roll out in Sam's Club locations nationwide

Sam's Club has become the first warehouse club retailer to install SoloHealth's comprehensive health-and-wellness screening kiosks, SoloHealth announced.

August 22, 2012
Report: Rona dealers critical of Lowe’s offer

A group of Rona Inc.'s dealers on Wednesday released an open letter on Wednesday that criticized the proposed takeover of the Canadian home-improvement retailer and distributor by Lowe’s Cos., Reuters reported.

August 21, 2012
McDonald’s, PayPal testing mobile payments

McDonald’s Corp. is testing a mobile payments service with PayPal in 30 McDonald’s locations in France.

August 20, 2012
Supervalu names president of Shoppers

Supervalu announced that Robert Bly will join the company as president of Shoppers Food and Pharmacy, a 56-store chain in the Baltimore, and Washington, D.C., market.

August 15, 2012
Wal-Mart Mexico hit with new tax and money-laundering allegations

Multiple reports revealed that Wal-Mart Stores’ Mexican arm has been leveled with new allegations concerning tax evasion and money-laundering schemes.

July 31, 2012
Canadian home-improvement chain rebuffs Lowe’s offer to acquire

Lowe’s Cos. confirmed a July 8 proposal to acquire Canadian home-improvement and hardware retailer Rona, but said the Quebec-based chain rejected the $1.9 billion offer.

July 25, 2012
Two R.I. Shaw's stores achieve zero-waste landmark

Supervalu banner Shaw's announced that two of its Rhode Island locations diverted more than 90% of store waste from local landfills as part of the company's zero-waste program.

July 19, 2012
Moody’s on Credit Card Interchange Fee Settlement

The July 13 settlement of a lawsuit over allegedly fixed credit card interchange fees is a credit positive for the two largest industry players Visa and Mastercard, but will have a smaller impact on merchant acquirers, retailers and banks, said Moody’s Investors Service in a new special comment "Credit Card Interchange Fee Settlement is Credit Positive For Visa, MasterCard."

July 19, 2012
Safeway profit slips in Q2; on track to open 10 Lifestyle stores in 2012

Safeway Inc. reported that profit for the second quarter dropped to $121.7 million from $146 million in the same period last year.

July 13, 2012
CBRE: Hong Kong and New York are world’s most expensive retail destinations

Hong Kong is the world’s most expensive retail destination, with retail rents at $3,864 per square foot, according to the quarterly rankings of global retail rents from global property advisor CBRE Group.

July 12, 2012
Carrefour sales fall, reaffirms profit expectations

French retail giant Carrefour reported that sales in the second quarter dipped 0.3% to $26.5 billion, beating analysts’ expectations and prompting the retailer to issue earnings guidance to match 2012 expectations of $2.5 to $2.6 billion.

July 12, 2012
Supervalu Q1 profit plunges, initiates strategic review

Grocery giant Supervalu Inc. reported for the quarter ended June 16 plummeted 45% to $41 million, compared with $74 million in the year-ago period.

July 10, 2012
Wal-Mart de Mexico June sales rise 5.3%

Walmex, Mexico’s largest retailer, reported that same-store sales for the month of June rose 5.3%.

July 2, 2012
Report: Tesco could exit U.S. if Fresh & Easy doesn’t improve

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, RetailWeek and other British news organizations reported.

June 26, 2012
Best Buy launches Best Buy Mobile in Five Star stores in China

Best Buy announced it is expanding the Best Buy Mobile brand and store-within-a-store concept into 14 Five Star stores throughout Nanjing, China, this summer.

June 21, 2012
Wal-Mart Mexico cuts 2012 store openings as new procedures delay process

Wal-Mart Stores’ Mexico subsidiary said that new store openings for 2012 will be cut from the originally planned 410 to 430 stores to 325 to 335, due in large part to added real estate documentation procedures.

June 18, 2012
Tesco to leave Japan

Tesco PLC is leaving the Japanese retail market after nine years.

June 15, 2012
Carrefour to exit Greece

Carrefour SA said it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

May 22, 2012
Legal expert joins Sears Canada board

Sears Canada has named Don Ross to its board of directors, effective immediately.

May 17, 2012
Sears Holdings swings to profit in Q1, to spin off minority stake in Sears Canada

Sears Holdings Corp. reported that it generated a profit of $189 million for the quarter ended April 28, after losing $170 million in the same period last year.

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