Skip to main content

Consumer Affairs & Relations

  • Report: Former Wal-Mart chief sells 100,000 shares

    New York City -- Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

    Scott sold the shares for $57.17 each on average. He still owns about 607,000 shares directly, not including any options he may still have, the report said. Scott had not sold shares since March 2010, when he also sold about $5.7 million worth, according to InsiderScore.com.
     

  • Giant Eagle installs electric vehicle chargers at Pittsburgh-area stores

    PITTSBURGH — Electric vehicle charging stations recently opened at three Pittsburgh-area Giant Eagle stores, the retailer said.

    The EV charging stations, made possible by a collaborative effort through a Pennsylvania Department of Energy grant, now are in operation at the chain's Robinson Township, Township of Pine and Monroeville supermarkets.

  • A Christmas miracle on Black Friday

    New York -- The retail industry experienced a weekend that was a roaring success in terms of customer traffic, sales and another key metric that was overlooked: No one died! At least not in the gruesome fashion of a few years ago when a Walmart employee was trampled by an unruly mob as he opened the doors at a Long Island, NY, store on Black Friday. There was an incident this year involving an older man who collapsed at a Target store in West Virginia and later died at a hospital, but it was determined he had a pre-existing heart condition.

  • Consumer confidence up in November as holiday shopping gets in full swing

    NEW YORK — Heading into December, consumers are feeling more confident about the economy and that is good news for retailers who are hoping for a strong holiday shopping season. After declining in October, The Conference Board Consumer Confidence Index, improved to 56 in November from 40.9 in Ocober. The Present Situation Index increased to 38.3 from 27.1. The Expectations Index rose to 67.8 from 50.

  • Meijer founder passes away at 91

    GRAND RAPIDS, Mich. — Frederik Meijer, the founder of the supercenter retail chain of the same name, died Nov. 25. He was 91.

  • Playing the Privacy Card

    It seemed like such a great idea at the time. On Nov. 17, we reported that mall owner Forest City had hatched this innovative plan to monitor shopping patterns at two of its shopping centers by tracking patrons’ cell phones during the holiday 2011 season, beginning Black Friday.

  • Report: Indian leaders object to direct foreign investment

    New York City -- Five state leaders in India made clear over the weekend their unwillingness to let foreign retailers set up shop in the country, the Associated Press reported.

    Parliament adjourned Monday in an uproar over the issue and Communist Party-controlled trade unions have pledged to strike Thursday, the report said, and some politicians even threatened to burn down foreign stores that open under the new rules.

  • Family Dollar gets the Walmart treatment

    New York City -- Family Dollar hasn’t faced much community opposition during an ambitious decade-long expansion program that has left the company with roughly 7,000 stores in 45 states. However, there is a first time for everything and residents in the North Carolina community of Carrboro are pushing back against the retailer’s efforts to open a new store.

X
This ad will auto-close in 10 seconds