Strategy

Minneapolis – Supervalu Inc. beat Wall Street expectations for profit in the first quarter of fiscal 2016 and also announced it is considering spinning off its Save-A-Lot grocery banner. Net earnings soared 42% to $61 million, from $43 million in the same quarter the prior fiscal year.

Cost of sales rose at a slower pace than net sales, aiding profit growth. Net sales rose 3% to $5.41 billion, from $5.26 billion.

Columbia Sportswear’s retail aspirations arrived in South Florida in the form of a new 5,600-sq.-ft. concept store called Performance Fishing Gear.

Amazon is going to make it very easy for startups to launch, market and distribute their products to hundreds of millions of Amazon customers across the globe.

The retailer is launching a program called Launchpad, which offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package, and access to Amazon’s global fulfillment network, all geared toward helping startups successfully launch their innovations and share their stories.

Supervalu Inc. said it is considering spinning off its Sav-A-Lot stores into a separate business as the discount chain reported a big earnings increase for the first quarter.

Net earnings soared 42% to $61 million, from $43 million in the same quarter the prior fiscal year. Cost of sales rose at a slower pace than net sales, aiding profit growth. Net sales rose 3% to $5.41 billion, from $5.26 billion.

Wayfair is forming a partnership that aims to meet the basic needs of its core customers.

TigerDirect is giving business owners a chance to have their most pressing business growth questions answered by an expert.

The retailer is sponsoring a contest featuring Kevin O'Leary, an entrepreneur, investor, journalist, and financial commentator who is most famous for being a "Shark" investor on the ABC reality television series Shark Tank.

The CEO of Big 5 Sporting Goods Corp. says sales and earnings are growing at the California-based retailer despite the recreational impacts of the drought in that state.

Kohl’s is looking to mold the minds of the next generation of retailers with an innovative new program for students.

New York -- In its latest round of housecleaning, eBay is killing same-day deliveries and three mobile apps.

The company on Monday said it is shutting down eBay Now, a three-year-old service that allows customers to buy items from local sellers and then have the goods delivered as soon as the same day. The service, the company’s answer to the fast-growing on-demand delivery market, never really took off.

Toronto -- Lowe's Canada announced the appointment of Gregor Stuart to the new position of VP, supply chain, effective July 27.

Gregor joins Lowe's Canada with over 25 years of supply chain and logistics experience in the retail industry. He has held various senior roles with prominent Canadian retailers including Loblaw Companies Limited, The Bargain! Shop, Hudson's Bay Company, Canadian Tire Corporation LTD and National Grocers Co.