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  • Walmart U.S. CEO Bill Simon steps down; to be replaced by CEO of Walmart Asia

    Bentonville, Ark. -- Wal-Mart Stores announced that Bill Simon, president and CEO of Walmart U.S. since June 2010, is leaving the company. He will be replaced by Greg Foran, 53, president and CEO of Walmart Asia, who will take up the post on Aug. 9, reporting directly Wal-Mart president and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.

  • Von Maur’s new store in Oklahoma is designed for hazardous weather

    Davenport, Iowa -- Von Maur Department Stores will open its 30th store, at Quail Springs Mall in northern Oklahoma City, on Oct. 18. The split-level, 150,000-sq.-ft. store will be the company's first location in Oklahoma.

    Located at the mall's former Sears location, the store will undergo a complete remodel in order to feature Von Maur's signature exterior brick facade, which includes arching entryways accented by copper cupolas.

  • Report: Dick’s Sporting Goods lays off 478 golf pros

    Pittsburgh – Dick’s Sporting Goods Inc. has reportedly laid off 478 PGA golf pros who were providing in-store services such as golf lessons and club repairs. According to Fox Business, Dick’s made the cuts as golf sales and participation rates decline.

  • Rite Aid appoints new CFO

    Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

    Karst will be responsible for all aspects of the company’s finance, accounting, treasury, tax, investor relations, legal, risk management, internal assurance and asset protection functions.

  • Supervalu profit plummets in Q1 on lost tax benefit

    Eden Prairie, Minn. – The loss of a large tax benefit caused Supervalu’s net income to plummet 49% in the first quarter of fiscal 2015 to $43 million from $85 million in the year-ago period.

    Revenue slipped to $5.23 billion from $5.24 billion.

  • ‘Solid’ start in fiscal 2015 for Supervalu

    Supervalu posted $5.23 billion in net sales for the first quarter, a decrease of 0.1% from $5.24 billion last year; but president and CEO Sam Duncan expressed confidence in the company’s performance, saying it is off to a solid start across business segments.

    “Our first quarter results reflect the investments we are making this year to position the company for future success and I am pleased with our operating performance,” said Duncan.

  • New kid Foran pushes out old guard at Walmart U.S.

    By Sandy Skrovan, U.S. research director at Planet Retail

  • Greg Foran new CEO at Walmart U.S. as Bill Simon departs

    Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.
     

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