Strategy

The way we pay and with what has and will continue to change. “Retailers may soon find themselves trying to figure out the most efficient way to convert such things as Facebook credits into cash and back again,” according to Eddie Myers, president of the Electronic Transactions Association.

The Canadian consumer is a value conscious, “tough nut to crack,” who is already well-served by existing retailers, according to Diane Briesebois, president and CEO of the Retail Council of Canada, a trade association founded in 1963 that represents retailers that operate more than 45,000 stores and account for 85% of Canadian retail sales.

CAMP HILL, Pa. — Despite running fewer stores, Rite Aid grew its sales and narrowed its losses during the fourth quarter and fiscal year 2012, thanks to a boost in its loyalty card program membership, a longer fiscal year and the continuing dispute between Walgreens and Express Scripts.

While Walmart maintains its small format stores are still in pilot mode, Dollar General continues to open its 7,000-sq.-ft. units at a dizzying pace. DG recently surpassed 10,000 units and has plans for 625 new stores this year with a long term goal of doubling in size. Expanded offerings of food and consumables and sharp prices on national brands present a serious threat to customer traffic at supercenter.

Plenty of televisions in Northwest Arkansas will be tuned to CNBC the evening of April 26. That’s when the financial news network airs a one-hour special called, “The Costco Craze: Inside the Warehouse Giant.”

CNBC has turned its cameras on Walmart in the past, twice actually, and more recently Best Buy and Target. Previews for the show on Costco promise to uncover the science and secrets behind the Costco craze.

The Network of Executive Women announced that Walmart U.S. chief operating officer Gisel will be a featured speaker at the organization’s sixth annual Network of Executive Leaders Forum to be held July 31 through Aug. 2 at the Terranea Resort near Los Angeles.

Seattle -- Nordstrom Inc. revealed Thursday that it is leading a $16.4 million investment round in online men’s apparel brand Bonobos. The announcement follows last year’s purchase of online private sale site HauteLook, giving Nordstrom another leg up in the e-commerce arena.

Nordstrom is selling the Bonobos label's clothing at its stores and online. Bonobos is the largest apparel brand launched on the internet in the United States.

Washington, D.C. -- Figures released Thursday by the Labor Department showed that more Americans than forecast filed applications for jobless benefits last week, reinforcing concern that the labor-market recovery will be slow to develop.

Consumer confidence, however, has held up, as the Bloomberg Consumer Comfort Index was minus 32.8 in the period ended April 8, second only to the prior week’s minus 31.4 as the highest since March 2008.

Bentonville, Ark. -- Wal-Mart executives, at its Thursday webcast of its 2012 International Conference for the investment community, said its emphasis in international markets will be on improving results in existing markets as opposed to focusing on entering new territories.

"Our focus this year in particular has been on improving returns with our existing businesses," said Doug McMillon, CEO of Walmart International. He said the company is working on the key markets of China and Brazil.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the fourth quarter to $163.8 million, from a loss of $205.7 million in the year-ago period.

Revenue rose 10.7% to $7.15 billion from $6.46 billion, beating Wall Street’s expected $7.12 billion in revenue. Same-store sale increased 3%.

For the full year, Rite Aid reported a loss of $368.6 million and revenues of $26.1 billion.