Trading Partners

FORT WORTH, Texas — A Thursday report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

Cybermart, an affiliate of Hon Hai Precision Industry Co., and RadioShack will open their first location in Shanghai in July. Additional locations are planned for mainland China, as well as Taiwan, Hong Kong and Macau.

MINNEAPOLIS — Best Buy founder Richard Schulze has decided to step down as chairman of the board in order to pursue other options for his ownership stake.

Fort Worth, Texas -- A Thursday report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

Cybermart, an affiliate of Hon Hai Precision Industry Co., and RadioShack will open their first location in Shanghai in July. Additional locations are planned for mainland China, as well as Taiwan, Hong Kong and Macau.

Atlanta -- The Home Depot on Wednesday expanded its share buyback plan for the year by $500 million and reaffirmed its full-year outlook.

The retailer said it now expects to buy back $4 billion of its shares and that the increase in its share repurchase plan would not have a material impact to earnings per share for 2012.

ATLANTA — Ahead of its investor and analyst conference, Home Depot has provided an update on its strategic priorities and long-term financial targets.

Home Depot's strategic goals include creating a stronger connection with customers and simplifying its business, improving merchandise assortment and value, improving shareholder value,and developing a competitive platform across all commerce channels.

DEERFIELD, Ill. — Walgreens on Tuesday posted May sales of nearly $6 billion, a decrease of 1.6% as compared with the same month in fiscal year 2011.

CINCINNATI — Kroger has joined other food retailers in moving towards a policy of only offering products made from gestation-crate-free pigs. The company announced that it has begun informing suppliers of a new policy statement regarding gestation crates that are used to house pregnant sows.

Bowling Green, Ky. -- Pan-Oston was awarded the Domino’s Pizza Teamwork Award for 2011 at its annual Supplier Summit. The award was in recognition of Pan-Oston’s  teamwork and execution of the New Image Counters, which the supplier engineered, manufactured and delivered within 90 days to six stores.

This is the second award given to Pan-Oston by Domino’s Pizza, the first award being the prestigious Partner Award for 2007.