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Corporate Governance

  • Kroger’s winning ways continue in Q2

    Cincinnati -- For almost 12 years, Kroger has reported same-store sales growth every quarter. And they did it again Friday.

    The supermarket giant reported net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.
     

  • Report: Florida Walmart stores to serve up fast-food formats

    Bentonville, Ark. – Five Walmart stores in central Florida are reportedly getting ready to serve the needs of hungry customers.

  • Rite Aid gives $1.3M toward educating children of vets

    Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.

  • Global retail event names ‘Retailer of the Year’

    New York -- Alibaba, the Chinese e-commerce giant, was named “Retailer of the Year” at the World Retail Awards gala dinner in Rome, Italy.

  • Kroger bags another impressive quarter of growth

    For nearly 12 years, Kroger has reported sames-store sales growth every quarter. And they did it again Friday when they reported a jump in sales, as well as an increase in profit for the second quarter.

  • Three dream tenants for American Dream

    New York -- The long-delayed, controversial American Dream retail-entertainment destination in the Meadowlands in East Rutherford, New Jersey, has snared three high-profile tenants.  

    Hudson's Bay Company announced that three of its store brands — a 131,906 sq. ft. Saks Fifth Avenue, a 119,605 sq. ft. Lord & Taylor, and a 30,000-sq.-ft. Saks Off 5th — will be among the three million-sq.-ft. mega-center’s tenants. It is the first time Hudson’s Bay has housed all three of its U.S. banners in one location.

  • Top Kroger exec joins 99 Cents Only

    In another indication of its growth aspirations, 99 Cents Only named a former high ranking Kroger executive president and CEO just months after the retailer tapped former Walmart executives to fill the head merchant and CFO roles at the 389-store retailer.

  • Report: eBay to launch Amazon Prime-styled program

    New York -- eBay is about to launch a shipping club that seems somewhat fashioned after Amazon Prime — but it’s not starting out in the United States.

    The company will debut its shipping program in Germany, The Street reported. Called eBay Plus, it will reportedly cost 19.90 euros (about $22) a year and will allow buyers to receive certain orders within two days plus free returns.

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