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  • Walmart CEO McMillon sees growth in China

    Walmart CEO Doug McMillon was in Beijing on Wednesday, where he put a finer point on a previously announced international expansion plan that will include a blend of 115 new stores, remodels and select closures in the world’s second largest economy.

    McMillon and Walmart Asia CEO Scott Price participated in a press conference in Beijing, where the emphasis was on the retailer’s physical expansion in a market where overall economic rates of growth have been decelerating with little mention of e-commerce.

  • Roche Bros. opens Boston flagship

    Wellesley, Mass. - Regional grocery chain has opened its flagship Downtown Crossing Boston supermarket in the newly restored Burnham Building. Roche Bros. is the first large-scale grocery store to be built in Boston's Downtown Crossing.

  • Wal-Mart to build 115 new stores in China by 2017, upgrade 50 this year

    Beijing, China -- Wal-Mart Stores Inc. unveiled plans to countermand slowed growth in China with 115 new stores in the country by 2017 and creating some 30,000 jobs. The announcement adds about 35 new stores to the retailer’s building plans as Wal-Mart previously targeted 480 total stores in China by 2016, up from around 400 now.

    CEO Doug McMillon said in a statement that "China is a key strategic market for Walmart. Over the next three years we will increase investment across our diverse business operations in China.”

  • Target names Ecolab CEO as lead independent director

    Minneapolis – Doug Baker, CEO of environmental technology firm Ecolab, has been named by Target Corp. as lead independent director of the Target board. Baker, who already serves as an independent director for Target, will replace current independent director Jim Johnson, who is retiring from the board in June after almost 20 years.

  • J.C. Penney taps consumer marketing exec as CMO

    Plano, Texas -- J.C. Penney Company has named consumer marketing executive and board member Mary Beth West as executive VP and chief customer and marketing officer, effective June 1. She replaces Debra Berman, who resigned as CMO after less than two years with the retailer.  West will be stepping down from the board to assume the new role.

  • Big 5 kicks off year with big Q1; plans 10 new stores

    El Segundo, Calif. – Big 5 Sporting Goods Corp. kicked off fiscal 2015 with a strong performance in the first quarter. Net income grew 6% year-over-year to $2.3 million from $2.1 million, and would have grown more if not for increased expenses relating to wages and benefits, new stores, and a legal settlement.

    Big 5 plans to open approximately 10 net new stores in fiscal 2015, including three in the second quarter.

    Net sales climbed 5% to $243.6 million from $231.3 million, aided by a 3.9% increase in same-store sales.

  • La Jolla Group blocks bad guys with Dell

    Irvine, Calif. – La Jolla Group, vertical retailer of multiple specialty apparel brands, knows a thing or two about keeping the bad guys out of its network. The company has been using Dell SonicWall TZ series firewall technology to ensure security at both corporate headquarters and its 18 retail stores.

  • Family Dollar board member dies

    Family Dollar Stores Inc. has announced the passing of Mark R. Bernstein, a member of the company's board of directors, on April 27.

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