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Retail

  • Delhaize, Ahold to divest 86 stores; Publix and Supervalu among buyers

    As their merger enters the home stretch, Delhaize Group and Ahold have reached agreements with buyers to divest 86 U.S. stores.   The two international companies announced their intent to combine forces back in June 20115. The merger is set for completion at the end of July, pending final approval by the Federal Trade Commission.  
  • The Children’s Place plans new credit card offering

    Specialty apparel retailer The Children’s Place Inc. is partnering with marketing and loyalty solutions provider Alliance Data Systems Corp. to launch a new private label credit card.  
  • Possible Rite Aid divestiture leads to buyer speculation

    If Rite Aid needs to shed some stores for antitrust reasons in the wake of a merger with Walgreens-Boots Alliance, many experts expect one well-known drug store to step forward. 
  • Familiar name returns as CEO of Canadian Tire

    Toronto-based general merchandise retailer Canadian Tire Corp. has made a sudden shift at the top of the company’s executive structure.   Stephen Wetmore, who previously served as CEO of Canadian Tire from 2009-2014, has been named president and CEO of the company, effective immediately. Wetmore, who has remained on the board of directors after leaving the CEO post, will remain a director of the company but step down as deputy chairman of the board.  
  • Home furnishings giant plugging in more fuel cells

    Ikea is expanding its renewable energy portfolio with state-of-the-art fuel cell technology.   Based on the success of its pilot installation, Ikea said it plans to install biogas-powered fuel cell systems at four more stores in California.  
  • Survey: Stores help drive healthy back-to-school spending

    Consumers are not skimping on back-to-school spending this year, and brick-and-mortar retailers have extra reason to celebrate.   The International Council of Shopping Centers (ICSC) has released its annual back-to-school consumer survey results, finding an overall uptick in spending. The average back-to-school (BTS) shopper is expected to spend $657, with 78% expecting to spend more than the prior year.  
  • Target names new legal head

    Target Corp. has named Don Liu as executive VP, chief legal officer and general counsel, effective Aug. 22, 2016.   Liu will oversee all legal, corporate governance and government affairs matters for the company. He will report to chairman and CEO Brian Cornell and serve as a member of Target’s leadership team.  
  • Another look at Amazon Prime Day

    Amazon provided some general data on the performance of Prime Day, but now more information is coming out courtesy of several third-party analysis providers.  
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