-
Report: Russsian grocers merge to deter Wal-Mart
New York City -- Two of Russia's largest grocery store chains, Pyaterochka and Kopeika, said on Monday that they would merge their operations in a move that would better position them to compete with Wal-Mart Stores, which is expected to enter the Russian market, according to the New York Times.
-
Lowe's execs unveil digital moves
Mooresville, N.C. -- Sales at Lowes.com are running about 35% ahead of last year, according to CEO Robert Niblock, who spoke to analysts during the retailer's recent Analyst and Investors Conference. Still, the Mooresville, N.C.-based home improvement giant has ideas on how to improve its digital business.
During the event, Niblock explained an important part of the retailer's vision: "Whenever, wherever the customer wants to interact with us, we're going to try and make it convenient for them."