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Mass Merchant

  • BJ's Wholesale teams up with 215 schools for its Adopt-A-School program

    BJ's Wholesale Club plans to partner with 215 schools through the organization's Adopt-A-School program. At the beginning of each school year, every BJ's Wholesale Club and Distribution Center partners with a local school to help enhance existing curriculum.

  • Report: Starbucks’ scheduling changes unlikely to ease worker burdens

    New York -- Following Starbucks Corp.’s announcement that it would change its scheduling rules to prevent employees from having to work an opening shift after a closing shift the previous evening, some workers have expressed skepticism that the changes would be universally enforced.

  • Wal-Mart cuts profit forecast on sluggish Q2

    Bentonville, Ark. – Consolidated net income at Wal-Mart Stores Inc. grew 0.6% to $4.1 billion in the second quarter of fiscal 2014 from $4.07 billion in the second quarter of fiscal 2013, with factors including incremental e-commerce investments and healthcare costs dampening profit growth. Wal-Mart cut its profit forecast for the full year as a result.

    Overall second quarter performance at Wal-Mart was sluggish. Net sales rose 3% to $119.3 billion from $116.1 billion. Currency exchange rate fluctuations negatively impacted net sales performance.

  • Rising expenses are a good thing for Walmart

    In the alternative universe where Amazon resides, surging expenses that eat into the company’s profitability are viewed favorably. If Walmart were afforded the same treatment its stock would have surged after it was revealed increased labor, health care and e-commerce costs eroded second quarter profits.

  • Walmart’s not so solid second quarter

    Walmart met low second quarter sales and profit expectations it set for itself but significantly lowered its full year outlook due to a tepid third quarter sales forecast and increased e-commerce and health care costs.

  • Dollar General appoints former Ahold exec to board

    Goodlettsville, Tenn. - Paula A. Price, senior lecturer at Harvard Business School and former CFO of Ahold USA, has been named to the Dollar General board of directors effective Aug. 26. The election of Price to Dollar General’s board will bring the total number of directors to eight.

  • Study: Department stores have best growth opportunity in Canada

    Los Angeles - The Canadian market offers an opportunity for U.S. retailers to expand and to gain experience operating in an international market. According to a new study from market research firm IbisWorld, the U.S. retail segment best suited for expansion into Canada is department stores, followed by men’s clothing stores.

  • New Walmart fact-checking service launched

    Walmart’s opponents employed a new tactic this week by launching a repository of negativity under the auspices of The Center for Media and Democracy.

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