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Mass Merchant

  • More supermarkets certified by Green Building Initiative

    Portland, Oregon -- The Green Building Initiative announced a wave of Green Globes certifications for new supermarkets across the nation. The properties include New Seasons Markets in Oregon, and Whole Foods Market, Price Chopper, Aldi’s, Harris Teeter, Wegmans, and Publix stores across the country.
     

  • First look: Target’s new Express format

    Target opened its experimental Express format on July 23 in a community near downtown Minneapolis designed to give the retailer an early indication of expansion potential for the 20,000-sq.-ft. concept.
     
    The store is the smallest Target has ever opened and is located in an area known as Dinkytown near the campus of the University of Minnesota. Four additional locations are already planned for next year including three in the San Francisco area and one in St. Paul.
     

  • Roundy’s names accounting exec CFO

    Milwaukee – The board of directors of Roundy’s Inc. has named Michael Turzenski, currently Roundy’s group VP and chief accounting officer, as group VP, CFO. Turzenski replaces Darren Karst, who is leaving the company to become CFO of Rite Aid Corp. as of Aug. 10.

    Turzenski has served in his current role since February 2012. Turzenski joined Roundy’s in 2007 as VP, controller.

     

  • The meteoric rise of Greg Foran at Walmart

    Channeling his inner Sam Walton this week, Walmart CEO Doug McMillon rattled the company with the unexpected appointment of a relatively unknown newcomer to replace Bill Simon as CEO of its largest and most profitable division.

  • Wal-Mart ordered to provide investors bribery files

    Bentonville, Ark. – Wal-Mart Stores Inc. has lost its bid to keep files regarding an internal probe of possible bribes paid to Mexican officials to aid real estate deals out of the hands of investors. The Delaware Supreme Court has upheld a 2013 ruling by a lower Delaware state court mandating that Wal-Mart provide the files to several investors.

  • Greg Foran new CEO at Walmart U.S. as Bill Simon departs

    Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.
     

  • Walmart U.S. CEO Bill Simon steps down; to be replaced by CEO of Walmart Asia

    Bentonville, Ark. -- Wal-Mart Stores announced that Bill Simon, president and CEO of Walmart U.S. since June 2010, is leaving the company. He will be replaced by Greg Foran, 53, president and CEO of Walmart Asia, who will take up the post on Aug. 9, reporting directly Wal-Mart president and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.

  • New kid Foran pushes out old guard at Walmart U.S.

    By Sandy Skrovan, U.S. research director at Planet Retail

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