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  • Chicago mayor meets with retailers about food ‘deserts’

    New York City -- Chicago Mayor Rahm Emanuel met with executives from six grocery chains, including Walgreen Co. Wal-Mart Stores and Aldi about eliminating food “deserts” in six Chicago neighborhoods, the Associated Press reported.

    Emanuel showed a detailed map of Chicago food deserts and made business cases to the grocery executives for specific properties in each food desert area. He said 450,000 Chicagoan's don't have access to fresh food.

  • Former Home Depot exec joins lighting company

    TCP, the Aurora, Ohio-based manufacturer of energy efficient lighting products, has announced that industry veteran Jorge Fernandez will be joining the company in the position of SVP business development. Fernandez comes to TCP from Home Depot, where he led the company’s energy efficient lighting category.

  • A new wild card in the warehouse club space

    Sam’s is enjoying some solid momentum these days, but a potential buyout of BJ’s Wholesale Club announced Friday morning could create some competitive issues in market where the companies operations overlap.

    Of course, that assumes the private equity firms Leonard Green & Partners and CVC Capital Partners, the companies who have joined forces to take BJ’s private, are interested in growing the business and investing in operations as opposed to simply squeezing the 190 unit retailer for cash.

  • Wal-Mart: Senior China exec has departed company

    Bentonville, Ark. -- Wal-Mart Stores disclosed in an email Friday that its China senior VP operations has left the company.

    According to a Friday report by Bloomberg, Shawn Gray has left the company, but no reason for the departure has yet been given.
     

  • Top 10 cities for organized retail crime

    Washington, D.C.  -- Atlanta, Chicago and Dallas were identified as the cities most problematic with regard to organized retail crime (ORC) rings, according to the National Retail Federation’s seventh annual Organized Retail Crime survey. Of the 129 retail companies, 94.5% reported having been the victim of organized retail crime in the past 12 months, up 6% over last year.

    The cities most problematic for ORC rings were:

  • A new approach to appliances at Kmart

    HOFFMAN ESTATES, Ill. — The market on Friday cheered a move by Kmart parent company Sears Holdings to cut 700 positions from the appliance departments at 225 stores. Shares of Sears Holding advanced $2.67 on Friday to close at $74.03 after news of the layoffs was reported Friday morning by the Wall Street Journal.

  • Physicians Formula to launch exclusive line at Walmart

    AZUSA, Calif. — Physicians Formula confirmed that its newly developed skin care line will be carried exclusively in about 2,500 Walmart stores this summer.

  • Kroger is comping, so why can’t Walmart?

    Repeated assurances by Walmart’s most senior executives that their top priority is growing U.S. same-store sales may be reassuring news to investors, but the company’s ability to do so by the end of the year now is a firmly established expectation. This is especially true, given the recent performance of once of the company top grocery competitors.

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