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Supermarket/Grocery

  • Costco CEO Jim Sinegal to retire

    Issaquah, Wash. -- Jim Sinegal, the much-admired CEO and co-founder of Costco Wholesale Corp., plans to step down effective Jan. 1. The chain said its board has elected the company's current president and COO, Craig Jelinek, to succeed Sinegal.

    “Costco has a very strong culture and a deep bench of management talent," said Sinegal. "I have total confidence in Craig's ability to handle his new responsibilities and feel we are fortunate as a company to have an executive of his caliber to succeed me as chief executive of Costco."

  • Save the dates: Sept. 21 & Nov. 14

    Walmart suppliers interested in learning more about the sales opportunity presented by serving Hispanic customers domestically and internationally will have several opportunities to do so in the weeks and months ahead.

  • Fresh & Easy broadens reach to Sacramento

    SACRAMENTO, Calif. — Fresh & Easy is slated to open its first six stores in the Sacramento region in 2012.

    The stores will include three in Sacramento, one in Lincoln, one in Elk Grove and one in Folsom. The chain, which has opened 13 stores in northern California this year, opened a store in the Bayview-Hunters Point neighborhood of San Francisco last week.

  • Tesco pulls out of Japanese market

    London -- Grocery giant Tesco PLC said Wednesday it is pulling out of Japan, which means shuttering 129 small, leasehold-owned stores in the Greater Tokyo area, which employ 4,000 people. The country is the smallest of Tesco’s international retail businesses, and the weakest for sales growth in the 2010-2011 fiscal year.

    “Having made considerable efforts in Japan, we have concluded that we cannot build a sufficiently scalable business,” said Philip Clarke, CEO.

  • Whole Foods testing Wellness Club concept

    New York City -- Whole Foods Market is testing membership-only Wellness Clubs in select locations, with the initial site in the chain’s store in Dedham, Mass., USA Today reported. Four additional sites are expected to open this fall.

    The company is charging a one-time fee of $199, with monthly membership dues of $45, according to the report, for which members will receive lifestyle evaluations, classes in nutrition, cooking and health and 10% off on 1,000 “better-for-you” foods sold in Whole Foods.

  • Whole Foods commences test run of Wellness Clubs

    AUSTIN — Retailer Whole Foods is continuing its foray into the health-and-wellness realm.

  • Fresh Market profit up in Q2, to open 12-14 stores

    Greensboro, N.C. -- Specialty grocer The Fresh Market reported Wednesday that net income for the second quarter rose to $10.5 million from $6.9 million a year earlier.

    Sales rose 13.6% to $259.5 million and same-store sales increased 4.6%, marking the seventh consecutive quarter of comps growth of 4% or greater.

  • Walmart debuts neighborhood market concept in Nebraska

    Omaha, Neb. -- Wal-Mart Stores said it will build its first neighborhood market in Nebraska, a 34,000-sq.-ft. store opening in northwest Omaha.

    Walmart last week opened the first of five market stores opening by Nov. 2 in Wichita, Kan. It was the retail giant's first venture into that city with the smaller market stores.

    The full range of products to be sold at the new Walmart market includes fresh meats, vegetables, dairy products, dry goods and staples, bakery and deli items, canned and packaged goods, and pet and household supplies.

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