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  • Wal-Mart accelerating U.S. small store growth; upping tech investments

    Bentonville, Ark. -- Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce,  on the occasion of the  company’s 20th annual investor meeting.

  • Family Dollar promotes Reiser to SVP/lead merchandising officer

    According to an internal memo from Family Dollar president and COO Mike Bloom, Jason Reiser has been elevated to the role of SVP/lead merchandising officer at the company.

  • Dd’s Discounts opens nine new locations

    Pleasanton, Calif. — Dd’s Discounts recently opened nine new locations across five states as part of the retailer’s 2013 expansion program totaling 23 new locations.

    The retailer now operates 131 locations in eight states. The new stores are located in California (4), Texas (2), Arizona (1), Florida (1) and Tennessee (1).

     

  • Study: Recasting brick-and-mortar stores in an omnichannel world

    The Internet and mobile have transformed consumer shopping behaviors, but the in-store shopping still remains important to many consumers, especially when buying cosmetics, apparel, grocery and office supplies, according to a new study from global management consulting firm A.T. Kearney. It is important, however, that retailers strategically assess and recast the role of stores.

  • Study: Physical stores still key to consumers in omnichannel world

    Chicago -- Consumers value the retail store experience on multiple levels and continue to make the vast majority of their purchases in stores, according to a new study from global management consulting firm A.T. Kearney. The report found that the physical store is the channel of choice across all ages (from Millennial to senior citizens) and household income levels (from less than $25,000 per year to more than $100,000 per year).

  • Safeway net income plunges in Q3

    Pleasanton, Calif. – Safeway Inc. saw its net income plunge 58% from $157 million to $65.8 million during the third quarter of fiscal 2013, amid a software impairment charge, higher theft and lower property gains. Results, however, beat expectations however.

    Sales grew 1.1% from $8.52 billion to $8.62 billion, driven by a 1.9% improvement in same-store sales.

  • Major mixed-use project for Conway, Ark.

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  • Safeway to dispose of Dominick’s stores and exit Chicago market

    Pleasanton, Calif. -- Safeway Inc. announced it plans to get rid of its 72 Dominick's stores in the Chicago area, exiting the market in early 2014.

    Safeway’s decision comes after Dominick's had a net loss of $8.4 million for the third quarter, ended Sept. 7, compared with a loss of $6.2 million in the year-ago period, and a net loss of $21.5 million for the year to date, compared with $16.8 million for the year- ago period.

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