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  • Best Buy chief joins RILA board

    LOS ANGELES, Calif. — The Retail Industry Leaders Association (RILA) added five industry executives to its board of directors during its semi-annual meeting on Jan. 28 in Los Angeles, Calif. Also as a part of the meeting, Walmart president and CEO Bill Simon was re-elected to the board. Executives joining the board are elected to serve two-year terms. 

    Joining the RILA board of directors are:

  • NRF forecasts slower sales for 2013

    Washington, D.C. -- Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4%, down slightly from 4.2% in 2012 and 5.8% in 2011, according to the National Retail Federation’s 2013 economic forecast.

    The lukewarm forecast, released Monday, comes on the heels of a holiday season that went head-to-head with Washington’s political wrangling over fiscal concerns, shifting consumers’ spending plans downward. In the end, holiday sales in 2012 grew 3.0%.

  • NRF forecasts tepid sales on slow economic growth

    WASHINGTON — Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4%, down slightly from 4.2% in 2012 and 5.8% in 2011, according to the National Retail Federation’s 2013 economic forecast.

    The lukewarm forecast, released Monday, comes on the heels of a holiday season that went head-to-head with Washington’s political wrangling over fiscal concerns, shifting consumers’ spending plans downward. In the end, holiday sales in 2012 grew 3.0%.

  • Report: Chicago-area shopping center development shows uptick

    Oakbrook Terrace, Ill. -- A Friday report by Mid-America Real Estate Corp. found that 2012 shopping center construction in the Chicagoland area grew 10% year-over-year, after a four-year decline.

    According to the 2012-2013 Chicagoland Shopping Center Report, square footage increased from 1.02 million sq. ft. of space in 2011 to 1.14 million sq. ft. – a difference of about 113,000 sq. ft.

  • Express opportunity evident in C-store total

    While Walmart continues to fine tune its small format Express concept, ample opportunity awaits in the C-store space.

    The latest data from Nielsen shows the number of U.S. convenience stores continues to expand and last year set a new record with 149,220 units. Roughly 63% of those units are independent operators who presumably charge higher prices than what would be available at Walmart’s convenience stores.

  • Ex SuperValu and Pepsi execs join Clorox board

    Former SuperValu CEO Jeff Noddle and former Pepsi Bottling Group, Mexico, chairman Rogelio Rebolledo are the newest members of the Clorox board of directors.

    Noddle, 66, served as executive chairman at SuperValu until he retired in 2010 and from 2002 through 2009 he was the company’s chairman and CEO. Rebolledo, 68, retired from Pepsi’s Mexican bottling operation as chairman in 2007.

  • Gigante and Petco in deal to open stores in Mexico and Latin America

    New York -- Mexican supermarket and restaurant operator Gigante has entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years, Reuters reported.

    The first two Petco stores will open this year in Mexico City and Guadalajara, Gigante said in a release to the stock exchange.

    The financial terms of the agreement were not disclosed.

     

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