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Sales & Marketing

  • Wal-Mart boosts annual dividend 9%

    Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it is continuing its annual tradition of increasing shareholder payout by raising its dividend by 9%.

    Wal-Mart will pay a quarterly dividend of 39.75 cents on April 4 to shareholders of record on March 12. That works out to $1.59 per share for the year. The company has increased its dividend every year since its first declared dividend in March 1974.

    According to Wal-Mart president and CEO Mike Duke, the company's U.S. business is back on track, and international results remain strong.

  • Steve Goodyear promoted at Nestlé Nutrition

    NEW YORK — Nestlé Nutrition has promoted Steve Goodyear to VP retail sales for Nestlé Nutrition's U.S. division.

  • Regency Centers announces ground-up development in Houston

    Jacksonville, Fla. -- Shopping center owner Regency Centers said Thursday that it has launched construction on Southpark at Cinco Ranch, a 260,000-sq.-ft. neighborhood center anchored by Kroger, in Fort Bend County, Houston.

    In partnership with Excel Commercial Real Estate, Regency Centers began construction of the center’s first phase on Feb. 20, with anchor openings scheduled for fourth quarter 2012.

  • Kroger swings to loss on union costs

    CINCINNATI — Kroger posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

  • Study: More than half of Americans struggle to afford the basics

    New York City -- A study released Thursday by WSL/Strategic Retail found that 52% of Americans are struggling to afford the necessities, and for many even that is a stretch.

    The “How America Shops MegaTrends report, Moving On 2012,” revealed among its significant findings that the youth market, 18-34 year olds, has the highest percent of those who do not have enough money to cover their basic needs, with close to a quarter (24%) in financial turmoil.

  • Seven is Target’s lucky number for 2012 fiscal year

    MINNEAPOLIS — What a way to begin the new fiscal year. Target reported a stunning 7% same-store sales increase in February that shattered the company’s guidance for a 4% gain thanks to unseasonably warm weather, which boosted shopper traffic and transaction sizes.

  • Shopko and Pamida complete merger, Pamida stores to be converted

    Green Bay Wis. -- General merchandise retailers Shopko Stores and Pamida announced Thursday the completion of their previously announced merger that will create a $3 billion company that serves largely rural communities in 22 states.

    The combined entity will retain the Shopko name. Shopko will be headquartered in Green Bay and Pamida’s corporate headquarters in Omaha, Neb., will be consolidated into the Green Bay office over the next several months.

  • Macy’s shines, Kohl’s disappoints in February

    New York -- Results were mixed among the department store players in February, as Macy’s turned in a strong performance and Kohl’s missed expectations.

    For the month, Macy’s reported a same-store sales gain of 4.6%, beating the 3.5% rise anticipated by Wall Street. Online sales for the operator of Bloomingdale’s and its namesake banner surged 31.3%, boosting the same-store sales percentage advance. Total revenue in February increased 5.5% to $1.86 billion.

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