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  • Sales and profits top estimates at Costco

    Growth in sales and membership income at Costco helped the company produce earnings per share of 95 cents and beat analysts’ estimates by two cents.

  • Sugar substitute gets sweet on Mexican market

    WAYZATA, Minn. — Sugar substitute Truvia will expand beyond U.S. borders, bringing its stevia sweeteners to Mexico.

    Truvia has joined forces with Grupo Herdez, a market leader in the production, distribution, and sale of foods in Mexico, to distribute and market Truvia sweetener in Mexico. Truvia, which recently branched into Canada, will now have a presence throughout North America in 2013, although it could face an uphill battle in Mexico where artificial sweeteners have yet to catch on with consumers.

  • Cargo volumes rebounding in December despite port strikes

    Washington, D.C. -- A report released Tuesday by the National Retail Federation and Hackett Associates found that cargo volumes at U.S. ports are forecast to increase 3.9% in December following a 5.6% decline in November.

    According to the monthly Global Port Tracker report, container volumes were negatively impacted in November by the West coast strike by workers at the ports of Los Angeles and Long Beach, but resolution of the strike after eight days meant disruption in December was limited to just two days.

  • Crisis averted, cargo volumes rebounding in December

    Cargo volumes at U.S. ports are forecast to increase 3.9% in December following a 5.6% decline in November, according to the monthly Global Port Tracker report compiled by the National Retail Federation and Hackett Associates.

    The West coast strike by workers at the ports of Los Angeles and Long Beach negatively affected container volumes in November, but resolution of the strike after eight days meant disruption in December was limited to just two days.

  • Office Depot offers online customers break for holiday

    BOCA RATON, Fla. — Office Depot is making online shopping more convenient to holiday shoppers racing against the clock while trying to avoid steep shipping and handling fees.

  • Couche-Tard acquires 29 stores in Illinois, Missouri and Oklahoma

    Laval, Quebec City -- Alimentation Couche-Tard Inc. announced that it has signed, through its wholly owned indirect subsidiary, Mac's Convenience Stores LLC, an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close in December 2012.

    All the stores would eventually be rebranded under the Circle K brand. Couche-Tard’s Midwest division would operate 28 of them and the other one would be operated by the Southwest division.

  • Retail imports to increase 3.9% in December despite port strike

    Washington -- Import cargo volume at the nation’s major retail container ports is expected to increase 3.9% in December despite a strike that closed the nation’s largest port complex for the first few days of the month, but retailers are keeping a close watch on a possible strike on the East Coast and Gulf Coast, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

  • Perdue Partners acquires family-owned logistics company

    ATLANTA — Perdue Partners has aquired Atlanta-based logistics company Benton Express.

  • Reports: CVS Caremark interested in buying drugstore chain in Brazil

    New York -- CVS Caremark is reportedly looking to expand outside of the United States by acquiring Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

    The Valor Economico newspaper reported that CVS Caremark plans to pay $313 million to acquire an 80% stake in Onofre and will also assume the company's debt.

    “We don’t comment on market rumors,” CVS Caremark spokesman Mike DeAngelis told Drug Store News.

  • Walmart Canada opens 200th supercenter

    Mississsauga, Ontario -- Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. Today's grand opening marks a major milestone for Walmart Canada. The company opened its first supercentres in Ontario in 2006. Today, Walmart Canada has supercentres in six provinces and 373 stores nationwide serving more than eight million customers each week.

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