News

Dollar General accelerating expansion again
The addition of 700 new stores last year and a 4.9% increase in fourth quarter same store sales helped Dollar General achieve record results and has the company looking to capitalize on the momentum by accelerating what is already the retail industry’s most aggressive new store expansion plan.

Dollar General chairman and CEO Rick Dreilling said the company will add to its 2014 year end store total of 11,789 units in 2015 by opening 730 new stores and remodeling 875 others.
At Home comfortable with wage increase
The ripple effects of Walmart’s wage action have extended to Plano, Tex., where home décor retailer At Home has upped the minimum wage ante with a more generous pay plan for hourly workers.

At Home, the company formerly known as Garden Ridge, operates 83 stores in 22 states. Beginning in May, the company said it would pay full-time hourly employees a minimum of $10 an hour and the minimum hourly rate for part-timers will increase to $9 an hour.

Sephora aims to drive digital growth with CashStar

Sephora is looking to drive faster digital growth by leveraging a cloud-based prepaid commerce program.

The company is working with CashStar to improve and differentiate its seamless omnichannel commerce strategy.
PetSmart names former Collective Brands chief as CEO as David Lenhardt steps down

Phoenix – PetSmart on Wednesday named industry veteran Michael J. Massey as its president and CEO, effective immediately. Massey, who most recently served as CEO and president of Collective Brands Inc., replaces David Lenhardt, who stepped down upon the closing of private equity firm BC Partners’s acquisition of the pet supplies retailer. Also, BC Partners managing partner Raymond Svider has been appointed non-executive chairman.
Report: Alibaba considers Snapdeal investment; IPO lockup expires

Hangzhou, China – Alibaba Holding Group Inc. is reportedly considering a cash investment in Indian e-commerce platform Snapdeal. According to Reuters, Alibaba is in ongoing negotiations with Snapdeal, but no agreement is imminent.

Alibaba does not hold any direct investments in India, although Alibaba subsidiary Ant Financial purchased 25% of Indian payment services provider Paytm in February 2015.
Amazon targets early adopters with new 'store'

Amazon.com is appealing to early adopters with the launch of a new "store" called Amazon Exclusives.

The company has opened a new store called Amazon Exclusives, which aims to give consumers direct access to hot, innovative products from up-and-coming brands. For now, the store will focus on electronic accessories, toys, sporting equipment and some fashion items. It will also sell some products featured on the TV program Shark Tank.
Express Q4 beats Street; issues upbeat outlook

Columbus, Ohio – Expenses, primarily related to incremental marketing activities, helped decrease profits at Express Inc. during the fourth quarter of fiscal 2014. But the chain beat Wall Street analysts earnings and sales estimates while also giving an upbeat outlook for its current quarter.

Express reported net income of $41.8 million, down 16% from $49.7 million last year.
Women-owned logo arrives on Walmart shelves

Shoppers interested in purchasing products from women-owned companies will find it easier to do so at Walmart with the introduction of a new logo and related promotional effort.
Hardee’s largest franchisee taps GridPoint to drive energy savings

Arlington, Va. -- Data-driven energy management systems provider GridPoint announced that Boddie-Noell Enterprises, the largest Hardee’s franchise operator in the United States, has deployed GridPoint’s state-of-the-art solution at a majority of its 334 restaurants, with plans to deploy to the remaining sites in 2015 and beyond.
CVS Health announces organizational changes

CVS Health is making a series of organizational changes to further drive enterprise alignment and fuel its growth strategy.

The changes include: