News

Pricing studies conducted this week by Wall Street analysts yielded familiar results.

Deutsche Bank analyst Charles Grom and Citigroup analyst Deb Weinswig issued reports this week comparing Walmart’s prices to dollar stores and conventional supermarkets and Target.

Tractor Supply Company president and COO Greg Sandfort will succeed James Wright as CEO of the 1,135 store chain effective January 1.

During a year that saw Dollar General open its 10,000th store and AutoZone opens its 5,000th store, rent-to-own retailer Aaron’s has opened its 2,000th location.

The Atlanta-based retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, designated a store in the Bronx, New York as its 2,000th location.

Ocean Spray, the world's largest cranberry cooperative, has opened a new $26 million state-of-the-art cranberry receiving station facility in Richmond, British Columbia.

DEERFIELD BEACH, Fla. — Walgreens’ fiscal fourth quarter net income fell 55% compared with a year ago when the drugstore operator recorded a big business sale gain. However, its adjusted earnings still beat analysts’ expectations.

Walgreen earned $353 million for the quarter ended Aug. 31, compared with $792 million a year ago. On an adjusted basis, Walgreen earned $553 million versus $599 million a year earlier. Adjusted earnings excluded acquisition-related costs and costs related to inventory.

HOFFMAN ESTATES, Ill. — Sears customers can now engage the services of Jackson Hewitt for tax preparation for the 2013 season.

Seattle -- Sears Holdings Corp. strengthened its environmental commitment with the rollout of 27 new Roush CleanTech Ford E-250 cargo vans fueled by propane autogas, to be deployed in the Sears Home Services fleet in Seattle for in-home service and repair visits.

Build-A-Bear Workshop has gone high-tech. The company has debuted a new store design that combines its signature hands-on bear-making experience with innovative technology that’s right in line with today’s digitally savvy kids. The new format, which premiered in Build-A-Bear Workshop’s renovated location at West County Center, St. Louis, also provides more interactive options to keep shoppers coming back.

Deerfield Beach, Fla. -- Walgreens’ fiscal fourth quarter net income fell 55% compared with a year ago when the drugstore operator recorded a big business sale gain. However, its adjusted earnings still beat analysts’ expectations.

Walgreen earned $353 million for the quarter ended Aug. 31, compared with $792 million a year ago. On an adjusted basis, Walgreen earned $553 million versus $599 million a year earlier. Adjusted earnings excluded acquisition-related costs and costs related to inventory.

PepsiCo’s Mountain Dew executives and recording artist Lil Wayne this week opened a new skate park in New Orleans made possible by funding from the beverage brand.

The skate park is located in the city’s Ninth Ward, a region that gained infamy following devastating flooding after Hurricane Katrina in 2005. The skate park is a key component of a social media, brand building initiative known as DEWeezy that was announced in March of this year and offers Dew fans an opportunity to create a television commercial featuring Lil Wayne.