News

Target is looking for a low to mid-single digit increase in July same-store sales even though it posted a June increase of 4.5% that exceeded analysts’ estimates and came in at the high end of the company’s range of anticipated results. 

JACKSON, Miss. — Cal-Maine Foods announced that the company has named Todd Walters VP operations, effective July 11. Walters will have responsibility for all of Cal-Maine Foods’ production and processing facilities located in Texas.

Greatwide Logistics named a new CEO, and YRC Worldwide named a new SVP on Monday.

Greatwide said John Tague would serve as CEO, replacing Leo Suggs who is retiring, but will continue to serve as chairman. Tague previously served as president of United Airlines and also held the position of COO and chief revenue office during his eight years with the airline.

Ada, Okla. — Mach Speed Technologies has announced the launch of Eclipse MP3 Music & Video Players at 700 Best Buy locations across the United States. The prices on these models will start at a $19.99 price point and go up to $39.99.

According to the company, this is the first time Best Buy will be carrying opening price point MP3 players.

New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

WASHINGTON — The National Retail Federation said it supports a transportation reauthorization proposal released today by House Transportation and Infrastructure Committee Chairman John Mica, R-Fla., but expressed concern over the measure’s funding levels.

PORT WASHINGTON, N.Y. —  While agreeing on many factors, men and women still value different things when it comes to purchasing decisions. 

According to a recent report from the NPD Group, when shoppers of both genders decide to purchase a consumer electronics product the most important thing to them is that the product be the same brand as something they already own. Men regard popularity of the product as their number two reason to purchase a CE product, while women want the product to work with what they already own. 

DEERFIELD, Ill. — Walgreens recently surpassed 1 million fans on Facebook, the pharmacy operator announced Friday, and also has integrated its network of more than 7,700 drug stores through mobile platforms on Facebook Places and Foursquare.

Consequently, Walgreens has quickly become the chain drug store retailer with the largest following on Foursquare, while developing a growing presence on other social communities, including Twitter and YouTube.

BOCA RATON, Fla. — Office Depot announced that it is partnering with Superior Financial Group (SFG), a leading small usiness administration (SBA) lender, to provide qualified small business customers with access to capital in the form of SBA Loans between $5,000 to $25,000. Customers can apply for a loan by visiting www.officedepot.com/sba.

BOISE, Idaho — Albertsons is pulling the plug on its self-checkout units, which will be replaced by standard "H" lanes or express lanes, the grocer has confirmed.

The 217-store grocer has self-checkout units installed in roughly 100 of its stores. Those units will be removed by the end of the summer.

According to the grocer, the self-checkout units prevent it from providing the level of customer service it wants to offer its shoppers.