News

Dallas -- Finance solution-provider Trintech announced that international food retailer Delhaize Group has implemented its AssureNET GL software for financial process compliance.

AssureNET GL is a component of Trintech's Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

By John Bajorek, [email protected]

The nation’s leading retail and restaurant chains came together to share ideas, discuss opportunities and find new solutions at Chain Store Age’s 47th annual SPECS conference, in Grapevine, Texas. Reflecting a renewed sense of optimism in the industry, overall attendance was up significantly, among retailers as well as exhibitors. All segments of the industry were in attendance, from discounters and specialty stores to supermarkets and home-improvement outlets to casual-dining restaurants.

Chain Store Age's annual review of development, acquisition and management activities.

Click here to download the full report.

Minneapolis -- Supervalu reported Thursday that net income for the quarter ended Feb. 26 slipped 2% to $95 million, compared with $97 million in the year-ago period, but results still beat Wall Street expectations.

Performance was impacted by softer sales, which dropped 6% to $8.66 billion, missing Wall Street's estimate of $8.73 billion. Same-store sales fell 5%.

Supervalu, which operates Albertsons, Jewel-Osco and Save-A-Lot chains, launched a turnaround plan more than a year ago.

PLEASANTON, Calif. — Darren Singer, a 25-year GlaxoSmithKline veteran, has been named Safeway's SVP pharmacy, health and wellness, the retailer announced.

Singer will be responsible for retail pharmacy operations, specialty care, pharmacy services, compliance, benefit management and managed care for Safeway. He will report to Safeway's merchandising president, Kelly Griffith.

TOPEKA, Kan. -- Payless ShoeSource announced that Andrew Meyer has been named SVP and general merchandise manager for Payless' women's and accessories businesses, reporting to LuAnn Via, president and CEO of Payless.

WASHINGTON – Retail sales increased 0.4% last month, the Commerce Department said Wednesday, buoyed by rising gasoline revenue. The gain in March, the ninth consecutive monthly increase, was the smallest since the string began last summer.

The increase shrank to a 0.1% when sales at gasoline stations were excluded. However, the biggest decline in auto sales in more than a year also pulled down overall sales. When taking out sales at gas station and of autos, retail sales rose 0.6%.

BENTONVILLE, Ark. -- As Walmart embarks on its campaign to be the low-price leader and broaden product assortment, the company said it plans to reduce space for electronics in its U.S. stores, saying that sales in that category have declined.

The company will reduce floor space devoted to items such as flat-screen televisions and give some of that space to apparel, according to Rosalind Brewer, who runs the Wal-Mart East division and addressed the ISI Group Retail Summit in Atlanta on Tuesday.

GOODLETTSVILLE, Tenn. -- Dollar General have announced their partnership to increase awareness of autism and raise funds for autism research and advocacy during Autism Awareness Month in April.

“This disorder affects many of our customers and we are proud to help fund research for the cause,” said Rick Dreiling, chairman and CEO of Dollar General.