News

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.

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.

New York City -- Leonard Green & Partners is expected to make an opening-round offer on Wednesday for BJ’s Wholesale Club, the New York Post reported, citing unidentified people familiar with the matter.

Bidders picked for the second round will probably be asked to make binding offers by the end of May, the newspaper said.

Forest City Commercial Management in partnership with social shopping network, Shoptopia, kicked off Project Style, the award-winning fashion competition for guys and girls ages 13 and up. From April through August, Forest City shopping centers nationwide will select two fashion trendsetters for each center each round, during a five-round contest, to put their sense of style and fashion to the test by creating the ultimate outfit.