RECENT News
Retail News
Covering the latest news in the retail industry
Headlines
Sites For Albertsons Discount Store Format Not Disclosed
Chicagoland consumers will have to wait and see if Albertsons decides to build any of its new discount stores in the market.
Bean Not Interested In Bauer
L.L. Bean’s chief executive officer, Chris McCormick, seems to have determined that buying the Eddie Bauer business would be more trouble than it’s worth.
P&G Raises Forecast
Procter & Gamble expects to exceed the consensus earnings estimate by one or two cents a share.
Nutrionists Says Carb Counts Are Wrong
Nutritonists in the UK say the amount of carbohydrates listed on labels of some low-carb products bears little resemblance to the actual contents.
Same-Store Sales Increase For 7-Eleven
7-Eleven stores open at least a year registered sales 6.2 percent higher in February.
Earnings Way Up At Krispy Kreme
Krispy Kreme’s profits in the fourth quarter were up 45 percent over the same period in 2002.
Trade Deficit At Record Level
The Commerce Department reported that the national trade deficit reached an all time high of $43.1 billion in January.
Congress To Limit Obesity Lawsuits
The House of Representatives is expected to take up a bill limiting lawsuits against food manufacturers and restaurant operators for a person’s obesity.
Obesity Is Killing More Americans
A report from the Center for Disease Control says obesity is quickly catching up with tobacco use as the leading cause of preventable death in the U.S.
Kmart Hires New Marketing Chief
Kmart has hired the former executive vice president of television and marketing for the Home Shopping Network, Paul Guyardo, as its new chief marketing officer.
Pier 1 Gets New Pitchman
Pier 1 Imports is replacing actress Kirstie Alley as its television spokesperson with Thom Filicia from the show, Queer Eye For The Straight Guy.
Sales Up 7.3 Percent For CVS
Total sales for CVS grew 7.3 percent in February while same-store sales were up 5.4 percent.
Man Commits Fraud Can’t Get Arrested
A person in Loma Linda, California ordered goods from eMerchandise.com using the credit cards belonging to others. When the retailer reported the event, the amount ($500 in goods) was deemed…
Report: Consumers Should Know RFID Benefits
A new report from A.T. Kearney says retailers and manufacturers should emphasize the benefits of radio frequency identifcation (RFID), such as keeping track of food supplies and catching counterfeiters, to…
Albertsons’ Lower Profits Blamed On Strike
The supermarket chain says the recent strike/lockout in Southern California cost it $90 million in the last quarter.
Strike Costs Kroger
The recently settled labor dispute with the United Food and Commercial Workers Union (UFCW) cost Kroger to lose $337.4 million in the last quarter.
Kmart Likely To Stick With Stewart
The general consensus is Kmart will continue selling its exclusive Martha Stewart Everyday line, despite Ms. Stewart’s conviction in federal court.
Stewart Resigns From Revlon Board
Martha Stewart has resigned her seat on the Board of Directors at Revlon following her conviction in connection with the ImClone scandal.
Nice Weather Warms Up Sales
Mild weather across much of the U.S. is being given credit for the strong retail sales posted last week.
McD’s Sales Up Nearly 23 Percent
Sales at McDonald’s were up 22.6 percent last month with same-store sales up 14 percent compared to February 2003.
The Story Behind The Strike Settlement
The deal between the supermarket chains and the United Food and Commercial Workers Union was agreed upon in the hotel room of the UFCW’s chief negotiator, Steve Stemerman.
Wal-Mart Criticized By Columnist
Columnist Jeffrey Rubin says prices in Wal-Mart markets dropped three percent last year while wages in the same markets were down 14 percent.
Whole Foods Opens In Columbus
Whole Foods is opening the first of two planned new stores in Ohio on a site formerly occupied by Big Bear.
Small Retailers Study Using RFID
The adoption of radio frequency identification technology (RFID) by the likes of Wal-Mart is putting pressure on smaller retailers to investigate its use or fall behind in the competition for…
J.M. Smucker Buys International Multifoods
The leading company in the U.S. jelly and jam market will buy the manufacturer of brands such as Pillsbury baking mixes and Hungry Jack pancake mix for approximately $500 million.
Nordstrom Culture Sells
As Nordstrom enters the Charlotte market, it will bring its extraordinary sales culture along with it.