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Covering the latest news in the retail industry

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Japan, Others Ban Chicken From U.S.

Japan, South Korea, Singapore and Malaysia have placed bans on U.S. poultry imports after an outbreak of bird flu was discovered in Delaware over the weekend.

Starbucks Sues Over Name

Starbucks has filed a copyright infringement lawsuit against a competitor in Shanghai for using its shared name in China.

Apple’s CFO Anderson To Retire

Fred Anderson, Apple Computer’s chief financial officer since 1996, will retire on June 1 and join the company’s board. Peter Oppenheimer, senior vice president of finance and corporate controller has…

Del Monte Sells Pet Food Brands

Del Monte Foods is selling its VD, Medi-Cal and Techni-Cal pet brands to Royal Canin for a deal reported to be worth $82.5 million.

Small Latte Stands Tall Against Starbucks

Java Junction is a small drive-thru latte stand in Redmond, Wash. that proves you don’t have to be Starbucks to make it in the coffee retailing biz.

New Time Warner Center Opens In NY

Manhattan shoppers got to experience the shops and features of a new mall with the opening of the Time Warner Center at Columbus Circle.

Autonation Streamlines Business

The 287-store car dealership chain, Autonation, is consolidating back-office accounting functions and looking for other ways to streamline its business.

JCPenney Gets Bids For Eckerd

JCPenney is said to have received bids on its Eckerd drugstore chain from CVS, Jean Coutu and investment bankers. It may decide to not negotiate the deal if the bids…

Stop & Shop Exec To Run Giant Also

Ahold is turning over management of Giant Foods to executives at Stop & Shop in Quincy, Mass. Stop & Shop’s chief executive Marc Smith, will run both businesses.

US Bans Asian Birds

The U.S. has banned all poultry imports from Asia in response to the bird flu epidemic.

Target Sales Up In January

Target Corp’s total store sales were up 11.9 percent in January. Same-store sales increased 5.1 percent.

Pepsi Profits Up

The low carb craze apparently hasn’t hurt Pepsico’s bottom line as the company announced earnings per share were up 12 cents from the same period in the year prior.

Marks & Spencer In RFID Success

The UK’s Marks & Spencer chain announced it is following up on the initial success of tests using radio frequency identification technology.

Music Sales Rebound

Sales of pre-recorded music grew in January as discounters lowered prices and consumers turned to legal downloads on Web sites such as Apple’s iTunes Music Store.

Home Depot Wins EPA Award

Home Depot announced it has been named the winner of the National Product Campaign Award from the U.S. Environmental Protection Agency (EPA) for its support of two national energy saving…

January Retail Sales Are Up

Cold weather is being credited for some higher than expected retail sales in January as consumers rushed out to buy clothes to keep them warm.

IRI Has New CEO

Scott Klein has been named as the new chief executive and president of Information Resources Inc. Mr. Klein was previously with EDS.

Colgate’s Profits Up

Colgate-Palmolive reported a nine percent increase in overall profits despite the company’s North American business profits being down 24 percent.

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