Mike Troy serves as editor of RetailingToday.com, Connecting Northwest Arkansas and Retailing Today’s other electronic products and periodic special reports. A career journalist and communicator, Mike has spent the past two decades involved in and covering all aspects of the retail industry. He’s interviewed thousands of retail executives and their supplier counterparts, spent time in all trade channels in the U.S. and overseas, conducted store tours and spoken to groups large and small about issues and trends affecting the retail industry. Mike’s experience, insight and candor lends a unique perspective to all of Retailing Today’s products.
He is a native of Iowa and received a Bachelor of Science degree in journalism and international studies from Iowa State University in 1984.
Mike can be reached at 813-627-6946 or mtroy@LF.com.
The Sobey’s chain of food stores, whose parent company counts former Walmart Canada head Dave Ferguson among its board members, has added new square footage to its retail portfolio with the acquisitions of Safeway’s Canadian stores.
The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.
The Canadian retail landscape shifted again late Wednesday when Safeway announced the sale of its operations there to Sobeys Inc. for $5.8 billion.
A 4.2% first quarter same store sales increase at teen retailer Five Below and better than expected results prompted the operator of 258 stores to increase its full year guidance.