Content about Companies listed on the New York Stock Exchange

January 28, 2015

After a 2014 review found inefficiencies in its supply chain and logistics network, Rite Aid Corp. consolidated three distribution centers. Now the company is going in a new direction. 

After a 2014 review found inefficiencies in its supply chain and logistics network, Rite Aid Corp. consolidated three distribution centers. Now the company is going in a new direction.

The retailer said it plans to build a 900,000 square foot distribution center in Spartanburg, S.C., its first new DC in 15 years. The new distribution center will employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States.

January 15, 2015

Talk about ripping off the Band-Aid. Target Chairman and CEO Brian Cornell moved swiftly and decisively in deciding to exit Canada, however his actions aren’t without precedent.

Talk about ripping off the Band-Aid. Target Chairman and CEO Brian Cornell moved swiftly and decisively in deciding to exit Canada, however his actions aren’t without precedent.

Big Lots took similar action after it entered Canada and last fall, a month after Cornell took the helm, the prospects of Target’s exist from the market were explored in the third quarter edition of Retailing Today’s Target Supplier News publication. This is that story:

January 15, 2015

Solid sales of televisions and mobile phones in stores and online drove better than expected top line growth at Best Buy during the holidays with details on profitability yet to come. 

Solid sales of televisions and mobile phones in stores and online drove better than expected top line growth at Best Buy during the holidays with details on profitability yet to come.

The company said same-store sales grew 3.4% in the United States over the holidays (Nov.-Dec.) as it sold more large-screen TVs and mobile phones.

January 15, 2015

Just six months after being named chairman and CEO of Target, Brian Cornell is pulling the plug on the retailer’s 133 unit Canadian operation and will incur a $5.4 billion pre-tax loss in the fourth quarter to do so.

Just six months after being named chairman and CEO of Target, Brian Cornell is pulling the plug on the retailer’s 133 unit Canadian operation and will incur a $5.4 billion pre-tax loss in the fourth quarter to do so.

Target said it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co. and that it had filed an application for protection under the Companies’ Creditors Arrangement Act (the “CCAA”) with the Ontario Superior Court of Justice in Toronto.

January 5, 2015

Rite Aid Corp. says sales at stores open at least a year grew 5.3% in December, boosted again by strengthening pharmacy sales.

Rite Aid Corp. says sales at stores open at least a year grew 5.3% in December, boosted again by strengthening pharmacy sales. 

Same-store sales at the Camp Hill, Pa.-based retailer grew 5.3% to $2.2. billion, beating analyst consensus of 4.5% and reflecting a 1.7% increase in front-end same-store sales and a 7.3% increase in pharmacy same-store sales.

December 23, 2014

Guitar Center has chosen Darrell Webb to be the company's new president and CEO. From 2011 to 2013, Webb served as chairman and CEO of the Sports Authority. 

Guitar Center has chosen retailing veteran Darrell Webb to be the company's new president and CEO. From 2011 to 2013, Webb served as chairman and CEO of the Sports Authority.

Webb has more than 30 years of experience in retailing and has led several multibillion dollar companies through periods of rapid growth.

December 22, 2014

Target chairman and CEO Brian Cornell, who took the helm earlier this year, is making a string of executive changes to help fuel the retailer's digital transformation and enhance the guest experience. 

Target chairman and CEO Brian Cornell, who took the helm earlier this year, is making a string of executive changes to help fuel the retailer's digital transformation and enhance the guest experience.

December 18, 2014

Rite Aid is raising its guidance for 2015 after a big jump in same store sales lifted the company in the third quarter.

Rite Aid is raising its guidance for 2015 after a big jump in same store sales lifted the company in the third quarter.

The company reported third-quarter revenues of $6.7 billion, an increase of 5.3%, driven primarily by same-store sales. Same-store sales for the quarter ended Nov. 29 were up 5.4% overall, including a 1.6% lift in front-end same store sales and a 7.2% increase in pharmacy same store sales.

December 17, 2014

Kroger has gotten the ultimate green seal of approval from the EPA. 

Kroger has gotten the ultimate green seal of approval from the EPA.

The federal government has announced that Kroger is the only grocery retailer to be granted elite Energy Star Certification status by the EPA.

"Kroger is committed to reducing our impact on the environment, and our Energy Star certified buildings have delivered energy and cost savings as well as reduce our carbon footprint," said Keith Oliver, Kroger's VP for facility engineering. "We are pleased to help our partners at the EPA celebrate 15 years of Energy Star certifications."

December 16, 2014

Shoppers at Rite Aid stores in New York and Los Angeles will soon get a dose of 3-D along with their prescriptions as the retailer rolls out the first of its high-tech customer kiosks at 200 retail locations.

Shoppers at Rite Aid stores in New York and Los Angeles will soon get a dose of 3-D along with their prescriptions as the retailer rolls out the first of its high-tech customer kiosks at 200 retail locations.

December 11, 2014

Longtime Kroger executive and current chairman David Dillon is retiring Dec. 31 after 38 years with the company.

Longtime Kroger executive and current chairman David Dillon is retiring Dec. 31 after 38 years with the company. Dillon, 63, will be replaced as chairman by Rodney McMullen, who also succeeded Dillon as CEO at the start of 2014, the company said. McMullen has served on the board since 2003.

December 11, 2014

Kroger announced that Nora A. Aufreiter has been elected to the company's board of directors. 

Kroger announced that Nora A. Aufreter has been elected to the company's board of directors.

December 4, 2014

Momentum continues to build at Kroger where the company elevated expectations for its fourth quarter performance after a better than expected showing in the third quarter.

Momentum continues to build at Kroger where the company elevated expectations for its fourth quarter performance after a better than expected showing in the third quarter.

December 3, 2014

Facing a holiday shopping season in which consumers will be more digitally engaged than ever, Target is partnering with Google to introduce a new mobile experience aimed at driving traffic to its stores.

Facing a holiday shopping season in which consumers will be more digitally engaged than ever, Target is partnering with Google to introduce a new mobile experience aimed at driving traffic to its stores.

Bullseye’s Playground is a mobile game experience featuring Target’s bull terrier mascot Bullseye and other characters. In select Target stores, guests will have the opportunity to immerse themselves in Bullseye’s Playground using Google’s new Project Tango Development Tablet, which will transform the store into a 3D winter playground.

November 25, 2014

Fred's Super Dollar has reported total sales for the third quarter of $476.2 million, up 3%. However, Fred's net loss totaled $10.4 million, or minus 28 cents per diluted share, compared with net income of $7.3 million, or 20 cents per share in the year-ago period. 

Fred's Super Dollar has reported total sales for the third quarter of $476.2 million, up 3%. However, Fred's net loss totaled $10.4 million, or minus 28 cents per diluted share, compared with net income of $7.3 million, or 20 cents per share in the year-ago period.

November 20, 2014

Best Buy shared an optimistic view of the holiday season after posting a 3.2% third quarter comp increase at U.S. stores, but offered plenty of reasons why profitability could prove challenging.

Best Buy shared an optimistic view of the holiday season after posting a 3.2% third quarter comp increase at U.S. stores, but offered plenty of reasons why profitability could prove challenging.

November 20, 2014

Never underestimate the creativity of unscrupulous customers is the key takeaway for all retailers following Walmart’s effort to implement a liberal price match policy this week.

Never underestimate the creativity of unscrupulous customers is the key takeaway for all retailers following Walmart’s effort to implement a liberal price match policy this week.

November 19, 2014

It took a heightened level of promotional activity to drive marginally better than expected third quarter same store sales growth at Target’s U.S. stores while losses in Canada were less severe than the prior year.

It took a heightened level of promotional activity to drive marginally better than expected third quarter same store sales growth at Target’s U.S. stores while losses in Canada were less severe than the prior year.

November 10, 2014

Customers at Target are being given expanded opportunities to engage with the retailer this holiday season thanks to extended hours and early access to promotional offers.

Customers at Target are being given expanded opportunities to engage with the retailer this holiday season thanks to extended hours and early access to promotional offers.

November 6, 2014

The nation’s leading natural and organic grocer proved its doubters wrong with a better than expected fourth quarter earnings report, a rosy outlook for the coming year and dedication to a long-term growth strategy.

The nation’s leading natural and organic grocer proved its doubters wrong with a better than expected fourth quarter earnings report, a rosy outlook for the coming year and dedication to a long-term growth strategy.

November 4, 2014

Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.

Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.

October 24, 2014

Nike is set to win womenswear market and recent media extravaganza in Manhattan has shone light on some of the company’s creative marketing strategies.

Nike is set to win womenswear market and recent media extravaganza in Manhattan has shone light on some of the company’s creative marketing strategies.  The preview of the upcoming spring line in collaboration with Brazilian designer Pedro Lourenço was a star-studded event featuring top female athletes striding down the runway.

October 23, 2014

Sam’s Club this way found a healthy new way to enhance the value of membership with an innovative health exchange offering focused on small businesses.

Sam’s Club this way found a healthy new way to enhance the value of membership with an innovative health exchange offering focused on small businesses.

The Walmart division launched a number of first-of-its-kind services, including the introduction of a health exchange service in partnership with Aetna, to better serve its small business members.

October 22, 2014

For the first time, Target will offer free shipping on all Target.com orders for the holidays, through Dec. 20.

For the first time, Target will offer free shipping on all Target.com orders for the holidays, through Dec. 20. In addition, more than 65,000 items are now available for store pickup on Target.com and 80% of orders are fulfilled within one hour.

October 14, 2014

Plenty of retailers pay dividends, but none comes close to matching the track record of Stanley Black & Decker.

Plenty of retailers pay dividends, but none comes close to matching the track record of Stanley Black & Decker.

The company declared a 52 cent a share dividend for its fourth quarter and in so doing set a mark no retailer is likely to ever attain.