Content about Company Competitor

January 29, 2015

A stronger than average flu season helped Rite Aid post an increase in same store sales for January.

A stronger than average flu season helped Rite Aid post an increase in same store sales for January.
 
The company reported a 4.8% increase in same-store sales for the four weeks ended Jan. 24. Rite Aid's January front-end same-store sales increased 2.9%.
 
January 27, 2015

Less than a week after getting shareholder approval to sell itself to Dollar Tree Inc., Family Dollar said fewer discounts led to increased December sales. 

Less than a week after getting shareholder approval to sell itself to Dollar Tree Inc., Family Dollar said fewer discounts led to increased December sales.

For the month ended Jan. 3, Family Dollar said its sales increased 3.6% to $1.21 billion from a year earlier. Same-store sales increased 1.2%, compared with a 3% decline last December.

January 27, 2015

The U.S. Federal Trade Commission has cleared the merger of supermarket operators Safeway Inc. and Albertsons, creating a larger competitor to rival chain Kroger. But there is one caveat.

The U.S. Federal Trade Commission has cleared the merger of supermarket operators Safeway Inc. and Albertsons, creating a larger competitor to rival chain Kroger. But there is one caveat.

The FTC agreed to the deal only after Safeway and Albertsons agreed to sell 168 stores to address the FTC’s competition concerns.

January 22, 2015

After months of delay and a failed bid by Dollar General, Family Dollar shareholders agreed to be acquired by Dollar Tree in a deal that creates a combined company with more than 14,000 locations, estimated annual sales of $19 billion and compelling growth opportunities. 

After months of delay and a failed bid by Dollar General, Family Dollar shareholders agreed to be acquired by Dollar Tree in a deal that creates a combined company with more than 14,000 locations, estimated annual sales of $19 billion and compelling growth opportunities.

Approval of the deal creates a new competitive dynamic in the world of extreme value retailing with the combination of Dollar Tree and Family Dollar making for a more formidable competitor to Dollar General and its nearly 12,000 stores.

January 22, 2015

Sears Holdings announced on Thursday that Phil Keough has joined the company as SVP and president, pharmacy.

Sears Holdings has a new leader for its Kmart pharmacy division. The company announced that it has hired  Phil Keough as SVP and president, pharmacy.

Keough most recently served as CEO and president of Millennium Pharmacy Systems, a long-term care pharmacy provider, and led the sale of the company to PharMerica.

In his new role with Sears Holdings, Keough will be responsible for leading the Kmart Pharmacy business unit and driving Shop Your Way member engagement to enable online and in-store growth of the company’s Health & Wellness businesses.

January 16, 2015

Wet Seal Inc. has become the latest clothing retailer to seek bankruptcy protection as mall-based stores lose business to big-box chains and online merchants.

Wet Seal Inc. has become the latest clothing retailer to seek bankruptcy protection as mall-based stores lose business to big-box chains and online merchants.

The move by Wet Seal comes a week after the struggling teen retailer said it was closing 338 of its stores, leaving it with approximately 173 stores nationwide.

January 12, 2015

Family Dollar is urging its shareholders to support a buyout offer from rival discounter Dollar Tree with less than two weeks remaining before a vote on the pending deal. 

Family Dollar is urging its shareholders to support a buyout offer from rival discounter Dollar Tree with less than two weeks remaining before a vote on the pending deal.

Family Dollar shareholders are scheduled to vote Jan. 22. on whether to accept the Dollar Tree offer.

Family Dollar has rejected numerous approaches from Dollar General, the latest worth $9.1 billion in cash, in favor of an $8.5 billion cash-and-stock offer from Dollar Tree. It has cited risks that the Dollar General deal would be blocked because of anti-monopoly rules.

January 7, 2015

Lowe’s is teaming up with a key supplier to engage a new generation of shoppers with a multifaceted initiative that involves in-store and social media elements.

Lowe’s is teaming up with a key supplier to engage a new generation of shoppers with a multifaceted initiative that involves in-store and social media elements.

Tool manufacturer Dremel will be offering a series of in-store clinics at Lowe's to help families design and build a race-worthy Pinewood Derby Car. With the help of Dremel tools and accessories, participants will learn how to create a winning derby car without an elaborate set of tools.

December 23, 2014

Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

 

Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.

December 23, 2014

Home Depot EVP Marvin Ellison will become president of J.C. Penney on November 1 and succeed Mike Ullman as CEO of the department store retailer next August.

Home Depot EVP Marvin Ellison will become president of J.C. Penney on November 1 and succeed Mike Ullman as CEO of the department store retailer next August.

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 17, 2014

Google could be preparing to take on Amazon.com with its own unique e-commerce solution. 

Google could be preparing to take on Amazon.com with its own unique e-commerce solution.

According to the Wall Street Journal, Google is developing a “buy now” button that would be embedded right into results pages within the search engine. '

December 15, 2014

After weeks of exploring “strategic alternatives,” PetSmart has agreed to be acquired for about $8.7 billion by a consortium led by London-based BC Partners. 

After weeks of exploring “strategic alternatives,” PetSmart has agreed to be acquired for about $8.7 billion by a consortium led by London-based BC Partners.

"We are pleased to have reached this agreement with BC Partners, which maximizes value for all of our shareholders and best positions PetSmart to continue to meet the needs of pet parents," said Gregory Josefowicz, chairman of PetSmart. "This transaction represents the successful conclusion of our extensive review of strategic alternatives." 

December 12, 2014

Former Procter & Gamble group president Jorge Mesquita has been hired by Johnson & Johnson as worldwide chairman of its consumer companies. 

Former Procter & Gamble group president Jorge Mesquita has been hired by Johnson & Johnson as worldwide chairman of its consumer companies. 

Mesquita, 53, will serve on the corporation’s management committee, lead the consumer group operating committee and report to Sandi Peterson, group worldwide chairman.

December 5, 2014

As the acquisition of Family Dollar moves closer to resolution, would be acquirers Dollar Tree and Dollar General maintain widely differing views on the superiority of their respective offers and the opinion of federal regulators.

As the acquisition of Family Dollar moves closer to resolution, would-be acquirers Dollar Tree and Dollar General maintain widely differing views on the superiority of their respective offers and the opinion of federal regulators.

December 3, 2014

The nation’s largest retail bookseller has dreamed up another innovative way to drive traffic to its stores.

The nation’s largest retail bookseller has dreamed up another innovative way to drive traffic to its stores.

Barnes & Noble has announced that it will be sponsoring the Barnes & Noble Cookie Bake-Off, a contest in which customers can submit cookie recipes for a chance to win prizes and have their winning cookies sold in Barnes & Noble stores.

November 20, 2014

As Dollar Tree moves forward with its acquisition of Family Dollar, the company reported an increase in same-store sales and expressed a favorable holiday outlook. 

As Dollar Tree moves forward with its acquisition of Family Dollar, the company reported an increase in same-store sales and expressed a favorable holiday outlook.

Dollar Tree's earnings per share increased 19% to $0.69 and its revenue increased 11.2% to $2.1 billion compared to the third quarter of fiscal 2013; these results were driven by comparable-store sales increasing 5.9% during the quarter compared to an increase of 3.1% in the prior-year period.

November 19, 2014

BJ's Wholesale Club has introduced a Mastercard program that ups the ante in the wholesale club credit card category. 

BJ's Wholesale Club has introduced a Mastercard program that ups the ante in the wholesale club credit card category. The My BJ's Perks MasterCard will offer members 10 cents off per gallon of BJ's gas every day, up to 5% back on purchases in-club and at BJs.com, 2% back on eating out and non-BJ's gas purchases, and 1% back on purchases made everywhere else MasterCard is accepted.  

November 7, 2014

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

The company on Friday, Nov. 7 disclosed that  Oberton notified the board of directors the prior Monday of his decision to resign. Plans call for Oberton, 56, to remain as chairman of the company and to be actively involved in strategic planning and performance measurements.

October 30, 2014

Meg Ham has been designated as president of Food Lion, succeeding Beth Newlands Campbell, who is leaving the company for personal and professional reasons.

Meg Ham has been designated as president of Food Lion, succeeding Beth Newlands Campbell, who is leaving the company for personal and professional reasons.

Ham will continue to report to Kevin Holt, CEO of Delhaize America and lead all Food Lion banner operations, including strategic direction, financial performance, product assortment, pricing, customer service and marketing.  

October 28, 2014

The Home Depot is offering a new LED light bulb from Cree that is said to be brighter and longer lasting.

The Home Depot is offering a new LED light bulb from Cree that is said to be brighter and longer lasting.

The LED bulbs resemble tradition incandescent bulbs but offer superior performance at a lower price, according to Cree. The new bulb provides the same cost savings and 25,000-hour lifetime that made the original Cree LED Bulb America’s best-selling LED bulb, according to the company. The new bulbs are available at Home Depot as 40- and 60-watt replacements in two color temperatures (soft white and daylight) for just under $8.

October 24, 2014

E-commerce solutions provider Digital River said it agreed to be acquired by an investor group led by Siris Capital Group in a deal valued at $840 million.

E-commerce solutions provider Digital River said it agreed to be acquired by an investor group led by Siris Capital Group in a deal valued at $840 million.

Under the terms of the agreement, Siris will acquire all of the outstanding common shares of Digital River for $26 a share, a 50% premium over the company’s closing price on Oct. 23.

October 22, 2014

Dollar General is already one of the nation’s fastest growing retailers and it could get even bigger a lot faster – with major implications for trading partners and competitors – if it prevails in its efforts to acquire Family Dollar.

Dollar General is already one of the nation’s fastest growing retailers and it could get even bigger a lot faster – with major implications for trading partners and competitors – if it prevails in its efforts to acquire Family Dollar.

October 1, 2014

First Data Corporation has bolstered its senior leadership team as part of its ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world.

First Data Corporation has bolstered its senior leadership team as part of its ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world.

The company promoted two executives to new roles: Barry McCarthy to lead four strategic businesses including the STAR Network and Sanjiv Das to lead First Data’s international business. The company has also brought in two new hires: Andrew Gelb to lead the financial services business and Adam Rosman as general counsel.

September 30, 2014

American Express has promoted Neal Sample, currently Enterprise Growth’s chief information officer and chief marketing technologist, to president. He will report to American Express CEO Kenneth I. Chenault and will serve as a member of the company's operating committee.

American Express has promoted Neal Sample, currently Enterprise Growth’s chief information officer and chief marketing technologist, to president. He will report to American Express CEO Kenneth I. Chenault and will serve as a member of the company's operating committee.

Sample replaces Dan Schulman, formerly group president of Enterprise Growth, who has resigned his position to become CEO of eBay’s spun-off PayPal business.