Content about Company Competitor

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

Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.

Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.
 

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 23, 2014

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

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.

September 18, 2014

Family Dollar is staying focused on making a difference in communities where it operates even as it remains the target of takeover battle between Dollar General and Dollar Tree.

Family Dollar is staying focused on making a difference in communities where it operates even as it remains the target of takeover battle between Dollar General and Dollar Tree.

The company has made a $458,000 donation to Feeding America, the nation’s leading domestic hunger relief charity. The amount includes donations from Family Dollar and customers at more than 8,200 Family Dollar stores during the retailer’s ‘Feeding Families, Fueling Hope’ campaign. The donation translates to more than 4.5 million meals for children and families in need.

September 16, 2014

Just as retailers like Walmart and Target unveil their top toy lists ahead of the holiday shopping season, Toys“R”Us has revealed its 2014 Holiday Hot Toy List. The annual list of 36 items is determined by Toys“R”Us play experts and packed with a wide range of brand new toys and games.

Just as retailers like Walmart and Target unveil their top toy lists ahead of the holiday shopping season, Toys“R”Us has revealed its 2014 Holiday Hot Toy List. The annual list of 36 items is determined by Toys“R”Us play experts and packed with a wide range of brand new toys and games.

September 9, 2014

General Mills is in the process of acquiring leading natural and organic food company Annie’s for $46 per share in cash, for a total transaction value of approximately $820 million.

General Mills is in the process of acquiring leading natural and organic food company Annie’s for $46 per share in cash, for a total transaction value of approximately $820 million.  

The transaction consideration represents a 51% premium over Annie’s 30-day average closing price of $30.47 as of Sept. 5. Annie’s will continue to be headquartered in Berkeley, California.

September 2, 2014

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

Early Monday Dollar General increased its all cash offer to $80 a share from $78.50 a share and increased the number of stores it said it would be willing to divest to 1,500 from 700. The company also said it would be willing to pay Family Dollar a $500 million reverse break-up if the deal failed to secure antitrust clearance.

August 28, 2014

Dollar General made the case for the superiority of its Family Dollar takeover bid with the release of second quarter results that revealed consistency as well some deceleration in sales and profit growth.

Dollar General made the case for the superiority of its Family Dollar takeover bid with the release of second quarter results that revealed consistency as well some deceleration in sales and profit growth.

August 13, 2014

Former Ahold and CVS executive Paula Price is the newest member of the Dollar General board of directors.

Former Ahold and CVS executive Paula Price is the newest member of the Dollar General board of directors.

She joins the board of the 11,500 store retailer at a pivotal time. Dollar General is in the midst of a search for a top executive to succeed Rick Dreiling who has indicated he will step down next year and two of the company’s arch rivals, Dollar Tree and Family Dollar, have announced plans to merge.