Content about Economy of the United States

December 19, 2014

Amazon.com is getting deeper into the cash rewards game by partnering with a rebate shopping app.

Amazon.com is getting deeper into the cash rewards game by partnering with a rebate shopping app.

For the first time ever, Ibotta will make it possible for anyone shopping on Amazon.com to earn cash rebates.

December 19, 2014

A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.

A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.

U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit.

Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.

December 19, 2014

Walmart is turning to the head of its Latin American business to take over as CEO of Walmart de Mexico.

Walmart is turning to the head of its Latin American business to take over as CEO of Walmart de Mexico.

Enrique Ostale, who is chairman of the board of the retailer's Latin American business, will take over as Mexico chief executive on Jan. 1. The position will oversee Walmart's operations in Mexico and Central America.

December 18, 2014

Manhattan residents have the opportunity to receive Amazon deliveries faster than ever before. 

Manhattan residents now have the opportunity to receive Amazon deliveries faster than ever before.

Prime Now, the newest benefit for Amazon Prime members, offers one-hour delivery on tens of thousands of products through a mobile app. Prime Now is powered by Amazon’s network of fulfillment centers that utilize high-end technology to speed up order delivery times for customers.

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 18, 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

Two men were arrested after they faked a heart attack in order to steal toys at a Walmart in Central Florida.

Two men were arrested after they faked a heart attack in order to steal toys at a Walmart in Central Florida.

According to the Polk County Sheriff's Office, Tarus Scott and Genard Dupree teamed up to steal expensive toys, including a motorized Barbie car, a Barbie Glam vacation house and a Leap Frog tablet. But it's how they stole $369 worth of toys that makes this story a little different.

December 18, 2014

Walmart is instituting new rules on poultry safety as the company looks to protect customers from foodborne illness. 

Walmart is instituting new rules on poultry safety as the company looks to protect customers from foodborne illness.

Walmart’s enhanced poultry safety measures will require poultry suppliers to achieve prevention-based certification by one of the Global Food Safety Initiative's recognized standards. Walmart said poultry suppliers must implement "holistic controls" from farm to fork; the controls must significantly reduce potential contamination levels, including chicken parts.

December 17, 2014

Walmart has announced the 75 winners of its Food Pantry Holiday Makeover campaign, which gifts a food pantry organization with a $20,000 grant for renovations. 

Walmart has announced the 75 winners of its Food Pantry Holiday Makeover campaign, which gifts a food pantry organization with a $20,000 grant for renovations. 

December 17, 2014

The fall is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end. 

Autumn is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end.

1. Starbucks Reserve Roastery & Tasting Toom, Seattle

The coffee giant spared no expense on its newest retail concept—the space is spectacular. Two years in the making, the Roastery is part retail store and part manufacturing facility—and all theatre.

December 17, 2014

CVS has developed an omnichannel strategy for this holiday season. The retailer is focused on targeting customers online, on mobile and in stores. 

CVS has developed an omnichannel strategy for this holiday season that focuses on targeting customers online, on mobile and in stores.

Consumers can follow @CVS_Extra on Twitter to learn about upcoming promotions and ways to win a variety of gift items through special contests. Additional holiday savings and tips can be found on the CVS Facebook page.

December 16, 2014

Brown Shoe Co. has sold its Shoes.com online division to a Seattle company looking to compete in a market dominated by Amazon.com and Foot Locker.

Brown Shoe Co. has sold its Shoes.com online division to a Seattle company looking to compete in a market dominated by Amazon.com and Foot Locker.

SHOEme, parent of OnlineShoes.com and Shoeme.ca, is purchasing Shoes.com for an undisclosed price, the companies said.

December 16, 2014

Welcome to the fourth quarter edition of Target Supplier News, your source for fresh perspective and unique insights on the strategies and priorities of this major trading partner.

Welcome to the fourth quarter edition of Target Supplier News, your source for fresh perspective and unique insights on the strategies and priorities of this major trading partner. For a look at what to expect from Target in 2015 and the retailer’s evolving priorities under the leadership of chairman and CEO Brian Cornell click here.

December 16, 2014

In the third quarter 2014 edition of Target Supplier News, check out what’s on the mind of new Target chairman and CEO Brian Cornell as the retailer heads into the holidays and beyond.

In the third quarter 2014 edition of Target Supplier News, check out what’s on the mind of new Target chairman and CEO Brian Cornell as the retailer heads into the holidays and beyond.

 

December 16, 2014

Walmart said the Pennsylvania Supreme Court has ordered it to pay about $151 million to settle a class-action lawsuit filed by employees who claim their meal and rest breaks were cut. 

Walmart said the Pennsylvania Supreme Court has ordered it to pay about $151 million to settle a class-action lawsuit filed by employees who claim their meal and rest breaks were cut.

Walmart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

The suit, filed in March 2002, represented about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006.

December 16, 2014

Target Corp. is targeting last-minute holiday shoppers by offering promotions to customers in need of pickup or delivery, and to users of the retailer's Cartwheel app. 

Target Corp. is targeting last-minute holiday shoppers by offering promotions to customers in need of pickup or delivery, and to users of the retailer's Cartwheel app.

Cartwheel users will get 50% off a different toy every day until Dec. 24. Also, from now until Christmas, Cartwheel will feature more than 150 offers at 25% off or more.

Orders placed at Target.com through Dec. 20 can still be delivered by Christmas. After Saturday, Customers can use Target’s Store Pickup option.

December 15, 2014

In the third quarter 2014 edition of Target Supplier News, check out what’s on the mind of new Target chairman and CEO Brian Cornell as the retailer heads into the holidays and beyond.

In the third quarter 2014 edition of Target Supplier News, check out what’s on the mind of new Target chairman and CEO Brian Cornell as the retailer heads into the holidays and beyond.

 

December 15, 2014

The fourth quarter edition of Walmart Supplier News is now available for viewing.

The fourth quarter edition of Walmart Supplier News is now available for viewing. This digital edition is brought to you by Delta Associates and is available by clicking here. Walmart Supplier News is published quarterly and is your source for insight and analysis of the business issues and trends involving Walmart, its trading partners and service companies.

 

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 12, 2014

Bounty created new sales opportunities for retailers by putting its “quicker picker upper” heritage to the ultimate test as sponsor of the 14th Annual AKC/Eukanuba National Championship.

Bounty created new sales opportunities for retailers by putting its “quicker picker upper” heritage to the ultimate test as sponsor of the 14th Annual AKC/Eukanuba National Championship.

If there is ever a time when a paper towel brand doesn’t want to betray the trust of consumers it’s when they are cleaning up after their beloved pet. So what better place to put the capabilities of the Bounty brand to the test, and create sales opportunities for retailers in the process, than by sponsoring one of the nation’s largest dog shows.

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

The globalization of Walmart’s domestic operations continued this week with the appointment of Judith McKenna to the role of chief operating office for Walmart U.S.

The globalization of Walmart’s domestic operations continued this week with the appointment of Judith McKenna to the role of chief operating office for Walmart U.S.

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 11, 2014

Walmart’s integrity suffered a blow this week in a Bloomberg piece with the inflammatory headline, “How Walmart made its crumbling China business look so good for so long.” 

Walmart’s integrity suffered a blow this week in a Bloomberg piece with the inflammatory headline, “How Walmart made its crumbling China business look so good for so long.”

December 11, 2014

University of Arkansas alumni Ann and Gene Bordelon have contributed $100,000 to establish the Faculty Innovation Endowed Fund for the benefit of the Sam M. Walton College of Business. 

University of Arkansas alumni Ann and Gene Bordelon have contributed $100,000 to establish the Faculty Innovation Endowed Fund for the benefit of the Sam M. Walton College of Business.