Content about Economy of the United States

September 19, 2014

The merger between Albertsons and Safeway is expected to close in a few months and when it does the combined company already has a new senior leadership and field operations structure in place.

The merger between Albertsons and Safeway is expected to close in a few months and when it does the combined company already has a new senior leadership and field operations structure in place.

The companies late Friday announced key leadership positions it said drew on strong talent within both organizations to build an innovative, customer-focused and growth-driven company.

September 19, 2014

Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.

Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.

Home Depot shares touched a 52-week high of $93.75 on Friday a day after the company disclosed details about an extensive data breach which went undetected for months and compromised the information of 56 million customers.

September 19, 2014

The Clorox Company’s board of directors has promoted Benno Dorer to CEO, effective Nov. 20. At that time, Donald R. Knauss will continue serving on the board in a newly created executive chairman role.

The Clorox Company’s board of directors has promoted Benno Dorer to CEO, effective Nov. 20. At that time, Donald R. Knauss will continue serving on the board in a newly created executive chairman role.

Knauss has served as chairman and CEO of the company since October 2006. Since January 2013, Dorer, 50, has served as EVP and chief operating officer, cleaning, international and corporate strategy.

September 19, 2014

R.J. Reynolds Tobacco Company has appointed Debra A. Crew president and chief commercial officer, effective Oct. 1. Crew is currently the president and general manager of PepsiCo North America Nutrition.

R.J. Reynolds Tobacco Company has appointed Debra A. Crew president and chief commercial officer, effective Oct. 1. Crew is currently the president and general manager of PepsiCo North America Nutrition.

September 19, 2014

Undeterred by pet specialty heavyweights PetSmart and Petco, Pet Supermarket just opened its 150th location and has plans for more.

Undeterred by pet specialty heavyweights PetSmart and Petco, Pet Supermarket just opened its 150th location and has plans for more.

The forty year old Sunrise, Fla.-based company recently opened its 150th location in the central Florida town of Bartow and indicated it plans additional growth while stopping short of providing a specific expansion target. The company’s stores measure about 7,500-sq.-ft. and are currently concentrated in states such as Georgia, Alabama, North Carolina, South Carolina, Tennessee, Texas, Kentucky, California and Nevada.

September 18, 2014

Two new Kindle e-readers from Amazon hit the market next month with a host of new features beyond the typical thinner and lighter claims.

Two new Kindle e-readers from Amazon hit the market next month with a host of new features beyond the typical thinner and lighter claims.

September 18, 2014

Ace Hardware has expanded its partnership with eBay Enterprise to enhance its omnichannel capabilities as the company ramps up its efforts to stay competitive, drive sales and acquire new customers.

Ace Hardware has expanded its partnership with eBay Enterprise to enhance its omnichannel capabilities as the company ramps up its efforts to stay competitive, drive sales and acquire new customers.

September 18, 2014

Kroger plans to open three new fuel center locations this week — in Abingdon, Virginia; Decatur, Georgia; and Louisville, Kentucky — that bring the company's fuel center locations total to 2,000.

Kroger plans to open three new fuel center locations this week — in Abingdon, Virginia; Decatur, Georgia; and Louisville, Kentucky — that bring the company's fuel center locations total to 2,000.  

Kroger operates 1,275 supermarket fuel centers and 725 convenience stores with fuel. Combined, the company sells fuel in 37 states and is the third-largest owner-operator of fuel centers in the United States.

September 18, 2014

Retail industry veteran Marty Hanaka has joined Highland Consumer Partners as one of the firm’s operating partners.

Retail industry veteran Marty Hanaka has joined Highland Consumer Partners as one of the firm’s operating partners.

Hanaka has held senior leadership positions with numerous retailers throughout his lengthy career. Most recently, he served as interim CECO of Guitar Center and from 2007 to 2012 he held the positions of chairman and CEO at Golfsmith. From 1998 to 2004 he served as CEO and chairman of The Sports Authority. Prior to that he spent three years as COO of Staples and also held senior leadership roles during a 20 year career at Sears.

September 18, 2014

With word this week that Walmart will rebrand its small format Express stores under the Neighborhood Market banner, there will be plenty of interest in an upcoming presentation by the retailer’s vp of small formats.

With word this week that Walmart will rebrand its small format Express stores under the Neighborhood Market banner, there will be plenty of interest in an upcoming presentation by the retailer’s vp of small formats.

Marc Lieberman, vp of small formats for Walmart U.S., is slated to speak at a Doing Business in Bentonville event on Thursday, October 9. at the John Q. Hammons Center in Rogers, Ark., from 7 a.m. to 9 a.m.

September 17, 2014

PepsiCo’s top marketer and a former top Macy’s executive are the newest members of off-price retailer Burlington Stores board of directors.

PepsiCo’s top marketer and a former top Macy’s executive are the newest members of off-price retailer Burlington Stores board of directors.

The operator of more than 500 stores expanded its board to eight members with the addition of Frank Cooper III, chief marketing officer, global consumer engagement for PepsiCo’s global beverages group, and William “Mac” McNamara, former chairman and CEO of Macy’s Midwest division.

September 17, 2014

Trendy teen retailer Hot Topic is banking on the popularity of the upcoming animated movie The Book of Life to drive sales of an exclusive merchandise offering inspired by the 20th Century Fox and Reel FX Animation Studios film.

Trendy teen retailer Hot Topic is banking on the popularity of the upcoming animated movie The Book of Life to drive sales of an exclusive merchandise offering inspired by the 20th Century Fox and Reel FX Animation Studios film.

The movie arrives in theaters October 17 and Hot Topic in partnership with Twentieth Century Fox Consumer Products has introduced a graphically-stunning limited-edition collection of fashion apparel inspired by the fantasy-adventure film.

September 17, 2014

The Network of Executive Women (NEW) has confirmed retail executives from Walgreens, Home Depot, Family Dollar, Publix and Walmart as featured participants at the organization’s Leadership Summit this fall.

The Network of Executive Women (NEW) has confirmed retail executives from Walgreens, Home Depot, Family Dollar, Publix and Walmart as featured participants at the organization’s Leadership Summit this fall.

September 17, 2014

Leading accessories retailer Claire’s plans to open 100 of its distinctive branded shops with thousands of products within Toys “R” Us stores worldwide by year end and alluded to the possibility of more locations to come.

Leading accessories retailer Claire’s plans to open 100 of its distinctive branded shops with thousands of products within Toys “R” Us stores worldwide by year end and alluded to the possibility of more locations to come.

September 16, 2014

Target has entered the “top toy” fray with a list filled with familiar brands, exclusive offering and boutique products designed to inspire creative play and reinforce Target’s differentiation.

Target has entered the “top toy” fray with a list filled with familiar brands, exclusive offering and boutique products designed to inspire creative play and reinforce Target’s differentiation.

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 15, 2014

Six of the nation’s largest food companies and the Walmart Foundation are appealing to Americans with an innovative digital campaign to direct $3.7 million in donations to food banks.

Six of the nation’s largest food companies and the Walmart Foundation are appealing to Americans with an innovative digital campaign to direct $3.7 million in donations to food banks.

September 15, 2014

Macy’s and Bloomingdale’s will be among the first retailers to support the new Apple Pay mobile payment system, which will be available beginning this fall on new iPhone 6 and iPhone 6 Plus mobile devices, as well as on the newly unveiled Apple Watch. It’s just part of the company’s expanding omnichannel strategy.

Macy’s and Bloomingdale’s will be among the first retailers to support the new Apple Pay mobile payment system, which will be available beginning this fall on new iPhone 6 and iPhone 6 Plus mobile devices, as well as on the newly unveiled Apple Watch. It’s just part of the company’s expanding omnichannel strategy.

September 12, 2014

Foot Locker has enlisted crowdsourced delivery service Deliv so it can offer online customers same-day delivery.

Foot Locker has enlisted crowdsourced delivery service Deliv so it can offer online customers same-day delivery.

Deliv's Application Programming Interface (API) connects directly to Footlocker’s website, allowing shoppers to select same-day or next day delivery for $5.

September 11, 2014

Walmart released its top toy list for 2014 the same day Toys “R” Us unveiled holiday strategies at its flagship store in New York.

Walmart released its top toy list for 2014 the same day Toys “R” Us unveiled holiday strategies at its flagship store in New York.

September 11, 2014

Kroger reported total sales of $25.3 billion, representing an increase of 11.6% for its second quarter. Total sales, excluding fuel, increased 12.4% in the second quarter over the same period last year.

Kroger reported total sales of $25.3 billion, representing an increase of 11.6% for its second quarter. Total sales, excluding fuel, increased 12.4% in the second quarter over the same period last year.

September 11, 2014

RadioShack posted a net loss of $137.2 million in its second quarter, more than double the $52.2 million loss reported in the year-ago period. It was the troubled retailer’s 10th straight quarterly loss.

RadioShack posted a net loss of $137.2 million in its second quarter, more than double the $52.2 million loss reported in the year-ago period. It was the troubled retailer’s 10th straight quarterly loss.

RadioShack warned in a regulatory filing it may seek bankruptcy protection, with a possible sale or third-party investment as other potential avenues to remedy its ongoing financial woes.

September 11, 2014

Walmart unveiled new details regarding the digital strategy for its Asda division in the United Kingdom that could have implications for how the retailer serves the U.S. market.

Walmart unveiled new details regarding the digital strategy for its Asda division in the United Kingdom that could have implications for how the retailer serves the U.S. market.

U.K. shoppers love the internet and Walmart’s Asda unit is responding with growth of order online, pick up in store capabilities known as Click and Collect, dedicated facilities and the consolidation of Web sites.

September 10, 2014

Stein Mart plans to open six new stores this fall just in time for Christmas. The store openings are part of the company’s 2014 store expansion plan, which includes nine new locations, strategically selected in key growth markets, and seven relocations.

Stein Mart plans to open six new stores this fall just in time for Christmas. The store openings are part of the company’s 2014 store expansion plan, which includes nine new locations, strategically selected in key growth markets, and seven relocations.

The openings will bring the company's total nationwide store count to more than 270.

September 8, 2014

CVS Health has completed the purchase of Miami-based Navarro Discount Pharmacy.

CVS Health has completed the purchase of Miami-based Navarro Discount Pharmacy.

The acquisition includes Navarro's 33 retail locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases. The retail pharmacies will retain the Navarro Discount Pharmacy name.