The Australian sharemarket closed half a per cent higher, buoyed by the big banks and a major restructure by Boral, one of the nation's biggest manufacturers. At the close today, the benchmark S&P/ASX 200 index was 21.8 points, or 0.46 ...
Tags: Stocks, Australian sharemarket, share price
US retailer Meijer has appointed J.K. Symancyk as president of the company, one year after he assumed the role of chief operating officer. Meijer also announced yesterday (15 January) it has moved current president Mark Murray to the new ...
US retailer Supervalu has downplayed reports it is "nearing" a deal that would see Cerberus Capital Management buy some parts of the firm and take a stake in the rest of the company. According to a Wall Street Journal report citing ...
Tags: Supervalu, Cerberus Capital Management, company news, sales and profits
Predictive analytics helps firms to get "about three per cent better at guessing" what a consumer would like to buy, according to the founder and chief of Applied Predictive Technologies (APT), Jim Manzi. "Realistically, what predictive ...
Tags: Predictive analytics, Applied Predictive Technologies, Computer Products
The chairman and CEO of US retailer Safeway Inc, Steve Burd, has announced his intention to retire. Burd, who joined Safeway in 1992 as president, will step down at the company's annual stockholders meeting on 14 May. The group said it ...
Tags: Safeway, Steve Burd, retire, company news
The US-based bohemian-inspired retail clothier Free People has penetrated the overseas market by launching its debut UK e-commerce site. The Pennsylvania-based affordable clothing brand, known for its hippy-styled ensembles, plans to ...
Tags: retail clothier, gypsy-style cotton dresses, colourful lacy briefs
US retailer Save Mart is to hold talks with union officials in a bid to resolve a dispute over cuts being made to staff salaries and health care. Save Mart's offer for discussions follow a union vote in which a majority of members backed ...
Tags: Save Mart, union officials, dispute, staff salaries, health care
US retailer Target Corp. lifted its full-year profit guidance today (15 August) on the back of strong second-quarter results. Target raised its earnings per share forecast by five cents a share to a guidance range of $4.65 to $4.85. GAAP ...
Tags: Target, full-year profit, second-quarter results, earnings
US retailer Supervalu, battling to revitalise its business, has decided to close around 60 stores. Supervalu, which has a network of about 4,400 outlets across the US, said it would shut the "under-performing or non-strategic stores" in ...
Tags: Supervalu, under-performing stores, non-strategic stores
A sale of Supervalu to private-equity firm Cerberus Capital Management could lead to a break-up of the US retailer, sources have told Reuters. Buyout firm Cerberus is reported to be preparing a takeover bid for Supervalu, with an eye ...
Tags: Supervalu, takeover bid, Buyout, falling sales
Under-pressure US retailer Supervalu Inc today (30 July) announced CEO Craig Herkert has left the company. Supervalu, which is battling to revitalise its business after three years of falling gross profit and identical-store sales, said ...
Tags: Supervalu, Craig Herkert, falling gross profit, falling sales
US retailer Supervalu Inc has appointed Bill Parker as interim president of its Farm Fresh food and pharmacy banner. Parker will take the helm of the 43-store division on 15 September, replacing Gaelo de la Fuente who is leaving the ...
Tags: Supervalu, Bill Parker, interim president, Farm Fresh food
US retailer Supervalu Inc has kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales. Supervalu, which has around 4,400 stores in the US, is looking at "strategic ...
Tags: Supervalu, strategic review, falling sales, sale of the company
US retailer Kroger will stop selling fresh sprouts today (22 October) over concerns that the vegetable represents a food safety risk. According to Payton Pruett, Kroger's vice president of food safety, the decision was based on the ...
Tags: Kroger, fresh sprouts, vegetable, food industry
US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...
Tags: Kroger, profit, earnings rise, profit forecast