Arthur T. Demoulas offers to purchase Market Basket
Former Market Basket president Arthur T. Demoulas offered to buy out the 50.5 percent of company owned by his cousin and his family. “The Arthur T. Demoulas side of the […]
Read MoreDollar Tree Purchases Family Dollar for $8.5 Billion
Dollar Tree officials agreed to purchase rival Family Dollar for approximately $8.5 billion in cash and stock, a move that would fuse two of North America’s largest deep-discount retailers. The […]
Read MoreTarget Names New Chairman and CEO
Brian Cornell will join Target Corp. as the new chairman and CEO, effective Aug. 12. Cornell replaces John Mulligan, CFO an evp, Target’s interim CEO, following Gregg Steinhafel’s resignation in […]
Read MoreFresh and Easy Debuts Wild Oats Products
Fresh & Easy Neighborhood Market is now offering products under the Wild Oats brand at all of its locations. Fresh & Easy, based out of El Segundo, Calif., has 167 […]
Read MoreFresh Thyme Farmers Market Announces “Aggressive” Roll Out Plan
Fresh Thyme Farmers Markets representatives announced an “aggressive” roll-out plan that includes opening more than 60 stores and creating roughly 5,000 new jobs across the Midwest during the next five […]
Read MoreWeis Markets’ CEO Leaves Grocer
Weis Markets officials announced last week CEO David Hepfinger abruptly left the company. Hepfinger submitted his resignation from his position as CEO and his seat on the board of […]
Read MoreC&S Wholesale names President
C&S Wholesale Grocers appointed Mark Verdi to serve as president, a new position for the company. Verdi will assume his new role on March 1, assuming responsibilities of day-to-day […]
Read MoreSchnuck Markets
Todd Schnuck will succeed his brother Scott Schnuck as CEO of retailer Schnuck Markets, starting in March. Scott Schnuck served as CEO for eight years. During his tenure, the […]
Read MoreFamily Dollar
Family Dollar officials ousted president and COO Michael Bloom following disappointing financial results. The company’s comparable sales dropped by 2.8 percent during the first quarter, which ended Nov. 30, […]
Read MoreWal-Mart Continues Canadian Expansion
Wal-Mart Stores, Inc. is planning to invest more than $450 million into its Canadian operations during the next year. This investment is part of the company’s push into Canada’s grocery […]
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