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“Rona restructuring hampered by weather and cautious consumers” by Marina Strauss at The Globe & Mail. “Rona Inc. is sparring with major home improvement retail rivals in a battle that has seen U.S. heavyweight Home Depot Inc. emerge as a winner as they all grapple with cautious home renovation spending. Under new leadership, […]
“Wal-Mart versus Amazon: Price isn’t everything” by Kim Souza at The City Wire. “Wal-Mart, Walmart.com and Amazon were recently part of an annual pricing study that looked a full basket of goods – Wal-Mart’s supercenter offered the greatest value with a total price of $853.08. The identical products cost $924.74 at Walmart.com, some 8% more […]
“Meet the Low-Key, Low-Cost Grocery Chain Being Called ‘Walmart’s Worst Nightmare’ “ by Brad Tuttle at Time. ” “WinCo arguably may be the best retailer in the Western U.S.,” Flickinger says while touring a WinCo store. “WinCo is really unstoppable at this point,” he goes on. “They’re Walmart’s worst nightmare.” Flickinger isn’t the only industry […]
“Wal-Mart weighs bid for Li’s Hong Kong supermarket chain” at Reuters. “Wal-Mart, the world’s largest retailer, is working with a bank as it weighs its options for ParknShop ahead of next week’s preliminary bid deadline..Last year, Wal-Mart announced plans to open 100 new stores in China over the next three years and create 18,000 […]
“CVS Caremark quarterly profit rises as sales up in both units” at Reuters. “CVS Caremark Corp posted a higher second-quarter profit on Tuesday, helped by its pharmacy benefits management business, where sales growth narrowly outpaced that of its drugstores. The drugstore and pharmacy benefits management company earned $1.12 billion, or 91 cents per share, […]
“Home Depot Co-Founder Bernie Marcus’s Mansion on Block for $3.2 Mil (Includes Heated Driveway)” by Josh Green at Curbed. “Who knew Bernie Marcus was big-pimpin’ like this? Property records confirm this stylish, 10,000 square-foot estate near Sandy Springs belongs to the Home Depot co-founder, aquarium benefactor and philanthropic all-star. Sotheby’s has listed the property […]
“Wal-Mart, retailers vie for bigger entertainment share” by Kim Souza at The City Wire. “It’s been more than three years since Wal-Mart purchased Vudu, a video-streaming service based in Silicon Valley…Retail consultant Jason Long with Shift Marketing Group, said brick and mortar retailers are likely delving into streaming media as a defensive strategy focused […]
“Target testing new baby store concept in Illinois” at The Chicago Tribune via Reuters. “Target Corp is testing a baby section with trained staff at 10 Illinois stores in a push to gain a bigger share of the shrinking but highly competitive market for baby gear…Households with children spend about 20 percent more each […]