North American News
Wal-Mart pushing more groceries
Neil Currie, analyst at UBS Investment Research, notes the retailer has been testing an expanded selection of fresh food at a Wal-Mart discount store in White Plains, N.Y.
Sobeys to Charge for Bags in Ontario
Sobeys, Foodland and IGA stores in Ontario will begin charging 5 cents per plastic shopping bag in an initiative to reduce waste and encourage recycling, operator Sobeys here said Wednesday.
Weis Markets 1st Quarter Earnings Increase 82.4%
Weis Markets, Inc. today said its first quarter net income increased 82.4% to $16.5 million compared to the same period a year ago and that its basic and diluted earnings per share increased $.27 to $.61 per share.
Head of fast-growing Hobby Lobby chain explains its success
The founder and chief executive of the fast-growing arts, crafts and home decor chain, Hobby Lobby, says its sales are up in the midst of the U.S. recession that has battered other retailers, and the company remains on pace to open up to 30 new stores this year.
South American News
CBD Expansion of discount and convenience stores to drive future revenue growth.
Going forward, the company will focus on the expansion of discount (Assai) and convenience store (Extra Perto and Extra Facil) formats. The Extra format stores are relatively smaller in size with a good mix of food and non-food products, providing an opportunity for the company to increase its sales per square meter.
Australian and Asian News
Tesco Malaysia to open 5 more stores
Tesco Stores (M) Sdn Bhd will open at least five more stores this year, said Tesco Malaysia chief executive officer Chris Bush.
Coles makes loss on online medicines
Wesfarmers has taken a step backwards in its attempt to sell pharmaceuticals through its Coles supermarkets, offloading its online medicines business Pharmacy Direct at a large loss.
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