Wal-Mart looks to future at annual meeting
The CEO of Wal-Mart Stores called on associates to reimage the chain’s future at the company’s 46th annual shareholders meeting.
Finance
Village Super Market profit slumps during Q3
Several factors conspired to produce a drop in net income at Village Super Market Inc. during the third quarter of fiscal 2016, despite a slight bump in sales.
Conn’s names new CFO as Q1 disappoints; will open 10-12 stores
Specialty electronics and furniture chain Conn’s Inc. is shuffling its executive ranks as it swings to a net loss in the first quarter of fiscal 2017.
Pandora extends Synchrony financing agreement
Synchrony Financial will continue to offer consumer financing to Pandora Jewelry customers.
Ascena Retail sales disappoint; cuts guidance
A cold spring helped dampen sales and earnings at one of the nation’s leading apparel companies.
Penney refinancing real estate loan
J.C. Penney Co. said Wednesday it is proposing to refinance a $2.25 billion senior secured term loan, and to extend the maturity of the loan, which is currently set at May 2018.
Focus on New York market helps boost Ahold USA Q1 sales by 4%
Ahold USA first quarter sales were up 4% to $8.2 billion.
Salesforce becomes e-commerce power with Demandware purchase
The e-commerce landscape just shifted with the announcement Salesforce will purchase Demandware for $2.8 billion.
Office Depot regrouping
Office Depot Inc. is regrouping less than a month after a federal judge blocked the chain’s planned acquisition by rival Staples Inc., causing the two companies to abandon the deal.
Big Lots makes big splash with profit growth, healthy sales
Another value retailer has posted a stellar first quarter, outshining traditional department stores and many specialty stores.