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Retail News

Covering the latest news in the retail industry

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Pepsi Inks Iraqi Deal

PepsiCo has signed a deal with Baghdad Soft Drinks Co. to bottle and distribute Pepsi products in Iraq.

Governator Brew Blows Them Away

Portland Brewing has rolled out a limited number of “Governator” beers in honor of Arnold Schwarzenegger’s victory in the Calfornia recall election.

Home Depot Acquires Flooring Business

Home Depot, announced the purchase of Creative Touch Interiors (CTI), a leading turnkey design center provider for major homebuilders in Southern California and Las Vegas. Terms of the deal were…

Plaisance Leaves Safeway, Joins Del Monte

The former senior vice president, Investor Relations and Public Affairs for Safeway, Melissa Plaisance has joined Del Monte Foods as its senior vice president, Finance and Corporate Communications.

Staples Woos Small Business Customers

The office-supply chain is turning its focus to small businesses and institutions in response to sharp competition for consumer and big business dollars.

7-Eleven To Open Stores in China

7-Eleven has announced it has won approval from the Chinese Ministry of Commerce to open stores as part of a joint venture with Beijing ShouLian Commercial Group Co. and China…

Outback Steak House Sales Sizzle

The restaurant chain announced that locations open at least 18 months had sales increases of 2.5 percent in December.

Walgreen Profits Up

Earnings per share of the country’s largest drugstore chain were up 25 cents in the last quarter.

Tesco Goes On Price War Offensive

The UK’s leading supermarket chain, Tesco, has announced it is cutting prices by an average of eight percent on over 600 items sold in its stores.

Gillette CEO In Line for $4 Million Bonus

An increase in the value of Gillette’s shares at the end of 2003 could mean the company’s chief executive, James Kilts, may receive an additional $4 million as part of…

Will Sears Sell Real Estate

Sears chairman Alan Lacy has focused efforts into selling company assets for cash. Will company real estate be next?

UFCW Sues Ralphs

The United Food and Commercial Workers Union (UFCW) has file a lawsuit in Los Angeles Superior Court against Ralphs claiming the supermarket chain has been illegally rehiring workers under false…

Toy Store Sales Off At Christmas

Sales of toys in toy stores dropped nearly eight percent during the Christmas shopping period according to MasterCard Advisors, a unit of MasterCard International.

Japanese Not Convinced of US Beef Safety

Vice Agriculture Minister Yoshiaki Watanabe of Japan said U.S. efforts to protect against mad cow disease were not as effective as those used by his country.

Ex-CFO of Parmalat Wishes Reporters Dead

Fausto Tonna, the former chief financial officer of Parmalat, who was arrested last week as part of the fraud scandal investigation told reporters while being transported for interrogation, “I wish…