Costco announed it will raise its minimum hourly rate for the first time in 9 years. The retailer will raise wages by about $1.50/hour to $13-$13/hour as competitors have begun raising wages and the labor market tightens. US retailers are under [...more]
Walmart Mexico sales increased by 12.6% to MXN $31.9 billion pesos ($1.8 billion USD) in February, while comp sales increased 11.6%. Average ticket in Mexico increased 7.9% and the number of transactions increased 3.7% in February. [...more]
Roche Diabetes Care has announced that its Accu-Chek Connect system will be integrated into the Apple Health app. The Accu-Chek Connect system consists of the Accu-Chek Aviva Connect meter, an associated app, and a collaborative online portal [...more]
Target has announced that it will be increasing its spending on capital expenditure, focusing primarily on improving its supply network and technology. The retailer plans to spend $1.8 billion in 2016, which will be increased to $2.5 billion in [...more]
The German fashion retailer Tom Tailor has launched an online platform on JD.com, following its first China retail store opening in Shanghai in November 2015. The Tom Tailor platform is featured on JD Worldwide as the retailer hopes to capture [...more]
Alibaba's Ant Financial is in talks to buy a share of one of China's largest business magazines, Caixin, although no details have been released around the size or price of the stake. Alibaba has been diversifying beyond its core business of [...more]
Loblaw is expanding its line of "Naturally Imperfect" misshapen produce to British Columbia stores, which include those under the Real Canadian Superstore, Your Independent Grocer, and No Frills banners. The retailer had trialed the initiative [...more]
Sports Authority filed for bankruptcy on Wednesday and announced it is planning to close or sell 140 of its stores and two of its distribution centers in the next three months. The retailer has more than $1 billion in liabilities and between [...more]
Meijer is planning to spend $400 million in 2016 to open 9 new Meijer supercenters and remodel 32 stores. The new stores will be in Michigan, Indiana, Illinois, Kentucky and Wisconsin, while 8 of the remodeled stores will be in Michigan's [...more]
Dutch store chain Hema plans to open 40 new stores in Spain over the next 3 years. This will be a drastic increase considering the retailer currently only has 3 stores in Spain. The first new store will open in Barcelona in June and will total [...more]
Providence Health & Services has opened its first Walgreens retail clinic in Puget Sound, Washington with plans to open 25 clinics in Washington and Oregon over the next two years. The retail clinics are located in Walgreens stores and are [...more]
Rewe Group's divestiture of its Billa Romania business to Carrefour will need to undergo investigation by the Romania Competition Council. There are currently 86 Billa supermarkets in Romania, which total 83,000 square meters.
JD.com has reported its fourth quarter and full-year results with revenue growing 57% in the fourth quarter and 58% for the full year. Additionally, the online retailer's GMV increased 69% for the fourth quarter and 78% for the full year. The [...more]
Grupo Exito's full year consolidated revenues grew 219% to $33.4 billion Colombian pesos ($10.4 billion USD), which includes the full year revenues of Colombia and Uruguay and the 4 months of operations after the consolidation of Brazil and [...more]
Walgreens Boots Alliance has registered its trademark with IP Australia as it considers its options of building a retail pharmacy network in the country. Boots had previously attempted to open pharmacies in Australia, although local pharmacies [...more]
Main & Vine - Gig Harbor, Washington - Feb 2016
Walmart - Charlotte, North Carolina - Feb 2016
Target - Wesley Chapel, North Carolina - Feb 2016
Safeway - Gig Harbor, Washington - Feb 2016
Menards - Kalamazoo, Michigan - Jan 2016