Content about Economy of the United States

May 20, 2013
Ikea, Walmart anchor new shopping center

Ikea and Walmart are among the retailers heading to Charlotte, N.C., to anchor the Belgate Shopping Center. The new 900,000-sq.-ft. shopping center is DDR Corp.’s first ground-up domestic development in more than four years.

May 20, 2013
P&G files infringement lawsuit over tooth-whitening tech

Procter & Gamble has filed a lawsuit in the Southern District of Ohio against CAO Group, a manufacturer and distributor of dental products.

May 17, 2013
Bloomingdale’s heads to Hawaii

Bloomingdale’s is heading to Hawaii for the first time. It plans to open a 167,000-sq.-ft., three-level store at the Ala Moana Center in Honolulu on the Island of Oahu in fall 2015.

May 17, 2013
SC Johnson CEO hailed champion of literacy

Fisk Johnson, SC Johnson's chairman and CEO, has been named "Friend of the Library" by the Racine Public Library. Johnson received the award for sponsoring the Racine Reads: Dream Big! program during the 2011-2012 school year.

May 16, 2013
Big Walmart on campus

Walmart has opened a new small-format store on the campus of Arizona State University as part of a pilot program.

May 16, 2013
Tardy tax refunds, cool weather affect Walmart’s Q1

Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter.

May 16, 2013
Walmart, Starbucks execs named to PCI board

PCI Security Standards Council has appointed representatives from retail merchants such as Walmart, Woolworths Limited and Starbucks, as well as from the Retail Solution Providers Association, to its board of advisors.

May 15, 2013
Engaging employees with gamification at Walmart

Walmart has partnered with Inward Strategic Consulting to design an innovative way to engage with staff and foster what the company hopes is a fun yet productive work environment that enhances customer experience.

May 15, 2013
Kroger puts food waste to work

Kroger plans on putting food waste to good use with a clean energy production system that converts food that cannot be sold or donated into clean energy, which will help power its Ralphs/Food 4 Less distribution center in Compton, Calif.

May 14, 2013
Dollar General is hiring

Dollar General is gearing up for a nationwide career fair to be held at 170 locations in 40 states Saturday, May 18. The event is part of the retailer's efforts to hire 10,000 new employees in May.

May 14, 2013
Former Mars exec to sit on beauty brand board

Olivier Goudet, partner and CEO of the Joh. A. Benckiser Group and former CFO of Mars Inc., has been appointed global beauty brand Coty’s board of directors. Goudet replaces Bernd Beetz, who stepped down from Coty's board to pursue other interests.

May 14, 2013
Walmart escalates inspection efforts in Bangladesh

Walmart has announced plans to conduct in-depth safety inspections at every single factory in Bangladesh that produces goods for the retailer. The company says it aims to complete all reviews within six months and publicly release the names and inspection information on all 279 factories.

May 13, 2013
BJ's nips loss in the bud with new tech

BJ's Wholesale will leverage Micros-Retail's loss prevention and business analytics solution, XBR Ingenium, to increase its asset protection team’s investigative capabilities and productivity.

May 13, 2013
Former Sara Lee exec new SVP, CFO at PetSmart

PetSmart has appointed former Sara Lee executive Carrie Teffner as the company’s new SVP and CFO.

May 13, 2013
Target gets in on superhero action

Target has become the latest retailer to get its geek on. The discount retailer has teamed up with Warner Bros. Consumer Products, in partnership with DC Entertainment, and will launch an extensive summer collection of exclusive Justice League merchandise.

May 13, 2013
Walmart consumers get wireless options

Walmart plans to offer two TP-Link portable wireless networking products in 800 of its stores nationwide. TP-Link is a global provider of networking products.

May 10, 2013
Target beta tests Cartwheel

Target is beta testing a new app that allows users to save on items and share deals on Facebook. A Bullseye View, Target's online magazine, announced the introduction of Cartwheel.

May 9, 2013
300 food banks benefit from Walmart’s fight-hunger campaign

Walmart and its philanthropic arm, the Walmart Foundation, were busy working alongside notable food companies in April, as part of the corporation’s Fighting Hunger Together Initiative.

May 9, 2013
CVS expands store brand portfolio

Rite Aid has Pantry, Walmart has Great Value and now CVS/pharmacy has added Total Home, a new home care product line available exclusively at CVS/pharmacy stores nationwide, to its store brand portfolio.

May 9, 2013
Retailers see mixed results in April

The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.

May 9, 2013
Target sets bull’s-eye on fall with new collection

Summer’s not yet here, but Target has its bull’s-eye set on fall. The discount retailer is teaming up with designer Phillip Lim on an exclusive collection for women and men.

May 9, 2013
Walmart encourages customers to give back

As part of its philanthropic efforts, Walmart is holding a fundraiser between now and Friday, June 21 benefiting Children’s Miracle Network Hospitals.

May 9, 2013
Walmart gets in on conservation effort

Walmart’s Acres for America program, a conservation partnership with the National Fish and Wildlife Foundation, is working on new projects in Arkansas, New Mexico, Nebraska, Wisconsin, New Hampshire, Maine and Oregon.

May 8, 2013
Elavon names former Citibank exec CEO

Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has promoted Simon Haslam to the position of president and CEO. Haslam succeeds Mike Passilla, who recently departed the company.

May 8, 2013
Foot Locker to acquire Runners Point Group

Foot Locker has started the ball rolling toward acquiring Runners Point Warenhandelsges, a specialty athletic store and online retailer based in Recklinghausen, Germany, for a total cash consideration of approximately $94 million.

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