Convenience store operator 7-Eleven Inc. is the mystery bidder for Casey’s General Stores Inc. trying to top a Canadian rival, according to a published report. Get the full story »
Filed under: Retail
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Schutt Sports files for Chapter 11
Litchfield-based Schutt Sports Inc., a maker of football helmets, face guards and other protective sports gear, said today that it has filed for Chapter 11 bankruptcy protection.
“This process will allow us to continue operating our business as usual and to continue servicing our customers without disruption,” Schutt Chief Executive Robert Erb said. ” We have the support of our bank, a great brand and look forward to strengthening our balance sheet and serving our customers for years to come.” Get the full story »
Ulta shares soar 18% on 2Q profit
Shares of Bolingbrook-based Ulta Salon, Cosmetics & Fragrance Inc. soared 18 percent to a 12:30 price of $26.25 Friday as investors reacted to a sweet-smelling quarterly profit report and outlook.
The stock, which has been in relatively steady ascent during the past 18 months, is closing in on its 52-week high of $26.75. Get the full story »
Walgreen boosts August sales, expands home infusion
Deerfield-based Walgreen Co. said it ended its fiscal year Aug. 31 with an 8.6 percent gain in during the month to $5.66 billion. That brought the 12-month total to $67.4 billion, a 6.5 percent gain over fiscal 2009.
The company also said it has engineered a swap with elderly-care specialist Omnicare Inc. in which Omnicare will buy Walgreens’ long-term care pharmacy unit while Walgreens will acquire Omnicare’s home-infusion business. Get the full story »
U.S. retailers’ August sales beat estimates
U.S. retailers posted better-than-expected sales in August as consumers sought out bargains during the key back-to-school selling season. Get the full story »
Target adding 5 in-store clinics in Chicago
Target will open five retail health clinics in the area next week. (Phil Velasquez/ Tribune)
Target Corp., renewing its push into retail medicine, will open five clinics in Chicago area stores, giving a boost to a form of health care delivery that has seen slower growth amid the economic downturn.
Like its rivals, Target’s clinics will be open seven days a week with no appointment needed. They treat patients for routine illnesses and injuries such as ear and sinus infections, skin treatments and certain vaccinations. Get the full story »
Chrysler introduces dealers to Fiat
Chrysler on Monday told 400 dealers about its plans to bring the Fiat brand back to the U.S. after a 30-year absence, starting with the Fiat 500 minicar later this year.
Fiat-run Chrysler Group LLC hopes the tiny Italian car can boost its lackluster sales when it comes to the U.S. in December. Chrysler wants the bulb-shaped 500 to become a strong contender in the small-car market, where it has struggled for years. Get the full story »
Aug. 30, 2010 at 12:14 p.m.
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Filed under: Cell phones, Consumer electronics, Consumer news, Food, Internet, Retail, Technology Meijer introduces digital coupon program
Meijer Inc. said Monday it is launching a new digital coupon program where shoppers can choose coupons from the store’s Web site and redeem them by entering their mobile phone numbers at check-out.
The mPerks program rolls out this week at the superstore chain’s 196 stores in Illinois, Michigan, Ohio, Indiana and Kentucky. Customers can sign up for an account linked to their personal cell phone number at mperks.meijer.com. Shoppers select coupons from the site to be stored in their account. At check-out, keying in the phone number redeems all applicable coupons. Get the full story »
Sears hires top marketing exec David Friedman
Sears Holdings Corp. hired Razorfish executive David Friedman to take the retailer’s top marketing post, replacing Richard Gerstein, who resigned in May.
Friedman, 46, begins his job as senior vice president and president of Sears’ marketing business unit on Sept. 13.
He was most recently president of the Americas at Razorfish in Chicago, a digital marketing company, where he was head of the firm’s retail and consumer goods practice. Before that, Friedman spent 10 years with Accenture, formerly Andersen Consulting, as an associate partner working with retail and consumer products companies. Get the full story »
Barnes & Noble says Burkle not fit for board
Barnes & Noble Co. said activist investor Ronald Burkle was unqualified to be on its board and accused the billionaire of trying to take over the bookseller through a proxy battle without rewarding shareholders. Get the full story »
Barnes & Noble posts 1Q loss on legal costs
Barnes & Noble Inc. posted a first-quarter loss on legal expenses related to its proxy fight with a major shareholder, the struggling book seller said Tuesday. The company cut its annual earnings outlook on the costs related to fighting billionaire financier Ron Burkle.
Ex-McDonald’s president joins Lowe’s board
Home improvement retailer Lowe’s Cos. announced Friday the appointment of Raul Alvarez, former president and chief operating officer of McDonald’s Corp., to its board. He will serve on the board’s governance and audit committees. Get the full story »
Judge approves General Growth disclosure plan
A hearing on a plan that will enable General Growth Properties Inc. to emerge from the largest real estate bankruptcy in U.S. history has been scheduled for October 21, after a judge approved the proposal that will be sent out to shareholders.
U.S. Bankruptcy Court Judge Allan Gropper approved on Thursday the statement outlining the plan and set October 7 as the voting date for shareholders and others who will not get all their investment back.
The case is unique in bankruptcy proceedings because shareholders will receive money, and because bondholders and other creditors will be repaid in full and therefore cannot vote on the restructuring plan. Get the full story »
Old Navy revival lifts Gap in 2Q
Rising sales at its low-price Old Navy chain helped Gap Inc. post a 3 percent increase in second-quarter net income, Gap said Thursday.
Based in San Francisco, Gap also operates Banana Republic and Gap stores, plus its websites including its Piperlime online business. And it affirmed a profit outlook for the year that is in line with Wall Street estimates. Get the full story »
