Tuesday, September 30, 2014

Walgreen posts 4Q loss on Alliance-Boots charge

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance-Boots acquisition, but the drugstore chain's results still met Wall Street expectations.

Walgreen Co. said Tuesday that it recorded a non-cash loss of $866 million in the quarter that ended Aug. 31 because it decided to exercise early its option to buy the remaining stake in Alliance-Boots that it did not already own.. . . more

State attorneys investigating Family Dollar acquisition plans

Family Dollar Stores Inc. says “certain state attorneys general” have launched an investigation into its proposed merger with Dollar Tree Inc., as well as Dollar General Corp.’s ongoing attempts to acquire Family Dollar, according to a U.S. Securities and Exchange Commission filing.

The Matthews-based discount retailer announced in late July that it would be acquired by Dollar Tree in a deal valued at $8.5 billion.. . . more

Exeter Hannaford plans drive-through grocery service

Hannaford customers may soon be able to grocery shop from the comfort of their home.
The Maine-based supermarket chain is proposing to add a curbside grocery pick-up service in the parking lot of its store at 137 Portsmouth Ave.
The new “Hannaford-to-Go” is a service that would allow customers to place orders online. Employees would then pack their groceries.
- See more at: http://www.seacoastonline.com/article/20140929/NEWS/140929303#sthash.SqgG6dOH.dpuf


Hannaford customers may soon be able to grocery shop from the comfort of their home.
The Maine-based supermarket chain is proposing to add a curbside grocery pick-up service in the parking lot of its store at 137 Portsmouth Ave.
The new “Hannaford-to-Go” is a service that would allow customers to place orders online. Employees would then pack their groceries.. . . more

Family Dollar to match competitor ads

Family Dollar Stores Inc. launches its “Ad Match Promise” program on Sept. 30. When presented with a local competitor’s printed advertisement, Family Dollar stores will match the competitor’s price.

As part of the “Ad Match Promise” program, Family Dollar will match competitors’ loyalty card promotions when they are printed in a competitor’s ad, with no loyalty card needed. Additionally, the Company will also match BOGO or “Buy One Get One” offers, as long as the price of the item is specified in the ad.. . . more

Microsoft plans NYC flagship store; 10 new stores for holidays

Microsoft will open its first flagship location, on Fifth Avenue in Manhattan. Along with retail, the store will have experiential space for the tech giant to engage with customer.

In addition, Microsoft plans to open 10 new stores across the U.S. in time for the 2014 holiday season, while the flagship New York store is being built.. . . more

Preview: KeyPoint Report for Greater Hartford, CT

From the latest KeyPoints retail newsletter:

With the releases of The KeyPoint Reports on Eastern Massachusetts/Greater Boston and Southern New Hampshire behind us, it’s time to move onto the report for Greater Hartford, Connecticut, based on our proprietary GRIID™ retail database. As with the other reports, our modus operandi is to share some of the regional highlights while the complete version is still “baking”. In Greater Hartford, the 2014 retail market traveled further down the road to stability.. . . more

New hack attack at Albertsons, Supervalu stores

Card data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday.

The companies said that in late August or early September, malicious software was installed on networks that process credit and debit card transactions at some of their stores.

The breach could affect Shaw's and Star Markets stores in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. . . . more