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Toshiba Appoints Stephen Markham SVP Of Portfolio Management

Toshiba Appoints Stephen Markham SVP Of Portfolio Management

Toshiba Global Commerce Solutions has appointed Dr. Stephen K. Markham Senior Vice President of portfolio management. Dr. Markham will be responsible for product planning and execution of the Toshiba POS...

Pesco Promoted To CEO Of Save Mart

Pesco Promoted To CEO Of Save Mart

The apple doesn’t fall far from the grocer’s tree. Nicole Piccinini Pesco, daughter of the late Robert “Bob” Piccinini, longtime owner and chairman of the 206-store Save Mart chain, has...

Howard Schultz To Step Down As Starbucks CEO In April 2017

Howard Schultz To Step Down As Starbucks CEO In April 2017

One of the country's best-known CEOs, Howard Schultz, will give up that role effective April 3, 2017. This will mark the end of Schultz' second stint in a position where...

Mergers & Acquisitions

Staples Sells Majority Stake In European Business

Staples Sells Majority Stake In European Business

Staples is selling a controlling interest in its European operations to an affiliate of private investment firm Cerberus Capital Management for $53.6 million, as the struggling office supplies retailer continues...

Shopify Acquires Tiny Hearts To Broaden Mobile Offerings

Shopify Acquires Tiny Hearts To Broaden Mobile Offerings

E-Commerce solution provider Shopify has acquired Tiny Hearts, a digital product studio and creator of consumer-facing apps such as Quick Fit, Next Keyboard and Wake Alarm. The acquisition will include...

Supervalu Officially Sells Off Save-A-Lot For $1.4 Billion

Supervalu Officially Sells Off Save-A-Lot For $1.4 Billion

Supervalu has finalized the sale of its discount grocery brand Save-A-Lot to an affiliate of private equity firm Onex Corporation for $1.365 billion in cash, earlier than the initially anticipated...

Financial News

Goldman Sachs Leads Latest Hubba Funding Round

Goldman Sachs Leads Latest Hubba Funding Round

Hubba, an online destination for brands to showcase their wares to retailers, has secured a significant minority investment from a group led by Goldman Sachs Investment Partners. While Hubba has...

Dollar General Sales Take Hit From Competition, Food Stamp Cuts

Dollar General Sales Take Hit From Competition, Food Stamp Cuts

A week after Dollar Tree released an upbeat earnings report fueled by a 1.7% same store sales jump and a nearly $90 million net income increase, rival Dollar General illustrated...

Deflated Food Prices Fuel 8.6% Q3 Loss For Kroger

Deflated Food Prices Fuel 8.6% Q3 Loss For Kroger

Cheaper food certainly makes grocery shoppers happier as they exit the checkout lane, but America’s largest supermarket chain isn’t feeling the same positivity. Kroger reported an 8.6% net loss in...