| Dec 20, 2013
| 1:26 PM
Supermarket chain Aldi plans to open 650 new stores in the U.S. the next five years, part of an aggressive growth strategy that includes building a regional headquarters and distribution center in Moreno Valley, Calif.
The expansion will be the budget...
| Jan 5, 2014
| 9:57 PM
In its bleakest days in the mid-1990s, Cherokee Inc. realized it had overlooked a key asset — its name.
The Cherokee brand, which began as a shoe line in 1973, evolved into a Van Nuys clothing manufacturing company focused on women and juniors...
| Dec 11, 2013
| 1:11 PM
A Wal-Mart Stores Inc. contractor has agreed to pay $4.7 million to settle a lawsuit filed by 568 Southern California warehouse workers who said they were underpaid and denied rest and meal breaks.
A federal judge has approved the settlement between...
| Jan 24, 2014
| 4:24 PM
Wal-Mart Stores Inc. is laying off 2,300 employees in its Sam’s Club division as it tries to make its workforce leaner.
In total, 2% of the 116,000 Sam’s Club employees in the U.S. will lose their jobs. Employees were being informed of the...
| Jan 23, 2014
| 5:27 PM
Google Inc. is wading into the morass of same-day delivery pilots and programs rapidly collecting in the Southland, competing with e-commerce giants such as Amazon.com Inc.
In the first expansion of a test it launched in the Bay Area in the spring,...
| Jan 23, 2014
| 10:53 AM
Wal-Mart announced Thursday it would create a $10-million fund to help support and spur innovation in U.S. manufacturing.
Bill Simon, Wal-Mart Stores Inc.'s U.S. president, outlined some of the details of the fund at the United
States Conference of...
| Oct 23, 2013
| 2:37 PM
99 Cents Only Stores Inc. has laid off about 160 workers as the company sought to streamline costs and stay competitive.
No stores will be closed and no employers or managers at any of the chain's 332 stores were affected in Tuesday's move, according to...
| Nov 3, 2013
| 11:19 AM
Wal-Mart is worried about lousy holiday shopping, so the retail giant is pulling out its Christmas deals one whole month early -- hoping, perhaps, that the longer you are faced with a bargain, the more likely you will be to crumble.
This move comes as...
| Oct 24, 2013
| 6:11 PM
Safeway Inc. shares have climbed for two straight days on speculation of a buyout offer just weeks after the grocery giant deflected another potential takeover.
Buyout rumors erupted this week on reports that private equity firm Cerberus Capital...
| Nov 1, 2013
| 6:48 PM
U.S. food retailers are poised to take a hit as the federal government reduces its $78 billion-a-year food stamp program.
Grocery stores and other food retailers have struggled in recent years as consumers battered by high unemployment and shrinking...
| Dec 6, 2013
| 11:41 AM
Struggling Sears Holdings Corp. said Friday it will spin off its Lands' End clothing business, adding to the list of units it has been getting rid of to raise cash.
The Hoffman Estates-based company, operator of Sears department stores and the Kmart...