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Economy Watch - Dollar Stores Still U.S. Retail Winners
Dollar stores, one of the few categories of retail winner during 2009 (besides Wal-Mart), keep piling on the positive numbers. Dollar General Co. reported numbers for its second fiscal quarter on Thursday, turning in 8.6 percent increase in same-store sales compared with 2Q08. Its quarterly net income increased 238 percent. -
Walmart Asia President and CEO Named
Wal-Mart Stores, Inc. has appointed Scott Price EVP, president and CEO, Walmart Asia. Effective Oct. 15, Price will report directly to Doug McMillon, president and CEO, Walmart International, and have responsibility for the company’s current operations in Asia, including China, India and Japan, in addition to business development in the Asia region.