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Stock in Whole Foods Market was up more than 22% Thursday after funds associated with Ron Burkle’s Yucaipa Cos. revealed they had acquired 7% of the retailer on the open market.
Wal-Mart Stores said yesterday Doug McMillon, president and chief executive officer of Sam's Club for the past three years, has been named president and CEO of Wal-Mart International, the company's second largest operating segment, effective Feb. 1.
Supervalu on Wednesday said it would close 50 struggling stores by next month and slash its capital budget for the coming fiscal year, as it continues to adjust to a rough economy.