Tops Settles Pension Dispute

The retailer has settled the dispute relating to its ongoing Chapter 11 proceedings, which it said "represents an important milestone in our financial restructuring efforts."


Target Remodels, New Services Drive Traffic

Investments in service and stores are paying off, but profits slowed in its first quarter, the retailer said.

The activist investor has decried the "half-measures" made by the distributor.

Denise Morrison was an outspoken advocate of change at Campbell, but the company's financials have struggled of late.

Price investments and expense leveraging drove gains, despite the effects of a chilly spring.

The warehouse club touted its improved financials in the filing.

The recently appointed president and COO pledged to continue the retailer's fourth-quarter sales momentum and build on its strengths in an optimistic address.

The "milestone" achievement will allow for a quick turnaround as debts are halved, CEO Anthony Hucker said.

A judge will hear objections from the U.S. trustee and the SEC in a confirmation hearing.

Bigger baskets drove a 1.7% comp boost as labor costs increased, the retailer said.

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