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LEADING HEADLINES

Reports: Walmart set to cut about 1,000 HQ jobs

Reports: Walmart set to cut about 1,000 HQ jobs

BENTONVILLE, Ark. — Walmart is reportedly set to cut 1,000 or more jobs, mainly at its headquarters, according to a report in The Wall Street Journal, which said the job cuts were expected to be enacted by the end of the current fiscal year on January

Walmart’s McMillon talks tech, people

Walmart’s McMillon talks tech, people

NEW YORK — Despite the technology that is changing the way stores operate and consumers shop, retailing is still a people business, Walmart president and CEO Doug McMillon said on Sunday. “The way the customers feel when they leave the store, or your web site

NRF: Holiday retail sales increased 5.5% in 2017

NRF: Holiday retail sales increased 5.5% in 2017

WASHINGTON – Citing U.S. Census data, the National Retail Federation reported Friday that retail sales during November and December increased 5.5% compared to last year, to reach $691.9 billion. That number includes $138.4 billion in online and other non-store sales, which were up 11.5% over

Sam’s Club to close 63 outlets

Sam’s Club to close 63 outlets

BENTONVILLE, Ark. — Walmart’s Sam’s Club division said Thursday that it will close 63 of its U.S. outlets in the next few weeks, leaving it with 597 clubs. “Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of Sam’s

Citing tax reform, Walmart to raise wages

Citing tax reform, Walmart to raise wages

BENTONVILLE, Ark. — Walmart said Thursday that it will boost the starting wage rate for its hourly associates in the U.S. to $11 an hour. The raise — Walmart’s third increase in its minimum pay rate in three years — is part of a package

RETAIL NEWS

Target reports strong holiday season

MINNEAPOLIS — Target Corp. said holiday sales rose more than forecast, with sales at stores open at least a year climbing 3.4% in November and December. The company said sales and traffic were higher both in stores and online. “We are very pleased with our

Sales surge in Q1 at Walgreens Boots Alliance

DEERFIELD, Ill. — Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s earnings forecast. WBA said Thursday that, for the quarter ended Nov. 30, sales totaled 

Holiday retail sales rise by 4.9%, report says

NEW YORK — Retail sales this holiday season increased 4.9% compared to last year and set a new record for total dollars spent, according to the Mastercard SpendingPulse study results released on Tuesday. That represents the largest year-over-year increase since 2011, the study found. Online shopping

McKesson tabs Chris Dimos to lead Health Mart

SAN FRANCISCO — McKesson Corp. has promoted Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health. With the move, Dimos will now oversee the Health Mart pharmacy network, taking over from Steve Courtman, who left the company to join health

Target to acquire Shipt

MINNEAPOLIS — Target Corp. announced Wednesday that it has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash. The retailer said Shipt’s technology platform and its community of professional shoppers, together with Target’s own network of stores, will allow it

SUPPLIER NEWS

Nature’s Bounty acquires The Best Bar Ever

RONKONKOMA, N.Y. — Nature’s Bounty Co. announced on Tuesday that it is diversifying its portfolio of sports and nutrition products with the acquisition of The Best Bar Ever. “Consumers are increasingly looking for convenient and great-tasting nutrition bars, and this brand was designed by its

Markwins names Stefano Curti president

CITY OF INDUSTRY, Calif — Markwins Beauty Brands has appointed Stefano Curti to the post of global president of Markwins Beauty Brands. The company said that Bill George, president and chief operating officer of Markwins North America, will shift from the day-to-day management of Markwins’

ECRM launches European business unit

SOLON, Ohio — ECRM is expanding its presence to Europe with a new business unit that will be based in the Netherlands. ECRM Europe will aim to bring the capabilities its parent company has honed in the United States to European retailers, suppliers and distributors.

Campbell to acquire Snyder’s-Lance

CAMDEN, N.J. – Campbell Soup Co. and Snyder’s-Lance have entered into an agreement in which Campbell will acquire Snyder’s-Lance for $50 per share in an all-cash transaction. The acquisition, which has been approved by the board of directors for both companies, will enable Campbell to

Hershey to acquire Amplify Snack Brands for $1.6 billion

HERSHEY, Pa. — The Hershey Co. aims to add more better-for-you options to its snack lineup with a $1.6 billion deal to buy Skinny Pop maker Amplify Snack Brands Inc. Hershey said the brands from Austin, Texas-based Amplify compete in a range of strong food