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LEADING HEADLINES

FMI shifts its event strategy

FMI shifts its event strategy

ARLINGTON, Va. — The Food Marketing Institute (FMI) Wednesday announced it has decided to shift its events strategy and shut down its annual trade show — FMI Connect. The large-scale trade show format is falling out of step with the rapidly changing food industry, Leslie

SDM announces passing of former CEO David Bloom

SDM announces passing of former CEO David Bloom

TORONTO — David Bloom, a former chairman and chief executive officer of Shoppers Drug Mart, died on Sept. 25 at age 76. Funeral services for Bloom, who served as Shoppers Drug Mart’s CEO for 18 years, are being held today at Benjamin’s Park Memorial Chapel

Industry mourns passing of Charles Walgreen III

Industry mourns passing of Charles Walgreen III

DEERFIELD, Ill. —  Charles R. (Cork) Walgreen III, former chairman, president and CEO of Walgreen Co., died Monday at his home in Lake Forest, Ill. He was 80. Walgreen was the grandson of company founder Charles R. Walgreen Sr. Born in Chicago on Nov. 11,

Target shakes up e-commerce leadership

Target shakes up e-commerce leadership

MINNEAPOLIS — Target Corp. announced on Friday that chief digital officer Jason Goldberger had left the company, “effective immediately.” Goldberger’s responsibilities will be split between two Target executives, the company said in a statement. Work related to pricing and promotions is being taken over by

CVS goes national with Curbside Pickup

CVS goes national with Curbside Pickup

WOONSOCKET, R.I. — Following three pilots launched in the spring, CVS Pharmacy is rolling out its CVS Curbside Pickup service to more than 4,000 stores. Plans call for the free service, accessed via the CVS Pharmacy app or CVS.com, to go live on Monday in

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RETAIL NEWS

Rite Aid reports declined 2Q earnings, retail sales

CAMP HILL, Pa. — Despite an uptick in total sales, lower drug reimbursement rates and script count trimmed profits at Rite Aid Corp. for its fiscal 2017 second quarter. Rite Aid also said Thursday that it continues to expect its acquisition by Walgreens Boots Alliance

Survey: CVS, Walmart among most-trusted brands

NEW YORK — CVS Pharmacy and Walmart are two of the nation’s most-trusted brands, according to a Reader’s Digest poll. The publisher’s second annual Trusted Brands Survey, in which Ipsos Connect conducted online interviews with more than 5,000 U.S. adults, named CVS as the most

Deloitte forecasts holiday sales gains

NEW YORK — Retailers should see a modest increase  in holiday sales this year, according to a forecast by Deloitte, which predicts that sales will grow both in stores and online. “We anticipate a modest increase in sales growth as economic fundamentals that boost spending

Walmart wraps up Jet.com acquisition

BENTONVILLE, Ark. — Walmart has finalized its $3.3 billion acquisition of e-tailer Jet.com. The discount store giant said late Monday that with the closing of the deal, which was announced in early August, Jet.com founder and chief executive officer Marc Lore becomes executive vice president

Kmart set to close 64 stores

HOFFMAN ESTATES, Ill. — Liquidation sales are set to begin September 22 at the 64 underperforming Kmart stores in the United States that parent Sears Holdings Corp. plans to shutter by mid-December. Earlier this year Sears’ eliminated 68 Kmarts and 10 Sears stores in response

SUPPLIER NEWS

Queen Latifah launches floral line at Ahold USA stores

CARLISLE, Pa. — Ahold USA is partnering with actress and singer Queen Latifah on a floral line that will be available exclusively at the retailer’s Stop & Shop, Giant Food of Landover, Giant Food Stores of Carlisle and Martin’s supermarket chains. The Queen Collection line

U by Kotex expands Security Ultra Thin pad line

DALLAS — U by Kotex has rolled out two new products, Security Ultra Thin Pads Long and Security Ultra Thin Overnight Pads. The Kimberly-Clark feminine care brand said Tuesday that its latest offerings expand its line of “unique, colorful and bold” products to fit women’s

Unilever strikes deal to buy Seventh Generation

LONDON — Consumer products giant Unilever plans to acquire eco-friendly household and personal care products maker Seventh Generation Inc. Financial terms of the agreement weren’t disclosed. Unilever said completion of the transaction is pending regulatory approvals. Unilever described Burlington, Vt.-based Seventh Generation as a “pioneer

SheaMoisture takes on divisive beauty standards

AMITYVILLE, N.Y. — SheaMoisture manufacturer Sundial Brands has launched the second phase of its #BreakTheWalls platform highlighting divisive constructs of beauty. This time, the company is posing a direct challenge to beauty industry standards by asking: “What’s Normal?” This phase includes a complete suite of

Aldi seeks suppliers in Southwest

ROSENBERG, Texas — Aldi, seeking to attract potential suppliers to support its expansion in the Southwest, is hosting a supplier engagement event on November 2 at its divisional distribution center here. The event, which will run from 10 a.m. to 3 p.m., includes lunch and

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