Fred’s and Nielsen expand analytical relationship

Fred’s and Nielsen expand analytical relationship

NEW YORK — Fred’s Inc. and Nielsen recently announced an expansion of their long-term relationship with the renewal of data insights and analytics services. With this agreement, Nielsen will become the exclusive account-level data provider for Fred’s, covering metrics for all 601 Fred’s stores in 15 states across the southeastern U.S., as well as future

Hain Celestial Group promotes Langrock to CFO

Hain Celestial Group promotes Langrock to CFO

LAKE SUCCESS, N.Y. — The Hain Celestial Group Inc. announced the appointment of James Langrock as executive vice president and chief financial officer. Langrock succeeds Pasquale “Pat” Conte, who is leaving to pursue other opportunities, the company said in a statement, adding that Conte will work with Langrock to facilitate an orderly transition. “We thank Pat for all

Walmart acquires online clothier Bonobos for $310 million

BENTONVILLE, Ark. — Walmart will acquire Bonobos Inc. and place the men’s apparel retailer under the umbrella of its e-commerce unit. Bonobos serves a young and loyal base of male shoppers that is less price-sensitive and focused on quality, according to retail analyst Deborah Weinswig, managing director at Fung Global Retail and Technology. Bonobos

The rise of Albertsons Cos.

The rise of Albertsons Cos.

BOISE, Idaho — What Albertsons Cos. has been able to accomplish in a little over a decade is truly remarkable. The prospects for the business were somewhat uncertain when it was established in June 2006. A group of investors led by Cerberus Capital Management created the company by purchasing 661 supermarkets as part of the

A new Walmart rises

FAYETTEVILLE, Ark. — Wal­mart has “started to invent the future of shopping again,” president and chief executive officer Doug McMillon said at the company’s annual shareholders meeting this month. “Together, we’re building a new Walmart,” McMillon told more than 14,000 associates from the U.S. and around the world at the University of Arkansas. “We’re going

Pair of Kroger execs to retire

CINCINNATI — Kroger Co. has announced the retirement of Sukanya Madlinger, senior vice president of retail divisions. Madlinger will be succeeded by Calvin Kaufman, president of the company’s Louisville division. Ann Reed was promoted to succeed Kaufman. Reed has been serving as vice president of Customer 1st Promise, overseer of the “Customer 1st Strategy” Kroger

Border adjustment tax runs afoul of retailers

WASHINGTON — The proposed border adjustment tax will hit American consumers with price hikes, Target Corp. chairman and chief executive officer Brian Cornell testified last month at a House hearing. “American families — your constituents — would pay more so many multinational corporations can pay even less,” Cornell told the House Ways and Means Committee.

Target settles data breach claims

NEW YORK — Target Corp. reported it has reached an $18.5 million settlement with 47 states and the District of Columbia over the retailer’s data breach that occurred just prior to Christmas 2013. The announcement was made by New York attorney general Eric Schneiderman. The breach, which Target has said occurred between November 27 and

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