MINNEAPOLIS — During his tenure as head of Target Corp., Brian Cornell has demonstrated what effective leadership is all about. At the time he was named chairman and chief executive officer in the summer of 2014, the company was reeling. Hobbled by a poorly executed foray into the Canadian market and a data breach that
BRAMPTON, Ontario — One plus one equaled three when Loblaw Cos. acquired Shoppers Drug Mart (SDM). The 2014 merger made two strong companies stronger, creating a retailer peerlessly oriented around health, wellness and convenience. The pharmacy and beauty expertise of Canada’s No. 1 drug chain, blended with the capabilities of the country’s top grocer, have
BENTONVILLE, Ark. — In October Charles Redfield was named executive vice president of food for Walmart U.S. Before that, he spent about three and a half years as executive vice president of merchandising for Sam’s Club, with sourcing and merchandising responsibility for the division’s more than 650 locations nationwide. It is for his work at
MINNEAPOLIS — Jeff Jones, chief marketing officer at Target Corp., is MMR’s Marketer of the Year for 2015. Jones was recruited in 2012 to help steer the transition from the big-box mentality that distinguished Target’s first half-century toward a position of prominence in a consumer-centric era dominated by digitized data, information technology and social media.
GOODLETTSVILLE, Tenn. — Rick Dreiling has had a transformative effect during his tenure at the helm of Dollar General Corp. Since Dreiling joined the company as chief executive officer in January 2008, Dollar General has increased its store count by more than 40%. (The company opened its 12,000th store on May 30, and as of
NEW YORK — For 2015, the food, drug and mass retail channel saw holiday sales growth in line with that of recent years. Total sales for discount stores grew 3.3% for the 28-day period between Thanksgiving and Christmas, compared with 3.5% in 2014, according to research by Racher Press, the publisher of MMR. Same-store sales
WOONSOCKET, R.I. — CVS Health Corp. has taken ownership of Target Corp.’s pharmacies and clinics, making CVS/pharmacy the No. 1 drug chain by store count and sales. With the closing of its $1.9 billion purchase of the assets, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters.
CINCINNATI — Kroger Co. next month will debut a culinary-focused concept store outside Seattle. The Main & Vine format, opening in Gig Harbor, Wash., will emphasize produce, food preparation advice and high-quality ready-to-eat meals. The store will also feature an expanded selection of organic products. It will offer “fresh, affordable” local produce and meat, and
MINNEAPOLIS — Target Corp. recently announced the promotion of Janna Potts to executive vice president and chief stores officer, replacing Tina Tyler. Potts will be responsible for the leadership of Target’s 1,805 stores across the United States. She will serve as a member of Target’s leadership team and will report to Target’s chief operating officer,
WEST DES MOINES, Iowa — Hy-Vee Inc. said it has expanded its Aisles Online grocery e-commerce service to all 240 of its stores in eight states following a successful pilot of the program. Through the service, customers can order and pay for their groceries online and either pick them up at a store or have
MIAMI — Bruce Berkowitz’s Fairholme Capital Management, the largest outside shareholder of Sears Holdings Corp., disclosed in a December filing that it has bought an additional 390,100 shares of Sears stock since Christmas Eve. Fairholme now owns a 26.02% stake Sears Holdings, with 27,763,748 total shares. The only other shareholder with a bigger stake in
EMERYVILLE, Calif. — Grocery Outlet is bucking the trend in the Southern California market — while other retail grocers in the region are filing for bankruptcy, merging or otherwise slowing their pace of expansion, the nearly 70-year-old company continues to grow. The retail grocer recently announced plans to open numerous stores in the greater Los