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2017

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

Walgreens’ mental health offerings make impact

DEERFIELD, Ill. — Walgreens mental health initiative and its collaboration with Mental Health America (MHA) is paying off. Nearly 75% of visitors to the Walgreens digital platform who have completed screenings are also actively following up, Walgreens reports, adding that the platform is also helping to reach a broader demographic of consumers interested in mental

Instacart enters new markets

SAN FRANCISCO — Grocery delivery service Instacart has entered several new markets en route to its goal of covering 80% of U.S. households by next year. Most recently, the San Francisco-based third-party service moved into Greater Knoxville, Tenn. That followed its entry into Detroit; Columbus, Ohio; Las Vegas; and the Rio Grande Valley in Texas.

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