Issue 10-30-2017

Walmart’s new model

BENTONVILLE, Ark. — Wal­mart will double the number of U.S. curbside locations next year where online shoppers can pick up groceries and other merchandise, hastening its transformation into a channel-agnostic retailer, company executives said at Walmart’s annual meeting with investors this month. At the same time, Walmart is scaling back new store growth in the

Kroger may sell c-store operation

CINCINNATI — Kroger Co. is considering a sale of its convenience store business, the company announced at its annual investor conference here. “We want to look at all options to ensure this part of the business is meeting its full potential,” said executive vice president and chief financial officer Mike Schlotman. “Considering the current premium

Costco ups options for customers

ISSAQUAH, Wash. — Costco Wholesale Corp. has introduced new delivery services for its members. Costco chief financial officer Richard Galanti said in a conference call earlier this month that the company’s brick-and-mortar business is “as strong as it’s ever been.” But he added that the company is expanding its online offerings. Costco has introduced a

Target big on small format

NEW YORK — Retail giant Target Corp. has opened its new concept store in Midtown Manhattan, right across the street from the flagship Macy’s Inc. store. Located on West 34th Street in Herald Square, this is one of several small-format stores Target is opening in New York City. The first opened in Tribeca last October,

Retailers successfully ‘navigate rough weather’

WASHINGTON — After the devastation of this hurricane season it’s hard to find a silver lining, but there’s a glimmer in the latest sales report from the National Retail Federation (NRF) driven by increased demand for building supplies. Retail sales — excluding automobiles, gasoline stations and restaurants — in September increased 0.5% over August on

Metro acquires Jean Coutu Group

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The acquisition of Coutu by Metro Inc. will establish a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and New Brunswick. Metro has agreed to purchase Coutu for $24.50

Crawford becomes president and COO at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp.’s appointment of chain drug retailing veteran Kermit Crawford as president and chief operating officer has moved it beyond the shadow of its aborted acquisition by Walgreens Boots Alliance Inc. (WBA), say industry analysts. Crawford — who during a three-decade career at Walgreens rose to become executive vice president

Supervalu buys food distributor

MINNEAPOLIS — Supervalu Inc. has agreed to acquire Associated Grocers of Florida Inc. for $180 million. The purchase extends Supervalu’s operations in Florida and provides opportunities to bring its products and services to Associated Grocers’ diverse customer base in the Caribbean and other international markets. Additionally, Supervalu reached a long-term supply agreement with Associated Grocers’

Retailing’s economic impact

Retailing’s economic impact

Retailers are speaking up about the contributions they make to the nation’s economy, in the hope that their needs will be taken into account when lawmakers rewrite the tax code. Earlier this month the Food Marketing Institute (FMI) released its “Grocery Industry Economic Impact” analysis, which quantifies the food retail industry’s annual economic impact. FMI’s

Customizing the holiday shopping experience

Customizing the holiday shopping experience

While many elements go into shoppers’ buying decisions, the factors that determine whether an item is put into the basket or back on the shelf go well beyond promotions, price and product placement. During the holidays, when retailers typically earn 40% or more of their annual revenue, it is critical to customize the shopping experience