RICHMOND, Texas — Target Corp. opened its first “next generation” store in this Houston suburb, featuring a new design aimed at creating a faster, easier experience for the quick-trip shopper while encouraging those not in a hurry to linger in the aisles. The 124,000-square-foot prototype has separate entrances for each. Those in a rush will
CAMP HILL, Pa. — Rite Aid Corp. has announced some big senior management changes, including the promotion of Bill Renz to senior vice president of category management and the retirement of industry veterans Tony Montini and Bill Bergin. Renz, who joined Rite Aid in 1998 as director of general merchandise and photo, was named to
BOISE, Idaho — Albertsons Cos. announced it has invested in El Rancho Supermercado, a Texas-based retailer that focuses on stores for Latino customers. El Rancho will continue to operate as an independent company headquartered in Garland, Texas. “El Rancho has built a great business with its 16 Texas stores, and we’re confident that we’ll be
WOONSOCKET, R.I. — Getting prescriptions from CVS Pharmacy is about to get easier and more convenient. The retail chain recently announced that it plans to begin next-day delivery of prescriptions to patients nationwide starting early next year. Along with bringing medications directly to patients’ doorsteps, CVS Pharmacy announced it will begin offering same-day delivery of
NEW YORK — Amazon.com Inc. announced it had lowered prices on holiday favorites and other popular items at Whole Foods Market and was offering even greater discounts for Prime members. Whole Foods shoppers can buy organic turkeys for $3.49 per pound, while the price of antibiotic-free turkeys was cut to $2.49 per pound. For Prime
BRAMPTON, Ontario — Loblaw Cos. announced that it plans to close 22 unprofitable stores, adding that it will begin rolling out an internet-based home-delivery service starting in December. The announcements come almost a month after the company said it was cutting approximately 500 corporate and store support positions. Loblaw declined to release a list of
WEST DES MOINES, Iowa — Hy-Vee Inc. said it has allocated one of its largest construction budgets to date to finance store upgrades and facility expansions necessitated by the changing lifestyles of its customers. “We’ve studied customer habits and lifestyles and know that fewer people are cooking meals at home than ever before,” said Randy
MEMPHIS — FedEx Corp. and Walgreens are teaming up to offer a package pickup and drop-off service. Under the agreement between the two companies, customers will be able to ship and receive FedEx packages in more than 7,500 Walgreens stores across the U.S. FedEx and Walgreens first revealed the partnership 10 months ago. Now with
The shuttering of brick-and-mortar stores and the continued explosive growth of e-commerce have led to an ongoing series of news articles suggesting that hard times are ahead for the retail industry. One of the latest appeared in Bloomberg earlier this month under the headline “America’s ‘Retail Apocalpse’ is Really Just Beginning.” The article argues that
Many people in the retail sector are hailing the Republican-led drive in Congress to reform the nation’s tax code. Several industry groups were quick to praise the House of Representatives’ passage — in a 227 to 205 vote along party lines earlier this month — of the Tax Cuts and Jobs Act of 2017. “We