November 13, 2017 by MMR
Moody’s Investors Service., operating income, U.S. retailers
2017, Issue 11-13-2017, Issues
NEW YORK — U.S. retailers can expect operating income and sales to grow between 3.5% and 4.5% in 2018, according to Moody’s Investors Service. Meanwhile, solid economic fundamentals suggest healthy holiday sales growth of between 3% and 4% this year, Moody’s said at the end of last month in releasing its retail sector outlook for
November 13, 2017 by MMR
BJ's Wholesale Club, Forrester's U.S. 2017 Customer Experience Index, Rite Aid
2017, Issue 11-13-2017, Issues
CAMBRIDGE, Mass. — Rite Aid Corp. and BJ’s Wholesale Club Inc. were the biggest gainers among food, drug and mass retailers in Forrester’s U.S. 2017 Customer Experience Index (CX Index). The index, based on a survey of some 120,000 U.S. online adult consumers, measures and ranks more than 300 U.S. brands across 21 industries. Of
November 13, 2017 by MMR
Amazon, Profitero, Walmart
2017, Issue 11-13-2017, Issues
BOSTON — A new report from global e-commerce analytics firm Profitero reveals that Amazon may be the current online price leader, but that lead could be slipping as Walmart ramps up its efforts to be price competitive. The study, “Price Wars: A Study of Online Price Competitiveness,” states that Amazon’s prices are typically 11% lower
November 13, 2017 by MMR
TABS Analytics, Walmart
2017, Issue 11-13-2017, Issues
SHELTON, Conn. — Walmart is the leading venue for sales of household products, according to research by TABS Analytics. Walmart accounts for 16.4% of sales in the $75 billion household products market, TABS revealed in a recent webinar. That compares to 14.9% for food retailers, 9.5% for dollar stores, 9.3% for home improvement stores. E-commerce
November 13, 2017 by MMR
Fred Morganthall, Kroger, Mike Donnelly
2017, Issue 11-13-2017, Issues
CINCINNATI — Kroger Co. executive vice president of merchandising Mike Donnelly has assumed responsibility for both operations and merchandising as executive vice president and chief operating officer. The move comes as Fred Morganthall, who has been serving as Kroger’s executive vice president of retail operations, is set to retire, effective November 30. Donnelly will become
November 13, 2017 by MMR
holiday, retailers
2017, Issue 11-13-2017, Issues
NEW YORK — As the holiday shopping season gets under way, the latest forecasts suggest that consumer spending will be up this year. But retailers are taking no chances, offering special deals and free shipping to get customers to shop their stores or websites. Walmart announced this month that it is expanding its product assortment
November 13, 2017 by Scot Meyer
Robots, Scot Meyer, Walmart
2017, Issue 11-13-2017, Issues, Opinion
Retail jobs are changing, and the arrival of robot “workers” in stores will only accelerate that evolutionary shift. Walmart recently acknowledged that it is testing the use of robots that can move down the aisles of its stores, scanning shelves for out-of-stock items, missing shelf tags or other problems. The robots are said to be
November 13, 2017 by Jeffrey Woldt
Amazon, Jeffrey Woldt, National Retail Federation, Walmart
2017, Issue 11-13-2017, Issues, Opinion
The holiday selling season has arrived, and it promises to be a memorable one for several reasons. A decade after the financial crisis that triggered the Great Recession, the U.S. economy has finally stabilized, with low unemployment and strong growth. Those conditions have led retail industry watchers to predict solid sales increases over the next
October 30, 2017 by MMR
Paul Desiderioscioli, Ulta Beauty
2017, Issue 10-30-2017, Issues
BOLINGBROOK, Ill. — Few retailers in recent years have shone more brightly than Ulta Beauty Inc. Thanks to a relentless focus on its guests, the company is attracting new customers, growing its share of the beauty market and increasing its store count. Shares in the beauty retailer are up over 100% over the past five
October 30, 2017 by MMR
Rona Fourte, Walgreens
2017, Issue 10-30-2017, Issues
DEERFIELD, Ill. — Rona Fourte’s career path to Walgreens may have been one she was destined to be on. Today, she is the director of supplier diversity for Walgreens. However, when she was first starting out after college, little did she realize that one day her path would take a turn into the retail space.
October 30, 2017 by MMR
2017, Issue 10-30-2017, Issues
PHOENIX — As senior vice president of pharmacy, health and wellness at Albertsons Cos., Mark Panzer heads a team that is working to turn the retailer’s food and drug stores into true health and wellness destinations. The company has been a leader in expanding the role of its pharmacists whenever there’s a change in the
October 30, 2017 by MMR
Mark Tritton, Target
2017, Issue 10-30-2017, Issues
MINNEAPOLIS — Target Corp. has long prided itself on having a merchandise offering that sets it apart from its peers and has won it the loyalty of millions of American shoppers. Curating that collection of products, both for Target’s different-sized stores and its digital platforms, is the responsibility of Mark Tritton, and it is one