ARMONK, N.Y. — Retail giants Walmart and Kroger Co. are among a number of companies teaming up with IBM Corp. to explore how to apply blockchain technology to help bolster consumer confidence in the global food system. The coalition includes retailers and food companies such as Unilever, Nestlé, Tyson Foods and Dole. They will be
DEMOTTE, Ind. — CVS Health has purchased Fagen Pharmacy’s 20 drug stores in northwest Indiana and northeast Illinois. Terms were not disclosed. Plans call for eight of the stores to be rebannered as CVS Pharmacy by late September. The other 12 are slated to be closed, with their prescription files transferring to nearby CVS pharmacies.
MINNEAPOLIS — Target Corp. has tapped Minsok Pak to serve as executive vice president and chief strategy and innovation officer. In that post Pak will oversee Target’s enterprise strategy development and retail innovation. “Minsok brings deep business acumen and proven leadership capabilities to Target,” commented Target chairman and chief executive officer Brian Cornell. “Throughout his
WEST DES MOINES, Iowa — Hy-Vee Inc. is adding a hamburger chain and fitness centers to its service mix at a number of locations through two strategic partnerships. The Midwest grocery chain announced it will build, own and operate 26 Wahlburgers restaurants, a hamburger chain popularized in a reality TV show. They also announced it
COMMERCE, Calif. — Smart & Final Stores Inc. has introduced a new delivery platform powered by Instacart Inc. that sources groceries off the shelves of about 160 partner grocers and delivers the food to customers in more than 100 markets across the United States. Last month’s announcement represents an expanded partnership between Smart & Final
ORLANDO, Fla. — Innovative products in the beverage, snacks and dry grocery categories were recognized by ECRM and MMR earlier this summer, at a pair of ECRM EPPS events held here. Beverage Award Winners Bottlegreen won the ECRM/MMR Buyers Choice Award for its Elderflower Sparkling Pressé during ECRM’s Beverage EPPS held here recently. MoodWater was
Suddenly, without warning, mass retailing is experiencing a transformation without precedent — or, at the least, without precedent in this century. Within the space of days, Amazon.com Inc. has purchased Whole Foods Market Inc., an alliance that brings together two of the most fascinating retailers currently vying for business in America, while Walmart has entered
Recent moves by retailing giants that will impact the way consumers obtain goods and services have received a great deal of attention from people both inside and outside the industry. Walmart’s new partnership with Google to offer voice-activated shopping, and the completion of Amazon’s acquisition of Whole Foods Market and the immediate push to start
BENTONVILLE, Ark. — Walmart has shuffled its merchandising management ranks while eliminating some positions in its merchandising and replenishment divisions. At the same time, the retailer has unveiled new proposals to promote manufacturing in the United States. The management changes are taking place in food, general merchandise and merchandising operations, and they were revealed in
WASHINGTON — Retailers celebrated congressional Republicans’ recent move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on July 27, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming that it would pass hefty costs on
CAMP HILL, Pa. — Rite Aid Corp. expects to strengthen its store base with the sale of nearly 2,200 units to Walgreens Boots Alliance Inc. (WBA). In a filing with the Securities and Exchange Commission, Rite Aid said it would have 2,336 stores following the sale, compared with 4,522 currently. The chain said that its
SALISBURY, N.C. — Food Lion celebrated the remodeling of 93 stores in the Greensboro, N.C., market on August 2 with ribbon-cutting ceremonies and gift card giveaways. Officials at the Ahold Delhaize banner said the remodels are part of a $178 million investment in the Greensboro market that includes lower prices and the hiring of hundreds