December 18, 2023 by Leslie Sarasin
Leslie Sarasin, president and chief executive officer of FMI – The Food Industry Association
2023, Issue 12-18-2023
As the pace of inflation has slowed in recent months, grocery shoppers are cautiously optimistic about their finances heading into the New Year, even as they express continued worry about food prices. Food retailers can take heart that pandemic-era shopper preferences around preparing and eating meals at home remains strong, and shoppers are increasingly looking
December 18, 2023 by Omar Jorge Peña
FMI Midwinter Executive Conference, Omar Jorge Peña
2023, Issue 12-18-2023
Food retail industry leaders are preparing for business meetings and conversations at the upcoming FMI Midwinter Executive Conference, which brings leaders together from across the supply chain to tackle what’s next in food. FMI Midwinter provides an opportunity to reflect on how our industry has changed radically in the past two decades. Through it all,
November 27, 2023 by MMR
third quarter, Walmart
Issue 11-27-2023
BENTONVILLE, Ark. — Walmart cited strong grocery sales and gains in e-commerce in posting fiscal third quarter earnings that beat consensus estimates. “We had strong revenue growth across segments for the quarter, and we’re excited to get an early start to the holiday season,” said Doug McMillon, Walmart’s president and chief executive officer. Walmart said
November 27, 2023 by MMR
Affinity Solutions, CNBC, CNBC/NRF Retail Monitor, National Retail Federation, October retail sales
Issue 11-27-2023
WASHINGTON — October retail sales, excluding autos and gas, declined 0.08%, according to the inaugural CNBC/NRF Retail Monitor, a monthly report that’s a joint product of CNBC and the National Retail Federation and is powered by consumer purchase data from Affinity Solutions. Analysis of debit card and credit card data for October showed weakness in
November 27, 2023 by MMR
Department of Justice, opioid crisis, Rite Aid
Issue 11-27-2023
PHILADELPHIA — Rite Aid Corp. has sued the Department of Justice to suspend the agency’s lawsuit against over the company’s alleged involvement in the nation’s opioid crisis. The DOJ, which sued Rite Aid in March, agreed only to a “brief pause” of its suit after Rite Aid filed for Chapter 11 bankruptcy protection last month.
November 27, 2023 by MMR
Dollar General, Jeff Owen, Todd Vasos
Issue 11-27-2023
GOODLETTSVILLE, Tenn. — Dollar General Corp. has responded to a persistently challenging operating environment with a number of initiatives, including a change in leadership, intended to restore top-line and bottom-line growth. However, some Wall Street analysts expect that the process may take several quarters in view of the economic pressures on the retailer’s core lower-income
November 27, 2023 by MMR
chief executive officer Tim Wentworth, Walgreens Boots Alliance, WBA
Issue 11-27-2023
DEERFIELD, Ill. — New Walgreens Boots Alliance (WBA) chief executive officer Tim Wentworth has wasted little time in streamlining operations. The company this month laid off 267 corporate-level workers, including chief merchandising officer Luke Rauch. Those laid off represent 5% of WBA’s total corporate workforce and also included Robert Tompkins, group vice president and general
November 27, 2023 by MMR
Target, third quarter
Issue 11-27-2023
MINNEAPOLIS — Target Corp. posted better-than-expected earnings for its fiscal third quarter despite another decline in comparable-store sales. Shoppers remain cautious, the company said, but did spend for necessities like food, school supplies and beauty aids. Comparable sales were down 4.9% in the three months to October 28. In-store comps declined 4.6% while digital comps
November 27, 2023 by MMR
Amazon, dunnhumby Retailer Preference Index, H-E-B, Kroger, Leadership in Personalization, RPI
Issue 11-27-2023
CHICAGO — A “special edition” of the dunnhumby Retailer Preference Index (RPI) places Amazon, H-E-B and Kroger atop the latest rankings of grocery retailers in terms of their abilities to personalize shopping experience to best serve shoppers. The inaugural RPI for Leadership in Personalization finds that Amazon stands apart from all other retailers, dunnhumby says
November 27, 2023 by MMR
Kantar, PoweRanking, Walmart
Issue 11-27-2023
NEW YORK — Walmart held the highest rung in Kantar’s ranking of retailers for 2023. It was the 27th consecutive year that Walmart was named top retailer in the PoweRanking of retailers and supplier/manufacturers that set the standard for performance, as judged by their trading partners. Kroger occupies the No. 2 position among retailers this
November 27, 2023 by MMR
bridge lighting, Dollar General, literacy
Issue 11-27-2023
GOODLETTSVILLE, Tenn. — In mid-October, Nashville’s downtown skyline shined a bit brighter thanks to the Dollar General Literacy Foundation (DGLF). The Korean War Veterans Memorial Bridge, which arches over the Cumberland River as it winds through Tennessee’s state capital, was illuminated in “DG yellow” to shine a light on the DGLF’s 30th anniversary and its
November 27, 2023 by MMR
BJ's, third quarter
Issue 11-27-2023
MARLBOROUGH, Mass. —BJ’s Wholesale Club reported strong third quarter results driven by membership growth and traffic and margin improvement. Comparable-club sales, excluding gasoline sales, remained approximately flat year over year. But the company said its digitally enabled comparable sales growth was up 16% year over year. And membership fee income increased by 6.6% year over