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LEADING HEADLINES

Smart & Final to be acquired in $1.1 billion deal

Smart & Final to be acquired in $1.1 billion deal

COMMERCE, Calif. — Smart & Final Stores Inc. has agreed to be acquired by Apollo Global Management LLC for about $1.1 billion, including debt. This will be the second time that Apollo will own Smart & Final, which operates 257 Smart & Final and Smart

Kroger launches autonomous delivery in Houston

Kroger launches autonomous delivery in Houston

HOUSTON — Kroger Co. on Wednesday began offering grocery delivery service with autonomous vehicles in Houston. The service, offered in partnership with Nuro, is being offered from the retailer’s South Post Oak store, and will be available from its Buffalo Speedway store later this spring. Houston

David Kimbell named president of Ulta

David Kimbell named president of Ulta

BOLINGBROOK, Ill. — Ulta Beauty Inc. has named David Kimbell to the additional role of company president. He continues to serve as chief merchandising and marketing officer. In this new role, Kimbell assumes additional responsibilities for corporate strategy, merchandise planning and operations, the company said.

Fred’s to begin closing unprofitable stores

Fred’s to begin closing unprofitable stores

MEMPHIS – Fred’s announced Thursday that it will begin to close underperforming and unprofitable stores. The company also has retained PJ Solomon to evaluate strategic alternatives to maximize value for all shareholders. The review will include a thorough evaluation of the company’s current operating plan,

Rite Aid posts mixed results for Q4

Rite Aid posts mixed results for Q4

CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported fourth quarter earnings results that fell below Wall Street’s expectations. The drug chain also provided a forecast for the upcoming fiscal year. For the fourth quarter, the company reported net loss from continuing operations of

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RETAIL NEWS

François Coutu retires as Jean Coutu Group president

MONTREAL — François Coutu will retire as president of the Jean Coutu Group on May 31, parent company Metro Inc. announced Wednesday. He will be succeeded by Alain Champagne, a former president of McKesson Canada. François Coutu François Coutu had two stints as president and

Walmart launches reusable bag initiative

BENTONVILLE, Ark. — Walmart said Wednesday that it will offer reusable shopping bags at the checkout counters of all its U.S. stores as part of its campaign to cut down on plastic waste. The company will introduce 10 new designs of reusable totes, which will

Kroger promotes execs to support Restock Kroger

CINCINNATI — Kroger is promoting several executives as the retailer continues to remake its business through its Restock Kroger plan. “We are making progress on redefining the customer experience, and our high-performing leaders are determined to maintain that momentum in year two of Restock Kroger

Food Lion to revamp 23 stores in Virginia

SALISBURY, N.C. — Food Lion said Tuesday that it will invest $40 million to remodel 23 stores in 14 towns and cities that are part of the Charlottesville, Va., and Harrisonburg, Va., communities. “Food Lion is proud to have been a part of the many

Ahold Delhaize divisions add new stores

CARLISLE, Pa. – Ahold Delhaize USA’s GIANT Food Stores division celebrated the grand openings of six new stores in four states on Friday, boosting its total store count to 178. Five of the stores, which are former Shop ‘n Save locations GIANT acquired earlier this

SUPPLIER NEWS

Higi establishes cross-functional team

CHICAGO – The consumer health access and engagement platform higi said on Thursday that it had formed a cross-functional team dedicated to advancing the strategic goals of its partners and clients. The move comes on the heels last month’s announcement that Darren Singer is joining

Michele Buck announces new leaders to Hershey executive team

HERSHEY, Pa. — The Hershey Co. Thursday announced new executive leaders who will report to president and chief executive officer Michele Buck. Michele Buck “These appointments are testament to Hershey’s internal succession planning and its ability to attract deeply experienced talent and expertise from outside

Abacus adds two to senior management team

WOONSOCKET, R.I. — Abacus Health Products has announced the hiring of two members to its senior management team — James Barkat as vice president of marketing and Mark Bolling as vice president of sales. Prior to joining the company, Barkat spent over ten years at Sanofi

Kellogg to sell Keebler Cookies, related businesses to Ferrero

BATTLE CREEK, Mich. — Kellogg Co. has reached an agreement to sell selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cone businesses to the Ferrero Group and its related companies. The cash transaction is valued at $1.3 billion (or €1.16 billion, at current

CBDMEDIC launches topical pain relief medications

WOONSOCKET, R.I. — Abacus Health Products has announced the national launch of 10 over-the-counter pain relief products. CBDMEDIC’s innovative formula is built on 15 years of pharmaceutical research and development. CBDMEDIC products are available across the U.S., including select CVS locations, regional and independent pharmacies including