CETAPHIL_1170x120

Mass store brand sales grew nearly 10% in 2017

Mass store brand sales grew nearly 10% in 2017

NEW YORK — Sales of store brand merchandise in the mass channel (mass merchants, club stores and dollar stores) increased last year on a dollar basis and a unit basis, the Private Label Manufacturers Associated (PLMA) said on Wednesday, citing sales data from Nielsen. Dollar sales rose 9.3% in 2017 and unit sales increased 9.1%,

Tops Friendly Markets files for bankruptcy

Tops Friendly Markets files for bankruptcy

WILLIAMSVILLE, N.Y. — Tops Friendly Markets LLC on Wednesday announced it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from its balance sheet and position the company for success. Tops said its has 169 full-service supermarkets and five franchisee-operated stores under the Tops Markets banner in upstate New York,

Foulkes leaves CVS

NEW YORK — Helena ­Foulkes has taken the position of chief executive officer of Hudson’s Bay Co. (HBC), which operates the Lord & Taylor and Saks Fifth Avenue department store chains. She joins HBC from CVS Health, where she worked for 25 years, most recently as corporate executive vice president and president of CVS Pharmacy,

WBA reportedly aims to buy AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is reportedly seeking to acquire drug distributor AmerisourceBergen Corp. The Wall Street Journal reported on February 13 that representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen CEO Steven Collis several weeks before the story came out.

Kroger finds buyer for convenience store unit

CINCINNATI — Kroger Co. has agreed to sell its convenience store business to EG Group, a privately held c-store retailer based in Blackburn, Lancashire, United Kingdom. The transaction, which is valued at $1.25 billion, is expected to close during the first quarter of Kroger’s financial year, or by May 26. Kroger had announced last October

Walgreens makes Gates senior VP

DEERFIELD, Ill. — Rick Gates has been named senior vice president of pharmacy and health care for Walgreens. Prior to his promotion, Gates was serving as group vice president of ­pharmacy. In his new role, Gates will oversee commercial development and sales, contracting, pharma development, pharmacy supply chain, and clinical programs and alliances. He reports

Cornell becomes chairman of RILA

ARLINGTON, Va. — The Retail Industry Leaders Association (RILA) has elected a new chairman — Brian Cornell, the chairman and chief executive officer of Target Corp. Cornell was elected at RILA’s board of directors’ semiannual meeting in Tucson, Ariz., last month. Serving a two-year term, Cornell takes the chairman’s reins from Bill Rhodes, chairman of

Kroger makes retail promotions

CINCINNATI — Kroger Co. has promoted Steve McKinney, who was previously president of Kroger’s Fry’s Food Stores division, to the post of senior vice president of retail divisions. Monica Garnes, who had been corporate vice president of produce-floral merchandising, will succeed McKinney as Fry’s division president. According to the company, the leadership changes support the

Walmart looking to buy stake in India’s Flipkart

Walmart looking to buy stake in India’s Flipkart

MUMBAI — Walmart is in talks to buy a stake in Indian e-commerce company Flipkart, Thomson Reuters reported today, citing sources familiar with the matter. Walmart is reportedly eyeing a stake of 40% or more in India’s largest online marketplace. An investment from Walmart would give Flipkart muscle in its battle with Amazon.com, which has

Kroger adds culinary innovation center

Kroger adds culinary innovation center

CINCINNATI — Kroger Co. has opened a Culinary Innovation Center here, complete with cooking stations and video streaming capabilities for sharing information with store teams around the country. “Kroger’s new Culinary Innovation Center is an exciting state-of-the-art test kitchen and education center,” said Daniel Hammer, Kroger’s vice president of culinary development and new business. “As we

1 2 3 90