BENTONVILLE, Ark. — Amazon Prime offers a streaming TV service as one of the perks of membership. Soon Walmart+ members will get one too. Beginning in September, Walmart+ members will be able to stream premium entertainment through access to the Paramount+ Essential Plan, which includes access to a wide range of content including such original dramas
DEERFIELD, Ill. — Walgreens has hired Min Cho to serve as chief format concepts and design officer, the company said on Monday. He will report to Tracey Brown, the retailer’s chief customer officer. In this newly created role and function, Cho will focus on new innovative store design and architecture, which the company says is
GOODLETTSVILLE, Tenn. — Dollar General Corp. chief executive officer Todd Vasos plans to step down from his position effective November 1. He will be succeeded by Jeff Owen, who has served as Dollar General’s chief operating officer since 2019. As part of the leadership transition, Vasos is expected to serve in a senior advisory position,
BENTONVILLE, Ark. — Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.” The layoffs, first reported by The Wall Street Journal, came just a week after Walmart revised its profit outlook for its second quarter and fiscal
WEST DES MOINES, Iowa — Hy-Vee chairman and chief executive officer Randy Edeker has tapped Aaron Wiese to succeed him as CEO, effective October 1. Wiese is currently the company’s vice chairman and president of its supply chain and subsidiaries. Jeremy Gosch will remain Hy-Vee’s president and chief operating officer, responsible for all of the
SEATTLE — Amazon last month announced a deal to acquire One Medical, a publicly traded primary care company. San Francisco-based One Medical operates on a membership model. Its services are an employee benefit at 8,500 companies. Individuals can purchase a yearly membership for $199, allowing them to access One Medical’s virtual care and same-day appointments
NEW YORK — The economy is showing unexpected signs of strength as consumers continue spending despite concerns about inflation, while the Department of Labor jobs report for July shows the economy added half a million jobs last month. Despite those trends, consumers continue to express pessimism. Employment growth far exceeded expectations and effectively recouped the
WOONSOCKET, R.I. — CVS Health easily beat analysts’ projections for second quarter sales and earnings, and raised its full-year profit outlook. The company posted adjusted earnings per share of $2.40, topping Wall Street’s average forecast of $2.17. Net income was $2.96 billion, or $2.23 per share, up from $2.79 billion, or $2.10 per share, a
CINCINNATI — Kroger continues to extend its grocery delivery network rapidly, most recently via the openings of a new “spoke” in Louisville, Ky., and a customer fulfillment center (CFC) in Dallas. Kroger describes the 50,000-square-foot spoke as “a last-mile, cross-dock” operation that features technology from U.K.-based partner Ocado Group PLC. The spoke allows Kroger to
MINNEAPOLIS — Target Corp. is adding three new sortation centers in the next year to speed deliveries for shoppers in the greater Chicago and Denver metro areas. The centers (two in Chicago, one in Denver) will also allow employees to work more efficiently and lower shipping costs, according to a post on the company’s website.
WASHINGTON — The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will reach $1.07 trillion in 2022 despite increasing concerns among shoppers about the condition of the economy and personal finances. The milestone, which FTI Consulting projected prior to the COVID-19 pandemic would be reached in 2025, is an increase
ZAANDAM, the Netherlands – Ahold Delhaize said sales and profits increased in its second quarter as its stores in Europe and the United States gained market share. President and CEO Frans Muller said the financial results confirm the strength and breadth of Ahold Delhaize’s brand portfolio. “Our brands’ unparalleled understanding of customers, broad assortments and