ARLINGTON, Va. — Retail groups say consumers need to stop hoarding coins and start spending them, so retailers will have enough on hand to give people change for their cash purchases. FMI, the Food Industry Association, on Monday joined several other associations representing retailers and financial institutions in sending a letter to U.S. Department of
MINNEAPOLIS — Target Corp. capped a spectacular fiscal 2021 performance by recording more than $100 billion in sales for the first time and achieving record earnings per share in the fourth quarter. With both its in-store and e-commerce channels operating impressively, management has announced an aggressive program of investments to drive long-term growth and expand
PHILADELPHIA — Rite Aid Corp. earlier this month took steps to realign its management team and streamline the company’s operations. The move came on the heels of the introduction of a new customer loyalty program and a revamped philanthropic arm. The management changes included the elimination of the Rite Aid chief operating officer position and
CHESAPEAKE, Va. — Dollar Tree Inc. has shaken up its board of directors, naming Rick Dreiling, former chief executive officer of Dollar General Corp., executive chairman and adding Paul Hilal, CEO of private equity firm Mantle Ridge LP, as vice chair along with five other new directors. Former chairman and CEO Bob Sasser and five
CINCINNATI — Kroger Co. posted solid sales gains in its fourth quarter as customers continued to prepare and eat meals at home. Earnings exceeded projections despite higher supply chain costs, the company said earlier this month. Kroger revised its full-year adjusted earnings forecast to $3.40 to $3.50 a share from an earlier projection of $3.25
BENTONVILLE, Ark. — Walmart has introduced two new offerings that the company said will help make it simple, easy and affordable for customers to live better. Walmart becomes the first retailer to exclusively offer BetterUp for Caregivers and Easy Vitamin Plan subscriptions to customers across the United States, according to Julie Barber, senior vice president
ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking. The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David VanAmburg. “That’s the best way to describe the retail sector
MINNEAPOLIS — Target Corp. announced this week its most sustainable store yet, which will test innovations that generate renewable energy and reduce emissions. The Vista, California, store’s retrofit and new features will inform Target’s investments in new stores and remodel programs that support its long-term growth and help guide the retailer’s efforts to achieve its
AVENTURA, Fla. – The Consumer Healthcare Products Association (CHPA) awarded longtime industry leader Gary Downing its Ivan D. Combe Lifetime Achievement Award at the opening session of the organization’s annual Self-Care Leadership Summit (SLS). The award is the highest honor bestowed by the U.S. consumer health care industry and recognizes the outstanding work and contribution
ARLINGTON, Va. — NACDS announced that Karl Rove, senior advisor and deputy chief of staff for then-President George W. Bush, will speak at the National Association of Chain Drug Stores (NACDS) Political Action Committee (NACDS-PAC) Breakfast during the in-person 2022 NACDS Annual Meeting, to be held April 23-26 in Palm Beach, Fla. Karl Rove While at
LAKELAND, Fla.— Publix said Thursday that it is launching a register donation program to support people in Ukraine. “Our thoughts are with the people of Ukraine,” said Publix director of community relations Dwaine Stevens. “We’re grateful for the opportunity to provide a way for our customers and associates to help support the growing humanitarian need
GRAND RAPIDS, Mich. — SpartanNash has promoted David Sisk to the newly created role of chief customer officer, the company said Thursday. In his new role, Sisk will oversee customer engagements for all national accounts, independent and chain grocers, e-commerce retailers, and the U.S. military commissaries and exchanges. He will report directly to SpartanNash president