CHICAGO — Kearney today released its annual Consumer and Retail M&A report, Forged in crisis, poised to innovate, which shines a light on the current and immediate future deal landscape for consumer product and retail companies. After a pandemic year of M&A deal activity hitting rock bottom, the report projects a return in deal value and density,
BOISE, Idaho — Albertsons Cos. has named Jennifer Saenz executive vice president and chief merchandising officer, the company said Wednesday. Effective July 12, Saenz will be responsible for all areas of merchandising within the company, including Own Brands. She will also be responsible for strengthening the company’s relationships with its brand partners. Saenz will join Albertson
BELLEVUE, Wash. — Starting on Thursday, Amazon’s “Just Walk Out” cashier-less checkout option will be available at one of the company’s full-size Amazon Fresh grocery stores. The technology, currently available mainly at the company’s smaller Amazon Go stores, will be available at a new Amazon Fresh store opening Thursday at The Marketplace at Factoria in
WASHINGTON – Retail sales in May were down compared to April but up strongly year-over-year, the National Retail Federation said Tuesday. “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17%,” NRF president
WASHINGTON — Independent grocers are important sources of jobs, wages and taxes for the communities they serve, according to the latest economic impact study from the National Grocers Association. The NGA said Tuesday that the retailers are responsible for more than 1.1 million jobs (up from 944,200 in the previous study), paying wages of nearly
WOONSOCKET, R.I. — CVS Pharmacy said Tuesday its long-standing, popular and free ExtraCare Rewards loyalty program is paying 2% back in ExtraBucks rewards moments after nearly every transaction, rather than being paid out on a quarterly basis. Beginning in July, the 2% back in ExtraBucks Rewards that ExtraCare members love to earn on most purchases
DEERFIELD, Ill. — Walgreens has expanded its collaboration with Uber to offer products directly on the Uber Eats platform to customers across the United States, the company said Tuesday. Customers can have health and wellness, beauty and personal care, household essentials, over-the-counter medications and more, from Walgreens delivered through Uber. The on-demand delivery service is
CAMP HILL, Pa. — Rite Aid announced on Monday that Andre Persaud has been named chief retail officer. Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company’s RxEvolution strategy. “Andre has not only
WEST DES MOINES, Iowa — Hy-Vee, Inc. has signed a multiyear partnership with Google Cloud to stay on the cutting edge of digital technology and drive new and unique innovation for its customers – both in store and online. The company is utilizing a suite of services powered by Google Cloud to make online shopping
WASHINGTON – Retail sales will grow between 10.5% and 13.5% this year, topping $4.44 trillion, according to a revised forecast by the National Retail Federation. “The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF President and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus and private-sector
LONDON — RangeMe said Wednesday that it has launched in the U.K. Buyers at British retailers will now be able to source over 700,000 products and connect with more than 200,000 suppliers to fill their shopping aisles and online stores with curated products meeting consumer demand, the company said. Buyers at high street chain LloydsPharmacy are
BOISE, Idaho — Fetch Rewards, the nation’s No. 1 consumer-loyalty and shopper-rewards app, announced Tuesday its first-ever retail partnership with Albertsons Cos. The partnership between Fetch Rewards and Albertsons Cos. comes after a successful five-week pilot program aimed at driving Fetch users to shop at nearly 200 of the company’s stores. Albertsons Cos. leveraged Fetch