PURCHASE, N.Y. — E-commerce sales hit a record in the 2019 holiday season, helping lift seasonal sales (excluding vehicles) by 3.4% from the year-earlier level, according to Mastercard SpendingPulse. The report noted that e-commerce sales were up 18.8% compared to the 2018 holiday season, though it did not give a dollar figure. E-commerce sales contributed
DEERFIELD, Ill. — Walgreens has tapped Dr. Kevin Ban to serve as its new chief medical officer. In his role as CMO, Ban is assuming leadership of the Walgreens clinical office, overseeing the development of enterprise clinical programs and clinical analytics and directing provision of care, clinical outcomes, patient safety, and health care information systems
CAMP HILL, Pa. — Rite Aid Corp. reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
GRAND RAPIDS, Mich. — Woodward Corner Market, a new neighborhood grocery store by operated by Meijer Inc., is scheduled to open on January 29 at Thirteen Mile Road and Woodward Ave. in Royal Oak, a suburb of Detroit. The market is focused on bringing a mix of fresh, convenient food and value to customers in
BENTONVILLE. Ark. — Walmart Media Group, the retailer’s advertising unit, has introduced an auction-based marketplace that aims to give advertisers more transparency and control of their sponsored product campaigns. “Brands will now be able to increase visibility with Walmart’s diverse, sizable audience of shoppers,” Lex Josephs, vice president of sales and media partnerships at Walmart
WESTBOROUGH, Mass. — BJ’s Wholesale Club has appointed Lee Delaney to serve as chief executive officer. He succeeds Christopher Baldwin, who has been named executive chairman. Baldwin will also serve as a strategic advisor to Delaney. The company also appointed Thomas Kingsbury, the former CEO of Burlington Stores Inc., to its board of directors. The
CHESAPEAKE, Va. — In a reorganization of its senior management structure, Dollar Tree Inc. has promoted three executives. In addition, Duncan Mac Naughton, who had been serving as president of the Family Dollar segment of the business, has left the company. The management changes are intended to improve the execution of Dollar Tree’s overall strategy
BOISE, Idaho — Albertsons Cos. said that its third-quarter revenue increased 1.9% to $14.1 billion, driven by a 2.7% increase in comparable-store sales. Same-store sales have now increased for eight consecutive quarters. Gains in the 12 weeks to November 30 were attributed to growth in sales of its Own Brands merchandise. Participation in Albertsons’ grocery
DEERFIELD, Ill. — Walgreens Boots Alliance’s first quarter results fell short of Wall Street’s forecast. Stefano Pessina Adjusted earnings per share for the period ended November 30 were $1.37, while analysts had projected $1.41. Adjusted net earnings slid 11.8% to $1.2 billion, down 11.6% on a constant currency basis, from the year-ago period. Revenue also
CHICAGO – H-E-B was rated the top U.S. grocery according to the third annual dunnhumby Retailer Preference Index (RPI), a nationwide study of the $700 billion U.S. Grocery market. The San Antonio-based supermarket operator took over the top spot from Trader Joe’s, which had held it for two years, and also moved ahead of Amazon
SAN BERNADINO, Calif. — Stater Bros. has promoted Keith Thomas to the position of executive vice president of retail operations. Thomas will report directly to Stater Bros. president Greg McNiff and will be responsible for overseeing the retail operations of all the retailer’s stores. He will also be charged with ensuring that Stater Bros. provides
CINCINNATI — Procter & Gamble Co.’s Always feminine hygiene brand and partners including Walmart have renewed the #EndPeriodPoverty campaign to help girls grow in confidence and reach their full potential. The partners want to triple the number of feminine care products donated “so no girl misses out on the confidence-building activities she loves because of