CINCINNATI — Kroger Co. reported a 90% increase in digital sales in fiscal 2017, and said it increased market share for the 13th straight year. The company said the results validated its new Restock Kroger strategy. “We launched Restock Kroger in the fall of 2017 and finished the year with positive momentum in our sales
CHESAPEAKE, Va. — Dollar Tree Inc. on Wednesday reported strong sales and earnings for its fourth quarter and fiscal year ended February 3. Net income for the year increased 91.3% to $1.71 billion, and consolidated net sales for the year increased 7.4% to $22.25 billion. In the fourth quarter, net income more than tripled to
WARREN, N.J. — GSK Consumer Healthcare has launched Sensodyne Rapid Relief, a new toothpaste formulated for fast relief of tooth pain from sensitivity. GSK said Tuesday that Sensodyne Rapid Relief is clinically proven to alleviate tooth sensitivity in as soon as three days with twice-daily brushing. The toothpaste does this by quickly creating a protective
BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks, to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailers’ more than 2,300 stores and will help drive the growth of the
MINNEAPOLIS — Target Corp. on Tuesday reported fourth quarter sales that surpassed Wall Street’s expectations on strong growth in stores and online. Target posted a profit of $1.1 billion in the quarter compared to $817 million in the year-ago period. Revenue rose 10% to $22.7 billion. Customer traffic increased 3.2%, and online sales grew 29%.
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of Columbia. The merger will
BOSTON — According to a new study by global e-commerce analytics firm Profitero, Walmart’s online grocery prices are edging closer to Amazon’s, with only a slim gap separating prices between the two retailers. In the report, “Price Wars: Grocery, Household and Beauty,” Profitero analyzed pricing for 21,000 products in grocery, beauty and household supplies, and
CITY OF COMMERCE, Calif. — 99 Cents Only Stores LLC announced the promotion of Jack Sinclair to the role of chief executive officer. Sinclair succeeds Geoffrey Covert, who is retiring. The deep-discount retailer also announced the appointment of Jason Kidd as president and chief operating officer, reporting to Sinclair. Kidd joined 99 Cents Only Stores
WASHINGTON — After nearly 10 years of leading the Grocery Manufacturers Association (GMA), Pamela Bailey will be leaving her post as president and chief executive officer. Bailey will continue to manage the organization while the board of directors conducts a search for her successor. During Bailey’s tenure, GMA led the industry in supporting modernization of
ANN ARBOR, Mich. — Amazon and Publix Super Markets Inc. lead the pack in customer satisfaction, according to the latest report from the American Customer Satisfaction Index (ACSI). The “ACSI Retail Report 2017” shows that the retail sector as a whole remains steady, with an ACSI score of 78.1, down slightly from an all-time high
NEW YORK — The planned merger of Rite Aid Corp. and Albertsons Cos. should strengthen both retailers by bringing together several complementary strengths. First and perhaps most obvious will be the enhanced financial scale of the combined company. With 4,892 stores nationwide, pro forma annual revenue is projected to total around $83 billion for 2018,
NEW YORK — Nearly half of U.S. consumers shopped for apparel at Amazon.com over the past 12 months, according to a survey from Coresight Research, which concluded that Amazon is neck and neck with Target Corp. as the second-most-shopped apparel retailer in the United States (after Walmart), as measured by the number of shoppers. Much