WASHINGTON — The National Retail Federation (NRF) and the Retail Industry Leaders Association each welcomed the decision by the U.S. Supreme Court to reenter the dispute over whether states should be able to require online retailers to collect and remit state sales taxes. Retailers and others had been expecting the court to take up the
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has raised $100 million in new financing and is pursuing an additional $200 million. The company also amended existing notes to increase its borrowing base advance rate for inventory and defer its collateral coverage test and restart it with the second quarter of 2018. Sears Holdings furthermore is
CHAPEL HILL, N.C. — Lidl’s entrance into the United States last June prompted rival grocers to lower prices on key staples by as much as 55% at stores in the vicinity of the Lidl outlets, according to a study released January 10 by the University of North Carolina Kenan-Flagler Business School. The study was led
SEATTLE — Retail veteran Kathi Lentzsch has been appointed chief executive officer of Bartell Drugs. She succeeds Brian Unmacht, who resigned last spring. Unmacht was the first person outside of the Bartell family to head the company. Lentzsch has more than three decades of retail experience, with executive positions in companies including Pier 1 Imports
NEW YORK — Consumers have specific demands, especially when shopping online, according to the most recent issue of “Consumer View,” a report issued by the National Retail Federation. Online shoppers, the NRF finds, expect to get their merchandise delivered quickly and for free. “Consumers today want what they want when they want it and they
SAN BERNARDINO, Calif. — Stater Bros. Markets has promoted George Frahm to company president, in one of a series of leadership changes at the privately held grocery chain. Frahm, who reports directly to chief executive officer Pete Van Helden, began his grocery career in 1973 as a clerk’s helper and janitor at the Stater Bros.
MIAMI – On Monday morning the Food Marketing Institute presented two awards meant to recognize how the voice of food retailing can be a force in government advocacy and a champion in the communities grocers serve. “These legacy-makers leveraged their voices to shape a more prosperous future for our industry and the communities in which
MIAMI – The Food Marketing Institute (FMI) on Saturday recognized three executives at its Midwinter Executive Conference here. According to FMI president and CEO Leslie Sarasin, who presented the awards, the honorees share a legacy of achievement in trade relations, entrepreneurial spirit and statesmanship. “Our industry is rooted in a commitment to people and communities,” Sarasin
BOISE, Idaho — Albertsons Cos. announced the launch of Albertsons Performance Media, a digital media tool for providing brands with proprietary shopper data that can help drive sales across the supermarket operator’s network of 2,300 stores in 35 states. Albertsons Performance Media features technology from Quotient Technology Inc., a Silicon Valley-based provider of digital coupons
ARLINGTON, Va. — The Food Marketing Institute had some big successes in 2017, and FMI president and CEO Leslie Sarasin likens those accomplishments to creations made with Lego blocks: they required perseverance, and they are the result of many small pieces coming together in just the right way. FMI is highlighting those achievements in this
BENTONVILLE, Ark. — Walmart has formed an alliance with Japan’s largest online retailer, Rakuten Inc., that leverages each partner’s strengths and assets to expand consumer reach and enhance the way customers are served in Japan and the United States, the companies announced Thursday night after Walmart president and chief executive officer Doug McMillon met in
ZAANDAM, Netherlands — Ahold Delhaize reported net sales of 15.8 billion euros ($19.5 billion) in the fourth quarter, largely on the strength of a 6% sales increase in the Netherlands, the company said on Wednesday. Fourth quarter sales in the United States — where the retailer does about two-thirds of its business — increased 1.5% (excluding