ZAANDAM, Netherlands — Ahold Delhaize reported a 9.2% increase in net sales at its U.S. operations in the fourth quarter of 2022. Comparable-store sales (excluding gasoline) were up 9.3% in the quarter at the company’s U.S. banners of Food Lion, Stop & Shop, the GIANT Co., Giant Food, Hannaford and FreshDirect. Online sales in the
ORLANDO, Fla. — Saying “the time is now,” Thrifty White Pharmacy chief operating officer Justin Heiser told attendees at the 2023 National Association of Chain Drug Stores Regional Chain Conference here that the industry was ready to do more for customers and patients. “There is no doubt that the COVID-19 pandemic created an opportunity for
BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new distribution and
CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020,
CHICAGO –– H-E-B has regained the leadership position in the sixth annual dunnhumby Retailer Preference Index (RPI), an examination of the U.S. grocery market by data science firm dunnhumby. Costco Wholesale holds the second position in this year’s index, followed by Amazon. Wegmans held the fourth position for the third consecutive year. Rounding out the
ALEXANDRIA, Va. — The National Association of Chain Drug Stores is standing up for retail pharmacies and seniors in formal comments to the Centers for Medicare and Medicaid Services (CMS) on proposed Medicare rules for 2024. The message: Finish the job on DIR (direct and indirect remuneration) fee reform. In comments submitted earlier this month,
CHICAGO — Americans have an exaggerated perception of food retailers’ profit margins and overestimate the impact of inflation on grocery prices, according to a new report. According to the latest dunnhumby Consumer Trends Tracker, U.S. consumers think the net profit margin for grocery retailers is 35.2%, or 14 times higher than the 2.5% margin actually
WASHINGTON — The Merchants Payment Coalition (MPC) has sent a letter to a U.S. House committee urging passage of the Credit Card Competition Act as a way of limiting Chinese involvement in industry groups that set security standards governing U.S. credit and debit card networks. The letter to members of the Financial Services Committee was
GOODLETTSVILLE, Tenn. — Dollar General posted a 5.7% increase in same-store sales for the fourth quarter, according to preliminary results reported on Thursday. That is below the company’s previous expectation of an increase of about 6% to 7%. The company now expects diluted earnings per share for the fourth quarter in the range of $2.91
MINNEAPOLIS — Target plans to invest $100 million to expand its next-day delivery infrastructure, including by adding new sortation centers that make its store-as-hub delivery model more efficient. “The stores-as-hub model is really centered around this assumption that we can use the store in a guest’s local community to fill all their needs,” explains Sara
SEATTLE — Amazon has completed its $3.9 billion acquisition of the primary care provider One Medical, the two companies said on Wednesday. The deal, announced last July, is part of Amazon’s effort to expand its presence in the healthcare business, where the company sees opportunities to grow by remaking the customer experience. “We’re on a
BENTONVILLE, Ark. — Walmart cited broad-based strength across its global segments in posting revenue growth of 7.3% in its fiscal year ended January 31. The company posted fiscal 2023 net income of nearly $11.7 billion, down 14.6% compared with the previous fiscal year. For the current year, through January 2024, Walmart is forecasting a same-store