NEW YORK — Holiday retail sales are likely to increase between 4% and 6% in 2022, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice projects holiday sales will total $1.45 to $1.47 trillion during the November to January timeframe. In 2021, holiday sales grew by 15.1% in the same period.
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) Foundation is accepting applications for community impact project proposals that seek to improve inequities, increase access to care for underserved populations, and advance public health. Applications in response to the Request for Proposals (RFP) are due Oct. 27 at 11:59 p.m. EST through the
CHICAGO — Rising food prices are causing consumers to cut back on their purchases, according to Information Resources Inc.’s latest report. IRI’s report, “August 2022 Price Check: Tracking Retail Food and Beverage Inflation,” contains insights about food inflation and its impact on consumer shopping behavior. The insights leverage the latest point-of-sale data for August 2022
MINNEAPOLIS — Target is teaming up with FAO Schwarz to raise its game in the toy category ahead of the holiday season. Target said Monday that, beginning in mid-October, FAO Schwarz toys will be available exclusively at Target stores, Target.com and FAO Schwarz stores. Target also announced that its 10th annual Bullseye’s Top Toys list
PHILADELPHIA — Rite Aid announced on Monday that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. 13, 2023, following the retirement of Brian Hoover who has served in the role for the last three years during his 27 years with Rite Aid. Bixler will report to chief financial
BOSTON — Retailers and suppliers who returned to this year’s National Association of Chain Drug Stores Total Store Expo late last month heard an encouraging message about their industry and its growing role at the center of America’s health care and wellness future. NACDS chair Brian Nightengale, who is also president of Good Neighbor Pharmacy,
GRAND RAPIDS, Mich. — In its latest innovation to provide a shopping solution for every customer, Meijer has introduced Meijer Grocery, a brick-and-mortar store concept and banner offering customers a convenient, simplified shopping experience while providing communities easier access to fresher food. The first two Meijer Grocery stores will open early next year in neighborhoods
WASHINGTON — U.S. economic growth has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation chief economist Jack Kleinhenz said earlier this month. “As we come to the end of the summer, economic indicators are signaling an unsteady U.S. expansion in the face of several headwinds,” Kleinhenz explained,
CLEVELAND, Ohio — Two Ohio counties have been awarded $650 million in damages in a lawsuit against CVS, Walgreens and Walmart, claiming the way the pharmacy chains distributed pain medications significantly harmed the communities. The August 17 ruling is the first by a federal judge that assigns monetary damages against the chains for their roles
GOODLETTSVILLE, Tenn. — Dollar General Corp. continues to shuffle its leadership ranks ahead of the planned retirement of chief executive officer Todd Vasos. The latest move involves a promotion for chief financial officer John Garratt, who on September 1 added the role of president. The 53-year-old Garratt will remain responsible for the company’s finance, accounting,
CARLISLE, Pa. — GIANT Co. president Nicholas Bertram left the company at the end of August to pursue other opportunities. John Ruane has been appointed interim president. “We have been fortunate to have Nick lead The GIANT Co. during his nine-year tenure,” said Kevin Holt, president of Ahold Delhaize USA. “His leadership has inspired very
CHESAPEAKE, Va. — Dollar Tree Inc. reported consolidated net sales of $6.77 billion in the quarter ended July 30, up 6.7% from a year earlier. Store comps increased 7.5% in the Dollar Tree chain, 2% in Family Dollar and 4.9% companywide. The performance reinforces the relevance of its brands for millions of households coping with