RK_1170x120_3-11-19

Asda-Sainsbury’s merger cancelled

Asda-Sainsbury’s merger cancelled

LONDON — British grocer Sainsbury’s planned £7.3 billion ($9.4 billion) acquisition of Walmart’s Asda division has been blocked by U.K. regulators. Britain’s Competition and Markets Authority ruled that the deal, announced in April 2018, would hurt competition and result in higher prices for consumers, not only in stores but also online and at gas stations.

CBD category is gaining momentum

CBD category is gaining momentum

NEW YORK — Although obstacles to a widespread rollout remain, CBD products are edging into the mainstream. Late last month both CVS Pharmacy and Walgreens announced that they would begin selling CBD products in some stores. CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland and

There is no truce in transaction fee war

There is no truce in transaction fee war

The war between retailers and credit card companies over transaction fees continues. The latest battle in that war began on March 1, when Kroger Co. announced that its Smith’s Food & Drug Stores division will be the company’s second banner to stop accepting Visa credit cards as a form of payment, beginning on April 3. Foods

GIANT Food opens e-commerce hub

GIANT Food opens e-commerce hub

CARLISLE, Pa. — GIANT Food Stores hosted a ribbon cutting ceremony on Tuesday for a new e-commerce hub in Lancaster, Pa. The facility is part of the retailer’s recently rebranded digital grocery operation, which is called “GIANT DIRECT, Powered by Peapod.”  The new hub, which is being operated in partnership with Peapod Digital Labs, will

Target reports holiday sales, leadership changes

Target reports holiday sales, leadership changes

MINNEAPOLIS — Target Corp. on Thursday reported strong sales gains for the November/December holiday sales period, and reiterated its sales and earnings guidance for the full year. The company also announced changes in its executive ranks, including the planned retirement of chief financial officer Cathy Smith. Target’s holiday sales performance included a 5.7% comparable store sales

Stop & Shop to acquire King Kullen

Stop & Shop to acquire King Kullen

BETHPAGE, N.Y. — Ahold Delhaize said Friday that Stop & Shop, its largest banner in the United States, has agreed to acquire King Kullen Grocery Co. The agreement includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, N.Y. “This transaction underscores our commitment to

Retailers hedge bets as trade tensions ease

NEW YORK — Just in time for the holidays, retailers received some good news about trade. First, right after retailers posted strong Thanksgiving weekend sales, came the news that President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto had signed a new trade pact — the United States-Mexico-Canada Agreement — to

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