MEMPHIS, Tenn. — Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board. Joseph Anto, the company’s executive vice president, chief financial officer and secretary, will serve as interim chief executive officer. “The Board is appreciative
Despite his fiery rhetoric and sometimes unpredictable policy positions during the 2016 campaign, Donald Trump has mostly turned out to be the kind of president that business leaders can appreciate. The National Retail Federation praised the tax reform bill signed into law by President Trump, for example, calling it a “major victory for lawmakers.” And
We are moving quickly toward a world where it no longer makes sense to talk about “online retailers” and “traditional retailers.” Increasingly there are just retailers, who allow their customers to shop however they like. The merging of physical and digital retailing is the main takeaway from this year’s “State of Retail Online” study from
BOISE, Idaho – Albertsons Cos. is inviting vendors to join its new digital marketplace for food and wellness products. The online marketplace, set to open to consumers early this summer, will provide a venue where Albertsons Cos. customers can find and buy hard-to-find products and to discover new items and trends, the company says. “At
PLANO, Texas — Walmart plans to open add FedEx Office departments, which offering printing, shipping and other services, to 500 of its U.S. stores in the next two years. The move follows a successful pilot program involving 47 stores in six states. “Our busy customers view our stores as a one-stop-shop for all the products
JACKSONVILLE, Fla. — Southeastern Grocers said Tuesday that it would expand its Fresco y Más Hispanic banner beyond South Florida, opening three new locations in Orlando and Tampa, Florida. The announcement came less than a week after the company, which operates the Winn-Dixie, BI-LO, Harveys and Fresco y Más chains, said it would close 94
GOODLETTSVILLE, Tenn — Dollar General Corp.’s shares rose early Thursday after the company reported strong results for its fourth quarter and fiscal year. Same-store sales increased 3.3% for the fourth quarter ended February 2, beating Wall Street forecasts, and increased 2.7% for the fiscal year. Same-store sales were driven by gains in the consumables and
Retailers can expect no letup on competitive pressure in the year ahead. But as they continue to battle across formats and trade classes for market share, at least the economic pie they are fighting over appears likely to keep getting bigger. That is good news for retailers for a couple of reasons. On the political
As recently as last August, online grocery shopping seemed destined to remain a niche pursuit in the United States. A Gallup survey released at the time found that just 4% of Americans said they shop online for groceries on a weekly basis, while only 9% did so at least once a month. That compares to
WASHINGTON – Retail sales in January were nearly as strong as during the holiday season, dropping only 0.26% on a seasonally adjusted basis from December, according to the National Retail Federation. And sales rose 5.4% compared to last January. “These numbers reinforce a positive start to 2018 that reflects ongoing consumer optimism brought about by
BENTONVILLE, Ark. — Sam’s Club has promoted Sean Jackson to the post of senior vice president and general merchandise manager of consumables and health and wellness. He succeeds Jill Turner-Mitchael, who retired from that role at the end of January. Turner-Mitchael joined Walmart in 1992 as a pharmacist in Lubbock, Texas. During her 26 years with the
CINCINNATI — Kroger Co. said Wednesday that it is rolling out its Scan, Bag, Go shopping technology, which allows customers to use a wireless handheld scanner or the Scan, Bag, Go app on their personal device to scan and bag products as they shop for a faster checkout experience. Kroger is introducing the technology is