MINNEAPOLIS — Target Corp. recently completed its 1,000th store remodel, a milestone that represents the halfway point in a strategy announced five years ago to reimagine the ways it serves guests through innovative store design and renovations. In commemorating the milestone, Target noted in a post last month on its “Bullseye View” blog that stores
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) sales in its third quarter declined 4.2% from a year earlier on flagging demand for vaccines and COVID-19 tests. Quarterly earnings also took a $683 million hit related to the company’s settlement with the state of Florida to resolve claims tied to the dispensing of prescription opioids, the
WASHINGTON — A favorable consumer outlook over the next few months might be enough to keep the U.S. economy from tipping into a recession in 2022, according to National Retail Federation (NRF) chief economist Jack Kleinhenz. “The economy is moving away from extremely strong growth toward moderate growth, but increased income from employment gains, rising
CHESAPEAKE, Va. — Dollar Tree Inc. announced late last month the departures of key operating and financial executives, a shake-up that the company said was made to support implementation of its turnaround initiatives. Dollar Tree said it is seeking candidates to replace chief operating officer Thomas O’Boyle, chief legal officer William Old, chief strategy officer
SEATTLE — Amazon has tapped company veteran Doug Herrington to be the new chief executive officer of its Worldwide Amazon Stores unit. He will succeed Dave Clark, the former CEO of Amazon Worldwide Consumer, who is leaving the company to serve as CEO of the supply chain software start-up Flexport. “I’m excited to share that
CINCINNATI — Kroger Co. is expanding its online order delivery network with the addition of a new customer fulfillment center (CFC) in Pleasant Prairie, Wis., the company said last month. “We are thrilled to launch Kroger Delivery in Pleasant Prairie, continuing our long-standing engagement in the state of Wisconsin,” said Kroger senior vice president and
CHICAGO — H-E-B has emerged as the nation’s top e-commerce grocery retailer in the inaugural dunnhumby eCommerce Retailer Preference Index (RPI). The index is the product of what dunnhumby described as “a consumer-survey-informed statistical model that predicts how retailers execute on the customer needs that matter most for driving e-commerce performance and emotional bonds with
LAKELAND, Fla. — Publix is moving ahead with its planned expansion into Kentucky, the company’s eighth state. Late last month, the supermarket broke ground on its first Kentucky store, which is expected to open in the fourth quarter of next year, and announced plans for a third store in the state. “It’s an exciting day
UNION, N.J. — Bed Bath & Beyond Inc. has named Sue Gove, an independent director on the company’s board and chair of its strategy committee, the company’s interim chief executive officer. She replaces Mark Tritton, who has left his role as president, CEO and board member, the company said. The move came as the retailer
BENTONVILLE, Ark. — More than 1,100 businesses from across the country pitched their products made, grown or assembled in the United States to Walmart and Sam’s Club merchants at Walmart’s ninth annual Open Call on June 30. Preliminary results indicate that more than 330 of those pitches resulted in a deal for businesses to sell
GOODLETTSVILLE, Tenn. — Dollar General has promoted seven executives to new leadership roles, the company said. Mark Banister has been promoted to senior vice president of in-store experience. In this role, Banister will lead the space management, project execution and support, fixtures and supplies, and store planning teams. He joined Dollar General in 2009 and
All early evidence points to an inescapable fact: Walmart is serious about expanding its customer base by upgrading its offerings, presentation and consumer options, both in-store and online. Initial documentation of the retailer’s intent came with the opening, earlier this year, of an upscale store in Springdale, Ark., a location adjacent to its Bentonville, Ark.,