August 15, 2022 by MMR
Dollar General, Jeff Owen, Todd Vasos
2022, Issue 08-15-2022, Issues
GOODLETTSVILLE, Tenn. — Dollar General Corp. chief executive officer Todd Vasos plans to step down from his position effective November 1. He will be succeeded by Jeff Owen, who has served as Dollar General’s chief operating officer since 2019. As part of the leadership transition, Vasos is expected to serve in a senior advisory position,
August 15, 2022 by MMR
job cuts, Walmart
2022, Issue 08-15-2022, Issues
BENTONVILLE, Ark. — Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.” The layoffs, first reported by The Wall Street Journal, came just a week after Walmart revised its profit outlook for its second quarter and fiscal
August 15, 2022 by MMR
Aaron Wiese, Hy-Vee, Jeremy Gosch, Randy Edeker
2022, Issue 08-15-2022, Issues
WEST DES MOINES, Iowa — Hy-Vee chairman and chief executive officer Randy Edeker has tapped Aaron Wiese to succeed him as CEO, effective October 1. Wiese is currently the company’s vice chairman and president of its supply chain and subsidiaries. Jeremy Gosch will remain Hy-Vee’s president and chief operating officer, responsible for all of the
August 15, 2022 by MMR
Amazon, One Medical
2022, Issue 08-15-2022, Issues
SEATTLE — Amazon last month announced a deal to acquire One Medical, a publicly traded primary care company. San Francisco-based One Medical operates on a membership model. Its services are an employee benefit at 8,500 companies. Individuals can purchase a yearly membership for $199, allowing them to access One Medical’s virtual care and same-day appointments
August 15, 2022 by MMR
economic indicators
2022, Issue 08-15-2022, Issues
NEW YORK — The economy is showing unexpected signs of strength as consumers continue spending despite concerns about inflation, while the Department of Labor jobs report for July shows the economy added half a million jobs last month. Despite those trends, consumers continue to express pessimism. Employment growth far exceeded expectations and effectively recouped the
August 15, 2022 by MMR
CVS Health, second quarter
2022, Issue 08-15-2022, Issues
WOONSOCKET, R.I. — CVS Health easily beat analysts’ projections for second quarter sales and earnings, and raised its full-year profit outlook. The company posted adjusted earnings per share of $2.40, topping Wall Street’s average forecast of $2.17. Net income was $2.96 billion, or $2.23 per share, up from $2.79 billion, or $2.10 per share, a
August 15, 2022 by MMR
grocery delivery network, Kroger
2022, Issue 08-15-2022, Issues
CINCINNATI — Kroger continues to extend its grocery delivery network rapidly, most recently via the openings of a new “spoke” in Louisville, Ky., and a customer fulfillment center (CFC) in Dallas. Kroger describes the 50,000-square-foot spoke as “a last-mile, cross-dock” operation that features technology from U.K.-based partner Ocado Group PLC. The spoke allows Kroger to
August 15, 2022 by MMR
Chicago, Denver, sortation centers, Target
2022, Issue 08-15-2022, Issues
MINNEAPOLIS — Target Corp. is adding three new sortation centers in the next year to speed deliveries for shoppers in the greater Chicago and Denver metro areas. The centers (two in Chicago, one in Denver) will also allow employees to work more efficiently and lower shipping costs, according to a post on the company’s website.
August 15, 2022 by Jeffrey Woldt
Asha Lundal, EY Americas’ Food and Agriculture Consulting Practice, Food and Agriculture Innovation Studio, Jeffrey Woldt
2022, Issue 08-15-2022, Issues
ST. LOUIS — The food and agricultural ecosystem has been shaken by the events of the last three-plus years, calling into question many long-held assumptions about how such products get from farm to table. Disruptions in the supply chain and changes in consumption patterns triggered by COVID-19, inflation levels not seen for 40 years and
August 15, 2022 by MMR
FTI Consulting, online sales, Retail & Consumer Products
2022, Issue 08-15-2022, Issues
WASHINGTON — The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will reach $1.07 trillion in 2022 despite increasing concerns among shoppers about the condition of the economy and personal finances. The milestone, which FTI Consulting projected prior to the COVID-19 pandemic would be reached in 2025, is an increase
August 15, 2022 by David Pinto
David Pinto, H-E-B
2022, Issue 08-15-2022, Issues
Ask 100 people to name the two best Beatles songs and you’re likely to get 200 different answers. The point is, identifying the best of anything is not all that easy. To the contrary, it’s a daunting assignment. Which brings us to the subject for today. Can anyone here name the best retailer? Or the
August 15, 2022 by Jeffrey Woldt
1Life Healthcare Inc., Amazon, Jeffrey Woldt, One Medical
2022, Issue 08-15-2022, Issues
Anyone who had doubts about the depth and durability of Amazon’s commitment to disrupting the health care system should have had those concerns put to rest when the company agreed last month to pay some $3.9 billion to acquire One Medical, a provider of physician-delivered primary care services, and 1Life Healthcare Inc., the network’s administrative