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
GOODLETTSVILLE, Tenn. — Higher prices attracted more belt-tightening shoppers to its stores and helped Dollar General Corp. post quarterly sales and profits that topped Wall Street’s estimates for the discount retailer’s second quarter. Dollar General said net sales rose 9% to $9.4 billion in the quarter ended July 29, pushing net income to $678 million,
Total Store Expo, the National Association of Chain Drug Stores’ annual gathering of executives and merchants across the mass retailing trade classes, is history for 2022. The three-day event unfolded smoothly and productively in Boston as August wound down. Much has already been written and theorized about TSE. It has been variously labeled, praised and
Randy Edeker has had a remarkable run at Hy-Vee. Under his leadership as chairman and chief executive officer of the Midwestern grocer, the company extended its reach from food retailing and pharmacy to include other health and wellness services, e-commerce, restaurants and distribution. In the process, sales nearly doubled, and Hy-Vee emerged as an innovator
Supermarkets have long used their perishable food departments to wow shoppers and to convey an image of food quality and freshness that helps elevate shoppers’ perceptions of the whole store. The importance of fresh food has only grown lately, as the pandemic led Americans to change their grocery shopping and cooking habits in ways that
E-commerce grocery sales were modest and rising slowly as 2020 started. Once the pandemic forced lockdowns and restaurant closures across the United States, the story changed significantly. Consumers flocked online for essential purchases, adding $102.08 billion in revenue in 2020, and another $116.45 billion in 2021, according to Digital Commerce 360. Overall in 2021, consumers