NEW YORK — Online shopping and more meals eaten at home are two food retailing trends that emerged during the pandemic and are likely to stick around in the future. “Online grocery shopping took off and we saw six years worth of growth take place in about six weeks,” FMI president and chief executive officer
NEW YORK — It’s still “too early to tell” what pandemic-related changes in consumer behavior will persist with the return to normalcy, Walmart U.S. president and chief executive officer John Furner said last month. Interviewed by National Retail Federation president and CEO Matthew Shay during NRF’s Retail Converge Conference, Furner acknowledged that Walmart experienced an
MINNEAPOLIS — Target Corp. last month updated its sustainability goals with the release of Target Forward, spelling out its commitment to design and elevate sustainable brands; innovate to eliminate waste; and accelerate opportunity and social equity. “It’s imperative for both the health of our business and of our planet that we embrace new ways to
BOISE, Idaho — Former PepsiCo executive Jennifer Saenz has been named executive vice president and chief merchandising officer of Albertsons Cos. She is responsible for all areas of merchandising, including own brands. She will also be responsible for strengthening the company’s relationships with its brand partners. Saenz reports to president and chief executive officer Vivek
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has raised its outlook for the year and laid out its strategy to drive growth, after a stronger-than-expected fiscal third quarter. WBA’s adjusted earnings per share of $1.51 far surpassed analysts’ expectation of $1.17. Sales for the period ended May 31 rose 12.1% to $34.03 billion, topping the
WEST SACRAMENTO, Calif. — Raley’s has promoted two executives — Craig Benson and Levi Wingo — as part of what the company said are moves made to help the regional supermarket chain achieve its purpose of changing the way the world eats, one plate at a time. Benson has been named senior vice president and
NEW YORK — Since assuming control of a wobbly Southeastern Grocers in 2017, Anthony Hucker says he’s “put people first” in every aspect of the grocery retailer’s turnaround — essentially betting that by trusting and empowering employees, the workers would save the company. And that’s what’s happening, Hucker said during a keynote session at the
CAMP HILL, Pa. — Rite Aid Corp. recently posted results for the first quarter of fiscal 2022 that fell short of some analysts’ projections, although the company’s Retail Pharmacy Segment achieved robust sales and profit growth. However, the company’s full-year earnings forecast disappointed Wall Street, which drove down Rite Aid’s stock price by nearly 15%
WOONSOCKET, R.I. — CVS Health senior vice president of merchandising George Coleman has left the company to be with his wife in Italy. “It’s not an easy decision, but it’s a decision driven by my heart,” Coleman wrote in a letter addressed to suppliers. “Many of you are familiar with my story. Three years ago
Bed Bath & Beyond executive vice president and chief merchandising officer and Harmon Stores president Joe Hartsig spoke to MMR editor-in-chief Jeffrey Woldt about the company’s three-year revitalization plan. This is an excerpt of an interview that can be watched at massmarketretailers.com/category/videos. WOLDT: It’s Bed Bath & Beyond’s 50th anniversary at the same time that
Perhaps the most startling development to emerge from the pandemic — now that we’re being assured that the worst is behind us — is the emergence, or reemergence, of the regional grocery retailer. It is reasonably safe to say that the local or regional supermarket retailer is stronger and more clearly dominant today than at
Walgreens Boots Alliance turned in solid quarterly results at the beginning of the month and, in the process, shed some light on the future of the company under CEO Roz Brewer, as well as on the broader retailing and health care sectors as they cope with the massive disruptions caused by COVID-19. During the third