NEW YORK — This year’s holiday season should be a happy one for retailers, with a number of forecasts pointing to strong sales gains. Deloitte’s annual holiday retail forecast found that retail sales during the November to January period are likely to increase between 7% and 9%, totaling $1.28 trillion to $1.3 trillion. Deloitte also
EAU CLAIRE, Wis. — Hy-Vee Inc.’s newest store opened here September 28 with many of the amenities that the regional supermarket chain is known for plus new features that modernize the shopping experience. At 92,163 square feet, it’s one of the West Des Moines, Iowa-based chain’s largest stores and one of just four it operates
CHESAPEAKE, Va. — Dollar Tree Inc. will begin adding new price points above $1 at all of its Dollar Tree Plus stores while testing higher price points at more than 100 selected legacy Dollar Tree locations. The moves were prompted both by positive customer response to the retailer’s recent format initiatives and by rising operating
AUSTIN, Texas — Whole Foods Market cofounder and chief executive officer John Mackey said he will retire effective September 1, 2022. Jason Buechel, who currently serves as Whole Foods’ chief operating officer, will succeed Mackey as CEO. “September marked Whole Foods Market’s 43rd anniversary (including two years at Safer Way — the precursor to Whole
NEW YORK — Retailers are boosting their staffing levels in preparation for the holiday season, with both Target Corp. and Walmart making major announcements. Target said it is providing 5 million more hours to current store team members this holiday shopping season, resulting in over $75 million more in pay for its existing team. Through
NEW YORK — Supermarket operators Kroger Co. and the GIANT Co. independently unveiled plans last month to offer new delivery services in partnership with online grocery platform Instacart. Kroger and Instacart unveiled Kroger Delivery Now, offering 30-minute delivery enabled by what the partners call a first-of-its-kind convenience store. GIANT teamed with San Francisco-based Instacart in
WASHINGTON — The National Retail Federation will recognize Target chairman and chief executive officer Brian Cornell with its The Visionary award, which will be presented during the seventh annual NRF Foundation Honors event in New York City. CVS Pharmacy president Neela Montgomery will also be honored as one of the People Shaping Retail’s Future 2022.
CAMP HILL, Pa. — Rite Aid Corp., whose corporate associates have been successfully working remotely since the early days of the pandemic, plans to embrace a remote-first approach going forward. The company plans to establish an official headquarters in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than for office spaces. Additionally, planned
The New York Times, an otherwise very reputable and trustworthy newspaper — indeed, here in the Northeast it is rightly viewed as the newspaper of record — appears to this observer to be inordinately fond of finding fault with Walmart. (It should be added here that this same journalist, and the newspaper he represents, is
In the 72 years that FMI has issued “The Food Retailing Industry Speaks” report, the survey of retail and wholesale companies is unlikely to have uncovered such a confluence of promise and peril as it has today. With COVID-19 acting as the catalyst, the supermarket sector experienced unprecedented demand and buttressed its standing over the
It’s been more than nine months since the arrival of vaccines that were supposed to put a stop to the pandemic, allow frustrated consumers to start traveling and eating in restaurants again, and spark an economic boom. But not everyone is getting vaccinated, the virus is mutating and sticking around, the economic picture is mixed,
Speed to shelf is vital at brick-and-mortar. As Amazon, other retail leaders such as Walmart and Target, and worldwide circumstances continue to disrupt established business models, and shopper behavior increasingly favors an omnichannel experience, the focus for all retail supply chain stakeholders has become agility, speed and resilience. Many retailers have teamed with partners to