March 22, 2021 by MMR
fourth quarter, Kroger
2021, Issue 03-22-2021, Issues
CINCINNATI — Propelled by consumer behavior changes triggered by the COVID-19 pandemic, Kroger Co. saw its bottom line grow by more than 50% in fiscal 2020, despite a hefty charge to adjust union pension commitments that hammered results for the fourth quarter. Looking ahead, executives expressed confidence that their business model will be able to
March 22, 2021 by David Pinto
David Pinto, NACDS
2021, Issue 03-22-2021, Issues
Spring is here. Why doesn’t the breeze delight me? Stars appear. Why doesn’t the night invite me? — Larry Hart It has long been the belief in this space that the National Association of Chain Drug Stores is the most relevant retail business association in the United States. Our reasons are too complex, varied and
March 22, 2021 by Jeffrey Woldt
Jeffrey Woldt, Rx
2021, Issue 03-22-2021, Issues
CVS Health has issued its annual Health Trends Report and, unsurprisingly, it foresees a growing role for community pharmacy in the years ahead. The past 12 months have been a watershed for members of the profession, with pharmacy operators across the United States stepping up to help patients and customers cope with fallout from the
March 22, 2021 by Scot Meyer
business, pandemic, Scot Meyer
2021, Issue 03-22-2021, Issues
The COVID-19 pandemic has been bad for America and bad for many American businesses, but the end finally appears to be in sight. President Biden has said all adults will be eligible for vaccination no later than May 1, and this month he signed a $1.9 billion COVID-19 relief bill that should give the economy
March 22, 2021 by Christine Cross
Christine Cross, lockdown, London
2021, 2021, Issue 03-22-2021, Issues
LONDON — Hello from Lockdown London. Here in the U.K., we have been in full lockdown (no. 4) plus since January 4, 2021, and there is no sign of an immediate release. This means that all nonessential retail — i.e., everything except food, pharma and petrol — is closed, and the population is advised to
February 22, 2021 by MMR
Aldi
2021, Issue 02-22-2021, Issues
BATAVIA, Ill. — Aldi this month revealed new details of its “coast-to-coast expansion” plans, which call for the addition of 100 stores in 2021, the extension of its curbside pickup service to another 500 stores, and a new regional headquarters to facilitate the discount grocer’s push into the Gulf Coast region. The announcement came as
February 22, 2021 by MMR
Federal Retail Pharmacy Program, President Biden
2021, Issue 02-22-2021, Issues
NEW YORK — With President Biden’s Federal Retail Pharmacy Program now being rolled out across the U.S., it is hoped that there is light at the end of the pandemic tunnel. Biden’s plan is focused on distributing doses directly to retail pharmacies across the country and is aimed at meeting his goal of administering 100
February 22, 2021 by MMR
Amazon, Andy Jassy, Jeff Bezos
2021, Issue 02-22-2021, Issues
SEATTLE — Most retailers probably didn’t know much about Andy Jassy before last month. As chief executive officer of its web services division, Jassy was already running Amazon’s most profitable business. But now he steps fully into the spotlight, having been named to succeed Jeff Bezos as Amazon’s CEO. The move will mark the end
February 22, 2021 by MMR
Price Chopper, Tops
2021, Issue 02-22-2021, Issues
SCHENECTADY, N.Y. — Price Chopper/Market 32 and Tops Markets have agreed to merge, creating a retail company with nearly 300 stores in the Northeast. “This merger marks a major step forward and collectively elevates our ability to compete on every level,” Price Chopper/Market 32 president and chief executive officer Scott Grimmett says. “It leverages increased
February 22, 2021 by MMR
Bill Simon, PLMA
2021, Issue 02-22-2021, Issues
NEW YORK — During his keynote address to the Private Label Manufacturers Association’s (PLMA) Private Label Week event held virtually earlier this month, former Walmart U.S. chief executive officer Bill Simon said retailers and manufacturers of private label brands will be central in pulling the economy out of the quagmire it was sucked into by
February 22, 2021 by MMR
COVID-19, FMI, Midwinter Executive Conference
2021, Issue 02-22-2021, Issues
ARLINGTON, Va. — The leadership of FMI: The Food Industry Association took the occasion of the group’s annual Midwinter Executive Conference, held virtually for the first time last month because of COVID-19, to recognize the heroic efforts of member companies and their frontline workers during the pandemic, and to examine what the retail marketplace will
February 22, 2021 by MMR
Future Shop: A Shopper-centric View to 2022-2024, Wendy Liebmann, WSL Strategic Retail
2021, Issue 02-22-2021, Issues
ARLINGTON, Va. — Despite the hardships brought on by the pandemic, the “road ahead is now totally open” for retailers, WSL Strategic Retail chief executive officer and chief shopper Wendy Liebmann said during a recent webinar sponsored by the National Association of Chain Drug Stores. In her virtual presentation, “Future Shop: A Shopper-centric View to