One challenge big companies face is the constant need to find ways to get even bigger. Scott Galloway, professor of marketing at the Stern School of Business at New York University, led off this year’s Emerson Group Industry Day event with a presentation that touched on how disruptive it can be when big companies make
Editors Note: In this two-part series, the authors set out to show that household goods companies that have taken a siloed approach to merchandising and marketing can — and should — take the opportunity presented by the pandemic to broaden out into lifestyle companies that go beyond the reach of the home. The coronavirus pandemic
Quickly shifting market dynamics, the increased need for speed of item asset digitization, and changing customer expectations are all putting pressure on manufacturers and retailers to better manage product information. Several acronyms have become part of regular conversation, including MDM (Master Data Management), PIM (Product Information Management) and DAM (Digital Asset Management). Each system has
WOONSOCKET, R.I. — CVS Health this month announced several moves to advance the company’s reinvention as a multifaceted health care provider. The nation’s largest drug store chain said it would close 300 stores a year over the next three years as it adds primary care capabilities at some stores and converts more locations into HealthHub
ZAANDAM, Netherlands — Ahold Delhaize has unveiled a new growth and investment plan that promises to generate an extra €10 billion ($11.31 billion) in sales by 2025 by strengthening the company’s omnichannel capabilities while supporting its vision of offering the “leading local food shopping experience for customers.” Company president and chief executive officer Frans Muller
SCHENECTADY, N.Y. — Price Chopper/Market 32 and Tops Markets announced the closure of their previously announced merger earlier this month, after the deal was approved by the Federal Trade Commission. The agreement calls for the two companies to be managed locally by their respective leaders and continue to be referred to by their established brand
WASHINGTON — Early holiday shopping helped boost retail sales in October, according to the National Retail Federation (NRF), which sees the outcome as a positive omen for the rest of the season. “Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets under way,”
BENTONVILLE, Ark. — Walmart posted third quarter sales and earnings that topped expectations, and the company raised its outlook for the year. Comparable sales at Walmart U.S. grew 9.2% versus the prior-year period, with 15.6% increase on a two-year stack basis. Walmart U.S. e-commerce sales grew 8% for the quarter and 87% on a two-year
GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Michael Joyce its new senior vice president of supply chain strategy, inventory and demand management. Reporting directly to Tony Zuazo, Dollar General’s executive vice president of global supply chain, Joyce will lead the company’s supply chain functions, including inventory management, product fulfillment, supply chain strategy and demand
WEST SACRAMENTO, Calif. — Raley’s chief operations officer Kevin Konkel will retire, effective January 7, culminating nearly four and a half decades of service to the company. “Kevin is the epitome of a ‘service leader.’ His knowledge, professionalism and leadership have been a source of stability and inspiration. Kevin is far more than just a
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and VillageMD this month announced plans for new Village Medical at Walgreens primary care practices in Texas and Florida. The companies intend to open more than 20 new practices in the Dallas area over the next year, and 20 in the Tampa area. WBA recently increased its investment
CARLISLE, Pa. — In its move to serve more customers in Philadelphia, the GIANT Co. this month opened a new fulfillment center in the City of Brotherly Love. The supermarket retailer is poised to open three more stores in the city in the coming weeks. The 124,000-square-foot GIANT Direct E-commerce Fulfillment Center also enables the