GOODLETTSVILLE, Tenn. — Dollar General Corp.’s third quarter operating profit rose 10.5% to $735.5 million, as sales climbed 11.1% to $9.5 billion. Same-store sales for the period ended October 28 advanced 6.8%. “We are thankful to our team for their continued dedication to serving others, particularly in a challenging economic and operating environment,” said Jeff
GRAND RAPIDS, Mich. — Meijer has set January 26 as the opening day for its first two Meijer Grocery stores, which will be located just outside Detroit in Orion Township and Macomb Township. “By opening Meijer Grocery stores, we’re introducing a new way for our customers to shop that provides convenience, value and the great
SEATTLE — Amazon has launched Inspire — an in-app shopping experience that gives customers a new way to discover ideas, explore products and seamlessly shop from content created by other customers, influencers and brands they love. The app is rolling out to selected customers nationwide in early December, and will be available to all U.S.
CINCINNATI — Rodney McMullen, chairman and chief executive officer of Kroger Co., was joined by Albertsons Cos.’ CEO Vivek Sankaran last month in defending the companies’ proposed merger before a U.S. Senate subcommittee, whose members raised concerns over whether a combination of the nation’s two largest supermarket chains would harm consumers and workers. A merger
WASHINGTON — A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is
ISSAQUAH, Wash. — Costco Wholesale Corp. posted gains in first quarter sales and profits, but they fell short of analysts’ estimates. Adjusted earnings per share of $3.07 in the quarter ended November 20 were up from $2.98 a year earlier, but missed Wall Street’s forecast of $3.11 per share. Sales were $53.44 billion, up 8.1%
GOODLETTSVILLE, Tenn. — Ariel dela Cruz has joined Dollar General as divisional vice president of store operations, in one of three executive moves the company announced. Tim Jagneaux has joined Dollar General as vice president of construction, and Megan Kokoska has come aboard as vice president of digital engagement. In his new role, dela Cruz
NEW YORK — Walmart took the top spot in Kantar’s PoweRanking report for the 26th consecutive year, a feat that Kantar calls a testament to the retailer’s strength, scale and focus over time. PoweRanking is the industry’s leading assessment of best-in-class manufacturers and retailers. Chosen by their peers, leaders are ranked on a range of
CHESAPEAKE, Va. — Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were
Like so much in retailing, the Christmas selling season is a uniquely American creation. That’s the good news — and the bad. We probably didn’t invent Kris Kringle, but we Americans certainly popularized him, making him the centerpiece of the holiday selling season. Whatever the original definition and intent of Black Friday, we Americans transformed
The newfound willingness of executives to publicly discuss retail crime and its impact on consumers is a welcome development. Walmart CEO Doug McMillon is the latest in a series of industry leaders — a group that includes Andre Persaud, Rite Aid’s chief retail officer, and Target CFO Michael Fiddelke — to address the problem. “Theft
If you’re a music buff (or just of a certain age), you likely remember “Video Killed the Radio Star.” The first music video, it transformed the industry, replacing radio as the best way to spike record sales. A cautionary tale and lament for radio’s golden age, it spoke to the changes brought by technology and