Total Store Expo, the National Association of Chain Drug Stores’ annual gathering of executives and merchants across the mass retailing trade classes, is history for 2022. The three-day event unfolded smoothly and productively in Boston as August wound down. Much has already been written and theorized about TSE. It has been variously labeled, praised and
Randy Edeker has had a remarkable run at Hy-Vee. Under his leadership as chairman and chief executive officer of the Midwestern grocer, the company extended its reach from food retailing and pharmacy to include other health and wellness services, e-commerce, restaurants and distribution. In the process, sales nearly doubled, and Hy-Vee emerged as an innovator
Supermarkets have long used their perishable food departments to wow shoppers and to convey an image of food quality and freshness that helps elevate shoppers’ perceptions of the whole store. The importance of fresh food has only grown lately, as the pandemic led Americans to change their grocery shopping and cooking habits in ways that
E-commerce grocery sales were modest and rising slowly as 2020 started. Once the pandemic forced lockdowns and restaurant closures across the United States, the story changed significantly. Consumers flocked online for essential purchases, adding $102.08 billion in revenue in 2020, and another $116.45 billion in 2021, according to Digital Commerce 360. Overall in 2021, consumers
GOODLETTSVILLE, Tenn. — Dollar General Corp. chief executive officer Todd Vasos plans to step down from his position effective November 1. He will be succeeded by Jeff Owen, who has served as Dollar General’s chief operating officer since 2019. As part of the leadership transition, Vasos is expected to serve in a senior advisory position,
BENTONVILLE, Ark. — Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.” The layoffs, first reported by The Wall Street Journal, came just a week after Walmart revised its profit outlook for its second quarter and fiscal
WEST DES MOINES, Iowa — Hy-Vee chairman and chief executive officer Randy Edeker has tapped Aaron Wiese to succeed him as CEO, effective October 1. Wiese is currently the company’s vice chairman and president of its supply chain and subsidiaries. Jeremy Gosch will remain Hy-Vee’s president and chief operating officer, responsible for all of the
SEATTLE — Amazon last month announced a deal to acquire One Medical, a publicly traded primary care company. San Francisco-based One Medical operates on a membership model. Its services are an employee benefit at 8,500 companies. Individuals can purchase a yearly membership for $199, allowing them to access One Medical’s virtual care and same-day appointments
NEW YORK — The economy is showing unexpected signs of strength as consumers continue spending despite concerns about inflation, while the Department of Labor jobs report for July shows the economy added half a million jobs last month. Despite those trends, consumers continue to express pessimism. Employment growth far exceeded expectations and effectively recouped the
WOONSOCKET, R.I. — CVS Health easily beat analysts’ projections for second quarter sales and earnings, and raised its full-year profit outlook. The company posted adjusted earnings per share of $2.40, topping Wall Street’s average forecast of $2.17. Net income was $2.96 billion, or $2.23 per share, up from $2.79 billion, or $2.10 per share, a
CINCINNATI — Kroger continues to extend its grocery delivery network rapidly, most recently via the openings of a new “spoke” in Louisville, Ky., and a customer fulfillment center (CFC) in Dallas. Kroger describes the 50,000-square-foot spoke as “a last-mile, cross-dock” operation that features technology from U.K.-based partner Ocado Group PLC. The spoke allows Kroger to
MINNEAPOLIS — Target Corp. is adding three new sortation centers in the next year to speed deliveries for shoppers in the greater Chicago and Denver metro areas. The centers (two in Chicago, one in Denver) will also allow employees to work more efficiently and lower shipping costs, according to a post on the company’s website.