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ISSAQUAH, Wash. — Costco Wholesale Corp., even more than most retailers, has a business model built around efficiency. The company offers a limited selection of products, most of them available in only the most popular flavor, color or size, which results in high sales volumes and rapid inventory turns. Combined with the operating efficiencies achieved
WASHINGTON – Retail sales for the 2021 holiday season totaled $886.7 billion, up 14.1% over 2020 and easily beating the National Retail Federation’s forecast, the retail trade group said on Friday. That number, which includes $218.9 billion in online and other non-store sales (up 11.3%) but excludes sales at automobile dealers, gasoline stations and restaurants,
WOONSOCKET, R.I. — Mario Rivera has joined CVS Health as senior vice president of Supply Chain, reporting to Michelle Peluso, executive vice president and chief customer officer, CVS Health and co-president, Retail. He will be responsible for their supply logistics, distribution, inventory, omnichannel and engineering, as CVS Health looks to transform its supply chain operations
CHICAGO — Amazon took the top spot in dunnhumby’s latest ranking of the nation’s top grocery retailers, with H-E-B following in second place and Market Basket leapfrogging three retailers to take the third spot away from Trader Joe’s. Wegmans held onto the fourth spot for a second year in a row. “The pandemic has massively
MMR‘s sister publication, Chain Drug Review, has named the National Association of Chain Drug Stores its Retailer of the Year. The designation might seem odd for an association, but NACDS is an organization comprised of retailers, with C-suite executives from member companies comprising the board of directors. This edition of Video Forum features three of
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) on Friday lauded the Biden Administration for initiating action to rein in direct and indirect remuneration (DIR) fees and pledged continued vigilance to optimize the regulatory proposal for the benefit of seniors and for the viability of the pharmacies that serve them. Steven Anderson “DIR fees
DEERFIELD, Ill. — Walgreens Boots Alliance far surpassed analysts’ expectations for first quarter profits, as adjusted earnings per share jumped 53.2% to $1.68. Wall Street’s consensus forecast for adjusted EPS was $1.33. With customers flocking to stores for COVID vaccines and tests, sales for the period ended November 30 climbed 7.8% from the year-ago quarter
BENTONVILLE, Ark. — Walmart is scaling up its InHome delivery service, with plans to make it available to 30 million households (up from 6 million today) by the end of the year. To that end, the company said Wednesday that it plans to hire more than 3,000 associate delivery drivers this year and will build
BENTONVILLE, Ark. — Walmart on Tuesday debuted a new line of home organization products in collaboration with Clea Shearer and Joanna Teplin from the Emmy-nominated Netflix series “Get Organized with The Home Edit.” “We are excited to welcome The Home Edit to our growing list of exclusive partnerships that resonate with our customers, which includes
JACKSONVILLE, Fla. — Southeastern Grocers Inc. (SEG) is concluding the year by celebrating its accomplishments, the company said, noting that it has refreshed more than 70% of its total store footprint, added new products, and donated more than $5.5 million back into the communities it serves. “As we conclude 2021 and look back at all
PURCHASE, N.Y. — Retail sales (excluding automotive) increased 8.5% year-over-year this holiday season, according to Mastercard SpendingPulse. Online sales grew 11.0% compared to the same period last year, the preliminary insights show. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, defines the holiday season as running from November 1
NEW YORK – The Honest Company’s founder and chief creative officer Jessica Alba and CEO Nick Vlahos have been added to the list of speakers slated to appear next month at NRF 2022: Retail’s Big Show. The pair will share insights on how the company has navigated the clean lifestyle movement to emerge as a