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The nation’s grocers have had to adapt quickly to changing conditions over the past year and a half. In this week’s Video Forum, Leslie Sarasin, president and chief executive officer of FMI, talks about the resilience shown by the industry during the COVID pandemic. She also discusses changing shopping patterns, the ramifications of consumers’
ROCHESTER, N.Y. – Wegmans Food Markets is bringing its heralded supermarket experience to Manhattan with the planned opening of a second New York City store in the second half of 2023. The outlet will be located at 770 Broadway, the former site of the Astor Place Kmart store. Wegmans opened its first NYC store in
BOISE, Idaho — Albertsons Cos. reported $21.3 billion in revenue for the first quarter, down from $22.8 billion during the same quarter last year. That decline was primarily driven by a 10% decrease in identical store sales, caused by reduced demand compared to the pandemic-induced surge in last year’s quarter. On a two-year stacked basis,
BENTONVILLE, Ark. — Walmart said Wednesday that it will make some of its online, in-store fulfillment, and store pickup technologies available to other businesses through a strategic partnership with Adobe Commerce. “We’ve built new capabilities to serve the evolving needs of our own customers, and we have a unique opportunity to use our experience to
NEW YORK — The pandemic shifted consumer shopping habits and product preferences, and that in turn has led to big changes for the employees of food retailers and their suppliers. Now companies are ready to look past the pandemic and define the future of work for the industry, according to a new report. “Future of
In this week’s Video Forum, John O’Brien, who became president and chief executive officer of the National Pharmaceutical Council in June, addresses the challenges faced by the nation’s health care system and the role that biopharmaceutical products can play in addressing them. He discusses the importance of NPC’s research in highlighting the value of prescription
ARLINGTON, Va. — Food retailers are investing to turn their stores into community health and well-being destinations, according to a new report from FMI – The Food Industry Association. Eighty-four percent of respondents in a poll of grocery retailers said their company has an established health and well-being strategy, and this same share of retailers report that
MINNEAPOLIS — The first Ulta Beauty at Target departments are set to debut next month in 100 stores, the partnering retailers said on Wednesday. The list of initial stores for the launch is available here. “Ulta Beauty at Target is unmatched in the industry, bringing guests the opportunity to discover new prestige brands while they
As the industry gears up for NACDS Total Store Expo, which this year will be held virtually from August 23 through August 25, Video Forum talked with four executives about ways to get the most out of the event. Jim Whitman, senior vice president of member programs and services at NACDS; Lisa Paley, general manager
WASHINGTON — Retail sales grew in June after dipping month-to-month in May, in a sign that the industry is benefiting from an improving economy. Retail sales rose 0.6% in June, according to the U.S. Commerce Department, which also revised data for May to show sales falling 1.7% instead of declining 1.3% as previously reported. Many
GOODLETTSVILLE, Tenn. — Dollar General has announced plans to hire up to 50,000 employees between now and Labor Day. “At Dollar General, we are uniquely positioned as the nation’s largest retailer by store count to serve customers through our expansive network and provide access to careers in the communities we call home,” said Kathy Reardon,
CINCINNATI — Kroger Co. has tapped Valerie Jabbar, currently group vice president of center store merchandising, to succeed Steve McKinney as senior vice president of retail divisions. McKinney is set to retire, effective August 7, after more than 40 years with Kroger. McKinney began his career with with the retailer in 1981, taking a job