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Hy-Vee to acquire Strack & Van Til chain

Hy-Vee to acquire Strack & Van Til chain

WEST DES MOINES, IOWA — Hy-Vee Inc. is in the process of acquiring the Strack & Van Til Food Market chain (also known as Indiana Grocery Group LLC), which has stores throughout Northwest Indiana, the company said on Wednesday. The acquisition will add 22 stores to Hy-Vee’s portfolio of more than 550 retail business units, which

Census data shows retail sales gains in March

Census data shows retail sales gains in March

WASHINGTON – Data released by the U.S. Census Bureau on Monday shows that retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, National Retail Federation Chief Economist Jack Kleinhenz said. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite

Video Forum: Mark Baum, FMI

Video Forum: Mark Baum, FMI

Mark Baum, senior vice president of industry relations and chief collaboration officer at FMI – The Food Industry Association, tells this week’s Video Forum about the ongoing drive to elevate the presence of supermarket operators and their suppliers in the household products, general merchandise, and health and beauty aids categories. He provides an update on

99 Cents Only Stores is going out of business

99 Cents Only Stores is going out of business

CITY OF COMMERCE, Calif. — The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on Friday, as part of a plan to wind down its operations and close all its stores. The liquidation sale will include all 371 of the retailer’s stores, which are located in Arizona, California,

Albertsons Cos. debuts simplified loyalty program

Albertsons Cos. debuts simplified loyalty program

BOISE, Idaho—Albertsons Cos. has launched a new, simpler version of its “for U” loyalty program, designed to provide more value and greater ease for the retailer’s 38 million loyalty program members. The program now uses a single points-based system, giving customers twice as much time to earn points and a new automatic cash-off option for

NRF: Economy ‘sturdy’ despite slower growth

NRF: Economy ‘sturdy’ despite slower growth

WASHINGTON – Despite expectations for slower growth of both gross domestic product and retail sales, the economy should continue to do well the remainder of this year, National Retail Federation chief economist Jack Kleinhenz said today. “No one can accurately forecast what surprises the next year might hold, but the foundation of the economy is

Kristen Wiig returns as ‘Target Lady’ in campaign

Kristen Wiig returns as ‘Target Lady’ in campaign

MINNEAPOLIS – Target has has enlisted actress Kristen Wiig to reprise her role as the iconic Target Lady in a national advertising campaign to support its Target Circle Week promotion. Scheduled for April 7-13, the promotion promises twice the amount of savings compared to its fall iteration, according to the retailer, which says that this

Dollar General promotes 18 executives

Dollar General promotes 18 executives

GOODLETTSVILLE, Tenn. — Dollar General has promoted 18 executives to new roles at the company. Leslie Allen has been promoted to senior vice president, human resources. In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Throughout her 12-year tenure at

WBA beats estimates for Q2 sales and profits

WBA beats estimates for Q2 sales and profits

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. topped analysts’ forecasts for second quarter revenue and adjusted earnings. WBA posted adjusted earnings per share of $1.20, well above Wall Street’s predicted 82 cents. Sales of $37.05 billion exceeded the estimated $36.22 billion. The company posted a net loss of $5.91 billion, or $6.85 per share for the period

Video Forum: Brian Nightengale, Inmar Intelligence

Video Forum: Brian Nightengale, Inmar Intelligence

In this week’s Video Forum, Brian Nightengale, the new president of health care solutions at Inmar Intelligence, discusses how data-driven tools and insights can make community pharmacy and other aspects of health care more productive operationally, while at the same time enhancing patient care. Nightengale also addresses implementation of the Drug Supply Chain Security Act

NRF forecasts retail sales to reach at least $5.23 trillion in 2024

NRF forecasts retail sales to reach at least $5.23 trillion in 2024

WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of American consumers and the retail industry. “The resiliency of consumers continues

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