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NEW YORK —Target on Monday announced plans to open a 43,000-square-foot small-format store in Manhattan’s Herald Square, across the street from Macy’s flagship store and just one block from the commuter hub at Penn Station. The new store is set to open in October, and will be one of 30 stores Target plans to open
GOODLETTSVILLE, Tenn. — Dollar General Corp. reported fiscal fourth quarter earnings of $414.2 million, or $1.49 per share. Revenue rose 13.7% to $6.01 billion. For the fiscal year, the discounter posted a profit of $1.25 billion, or $4.43 per share, the company announced on Thursday. Dollar General expects 2017 full-year diluted earnings to be $4.25
NEW YORK — Southeastern Grocers LLC has become the first supermarket operator to join the Plenti loyalty program operated by American Express. The program, which allows members to earn and use rewards at a number of businesses, including Exxon and Mobil gas stations and Rite Aid and Macy’s stores, will roll out to the retailer’s
BOISE, Idaho — Albertsons Cos. has appointed Jonathan Mayes as senior vice president of external affairs and chief diversity officer. In this post Mayes will be responsible for overseeing and leading the company’s diversity and inclusion efforts, along with the its government relations, sustainability and philanthropy departments. “As one of the largest employers in the
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has appointed Joseph Hartsig as chief merchandising officer and Adam Holyk as chief marketing officer for Walgreens. WBA said Friday that Hartsig and Holyk will start in their new positions on April 1. Both executives will report to WBA co-chief operating officer Alex Gourlay and join the Walgreens
JACKSONVILLE, Fla. — Southeastern Grocers continued to roll out its Hispanic banner with the opening of five new Fresco y Más stores in south Florida. The new outlets, which bring the chain’s store count to 11, are located in Miami and and Hialeah, Fla. The retailer, which also operates the BI-LO, Harveys and Winn-Dixie chains,
WASHINGTON – American consumers are expected to spend $5.3 billion to celebrate St. Patrick’s Day this year, according to the National Retail Federation. The retail group said Wednesday that the amount marked a record high in the 13-year history of NRF’s annual survey on consumer spending plans for the holiday, conducted by Prosper Insights &
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net income of $515 million in its second quarter, a decline of 5.7% from the same period a year earlier. For the year’s first half, the wholesale club operator’s net income rose modestly to $1.06 billion from $1.03 billion last year, Costco said on Thursday. Second quarter net
CINCINNATI — Kroger Co. on Thursday reported a profit of $2 billion in fiscal 2016, an increase of 3.1% from the preceding year. Revenue rose 5% to $115.3 billion. Excluding fuel, total sales increased 6.7%, the company said. Mergers with Milwaukee-based grocer Roundy’s and specialty pharmacy ModernHEALTH contributed to its 2016 profit growth, Kroger said.
ZAANDAM, the Netherlands — Ahold Delhaize reported strong fourth quarter and full year results, and said it was making good progress on implementing the Better Together strategy it announced in December. Chief executive officer Dick Boer said he was pleased with the merged company’s volume growth and strong margins, and stated that “2016 was not
CHESAPEAKE, Va. — Dollar Tree Inc. reported better-than-expected sales and earnings for the fourth quarter. Consolidated net sales increased 5.0% to $5.64 billion for the 13 weeks ended January 28, and gross profit increased 9.3% to $1.81 billion. “We are pleased with our overall performance for fiscal 2016,” said chief executive officer Bob Sasser. “For
NEW YORK — Target executives have announced plans to invest $7 billion over the next three years in an effort to win back the hearts of consumers after a disappointing 2016 that saw sales and net earnings fall. In its meeting with the financial community Tuesday, the retailer’s leaders said Target will “reimagine” about 600