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SAN BERNARDINO, Calif. — Stater Bros. Markets vice chairman Phillip Smith has been chosen to serve as chairman. He succeeds executive chairman Jack Brown, who died recently. “I am honored to have been elected to the position of chairman of the board of Stater Bros. Markets,” Smith said. “I knew Jack for over 40 years and
ZAANDAM, Netherlands — Ahold Delhaize on Wednesday provided institutional investors in London with an update on its Better Together strategy for capturing the benefits of international scale combining with great local brands and associate expertise. Executives used the company’s Capital Markets Day presentation to explain how Ahold Delhaize intends to build on its solid financial
NEW YORK — Despite U.S. consumers’ ever-tightening embrace of online shopping, brick-and-mortar stores still trump digital channels when it comes to grooming and cosmetics purchases, according to The Harris Poll. About nine in 10 consumers shop in person for hair styling products (91%), shampoos and conditioners (91%), cosmetics (90%), non-sunscreen products with SPF protection (89%),
GRAND RAPIDS, Mich. – Meijer president Rick Keyes will take on the additional title of chief executive officer, effective January 1. In that post he will succeed current CEO Hank Meijer, who will serve as executive chairman of the Meijer board. “We have witnessed Rick’s deep understanding and appreciation of our culture and his passion
NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were chosen as the publication’s Seven Who Made a Difference in 2016. On hand to receive awards were the following executives: John Butcher, Senior Vice President of Merchandising for Beauty and DermStore, Target. Jeremy Gosch, Executive Vice President, Strategy, Chief Merchandising
CHICAGO — The nation’s retailers used hefty discounts to lure Black Friday shoppers into their stores and to their websites to capture as much spending as they could over the four-day Thanksgiving weekend, according to research firm Market Track LLC. Retailers proactively released their circulars on average three days earlier than last year through their
MINNEAPOLIS — Target Corp. is wooing Cyber Monday shoppers by bringing back last years 15%-off sale, but launching it a day early and extending it to purchases made in brick-and-mortar stores as well as on the Target.com web site. “Target is building on last year’s record-breaking Cyber Monday event with a truly spectacular two-day offer,”
NEW YORK — A survey from Deloitte LLP finds that 76% of Americans will go shopping over the Thanksgiving weekend. The firm forecasts per-capita spending of $400 over the four days between Thanksgiving and Cyber Monday, an increase of nearly 8% from last year’s $369. “Holiday shopping often kicks in a little later during election
BENTONVILLE, Ark. — Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago. Sales were $118.18 billion, up 0.7% from last year
MINNEAPOLIS — Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion. Analysts had expected earnings of 83 cents a share on $16.3 billion in revenue,
SAN BERNARDINO, Calif. – Longtime Stater Bros. chairman, president and chief executive officer Jack Brown died on November 13. He was 78. Brown kicked off a 65 year career in the grocery industry at age 13, when he took a job as a box boy at Berk’s Market Spot, which was located in his home
GOODLETTSVILLE, Tenn. — Dollar General Corp. announced plans to open the first of its new small-format stores early next year in Nashville. The new format, tentatively branded DGX, aims to serve busy metropolitan shoppers with everyday-low prices on the essentials they need in a convenient, easy-to-shop format, the company said in a statement on Wednesday.