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MINNEAPOLIS —Target Corp. has collaborated with the accessories brand Stoney Clover Lane on a limited-time-only collection of more than 300 items, including colorful apparel and swimwear, travel accessories, beauty essentials and outdoor items. Target said Wednesday that the collection includes kits and individual patches to allow consumers to tailor many of the products to fit
WASHINGTON — Worries about war and inflation are not expected to keep consumers from spending money in retail stores and on online this year, according to the National Retail Federation. Retail sales will grow between 6% and 8% this year to top $4.86 trillion this year, the trade group’s annual forecast predicts. The forecast was
BENTONVILLE, ARK — Walmart is establishing new global tech hubs in Atlanta and Toronto, and plans to hire more than 5,000 technology workers globally this fiscal year. Walmart Global Tech plans to make Toronto one of its larger hubs, with hundreds of new jobs over time, the company said. The initial hiring phase is expected to
BENTONVILLE, Ark. — Walmart on Monday opened the application period for its ninth annual Open Call event, which will give companies a chance to pitch their American-made products to the giant retailer. Open Call — scheduled for June 28 and 29 — is Walmart’s largest sourcing event that is dedicated to bringing products made, grown
JACKSONVILLE, Fla. — Southeastern Grocers Inc. plans to continue its Florida expansion into 2023, opening a new Winn-Dixie store in the College Park section of Jacksonville next year. “We are always looking to better serve our customers, and the new College Park Winn-Dixie store presents an exciting opportunity for us to expand in our hometown,”
GRAND RAPIDS, Mich. — SpartanNash has promoted David Petko to executive vice president and chief supply chain officer. Petko was hired in April 2021 as senior vice president and chief supply chain officer reporting to president and CEO Tony Sarsam. He oversees all aspects of SpartanNash’s global supply chain, which serves 145 Company-owned stores, over
PURCHASE, N.Y. — U.S. consumer spending maintained its positive momentum in February, according to Mastercard SpendingPulse, which found that overall retail sales (excluding auto) increased 8.7% year-over-year and were up 17.3% compared to pre-pandemic (2019) spending levels. This is slightly above January growth. In-store spending grew 10% in February compared to the same month last
PHILADELPHIA — Rite Aid Corp. announced on Tuesday steps to realign its management team and streamline the company’s operations, including the elimination of the Rite Aid chief operating officer position and consolidation of its pharmacy leadership. As a result, Jim Peters, COO, and Jocelyn Konrad, executive vice president and chief pharmacy officer, have left the company.
This week’s Video Forum features the second part of an interview with Bryan Gildenberg, senior vice president of commerce at the Omnicom Commerce Group and former chief knowledge officer at Kantar. The changing behavior of consumers, the impact of Amazon on the marketplace, and the future of brick-and-mortar stores are among the issues Gildenberg addresses.
GOODLETTSVILLE, Tenn. — Dollar General Corp. said Friday that it expects to create about 10,000 net new career opportunities in fiscal 2022 as it continues to grow. Dollar General recently announced the planned addition of 1,110 new stores, includes approximately 100 new pOpshelf store locations. The company also plans to add new traditional and DG
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $50.94 billion for the second quarter ended February 13. Net sales for the 24-week year-to-date period increased 16.4%, to $100.35 billion, up from $86.23 billion last year. Comparable club sales increased 11.3% in the United States (excluding the impacts from changes in gasoline prices and
CINCINNATI — Kroger delivered fourth-quarter results that topped expectations, with a total 3.7% sales gain (excluding fuel). Identical sales without fuel increased 4.0%, exceeding expectations for a 2.84% rise, and were up 14.6% on a two-year stack basis. Digital sales on a two-year stack grew 105%. Adjusted earnings per share of $0.91 also beat expectations.