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BENTONVILLE, Ark. — Walmart is launching the first-ever private brand analog insulin, which the company said Tuesday will revolutionize the affordability of diabetes care by offering customers significant price savings without compromising quality. Available exclusively through Walmart’s private ReliOn brand, the new offering includes analog insulin vials ($72.88) and FlexPen ($85.88). These products will
Jeff Owen, chief operating officer of Dollar General, tells this week’s Video Forum about the company’s success in adjusting to the changing needs of customers during the COVID pandemic. He also addresses the factors behind big gains in Dollar General’s nonconsumables business, what it takes to ensure consistent store-level execution across a chain with more
NEW YORK – The pandemic has put consumers in the driver’s seat: it’s a truism voiced repeatedly at this week’s NRF Retail Converge conference. Kath McLay, president and chief executive officer at Sam’s Club, shares the sentiment, and thinks the new normal also is an opportunity for retailers willing to engage consumers on their terms.
NEW YORK – Since assuming control of a wobbly Southeastern Grocers, in 2017, Anthony Hucker says he’s “put people first” in every aspect of the retailer’s turnaround — essentially placing a bet that by trusting and empowering employees, the workers would save the company. And that’s precisely what’s happening, Hucker said Tuesday during a keynote
In this week’s Video Forum, Patrick Spear, president and chief executive officer of the Global Market Development Center/Retail Tomorrow, takes stock of factors impacting the nonfoods business in the wake of COVID-19, including rising consumer confidence and lingering supply chain challenges. He also addresses GMDC/Retail Tomorrow’s pivot to virtual events, and the organization’s efforts
WOONSOCKET, R.I. — CVS Health senior vice president of merchandising George Coleman is leaving the company early next month to be with his wife in Italy. “It’s not an easy decision, but it’s a decision driven by my heart,” Coleman wrote in a letter to suppliers. “Many of you are familiar with my story.
CINCINNATI — Kroger on Thursday reported first-quarter results that beat analysts’ expectations. The retailer also raised its guidance for the year and announced a new $1 billion share repurchase plan. “Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on
BOISE, Idaho — Albertsons Cos. has named Jennifer Saenz executive vice president and chief merchandising officer, the company said Wednesday. Effective July 12, Saenz will be responsible for all areas of merchandising within the company, including Own Brands. She will also be responsible for strengthening the company’s relationships with its brand partners. Saenz will join Albertson
WASHINGTON — Independent grocers are important sources of jobs, wages and taxes for the communities they serve, according to the latest economic impact study from the National Grocers Association. The NGA said Tuesday that the retailers are responsible for more than 1.1 million jobs (up from 944,200 in the previous study), paying wages of nearly
In this week’s Video Forum, Chip Davis, president and chief executive officer of the Healthcare Distribution Alliance, talks about the resilience the pharmaceutical supply has shown during the COVID pandemic, and the lessons that the experience of the past 14 and a half months holds for the future. In addition, he addresses the ongoing implementation
WASHINGTON – Retail sales will grow between 10.5% and 13.5% this year, topping $4.44 trillion, according to a revised forecast by the National Retail Federation. “The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF President and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus and private-sector
Now celebrating its 50th anniversary, Bed Bath & Beyond is in the midst of an ambitious three-year revitalization plan. Joe Hartsig, executive vice president and chief merchandising officer, tells this week’s Video Forum about the ongoing rollout of new private label lines, efforts to enhance the in-store experience, and the importance of giving consumers omnichannel