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WASHINGTON – Americans are expected to spend a record $14.2 billion on their significant others this Valentine’s Day, according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said. “With
JACKSONVILLE, Fla. — Southeastern Grocers said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing
MINNEAPOLIS — Target Corp. is introducing more than 1,000 new wellness-related products starting at just $1.99 to support shoppers without stretching their budgets. From apparel and accessories to supplements, vitamins and the latest tech, Target is offering its guests one-stop-shopping. “Wellness has been redefined to encompass a more holistic way of living — and it’s
MARCO ISLAND, Fla. – FMI — The Food Industry Association on Friday presented its 2024 Executive Leadership Awards to seven executives who “exemplify excellence in the food industry through innovative leadership, community outreach, and stellar customer service.” The 2024 awards, presented at FMI’s Midwinter Executive Conference, went to: Brookshire’s Brad Brookshire; KeHe Distributors’ Brandon Barnholt;
NEW YORK — What makes Wegmans special? How does it consistently rank at or near the top of retailing’s “best places” lists? Food, definitely, but you can find a cornucopia of mouthwatering food at a lot of places. For many, the answer comes down to people factors, things like customer service and the sense of
WEST DES MOINES, Iowa — As the first chief medical officer in Hy-Vee’s more than 90-year history, Dr. Daniel Fick is laying the groundwork for Hy-Vee’s future medical initiatives. An Iowa native, Fick first joined Hy-Vee at the age of 16 as a part-time employee. He went on to earn his medical degree and has
ATLANTA — Speaking at the Emerson Group’s Industry Day back in October, Amazon Web Services’ Justin Honaman started his presentation with a provocative question: “What are you doing today so that you’re not obsolete tomorrow?” It’s not a crazy question, he added, given that more than 50% of the companies in the Fortune 500 have
CHICAGO — H-E-B is the nation’s top grocery retailer in the seventh annual dunnhumby Retailer Preference Index (RPI). The index is the only approach to ranking grocers that combines financial results with customer perception, duhnhumby said today in announcing the results. Rounding out the top-10 are: Amazon; Costco; Market Basket; Sam’s Club; Wegmans Food Markets;
LAS VEGAS — Doug McMillon and several other members of Walmart’s management team discussed their vision of a new type of commerce — adaptive retailing — at the Consumer Electronics Show here yesterday. Driven by the needs of customers and associates, the concept hinges on technology and its role in creating an interconnected and frictionless
ARLINGTON, Va. – A new television ad from NACDS urges Congress to enact bipartisan pharmacy benefit manager (PBM) reforms that it has advanced in this legislative session. NACDS is warning against squandering the chance to protect Americans’ access to the pharmacies and pharmacists they trust and rely upon. In “Get It Done,” NACDS president and
WOONSOCKET, R.I. — CVS Health has formally made permanent the interim appointments of chief financial officer Tom Cowhey and interim president of health care delivery Mike Pykosz, the company said on Friday. CVS Health had announced on October 13 the interim appointments, and that Shawn Guertin would be taking a leave of absence. In an
DEERFIELD, Ill. — Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents per share from 48 cents per share, reducing the payout for the first time in nearly a decade. New CEO Tim Wentworth, who took