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BETHPAGE, N.Y. — Ahold Delhaize said Wednesday that its Stop & Shop division’s planned acquisition of King Kullen Grocer Co. is off. A joint decision was made to terminate the acquisition deal because an agreement about terms of the deal could not be reached, Ahold Delhaize said in a statement. The initial announcement of the proposed merger
Editor’s note: NACDS president and chief executive officer Steven Anderson has released the following statement to NACDS members on the tragic death of George Floyd and on racism in America: On May 25, George Floyd’s breath was taken from him tragically and senselessly. Many Americans feel that their breath was taken along with his. For
In the latest installment of our Video Forum, Rich Tremonte, executive vice president and president of community and specialty pharmacy at AmerisourceBergen, discusses the company’s success in keeping the pharmaceutical supply chain on track during the outbreak of the novel coronavirus, pharmacy retailers’ stepped-up efforts to meet the needs of patients, and the Good Neighbor
Steven Anderson, president and chief executive officer of NACDS has issued the following memo regarding 2020 Total Store Expo: To: NACDS Members From: Steven C. Anderson, FASAE, CAE, IOM President & Chief Executive Officer Date: June 4, 2020 Steven Anderson The San Diego Convention Center has announced that it will now be closed for events
SALISBURY, N.C. — Food Lion has agreed to buy 62 BI-LO/Harveys Supermarket stores in North Carolina, South Carolina and Georgia from Southeastern Grocers, the company said on Wednesday. “We are so excited to add these new locations to our more than 630 stores across Georgia and the Carolinas,” said Food Lion President Meg Ham. “We’ve
Rite Aid’s ongoing turnaround efforts have been complicated by the arrival of COVID-19. In the second in a new series of video interviews by MMR’s sister publication Chain Drug Review, Rite Aid chief operating officer Jim Peters shares his insights about the company’s robust response to the pandemic and the core elements of the plan
GOODLETTSVILLE, Tenn. — Dollar General Corp. posted strong sales gains in the first quarter, as consumers continued to flock to its stores for essentials in response to the COVID-19 pandemic. The company on Thursday reported that net sales increased 27.6% in the 13-week fiscal first quarter ended May 1. Same store sales increased 21.7%. Operating
QUINCY, MASS. – Ira Kress has been appointed president of Ahold Delhaize USA’s Giant Food unit, the company said Tuesday. He had been serving as interim president since July 2019. “Ira has been a dedicated leader for Giant Food for 36 years and we are proud to appoint him to this role,” Ahold Delhaize USA
DEERFIELD, Ill. – With Richard Ashworth’s resignation as Walgreens president to lead Tivity Health Inc., one thread in the drug chain’s storied history is coming to an end, even as the overarching narrative of its transformation continues. Ashworth – whose duties are being assumed by Walgreens Boots Alliance co-chief operating officer Alex Gourlay, whom he
BOISE, Idaho — Albertsons Cos. plans to sell a 17.5% stake to the private equity firm Apollo Global Management for $1.75 billion. The deal, announced Wednesday, is expected to close by June 15. “Albertsons Companies is pleased to work with Apollo and its co-investors,” Albertsons president and CEO Vivek Sankaran said in a statement. “Apollo
MINNEAPOLIS — Target beat sales expectations in the first quarter, with total revenue that grew 11.3% compared to last year. Earnings fell as consumers spent less on higher margin products like apparel, and the retailer boosted wages and spending on safety measures related to COVID-19. Target’s total comparable sales grew 10.8% in the first quarter,
BENTONVILLE, Ark. — Walmart posted strong sales gains across its businesses in the first quarter, with demand driven by the COVID-19 outbreak. Unprecedented demand for products across multiple categories led to strong top-line results. But certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and