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BENTONVILLE, Ark. — Walmart reported sales of $141.7 billion for the fourth quarter of fiscal 2020, an increase of $12.9 billion, or about 2.1%, over the prior year period. Earnings and sales fell short of analysts expectations, however, and Walmart said that holiday sales were softer than expected. Walmart president and CEO Doug McMillon said
QUINCY, Mass. – Ahold Delhaize USA plans to discontinue its Peapod online grocery business in the Midwest, eliminating the delivery service in Illinois, Wisconsin and Indiana. The retailer, which acquired Peapod in 2000, will focus instead on expanding its omnichannel capabilities in the East Coast markets it also serves with brick-and-mortar stores. “This was a
DEERFIELD, Ill. — Richard Ashworth has been named president of the Walgreens drug chain, the largest component of Walgreens Boots Alliance (WBA). In his new role, Ashworth, a 28-year Walgreens veteran, succeeds Alex Gourlay, who remains WBA’s co-chief operating officer and continues to oversee the Walgreens and Boots businesses. Ashworth will be responsible for developing
KEASBEY, N.J. — Wakefern Food Corp.’s The Fresh Grocer brand is boosting its presence in New Jersey this month with the conversion of four Foodtown stores to the banner. The move involves supermarkets operated by Nicholas Markets Co. in Cedar Grove, Colonia, North Haledon, and Washington Township, N.J. The Maniaci family, which operates Nicholas Markets,
GOODLETTSVILLE, Tenn. — Dollar General said Monday that it expects to create at least 8,000 career opportunities in the fiscal year that began February 1 as it expands its network of distribution centers, remodels 1,500 existing stores and adds 1,000 new stores. The discount retailer enters fiscal 2020 with more than 143,000 employees, up from
SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion
CALHOUN, Ga. — The second Walmart Health center, a facility that promises a wide range of affordable health care services in an accessible mass retail setting, opened Wednesday in a remodeled Supercenter here. “We think we can make an impactful difference in affordability, convenience and, most importantly, accessibility for the Calhoun community,” said Sean Slovenski,
PHOENIX — FMI recognized six luminaries from the food retailing and supplier communities with its 2020 Executive Leadership Awards, which were presented Saturday during a luncheon at the association’s Midwinter Executive Conference here. “The food industry is a people business,” FMI president and chief executive officer Leslie Sarasin said. “In our operations, there are three
WEST DES MOINES, Iowa — Hy-Vee has promoted Jay Marshall to the new role of vice chairman, and Darren Baty to the key post of executive vice president and chief merchandising officer. The promotions are among a series of executive moves at the grocery chain, which operates more than 265 retail stores across eight Midwestern
ARLINGTON, Va. – The former Food Marketing Institute on Tuesday officially rebranded itself as FMI – The Food Industry Association. The change reflects a strategy to “more broadly represent the food marketplace and embrace a more interconnected supply chain, the trade association said. “FMI provides the most productive forum for connecting and holding constructive dialogue
BENTONVILLE, Ark. — Walmart said on Friday that chief merchant Steve Bratspies is leaving the company. Bratspies has been the company’s chief merchandising officer for more than four years, a key role that oversees product selection and pricing in its U.S. stores, according to the company. He will be replaced by Scott McCall, another company
BENTONVILLE, Ark. — Recognizing the dramatically changing mass retailing marketplace, the editors of Mass Market Retailers have selected Walmart as the initial recipient of the publication’s newly created award for the most outstanding U.S. omnichannel retailer. The designation of Walmart, the world’s largest retailer, for this recognition was not a difficult decision. In 2019, the