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NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were chosen as the publication’s Six Who Made a Difference in 2019. On hand to receive awards were the following executives: Brian Eason, Vice President of Consumer Health and Wellness, CVS Health. Lori Flees, Senior Vice President of Health and Wellness,
CINCINNATI — Both operating and net income tumbled by double digits during the third quarter at Kroger Co., while both sales and adjusted earnings fell short of analysts’ forecasts. As a result, the share price of the nation’s largest supermarket operator fell approximately 2% in early trading after results were announced. Reported net income for
WASHINGTON — Americans shopped in record numbers over this year’s Thankgiving holiday weekend, the National Retail Federation said Tuesday. A survey conducted for the NRF by Prosper Insights & Analytics found that a record 189.6 million U.S. consumers shopped in stores and online from Thanksgiving Day through Cyber Monday this year. That’s up 14% over
CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current quarter, when per-share earnings are projected to miss Wall Street
NEW YORK — Seventy-nine percent of consumers will shop for holiday gifts during the period between Thanksgiving and Cyber Monday, according to Deloitte LLP, which has dubbed the upcoming weekend “the most wonderful time of the year” for retailers. Shoppers are expected to spend an average of $415 over Thanksgiving weekend, with 87% of those
QUINCY, Mass. – Ahold Delhaize USA’s Retail Business Services unit is testing new frictionless store technology called lunchbox that is designed to let people shop a small format store in just seconds by scanning in, shopping, and walking out. The technology is currently being tested at Retail Business Services’ office in Quincy, Mass. Retail Business
MINNEAPOLIS – Target on Wednesday posted convincing gains in operating income, revenue and comparable-store sales as more shoppers visited its stores and website in the third quarter. The retailer raised its fourth-quarter and full-year guidance on earnings and comparable-store sales. Target said third-quarter comps increased 4.5% year on year (2.8% attributable to stores and 1.7%
BENTONVILLE, Ark. — Walmart has promoted Kathryn McLay to lead Sam’s Club as the division’s new president and chief executive officer. McLay succeeds John Furner, who was elevated last month to the role of president and CEO of Walmart’s U.S. division. McLay’s promotion comes less than a year after she was named executive vice president
BENTONVILLE, Ark. — Walmart on Thursday said its third-quarter revenue rose 2.5% to $128 billion on strong sales at its U.S. stores and websites. U.S. comparable sales increased 3.2%, extending a four-year streak of quarterly gains. U.S. e-commerce sales increased 41%, driven by gains in Walmart’s grocery business, which is gaining competitiveness thanks to the
BENTONVILLE, Ark. — Walmart shoppers can now ask Siri, the virtual assistant on their iPhone or iPad, to add items to their online grocery cart. “Earlier this year we announced a new way to make online grocery shopping even easier for customers – Walmart Voice Order – a service that gives customers the option to
CINCINNATI — Kroger Co. is seeking to emphasize its grocery heritage and its food bona fides with a new logo and a marketing campaign built around the slogan “Fresh for Everyone.” “Kroger’s new brand launch is a unifying framework for our seamless shopping experience that is designed to deepen our connection with customers and associates
ZAANDAM, the Netherlands — Ahold Delhaize reported that online sales gains and a solid performance in U.S. stores helped drive increased sales for the third quarter. “We saw a strong overall performance at our U.S. brands, particularly at Food Lion and Hannaford,” Ahold Delhaize president and chief executive officer Frans Muller said in a statement.