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MINNEAPOLIS — Target Corp. chief merchant Mark Tritton is resigning to become CEO of Bed, Bath & Beyond. With his departure, Target has tapped Christina Hennington and Jill Sando, two executives with nearly 40 years of combined experience with the company, to head the retailer’s merchandising organization on an interim basis. They will report directly to Target
INDIANAPOLIS — This past weekend the Global Market Development Center | Retail Tomorrow (GMDC) held its inaugural Selfcare Summit 2019 conference, a three-day business development and educational event focused on the “consumerization” of health care and its impact on the future of retail here. The summit replaced GMDC’s annual Health Beauty Wellness (HBW) Conference to
ISSAQUAH, Wash. — Costco Wholesale Corp. posted solid sales increases for the 16-week fourth quarter and the 52-week fiscal year, ended September 1. Net sales for the quarter were $46.45 billion, an increase of 7% from $43.41 billion during the similar period last year. Net sales for the fiscal year were $149.35 billion, an increase
CAMP HILL, Pa. – Rite Aid announced on Thursday the appointment of Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications. Jim Peters “Jim is
NEW YORK — Retailers can expect a 4% year-on-year sales bump in the holiday months of November and December, according to a forecast from Coresight Research Inc. “A steady economic backdrop frames this year’s holiday shopping season. Higher wage growth and lower gas prices point to the potential for higher sales,” the research firm says
CAMP HILL, Pa. — Rite Aid’s second quarter earnings beat analysts’ forecasts, but overall and same-store sales fell short of projections. Heyward Donigan Under new chief executive officer Heyward Donigan the chain reported adjusted earnings per share of 12 cents, well ahead of Wall Street’s expectation of 7 cents. But the retailer’s revenue of $5.37
CINCINNATI — Kroger Co. opened a new, 52,000-square-foot urban format store in its hometown here on Wednesday. The store in downtown Cincinnati includes the retailer’s first-ever food hall, called On The Rhine Eatery. The food hall showcases the grocer’s own food restaurant concept, Kitchen 1883 Café and Bar, as well as the outposts of a
BENTONVILLE, Ark. – Less than two weeks after providing a first glimpse into its pioneering “Walmart Health’ concept, the company has unveiled a plan to train associates for occupations in health care. Beginning September 24, Walmart’s 1.5 million associates in the United States can apply for one of seven bachelor’s degrees and two career diplomas
BENTONVILLE, Ark. — Walmart will stop selling e-cigarettes and other vaping products, the company said Friday. The move comes in the wake of reports that more than 500 people in the United States have contracted a lung disease that is believed to be linked to vaping. Eight people have died from the condition. Concerns about
WASHINGTON – The Business Roundtable on Thursday tapped Walmart president and chief executive Doug McMillon to serve as its next chairman. He will serve a two-year term starting January 1. McMillon will succeed Jamie Dimon, chairman and CEO of JPMorgan Chase, as chairman of the association of corporate chief executive officers, which aims to promote
NEW YORK — Retail sales this holiday season are likely to increase by between 4.5% and 5%, according to projections by Deloitte. “Based on a growth in consumer disposable income and spending indicators, retailers, across channels, should expect a strong holiday season in 2019,” said Rod Sides vice chairman, Deloitte LLP and U.S. retail and
DALLAS, Ga. — When Sam Walton opened the first Walmart store in Rogers, Ark., in 1962, he set in motion an enterprise that fundamentally transformed the way Americans shop, giving them convenient access to high-quality consumer products at the lowest possible price. Now, 57 years later, the company has embarked on a pilot test to