CINCINNATI – Kroger Co. has agreed to buy 151-store Roundy’s Inc. for some $800 million, including debt. Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share, a premium of about 65% to its closing price on November 10. The deal, which is expected to close by year-end, was unanimously approved by the
BENTONVILLE, Ark. – Former longtime Walgreens executive George Riedl has been named a senior vice president and president of health and wellness at Walmart. He succeeds Labeed Diab, who left Walmart to join Brookdale Senior Living Inc. as chief operating officer. Riedl most recently was president of Advanced Marketing & Sales Inc., an independent sales,
BRUSSELS – Koninklijke Ahold N.V. and Delhaize Group have established an executive committee to oversee the company that will result from their planned merger. Ahold Delhaize, the supermarket operator that will be created by the merger, will be one of the five-largest U.S. food retailers by market share. Executives at the companies expect the merger
WILTON, Conn. – Walmart is the top retailer and Procter & Gamble Co. (P&G) is the top manufacturer in the 2015 PoweRanking from consulting firm Kantar Retail LLC. Each has led its respective category for more than a decade, noted Kantar, which launched the survey in the late 1990s with the aim of identifying industry
DUBLIN, Calif. – A $4.8 million renovation of its culinary kitchen and technology center has allowed Albertsons to unite under one roof its personnel devoted to developing, testing and improving its myriad store brand items. The remodeled center, unveiled here earlier this month, consolidates the retailer’s food scientists, chefs and quality assurance personnel. Previously, the
WASHINGTON – Retail sales increased 0.1% in October after being unchanged in September and August, the Commerce Department said. So-called core retail sales rose 0.2% last month after increasing 0.1% in September, the government noted. Core sales exclude automobiles, gasoline, building materials and food, and therefore correspond more closely to the consumer spending component of
George Riedl, once Walgreen’s head merchant, has signed on with Walmart to run that retailer’s health care services. Thus, 2015, from a personnel standpoint, ends as it began, with jobs and career changes once deemed unthinkable.George Riedl, once Walgreens’ head merchant, has signed on with Walmart to run that retailer’s health care services. Thus, 2015,
In a field beset with competitive pressure from traditional retailers of all kinds as well as the burgeoning e-commerce sector, Kroger Co. has been a model of quality and consistency.In a field beset with competitive pressure from traditional retailers of all kinds as well as the burgeoning e-commerce sector, Kroger Co. has been a model