Since the election results, we’ve seen charged emotional protests across the country already rejecting president-elect Trump. A common refrain chanted in the streets and written on placards is “Not My President.” While protesters are busy predicting the end of the world as we know it, how should the retail industry view the incoming Trump administration?
ZAANDAM, Netherlands — Ahold Delhaize has unveiled a strategy for exploiting its international scale, the popularity of its local banners, and its employees’ expertise. Building on solid financial footing and a track record of cost controls, the company will adopt the “Better Together” strategy to drive profitable growth in supermarkets, smaller formats and e-commerce. The
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. posted a loss of $748 million in the third quarter as the retailer’s financial performance continued to deteriorate despite its efforts to shed underperforming stores, de-emphasize struggling categories and make money from its real estate holdings. Revenue fell 13% to $5.03 billion in the three months to October
SEATTLE — Extending the bounds of brick-and-mortar retailing, Amazon.com Inc. is debuting a mini convenience store requiring shoppers to neither scan nor check out products. Instead, items that consumers pick off shelves at the 1,800-square-foot Amazon Go store are automatically charged to their Amazon accounts through a free app, after they swipe their smartphones at
WASHINGTON — Retailers used strong deals and promotions to attract more than 154 million shoppers over the Thanksgiving weekend, according to an annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. “It was a strong weekend for retailers but an even better weekend for consumers, who took advantage of some really
CINCINNATI — Kroger Co. announced the appointment of Yael Cosset as chief digital officer, effective January 27, the date of the retirement of Kevin Dougherty, 63, who now holds the job. The 43-year-old Cosset is chief commercial officer and chief information officer of 84.51°, Kroger’s consumer insights subsidiary. The name is a reference to the
BOSTON — Walmart and Dollar General Corp. tied for the least expensive overall basket in the latest “Opening Price Point (OPP) Study” by management consultant Kantar Retail LLC. For its sixth annual survey, Kantar selected 21 categories across the edible grocery, nonedible grocery, and health and beauty aid segments, with the aim of comparing a
MEMPHIS — Fred’s Inc. said it plans to shut 40 underperforming stores in the first half of next year. Fred’s reported a net loss for its fiscal 2016 third quarter, and declined to take any questions from analysts during its postponed conference call, citing “a pending transaction.” The company said there was no certainty that
JACKSONVILLE, Fla. — Southeastern Grocers LLC, parent company of BI-LO, Fresco y Más, Harveys and Winn-Dixie stores, has unveiled five new Fresco y Más stores throughout Miami-Dade and Palm Beach Counties. The company launched its first Fresco y Más store in June and, due to that store’s popularity, is now opening more. By listening to
MINNEAPOLIS — Target Corp. this month announced plans for its fourth small-format store in the Greater Boston area, the latest development in the retailer’s plan to reconfigure its real estate footprint via the addition of hundreds of “flexible format” stores in the coming years. Target is planning to put a 48,000-square-foot store in a shopping
DALLAS — H-E-B has revealed that it plans to open two more Central Market stores in this city, bringing its total in the market to four. “We have had our eye on these two prime locations for many years,” said Stephen Butt, senior vice president at the Central Market division. “Central Market takes a very
INDIANAPOLIS — Marsh Supermarkets Inc. has launched a new mobile app that it says can help its shoppers turn “downtime into dollars” by paying them for interacting with national brands. “Marsh is excited to help our customers capture significant savings with this first-of-its-kind app,” said David Palmer, senior vice president of marketing, sales and advertising