Issue 10-30-2017

Paul Desiderioscioli, Vice President of Merchandising, Mass and Private Label, Ulta Beauty

BOLINGBROOK, Ill. — Few retailers in recent years have shone more brightly than Ulta Beauty Inc. Thanks to a relentless focus on its guests, the company is attracting new customers, growing its share of the beauty market and increasing its store count. Shares in the beauty retailer are up over 100% over the past five

Walmart’s new model

BENTONVILLE, Ark. — Wal­mart will double the number of U.S. curbside locations next year where online shoppers can pick up groceries and other merchandise, hastening its transformation into a channel-agnostic retailer, company executives said at Walmart’s annual meeting with investors this month. At the same time, Walmart is scaling back new store growth in the

Kroger may sell c-store operation

CINCINNATI — Kroger Co. is considering a sale of its convenience store business, the company announced at its annual investor conference here. “We want to look at all options to ensure this part of the business is meeting its full potential,” said executive vice president and chief financial officer Mike Schlotman. “Considering the current premium

Costco ups options for customers

ISSAQUAH, Wash. — Costco Wholesale Corp. has introduced new delivery services for its members. Costco chief financial officer Richard Galanti said in a conference call earlier this month that the company’s brick-and-mortar business is “as strong as it’s ever been.” But he added that the company is expanding its online offerings. Costco has introduced a

Target big on small format

NEW YORK — Retail giant Target Corp. has opened its new concept store in Midtown Manhattan, right across the street from the flagship Macy’s Inc. store. Located on West 34th Street in Herald Square, this is one of several small-format stores Target is opening in New York City. The first opened in Tribeca last October,

Retailers successfully ‘navigate rough weather’

WASHINGTON — After the devastation of this hurricane season it’s hard to find a silver lining, but there’s a glimmer in the latest sales report from the National Retail Federation (NRF) driven by increased demand for building supplies. Retail sales — excluding automobiles, gasoline stations and restaurants — in September increased 0.5% over August on

Metro acquires Jean Coutu Group

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The acquisition of Coutu by Metro Inc. will establish a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and New Brunswick. Metro has agreed to purchase Coutu for $24.50