WASHINGTON — The proposed border adjustment tax will hit American consumers with price hikes, Target Corp. chairman and chief executive officer Brian Cornell testified last month at a House hearing. “American families — your constituents — would pay more so many multinational corporations can pay even less,” Cornell told the House Ways and Means Committee.
NEW YORK — Target Corp. reported it has reached an $18.5 million settlement with 47 states and the District of Columbia over the retailer’s data breach that occurred just prior to Christmas 2013. The announcement was made by New York attorney general Eric Schneiderman. The breach, which Target has said occurred between November 27 and
NEW YORK — Whole Foods Market Inc., after announcing major changes to its operations and board makeup and $300 million in cost cutting, faces more pressure from an activist investor that owns a significant portion of its shares, has made a number of company announcements including a possible nomination of a new board member as
SEATTLE — Amazon.com Inc. continues to experiment with physical stores to supplement its extensive online retailing presence. The e-tailer last month opened two Seattle grocery pickup sites — previously being “beta tested” and accessible only to Amazon employees — to the public. Amazon Prime members can now buy groceries online and opt to pick them
DEERFIELD, Ill. — Walgreens mental health initiative and its collaboration with Mental Health America (MHA) is paying off. Nearly 75% of visitors to the Walgreens digital platform who have completed screenings are also actively following up, Walgreens reports, adding that the platform is also helping to reach a broader demographic of consumers interested in mental
ARLINGTON, Va. — The Food Marketing Institute (FMI) is opposing a rule in New York City requiring many food retailers to post calorie counts for standard menu items. The city implemented the expansion of its health code on May 22, extending to supermarkets and chain retailers a calorie count requirement imposed on chain restaurants since
SAN FRANCISCO — Grocery delivery service Instacart has entered several new markets en route to its goal of covering 80% of U.S. households by next year. Most recently, the San Francisco-based third-party service moved into Greater Knoxville, Tenn. That followed its entry into Detroit; Columbus, Ohio; Las Vegas; and the Rio Grande Valley in Texas.
There’s been a pickup in retail activity and energy, perhaps a result of the optimistic performance reports a few leading retailers have posted of late. Suddenly, major companies that appeared to be daunted by even minor challenges are responding more positively — and more aggressively — to the stresses of doing business. Leading the way
News about Amazon once again shook up the mass retailing community when stories emerged last month that the e-commerce company is setting its sights on the retail pharmacy sector. As first reported by CNBC, Amazon, after years of gauging its prospects in the prescription drug business, is finally taking the initial steps toward a possible
AUSTIN, Texas — Whole Foods Market Inc. unveiled a sweeping overhaul of its leadership structure on May 10, replacing five directors, naming a new board chair and making official the hiring of a new chief financial officer. The management shake-up came as the retailer faced intense pressure from restless investors. The moves were described as
BOISE, Idaho — Albertsons Cos. has promoted executive vice president and chief operating officer Wayne Denningham to the post of president. The move was one of a number of management changes the company announced last month. The company named Geoff White to the new position of president of own brands, and promoted Mike Withers to
BENTONVILLE, Ark. — Eight-year Walmart veteran Marybeth Hays has been named the company’s executive vice president for consumables, health and wellness. Hays, who had been chief merchandising, marketing and supply chain officer at Walmart China, will succeed Scott Huff, who is retiring after 23 years with Walmart. She is expected to fully transition into the