A powerful combo

BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of ­Columbia. The merger will

Walmart gaining in online grocery wars

BOSTON — According to a new study by global e-commerce analytics firm Profitero, Walmart’s online grocery prices are edging closer to Amazon’s, with only a slim gap separating prices between the two retailers. In the report, “Price Wars: Grocery, Household and Beauty,” Profitero analyzed pricing for 21,000 products in grocery, beauty and household supplies, and

Sinclair succeeds Covert as 99 Cents Only’s CEO

CITY OF COMMERCE, Calif. — 99 Cents Only Stores LLC announced the promotion of Jack Sinclair to the role of chief executive officer. Sinclair succeeds Geoffrey Covert, who is retiring. The deep-discount retailer also announced the appointment of Jason Kidd as president and chief operating officer, reporting to Sinclair. Kidd joined 99 Cents Only Stores

Bailey will step down at GMA

WASHINGTON — After nearly 10 years of leading the Grocery Manufacturers Association (GMA), Pamela Bailey will be leaving her post as president and chief executive officer. Bailey will continue to manage the organization while the board of directors conducts a search for her successor. During Bailey’s tenure, GMA led the industry in supporting modernization of

Amazon, Publix tops in satisfaction

ANN ARBOR, Mich. — Amazon and Publix Super Markets Inc. lead the pack in customer satisfaction, according to the latest report from the American Customer Satisfaction Index (ACSI). The “ACSI Retail Report 2017” shows that the retail sector as a whole remains steady, with an ACSI score of 78.1, down slightly from an all-time high

A new wellness retail paradigm

A new wellness retail paradigm

The pending merger between Albertsons Cos. and Rite Aid, which was announced late last month after extensive negotiations, represents a major milestone for the companies involved and a potentially decisive turning point in the ongoing, if sometimes sporadic, effort by mass market retailers to more closely align nutrition, health and wellness in order to better

Foulkes leaves CVS

NEW YORK — Helena ­Foulkes has taken the position of chief executive officer of Hudson’s Bay Co. (HBC), which operates the Lord & Taylor and Saks Fifth Avenue department store chains. She joins HBC from CVS Health, where she worked for 25 years, most recently as corporate executive vice president and president of CVS Pharmacy,

WBA reportedly aims to buy AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is reportedly seeking to acquire drug distributor AmerisourceBergen Corp. The Wall Street Journal reported on February 13 that representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen CEO Steven Collis several weeks before the story came out.

Kroger finds buyer for convenience store unit

CINCINNATI — Kroger Co. has agreed to sell its convenience store business to EG Group, a privately held c-store retailer based in Blackburn, Lancashire, United Kingdom. The transaction, which is valued at $1.25 billion, is expected to close during the first quarter of Kroger’s financial year, or by May 26. Kroger had announced last October

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