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Issue 01-29-2018

Walmart’s e-focus

NEW YORK — Walmart is increasingly becoming a technology company, seeing its transformation into an omnichannel retailer as critical to its continued growth. But Walmart president and chief executive officer Doug McMillon insists that retailing is still a people business, and “our people will ultimately be the way that we win.” McMillon spoke about people

Walmart tabs McKenna as International CEO

BENTONVILLE, Ark. — Judith McKenna has been named president and chief executive officer of Walmart International. Mc­Ken­na, who has been executive vice president and chief operating officer of Walmart U.S., will take charge of Walmart’s second-largest operating segment on February 1. She succeeds David Cheese­wright, who has headed Walmart International since 2014 and will retire

Albertsons COO to step down

BOISE, Idaho — After 40 years of service, Albertsons Cos. president and chief operating officer Wayne Denningham is stepping down at the end of the fiscal year, the company announced earlier this month. The company also named Susan Morris as executive vice president and chief operations officer, overseeing the company’s supply chain, manufacturing and operations

CVS Beauty Mark raises transparency

WOONSOCKET, R.I. — CVS Health is bringing more transparency to beauty care marketing with the introduction of the CVS Beauty Mark, a watermark that highlights imagery that hasn’t been materially altered. Plans call for the CVS Beauty Mark to begin appearing on CVS Pharmacy-produced beauty images — including imagery for stores, websites, social media and

Online sales tax goes to high court

WASHINGTON — The National Retail Federation (NRF) and the Retail Industry Leaders Association each welcomed the decision by the U.S. Supreme Court to reenter the dispute over whether states should be able to require online retailers to collect and remit state sales taxes. Retailers and others had been expecting the court to take up the

Sears Holdings boosts financing

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has raised $100 million in new financing and is pursuing an additional $200 million. The company also amended existing notes to increase its borrowing base advance rate for inventory and defer its collateral coverage test and restart it with the second quarter of 2018. Sears Holdings furthermore is

Stater Bros. names president

SAN BERNARDINO, Calif. — Stater Bros. Markets has promoted George Frahm to company president, in one of a series of leadership changes at the privately held grocery chain. Frahm, who reports directly to chief executive officer Pete Van Helden, began his grocery career in 1973 as a clerk’s helper and janitor at the Stater Bros.

Walmart envisioning future at Store No. 8

Walmart envisioning future at Store No. 8

The mash-up of retailing and technology commanded the spotlight at the National Retail Federation’s Big Show in New York City earlier this month, giving attendees additional evidence, if any were needed, that in the future the intersection of those disciplines will have a decisive impact on how people shop for, purchase and receive consumer products.