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Issue 06-11-2018

Sears will close 63 more stores

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has identified 100 unprofitable stores and will shutter 63 of them in early September. Liquidation sales at 48 Sears outlets and 15 Kmarts will begin as early as June 14. The company announced the closings while reporting its first quarter results, which included a drop of more than

Southeastern Grocers exits chapter 11

JACKSONVILLE, Fla. — Southeastern Grocers announced it has completed a financial restructuring under chapter 11 of the Bankruptcy Code and is poised to compete in an unforgiving retail environment. The owner of the Winn-Dixie, BI-LO, Harveys and Fresco y Más grocery chains said bankruptcy protection allowed the company to transform its financial profile and reduce

Fieber named Lidl U.S. CEO

ARLINGTON, Va. — Lidl U.S. has a new president and chief executive officer — Johannes Fieber was appointed last month to oversee the German company’s expansion in the United States. Fieber, a 10-year Lidl veteran who previously served as CEO of Lidl Sweden, succeeds Brendan Proctor, who had been in charge of U.S. operations since

Kroger unveils marketing platform

CINCINNATI — Kroger Co. rolled out a new consumer packaged goods search service that connects its acumen in data and personalization. The self-service marketing platform, called Boosted Products in Search, allows CPG brands to reach digitally savvy shoppers with “hyper-relevant” products in search results across Kroger digital properties, as well as view performance in real

E-commerce angst

CHICAGO — While online shopping is almost universal in the U.S., more than half (53%) of Americans are concerned about the safety of products bought online, according to new research from Mintel. The study revealed that young consumers are exercising the greatest caution when shopping online, with almost two-thirds (63%) of 18- to 24-year-olds expressing

Competition in the digital age

Competition in the digital age

Anyone who questions whether the primary battleground for the world’s top retailers has shifted from brick-and-mortar stores to the omnichannel realm would do well to consider the series of significant developments that has unfolded in recent weeks. The lead story in the last edition of Mass Market Retailers was about Walmart’s $16 billion investment for