WOONSOCKET, R.I. — Ahead of its planned acquisition of Aetna, CVS Health announced the management team selected to lead the combined company. Once the deal closes, Aetna will operate as a stand-alone business unit within CVS Health and be led by members of its current management team. The transaction, which is subject to regulatory approval,
CHESAPEAKE, Va. — Dollar Tree Inc. is expanding its Snack Zone concept based on a test program’s early success in driving incremental sales. The retailer tested the initiative at selected stores earlier this year. More than 200 Dollar Tree stores had a Snack Zone on May 5, the last day of the retailer’s fiscal first
NEW YORK — Both Kroger Co. and Food Lion made some moves in the North Carolina market this month. Kroger announced that it would be closing its stores in the Raleigh-Durham area. The Cincinnati-based grocer, which owns regional grocer Harris Teeter, said it would be closing a total of 14 stores by August 14. The
SEATTLE — Amazon has further extended its Prime member savings for Whole Foods Market customers. The savings were most recently offered to shoppers in 10 states from Hawaii to North Carolina. Prime members receive an additional 10% off sale items, typically hundreds of products throughout the store, plus exclusive weekly deep discounts on selected popular
BENTONVILLE, Ark. — Hundreds of suppliers gathered at Walmart’s headquarters this month to pitch American-made products during the retailer’s fifth annual Open Call. The company invited more than 450 businesses to meet one on one with buyers for a chance to get their products on store shelves. Steve Bratspies, chief merchandising officer for Walmart U.S.,
NEW YORK — Retailers seeking to add revenue should look to enhancing “individualized” experiences for their customers, as the two are directly linked, according to a new report from audit, tax and advisory firm KPMG. The report found that companies providing the best personal individualized experiences to customers see higher revenue growth and improved brand
MINNEAPOLIS — Supervalu Inc. said it is proposing a plan to transform itself into a holding company. According to a preliminary proxy statement/prospectus filed with the Securities and Exchange Commission, the change in corporate structure would further separate Supervalu’s wholesale and retail operations “in an operationally efficient and strategic manner.” It would also facilitate the
JACKSONVILLE, Fla. — As the brick-and-mortar grocery industry faces increasing competition from all angles, an effective brand strategy can be the key to sustained success for retailers, according to a recently released report from sales and marketing firm Acosta Inc. Shoppers turn to different brands for different needs and seek a balance when it comes
WHITE PLAINS, N.Y. — Keech Combe Shetty’s grandfather founded Combe Inc. in 1949, and her father, Chris Combe, ran the company for four decades until his retirement in 2014. Now Keech, who is co-chief executive officer with her husband, Akshay Shetty, represents the third generation of the Combe family to manage the business. Combe Shetty
A little over a year ago the supermarket sector was roiled by speculation about the impact that the arrival of Lidl would have on established players in the U.S. market. Based in Neckarsulm, Germany, the hard discount grocer has proven a disruptive force and fierce competitor with more than 10,000 stores in the 28 European
Bigger is not necessarily better anymore, at least when it comes to consumer packaged goods companies. According to research from the Boston Consulting Group and IRI, scale is not the competitive advantage it once was for CPG companies. In fact, one of the study’s key findings was that smaller companies are outpacing their larger counterparts
The retail and technology landscapes have become almost identical entities in today’s business domain. Both technology and data were important before the internet had fully emerged. Retailers were always keen on running their stores more efficiently and leveraging data to understand their customers better. As the internet gained more and more popularity, so did mobile