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Issue 06-25-2018

CVS assembles team

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,

Dollar Tree rolls out Snack Zone

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

Walmart’s open call to suppliers

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.,

Personalization drives revenue

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

Supervalu sets stage for realignment

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

Why brands matter

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

IT security threats confront companies and their customers

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