WASHINGTON — The largest U.S. retailers have maintained their edge during the past year by launching new strategies, augmenting the in-store experience and reengineering both logistics and digital commerce capabilities, according to the annual Top 100 Retailers list released last month by the National Retail Federation and Kantar Consulting. The 10 largest retailers on the
NEW YORK — Lidl failed to maintain early gains in market share following its U.S. launch last year, according to a new report from Catalina. The report examined the competitive impact of Lidl’s first 30 U.S. stores, which began opening in June 2017 in Virginia, North Carolina and South Carolina. An analysis of data from
CAMP HILL, Pa. — Rite Aid Corp. shareholders will vote on the company’s merger with Albertsons Cos. at a special meeting on August 9. If approved, the $24 billion transaction would take privately held Albertsons public and give its shareholders a majority stake in the combined company. The merged entity would be a top-five food
Seven years ago, as the newly appointed chief executive officer of Royal Ahold, Dick Boer was focused on implementation of Reshaping Retail, a strategy designed to enable the company to better meet consumers’ changing needs with supermarkets and small-format and specialty stores, as well as an emerging array of omnichannel capabilities. Reshaping Retail proved an
The retail industry is a major employer of Americans, with the National Retail Federation (NRF) estimating that the retail trade (including food services and drinking places) accounts for 28,984,100 jobs in the United States. That compares to 19,855,000 jobs in health care and social assistance, and 12,596,500 jobs in manufacturing. It is possible to imagine
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