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Issue 04-22-2019

New Albertsons CEO

BOISE, Idaho — Vivek Sankaran, president of Frito-Lay North America, has been hired by Albertsons Cos. as the grocery chain’s new president and chief executive officer. The 55-year-old Sankaran is replacing Jim Donald, who took the helm in September, succeeding longtime CEO Bob Miller, who stayed on as chairman of the board of directors and

Promotions for Kroger executives

CINCINNATI — Kroger Co. is promoting several top executives as the retailer continues to remake its business through its Restock Kroger plan. “We are making progress on redefining the customer experience, and our high-performing leaders are determined to maintain that momentum in year two of Restock Kroger and beyond,” Mike Donnelly, the company’s executive vice

Walmart stores get modernized

BENTONVILLE, Ark. — Building on its commitment to save customers time and money, Walmart in a number of states recently unveiled store opening and remodeling plans, including innovative features that will support e-commerce growth. Walmart expects to spend an estimated $145 million this year in California through the opening and remodeling of 21 stores, as

Shopko in asset liquidation after failed sale

GREEN BAY, Wis. — Shopko Stores Operating Co. began liquidating its assets last month after it was unable to find a buyer for its struggling retail business. The retailer, which filed for Chapter 11 bankruptcy protection in January, was still seeking to auction off its optical business as this article went to press. “This is

Fred’s to begin closing stores

MEMPHIS — Fred’s Inc. announced earlier this month that it will begin to close underperforming and unprofitable stores. The company has retained PJ Solomon to advise it in connection with a review of strategic alternatives to maximize value for all shareholders. The review will include a thorough evaluation of the company’s current operating plan, as

Prices reduced at Whole Foods

AUSTIN, Texas — Amazon this month lowered prices on hundreds of items at Whole Foods Market stores across the United States and introduced even more benefits for Prime members. Prices were reduced by an average of 20%, with an emphasis on cutting costs on meat, produce and prepared sandwiches and wraps. The price cuts affect

Price Rite Marketplace Reopens Five Outlets

KEASBEY, N.J. — Grand reopening celebrations were held last month at five updated Price Rite Marketplace stores in ­Connecticut. The upgrades follow a successful three-store pilot to test new design features, expanded fresh and private label offerings, and enhanced price savings at the Wakefern Food Corp. value grocery chain. Shoppers at the remodeled stores encountered

Meijer slates store debuts

GRAND RAPIDS, Mich. — Meijer Inc. is opening three new supercenters next month in the northeast Ohio cities of Mentor, Stow and Avon. Meijer officials and local dignitaries are scheduled to participate in ribbon-cutting ceremonies at the stores on May 14. Promotions and special events are set to begin May 19 at each of the

CBD category is gaining momentum

CBD category is gaining momentum

NEW YORK — Although obstacles to a widespread rollout remain, CBD products are edging into the mainstream. Late last month both CVS Pharmacy and Walgreens announced that they would begin selling CBD products in some stores. CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland and