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
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
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
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
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
SALISBURY, N.C. — Two divisions of Ahold Delhaize USA celebrated the opening of new stores this month, and a third announced a $40 million plan to remodel 23 stores in Virginia. The GIANT Food Stores division held grand openings at a half-dozen stores in four states. Five of the stores — former Shop ’n Save
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
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
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
Amazon took a small but significant step earlier this month toward the goal of becoming as disruptive an innovator in the delivery of health care as it is in the sale of consumer products. Working together with several prominent health care organizations, which developed a series of tools for Amazon Alexa, the company has made
For a growing number of brick-and-mortar retailers, the future looks small. Sears is the latest company to embrace the trend. The retailer, which emerged from bankruptcy and a court-supervised auction process in February with about 425 big-box stores, said it plans to open three small Sears Home & Life stores in May. The stores will
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