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Issue 3-25-2019

Shakeup at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. is replacing three top executives and cutting about 400 corporate jobs — more than a fifth of its white-collar positions. The chain announced the departures of chief executive officer John Standley, president and chief operating officer Kermit Crawford, and chief financial officer Darren Karst. Rite Aid said the

Aggressive expansion still works

GOODLETTSVILLE, Tenn. — Maintaining an aggressive growth strategy, Dollar General Corp. will open 975 stores this fiscal year and remodel another 900. The company projects 2019 capital expenditures of $775 million to $824 million, up from $734 million last year. Capturing growth opportunities is an operating priority, chief executive officer Todd Vasos said during a

FreshDirect expands service to new markets

NEW YORK — Online grocer FreshDirect announced its first round of expansion since it moved its headquarters last year from the Queens neighborhood of Long Island City to a new campus in the South Bronx, which includes a 400,000-square-foot distribution and manufacturing complex designed to foster ­innovation. The company this month said it was extending

Dixon named WBA’s global controller

DEERFIELD, Ill. — Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance. Dixon will join WBA from Aetna Inc., where she had been vice president, controller and chief accounting officer since 2017 and, prior to that, assistant controller. Before that, she served as vice president and

Retail Tomorrow adds services to help chains

COLORADO SPRINGS, Colo. — Global Market Development Center (GMDC) has unveiled growth plans for Retail Tomorrow, the initiative it launched in 2016 to help retailers navigate changes in the industry. New Retail Tomorrow offerings are “retail headquarters innovation events,” a monthly podcast series and what GMDC calls “city immersions.” The first immersion was held this

Technology as ‘path forward’

DENVER — At the annual IRI Growth Summit held here earlier this month, IRI president and chief executive officer Andrew Appel discussed his views on data and technology as the next enabler of competitive advantage. In keeping with the conference’s theme — “Powering the Path Forward” — Appel addressed the importance of investing in data

Omnichannel a work in progress

Omnichannel a work in progress

The transformation of the retail business continues apace, but the outright revolution promised by the adherents of e-commerce and digital media still appears to be a ways away. That’s one of the insights gleaned from new research conducted by the National Retail Federation (NRF) and Forrester. Based on responses from 69 retailers — a mix

There is no truce in transaction fee war

There is no truce in transaction fee war

The war between retailers and credit card companies over transaction fees continues. The latest battle in that war began on March 1, when Kroger Co. announced that its Smith’s Food & Drug Stores division will be the company’s second banner to stop accepting Visa credit cards as a form of payment, beginning on April 3. Foods