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
CHESAPEAKE, Va. — Dollar Tree Inc. plans to renovate at least 1,000 Family Dollar stores this year and close hundreds of others as it seeks to improve the performance of the chain it acquired in 2015 following a bidding war with Dollar General Corp. Dollar Tree announced the plans as it reported fiscal fourth quarter
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
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
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
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
MINNEAPOLIS — Target Corp. has tapped Kelly Caruso to serve as chief executive officer of Shipt, the same-day delivery company Target acquired in 2017. She succeeds Bill Smith, Shipt’s founder, who is leaving his post to pursue other opportunities but will continue to serve as an adviser to the company. Caruso most recently served as
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
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
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