Back in 1974, Richard Nixon became the first U.S. president to resign from office. Writer Steven King published his first novel. The Sears Tower in Chicago became the world’s tallest building. And in another first that year, a pack of Wrigley’s chewing gum was scanned at a Marsh Supermarket in Troy, Ohio. Although little appreciated
FAYETTEVILLE, Ark. — Walmart is launching a new service this fall that will allow customers to get groceries delivered right into their refrigerators. Walmart president and chief executive officer Doug McMillon announced the service, called InHome Delivery, during the company’s annual shareholders meeting here. “What’s the one thing busy families can’t buy at Walmart?” McMillon
WOONSOCKET, R.I. — The executive team of CVS Health outlined a series of transformation initiatives at its 2019 Investor Day event earlier this month, showing how the company plans to accelerate enterprise growth, simplify a consumer health system that is confusing and inconvenient, and position the company for long-term growth and increased shareholder value. The
CHESAPEAKE, Va. — Dollar Tree Inc. last month began adding items costing more than a dollar at select Dollar Tree stores as it weighs whether to revise its commitment to a single price point. The multi-price-point merchandise is being displayed in sections branded as Dollar Tree Plus to clearly differentiate it from the stores’ $1
WASHINGTON — U.S. retail sales increased 0.5% in May (seasonally adjusted from April), and were up 3.2% unadjusted year over year, according to the National Retail Federation. May’s retail sales increases were broad based, with every category except food and beverage stores showing a gain from April, NRF said. The numbers exclude sales at automobile
BENTONVILLE, Ark. — Just over two years after Walmart acquired Jet.com, the retailer is now taking steps to more fully integrate the e-commerce platform into its own business. As part of the planned changes, Simon Belsham’s role as Jet president will be eliminated, and Jet team leaders will now report to Kieran Shanahan, who has
LAKELAND, Fla. — Publix Super Markets Inc. has opened the second of its refashioned GreenWise Market stores, in Mount Pleasant, S.C. GreenWise Market is a specialty, natural and organics format featuring grab-and-go options, organic produce, indulgent gourmet treats, local and unique products, bulk items, body care offerings, and products made in- house, such as smoked
BOISE, Idaho — Albertsons Cos.’ Signature Select brand is amping up its presence across stores with the addition of more than 300 new products and updated branding in 2019. The redesigned products are longtime favorites from the Signature Kitchens, Signature Home, refreshe and The Snack Artist brands. Streamlining these products into Signature Select’s robust portfolio
BENTONVILLE, Ark. — Walmart in recent weeks announced the hiring of two technology executives, including Suresh Kumar, a former Google vice president who is set to become chief technology officer and chief development officer on July 8. Walmart also said it had hired Scott Eckert to run its investment arm and startup incubator known as
Walmart held the series of events that comprise its annual meeting earlier this month on its home turf in northwest Arkansas, and, according to a well-established pattern, the occasion afforded the company the opportunity to celebrate its accomplishments, recognize its workforce and look to the future. Walmart’s eminence as the world’s biggest retailer has long
Technology is not just changing the way people shop and buy. It also may be changing the way some of them steal, and the ways that retailers are fighting back. “We are seeing dramatic changes in the risks faced by retailers, and loss prevention practices and priorities are evolving to meet those challenges,” NRF vice
The retail landscape is rapidly evolving. Consumer expectations related to technology, novelty, convenience and experience are driving the movement. Those businesses that refuse to innovate are being met with dwindling profits and store closures. However, many stores are taking informed leaps of faith and trying out new store formats, services and displays. While not everything