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2019

Fred’s names Anto permanent CEO

MEMPHIS — Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto, who had been running the company on an interim basis, is now its permanent chief executive officer. Anto was hired by Fred’s a year ago as executive vice president and chief financial officer after spending seven months at

Holiday sales climbed 2.9% from 2017

WASHINGTON — The National Retail Federation (NRF) said holiday sales were up 2.9% from a year ago, rising at a slower pace than the association had forecast. “All signs during the holidays seemed to show that consumers remained confident about the economy,” said NRF president and chief executive officer Matthew Shay. “However, it appears that

GIANT launches e-commerce hub, smaller-store format

CARLISLE, Pa. — GIANT Food Stores is broadening its customer base with a new e-commerce hub here that fortifies its digital platform and a smaller-store format, introduced in Philadelphia, that the retailer will deploy in urban neighborhoods. The grocer’s new e-commerce center offers a pickup option for shoppers who buy online, drive to the hub

Grocers turn bullish

MIAMI — It has been 10 years since Leslie Sarasin became president and chief executive officer of the Food Marketing Institute, and during her tenure  the level of confidence among the association’s members has never been higher. Speaking at the FMI Midwinter Executive Conference late last month, she cited the newfound assurance among supermarket operators

Edeker wins FMI’s Rabb Award

MIAMI — The Food Marketing Institute honored the industry’s “humble heroes” in an awards ceremony during the institute’s Midwinter Executive Conference here. Hy-Vee’s Randy Edeker, Coca-Cola Co.’s Muhtar Kent, Heinen’s Grocery Stores’ Tom Heinen and IGA Inc.’s Mark Batenic were among executives recognized on January 25 as FMI gave out its 2019 leadership awards. Recipients

Jhaveri takes reins at Health Mart

IRVING, Texas — Nimesh Jhaveri has joined the Health Mart family of community pharmacies as president. Jhaveri, who has 30 years of hands-on pharmacy experience, started in his new role on October 31. As president, he is responsible for developing strategies supporting the goals and success of more than 5,000 Health Mart pharmacies. In his

Accepting the need for change

Accepting the need for change

Giant Eagle Inc. is one of the nation’s premier regional grocers. With 216 Giant Eagle and Market District supermarkets and 258 GetGo convenience stores, the company is a leader in its operating area, which includes western Pennsylvania, where it is headquartered; north central Ohio; northern West Virginia; central Indiana; and Maryland. The stores generate some

Lampert’s Sears bid accepted

CHICAGO — Earlier this month, Sears Holdings Corp. chairman Eddie Lampert was the victor in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open. Lampert’s bid, upped from an earlier $5 billion offer, prevailed after weeks of

CVS’ Merlo outlines Aetna integration efforts

SAN FRANCISCO — While speaking at the 37th Annual J.P. Morgan Healthcare Conference at the Westin St. Francis Hotel here, CVS Health chief executive officer Larry Merlo discussed efforts under way to integrate Aetna into its business. Those efforts include CVS opening the first of a series of concept stores next month in the Houston