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2019

Jet.com will be assimilated

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

Second GreenWise store launched by Publix

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

Albertsons takes PL to the next level

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

Walmart tabs chief tech officer

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

McMillon equal to the occasion

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

To thrive today, retailers must be innovative, nimble

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

Insects emerge as protein source

This past January at the Specialty Food Association’s (SFA’s) Winter Fancy Food Show, three of our members were offering innovative products derived from insect protein. Yes, you read that correctly. Crickets, to be exact. Hard as it may be for the average American to believe, there’s a nascent movement taking hold, featuring insects as the

Walmart strikes back

BENTONVILLE, Ark. — Wal­mart has introduced free next-day deliveries to shoppers in Phoenix, Las Vegas and Southern California, and the retailer said the service would reach approximately 75% of the U.S. population this year, including 40 of the nation’s 50 largest metropolitan areas. Walmart’s May 14 announcement came three weeks after Amazon said it intends

Rx groups blast DIR reversal

WASHINGTON — Pharmacy organizations have decried the government’s refusal to reform direct and indirect remuneration (DIR) fees in its new drug pricing rule. “We are disappointed and frustrated that this final rule fails to finalize pharmacy DIR reform as proposed, to the detriment of seniors and community pharmacies,” said a statement from the National Association

CVS begins testing plan for vitamins

WOONSOCKET, R.I. — CVS Pharmacy recently launched Tested to Be Trusted, a program requiring third-party testing of all vitamins and supplements sold in-store and online to confirm the accuracy of the dietary ingredients list on the supplement facts panel and to confirm that products are free from certain additives and ingredients. 1,400 vitamins and supplements

Fred’s to close another group of stores

MEMPHIS — Fred’s will begin its latest round of shuttering underperforming and unprofitable stores, the company announced. The company also 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. The

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