BENTONVILLE, Ark. — Recognizing the dramatically changing mass retailing marketplace, the editors of Mass Market Retailers have selected Walmart as the initial recipient of the publication’s newly created award for the most outstanding U.S. omnichannel retailer. The designation of Walmart, the world’s largest retailer, for this recognition was not a difficult decision. In 2019, the
KEASBEY, N.J. — Wakefern Food Corp. had its start in 1946, during a challenging time for independent food retailers. The problem back then was that independent operators were seeing their loyal customers lured away by the big self-service supermarkets of the day, which could offer lower prices. To compete, eight grocers in the Newark, N.J.,
MINNEAPOLIS — Target Corp. has long been known for its unmatched marketing prowess, displayed through campaigns that are perhaps the most creative, distinctive and effective in all of retail. That reputation was achieved and maintained by a succession of fabled marketing executives, beginning with John Pellegrene and continuing with Michael Francis and Jeff Jones. Rick
GOODLETTSVILLE, Tenn. — Dollar General Corp. seems to defy the kind of gravity that is keeping much of the retail industry earthbound. At a time when some retailers are scaling back their brick-and-mortar expansion plans and may see their profits constrained by the need to invest in their omnichannel offerings, Dollar General has been growing
PURCHASE, N.Y. — E-commerce sales hit a record in the 2019 holiday season, helping lift seasonal sales (excluding vehicles) by 3.4% from the year-earlier level, according to Mastercard SpendingPulse. The report noted that e-commerce sales were up 18.8% compared to the 2018 holiday season, though it did not give a dollar figure. E-commerce sales contributed
DEERFIELD, Ill. — Walgreens has tapped Dr. Kevin Ban to serve as its new chief medical officer. In his role as CMO, Ban is assuming leadership of the Walgreens clinical office, overseeing the development of enterprise clinical programs and clinical analytics and directing provision of care, clinical outcomes, patient safety, and health care information systems
CAMP HILL, Pa. — Rite Aid Corp. reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
GRAND RAPIDS, Mich. — Woodward Corner Market, a new neighborhood grocery store by operated by Meijer Inc., is scheduled to open on January 29 at Thirteen Mile Road and Woodward Ave. in Royal Oak, a suburb of Detroit. The market is focused on bringing a mix of fresh, convenient food and value to customers in
BENTONVILLE. Ark. — Walmart Media Group, the retailer’s advertising unit, has introduced an auction-based marketplace that aims to give advertisers more transparency and control of their sponsored product campaigns. “Brands will now be able to increase visibility with Walmart’s diverse, sizable audience of shoppers,” Lex Josephs, vice president of sales and media partnerships at Walmart
WESTBOROUGH, Mass. — BJ’s Wholesale Club has appointed Lee Delaney to serve as chief executive officer. He succeeds Christopher Baldwin, who has been named executive chairman. Baldwin will also serve as a strategic advisor to Delaney. The company also appointed Thomas Kingsbury, the former CEO of Burlington Stores Inc., to its board of directors. The
CHESAPEAKE, Va. — In a reorganization of its senior management structure, Dollar Tree Inc. has promoted three executives. In addition, Duncan Mac Naughton, who had been serving as president of the Family Dollar segment of the business, has left the company. The management changes are intended to improve the execution of Dollar Tree’s overall strategy
It’s that time of year again, the time the editors of MMR select the outstanding retailers of the year. Sometimes we recognize an individual; at other times we choose a company. In either case, it is our annual attempt to isolate the best and the brightest, to designate those people and organizations that have distinguished