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Issue 10-12-2020

Top discounters plan early start for holidays

NEW YORK — Although the outlook for holiday retail sales is still somewhat uncertain, the nation’s two largest discount retailers, Wal­mart and Target Corp., are already gearing up aggressively to launch their seasonal campaigns well ahead of the normal holiday time frame. While early evidence suggests a continued economic rebound in the third quarter, lingering

Walmart to sell majority stake in Asda for $8.8 bil.

LONDON — Walmart has reached a deal to sell Asda, the British retailer it acquired in 1999, for an enterprise value of £6.8 billion (about $8.8 billion). The purchasers are the Issa brothers, founders and co-chief executive officers of the EG Group, a global convenience store retailer based in Blackburn, U.K., and investment funds managed

Dollar General names Taylor chief merchandising officer

GOODLETTSVILLE, Tenn. — Dollar General Corp. has appointed Emily Taylor executive vice president and chief merchandising officer, succeeding Jason Reiser, who has left the company. Taylor, who has worked at Dollar General for more than 20 years, most recently served as senior vice president of channel ­innovation. “We are confident that Emily’s strategic vision and

Ahold Delhaize progresses with self-distribution

QUINCY, Mass. — Ahold Delhaize USA is moving forward on its three-year, $480 million initiative to transition its supply chain to an integrated, self-distribution model. Chris Lewis, executive vice president of supply chain for Ahold Delhaize USA’s Retail Business Services segment, recently informed suppliers by letter that the company has targeted six distribution centers to

Rite Aid tops expectations for Q2

CAMP HILL, Pa. — Rite Aid’s second quarter sales and earnings beat Wall Street’s ­projections. Adjusted earnings per share of 25 cents topped analysts’ forecast of a 1-cent loss. Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and pharmacy benefit manager gains, and bettering the forecast $5.75 billion.

Flees details health care initiatives at Walmart and Sam’s

BENTONVILLE, Ark. — Before being named to her current position as senior vice president and chief operating officer of Walmart Health and Wellness, Lori Flees spent more than two years as senior vice president and general merchandising manager of Health and Wellness at Sam’s Club. In a recent conversation with Mass Market Retailers editor-in-chief ­Jeffrey

Serving the self-care consumer on a journey of recovery

Finding ways to connect with your shoppers and draw in new consumers is an ongoing effort that needs constant reevaluation based on market conditions, the evolution of shopping behaviors, trends and the economy. One trend that continues to shape retailers’ strategies is the self-care movement. As consumers take more responsibility and control of their own