January 30, 2023 by MMR
Kroger, NRF Big Show, Rodney McMullen
2023, Issue 01-30-2023, Issues
NEW YORK — Rodney McMullen, chairman and chief executive officer of Kroger Co., shared insights into the supermarket retailer’s purpose of “feeding the human spirit” in a marquee session at the NRF Big Show earlier this month. “At Kroger, we succeed by giving a great experience to the customer, investing in associates and making an
January 30, 2023 by Jeffrey Woldt
John Furner, NRF Big Show, Walmart U.S.
2023, Issue 01-30-2023, Issues
NEW YORK — A paradox at the heart of the retailing business was brought to light during the first keynote session at NRF 2023: Retail’s Big Show. John Furner, president and chief executive officer of Walmart U.S., addressed the constancy of change in the industry during his opening remarks at Javits Center and, in a
January 30, 2023 by MMR
holiday retail sales, National Retail Federation’s forecast
2023, Issue 01-30-2023, Issues
WASHINGTON — Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of
January 30, 2023 by MMR
Dollar General, Ibotta
2023, Issue 01-30-2023, Issues
GOODLETTSVILLE, Tenn. — Dollar General is partnering with Ibotta to launch a cash-back rewards program. “We are excited to provide an additional innovative option for our customers to help stretch their budgets,” says Emily Taylor, Dollar General’s executive vice president and chief merchandising officer. “Ibotta’s cash-back rewards program further complements our continuous efforts to provide
January 30, 2023 by MMR
National Retail Federation chief economist Jack Kleinhenz, NRF 2023: Retail’s Big Show
2023, Issue 01-30-2023, Issues
NEW YORK — National Retail Federation chief economist Jack Kleinhenz sees a challenging economy ahead in the coming year, but he’s not convinced it will qualify as a recession. “I do expect a meaningful slowdown,” he said, but he added that he was still confident about consumer spending, which has mostly held up despite interest
January 30, 2023 by MMR
Brian Cornell, NRF 2023: Retail’s Big Show, Target Corp.’s chairman and chief executive officer
2023, Issue 01-30-2023, Issues
NEW YORK — Brian Cornell, Target Corp.’s chairman and chief executive officer, led a discussion of the company’s culture in a marquee session at NRF 2023: Retail’s Big Show earlier this month. Joining Cornell on stage were four of the company’s leaders: Christina Hennington, executive vice president and chief growth officer; Kiera Fernandez, senior vice
January 30, 2023 by MMR
Jason Buechel, Nick Handrinos, NRF 2023: Retail’s Big Show, vice chair and leader of Deloitte, Whole Foods Market
2023, Issue 01-30-2023, Issues
NEW YORK — In pioneering the natural and organic food movement in the United States, Whole Foods Market has probably done as much as any retailer to unite shoppers around the idea of a purpose-driven business. But in today’s uncertain economic environment, can consumers be expected to remain committed to notions of sustainability and purpose?
January 30, 2023 by MMR
Albertsons Q3
2023, Issue 01-30-2023, Issues
BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for the fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in the prior-year period. Adjusted net income was $505 million, or 87 cents per share, which beat the 66 cents FactSet
January 30, 2023 by MMR
NRF Foundation, NRF Foundation Honors event
2023, Issue 01-30-2023, Issues
NEW YORK — The eighth annual NRF Foundation Honors event was held at the New York Marriott Marquis earlier this month to recognize the outstanding leadership of retail executives, award student scholarships and highlight retail as an industry of opportunity. The event raised nearly $3 million to fund the NRF Foundation’s career development programs and
January 30, 2023 by MMR
Associate-to-Driver program, Fleet Development pilot program, Walmart
2023, Issue 01-30-2023, Issues
BENTONVILLE, Ark. — Walmart is expanding its Fleet Development pilot program to allow more associates the opportunity to become truck drivers for the retailer. According to a blog post by Fernando Cortes, senior vice president of transportation for Walmart, the launch of the retailer’s Fleet Development program last year gave supply chain associates in selected
January 30, 2023 by MMR
Acosta
2023, Issue 01-30-2023, Issues
JACKSONVILLE, Fla. — Acosta, a national sales and marketing services provider, has identified several opportunities and challenges for brands and retailers as they navigate a dynamic and uncertain consumer marketplace in the coming year. “The economic challenges of the past year will continue to impact consumer behavior in 2023, providing overarching context for what shoppers
January 30, 2023 by David Pinto
David Pinto, mass retailers
2023, Issue 01-30-2023, Issues
The reordering of mass retailing, which is rapidly transforming the industry and making old definitions obsolete, is quickly accelerating. So it is that such traditional drug chains as Walgreens and CVS are transitioning into health care providers. The retail outlets once easily identified as discount stores are now challenging traditional food retailers for leadership in