BENTONVILLE, Ark. — Walmart cited broad-based strength across its global segments in posting revenue growth of 7.3% in its fiscal year ended January 31. The company posted fiscal 2023 net income of nearly $11.7 billion, down 14.6% compared with the previous fiscal year. For the current year, through January 2024, Walmart is forecasting a same-store
ARLINGTON, Va. — The NACDS Foundation Dinner is making a major move. The event, which since its inception 25 years ago has been held in New York City in December, will be held during the NACDS Total Store Expo on Saturday, August 12, in San Diego. “We look forward to bringing the event to the
ZAANDAM, Netherlands — Ahold Delhaize reported a 9.2% increase in net sales at its U.S. operations in the fourth quarter of 2022. Comparable-store sales (excluding gasoline) were up 9.3% in the quarter at the company’s U.S. banners of Food Lion, Stop & Shop, the GIANT Co., Giant Food, Hannaford and FreshDirect. Online sales in the
ORLANDO, Fla. — Saying “the time is now,” Thrifty White Pharmacy chief operating officer Justin Heiser told attendees at the 2023 National Association of Chain Drug Stores Regional Chain Conference here that the industry was ready to do more for customers and patients. “There is no doubt that the COVID-19 pandemic created an opportunity for
BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new distribution and
CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020,
CHICAGO –– H-E-B has regained the leadership position in the sixth annual dunnhumby Retailer Preference Index (RPI), an examination of the U.S. grocery market by data science firm dunnhumby. Costco Wholesale holds the second position in this year’s index, followed by Amazon. Wegmans held the fourth position for the third consecutive year. Rounding out the
ORLANDO, Fla. — After spending several months fine-tuning its corporate structure and management team, Hy-Vee Inc., which operates more than 285 stores in eight Midwestern states, faces the future with confidence as it embarks on the final two years of the Randy Edeker era. Known first and foremost for its eponymous food/drug combination stores, Hy-Vee
The “retailification” of health care could be great news for rural Americans, making routine medical services more accessible and affordable in communities that are currently underserved. Paul Schuhmacher, a managing director in the health care practice of the global management consultancy AArete, points to Dollar General’s partnership with mobile health provider DocGo as a potential
Craig Boyan and Anthony Hucker, two of the retailers who spoke at the FMI Midwinter Executive Conference in Orlando, Fla., last month, offered particularly astute assessments of the state of the grocery business and the issues that now confront supermarket operators. After praising the industry’s proven ability to adapt to changing conditions — an especially
ALEXANDRIA, Va. — The National Association of Chain Drug Stores is standing up for retail pharmacies and seniors in formal comments to the Centers for Medicare and Medicaid Services (CMS) on proposed Medicare rules for 2024. The message: Finish the job on DIR (direct and indirect remuneration) fee reform. In comments submitted earlier this month,
Who doesn’t like a good sports story, especially with the Super Bowl in our rearview mirror but our hearts still on the gridiron? There’s one that’s especially on point these days, given where we’re at with digital commerce. It’s summer, 1961. The Green Bay Packers, just off a crushing defeat costing them the NFL Championship,