WSL Future of Health Event

Issue 03-27-2023

Andre Persaud leaves Rite Aid post

CAMP HILL, Pa. — Andre Persaud, chief retail officer at Rite Aid Corp., left the company earlier this month. Rite Aid provided no details on Persaud’s departure, saying, “We appreciate his years of service to Rite Aid and wish him the best in his next endeavor.” Bill Miller, senior vice president of central retail operations,

Dollar General set to keep growing

GOODLETTSVILLE, Tenn. — Dollar General Corp. turned in another stellar performance in fiscal 2022, reporting double-digit top-line growth that narrowly missed Wall Street’s expectations. Looking ahead to fiscal 2023, management unveiled aggressive growth plans that call for more than 1,000 new store openings. Last year marked a major leadership transition for the nation’s leading small-box

Target investing in capacity to deliver ‘affordable joy’ to customers

MINNEAPOLIS — Target Corp. will spend up to $5 billion this year to secure its long-term growth potential. The investment will focus on helping the retailer deliver “affordable joy” to customers and renewing its focus on deal-conscious shoppers, the company said last month during its annual get-together with the financial community in New York. “Investments

Dollar Tree will speed up spending

CHESAPEAKE, Va. — Dollar Tree Inc. announced plans to accelerate its capital-spending plans following a strong financial performance during the second half of the fiscal year ended January 28. “We are committed to driving further store productivity as we focus on developing our people, tools and technology to fuel our accelerated growth, while simplifying our

Kroger’s earnings climb in FY 2022

CINCINNATI — Kroger Co. reported solid sales growth for its fourth quarter and fiscal year ended January 28. For the fourth quarter, net sales increased 5.9% to $34.82 billion. Comparable-store sales (excluding fuel) increased 6.2% from a year ago. Fourth quarter sales of its Our Brands merchandise increased 10.1%. Kroger in the quarter celebrated the

BJs finishes fiscal year positioned for growth

MARLBOROUGH, Mass. — BJ’s Wholesale Club wrapped up fiscal 2022 with double-digit top- and bottom-line growth for both the year and the fourth quarter. The strong performance has positioned the company for further aggressive expansion in 2023. The membership warehouse club operator posted a 20.3% leap in full-year net income to $513.2 million on a