March 27, 2023 by MMR
Andre Persaud, Rite Aid
2023, Issue 03-27-2023, Issues
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,
March 27, 2023 by MMR
Dollar General, fiscal 2022
2023, Issue 03-27-2023, Issues
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
March 27, 2023 by MMR
Walmart, Walmart Health
2023, Issue 03-27-2023, Issues
BENTONVILLE, Ark. — Walmart plans to add 28 health centers in 2024, bringing the total number of locations to at least 75 by the end of the year. The expansion will bring the Walmart Health format into two more states — Missouri and Arizona — while deepening its presence in Texas with additional outlets in
March 27, 2023 by MMR
abortion pill, mifepristone, Walgreens
2023, Issue 03-27-2023, Issues
NEW YORK — Uncertainty continued to swirl around the legality of dispensing the “abortion pill” mifepristone. The threat to criminalize the drug’s distribution led Walgreens to say it would not dispense the pill in 21 states in which Republican attorneys general have threatened legal action over it. Mifepristone was approved for sale in the U.S.
March 27, 2023 by MMR
investment, Target
2023, Issue 03-27-2023, Issues
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
March 27, 2023 by MMR
Inflation, private label, retailers
2023, Issue 03-27-2023, Issues
NEW YORK — One of the ways consumers are coping with inflation is by purchasing more store brand products. That’s good news for retailers, who are upping the profile and quality of their own brand products to try to ensure that customers who try their products continue to buy them even when the economic climate
March 27, 2023 by MMR
Dollar Tree, q4 fiscal earnings
2023, Issue 03-27-2023, Issues
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
March 27, 2023 by MMR
earnings, Publix, Q4 sales
2023, Issue 03-27-2023, Issues
LAKELAND, Fla. — Publix reported sales of $15.3 billion for the three-month fiscal quarter ended December 31. That’s an increase of 22% from the $12.6 billion posted in the fourth quarter of 2021, a 13-week quarter. The additional week in the fourth quarter of 2022 increased sales by 8.1%. Comparable-store sales for the period increased
March 27, 2023 by MMR
Kroger, Q4
2023, Issue 03-27-2023, Issues
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
March 27, 2023 by MMR
BJ's, fiscal year, Q4
2023, Issue 03-27-2023, Issues
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
March 27, 2023 by David Pinto
abortion pill, David Pinto, Walgreens
2023, Issue 03-27-2023, Issues
Walgreens (along with CVS, Rite Aid and several regional mass retailers) has been in the news recently, though not for the usual reasons — and not under the most favorable circumstances. Along with other newspapers and periodicals, The New York Times has lately put Walgreens in its cross hairs, with attention-grabbing headlines such as these:
March 27, 2023 by Jeffrey Woldt
Andre Persaud, Jeffrey Woldt, Rite Aid
2023, Issue 03-27-2023, Issues
As it has on multiple occasions over the last quarter of a century, Rite Aid finds itself beset with uncertainty. The abrupt departure of chief retail officer Andre Persaud earlier this month, coming as it did on the heels of the company’s parting of ways with president and chief executive officer Heyward Donigan at the