BENTONVILLE, Ark. — Walmart has named company veteran Latriece Watkins to the post of executive vice president and chief merchandising officer, effective immediately. She succeeds Charles Redfield, who is leaving the company this month after 32 years. “We have a rich history of strong leaders who embrace this constant change, set bold visions for our
PALM BEACH, Fla. — During its 90th anniversary year, the National Association of Chain Drug Stores has its sights set firmly on the future. At the NACDS Annual Meeting here last month, industry leaders expressed their determination to build on the association’s long record of achievement as they work to help shape the evolution of
WOONSOCKET, R.I. — CVS Health posted first quarter sales and earnings that beat Wall Street forecasts. Revenue for the period through March 31 increased 11% to $85.3 billion, exceeding analysts’ projection of $80.8 billion. Adjusted earnings of $2.20 per share topped the average estimate of $2.09. The company lowered its outlook for the full year,
GOODLETTSVILLE, Tenn. — After a professional finance career spanning more than three decades and nearly nine years in key leadership positions at Tennessee-based Dollar General, John Garratt begins his planned retirement on June 2. DG’s president and former chief financial officer is fondly looking back, and ahead, with his ever-present smile and pleasant demeanor that
ZAANDAM, Netherlands — Ahold Delhaize reported better-than-expected first quarter sales, driven by strong performances by its U.S. businesses. The company’s U.S. operations, which include the Food Lion, Stop & Shop, Hannaford Bros., the GIANT Co. and Giant Food chains, posted net sales of €13.5 billion ($14.8 billion) for the quarter, an increase of 5.7% at
GOODLETTSVILLE, Tenn. — Dollar General has expanded its global supply chain network with the opening of its first ground-up, dual facility in Blair, Neb., and two permanent regional distribution hubs, located in Newnan, Ga., and Fort Worth. The company also announced expansion plans for existing facilities in Jonesville, S.C., and Amsterdam, N.Y. “The recent additions
The National Association of Chain Drug Stores Annual Meeting, held at the end of April in Palm Beach, Fla., is now little more than a distant memory. The retailer and supplier attendees have returned to their daily chores, and the glow that routinely follows a successful industry meeting has begun to dissipate, crowded out by
In his new book, The Earth Transformed: An Untold History, Peter Frankopan examines the consequences of interaction between humans and the natural world over the course of millennia. He shows how the trajectory of history has been influenced by such environmental factors as heat waves, droughts, wildfires, floods and volcanic eruptions. Climate change played an
“Change before you have to,” former GE CEO Jack Welch always urged. Sound advice. I don’t have to tell you we’re in the midst of some seismic shifts that will drastically change the way we do business over the next decade. It’s already clear we need to shake up much of our current way of