FAYETTEVILLE, Ark. — The Walmart that Doug McMillon presides over is a different place than it was when he became chief executive officer nine years ago. At the time, some industry observers viewed the company as too vast and deeply rooted in brick-and-mortar retailing to compete effectively in the age of e-commerce. With McMillon’s prodding,
DEERFIELD, Ill. — Walgreens will be cutting over 500 jobs, mostly at its headquarters here and its Chicago office. About 10%, or 504, of the company’s corporate employees will be laid off, Walgreens spokesman Marty Maloney confirmed, noting that none of the staff at stores, micro-fulfillment centers, or call centers will be affected. Maloney said
NEW YORK — Albertsons Cos. and Rite Aid Corp. are among mass retailers enhancing their store brand offerings as growth of the brands continues to outpace gains by national brands. The Private Label Manufacturers Association (PLMA) reported store brand sales increased 11.3% last year as national brand sales increased 6.1%. In volume terms, store brand
WASHINGTON — U.S. retailers and industry groups representing them are lauding the latest bipartisan effort to diminish the power of credit card giants Visa and Mastercard. The move comes as lawmakers in the Senate and House reintroduced The Credit Card Competition Act, which allows merchants to get a choice of at least two routing networks
GOODLETTSVILLE, Tenn. — Dollar General Corp.’s first quarter sales increased 6.8%, but its operating profit declined slightly, to $740.9 million, as the retailer confronted a macroeconomic environment that was “more challenging than expected,” said chief executive officer Jeff Owen. Same-store sales were up 1.6% in the period ended May 5, while diluted earnings per share
GRAPEVINE, Texas — Shoplifting and other retail crime has become a topic of concern for consumers as well as retailers themselves, according to a recent survey conducted for the National Retail Federation (NRF). More than half (53%) of consumers believe retail crimes such as shoplifting and looting stores have increased in their community since the
GOODLETTSVILLE, Tenn. — Dollar General Corp. has promoted company veteran Steve Deckard to the newly created role of executive vice president for growth and emerging markets, in one of a number of recent leadership moves. Deckard, who most recently served as senior vice president of emerging markets and led the company’s international expansion into Mexico,
ARLINGTON, Va. — The latest consumer research by FMI – The Food Industry Association indicates that consumers are approaching grocery shopping with a new, broader concept of value than the traditional focus on price and quantity. Understanding the shift, which appears to be related largely to generational change, is essential for the food industry, says
BOISE, Idaho — Most consumers intend to improve some aspect of their physical health in 2023, according to a recent survey conducted by Albertsons Cos. But half say they are not sure that they’re making healthy choices while grocery shopping. The survey of 1,000 adults in the U.S. was conducted in March to help the
Is Karen Lynch one of the world’s 100 most influential people? For the uninitiated, Lynch is the president and chief executive officer of CVS, one of the nation’s two largest drug chains and, additionally, a serious player in the health care community. Since taking on the role of CEO in 2021, she has remade CVS,
In the last issue of MMR, this space was devoted to the clear and present danger of climate change, and the responsibility that retailers have for doing everything they can to help alleviate the crisis. Walmart is one of the companies that has risen to the challenge, continually finding new ways to make its operations
Low-income consumers tend to be underappreciated and misunderstood. But a recent study by the customer data science company dunnhumby suggests that grocers should consider paying more attention to their customers who are Supplemental Nutrition Assistance Program (SNAP) recipients. SNAP recipients spend more of their money on food than people with higher incomes, according to dunnhumby,