Cheers Top Leaderboard Ad

Issue 08-07-2023

FMI: Grocers are approaching an uncertain future proactively

ARLINGTON, Va. — Confronted with a tumultuous business environment, food retailers and their suppliers are investing in more proactive and innovative approaches to shield their businesses from the vagaries of the future. That is one of the major conclusions offered by The Food Retailing Industry Speaks 2023, the annual analysis published by FMI – The

Walgreens to acquire Brookshire Pharmacies

TYLER, Texas — Walgreens will acquire Brookshire Grocery Co.’s (BGC’s) 120 pharmacies in Texas, Louisiana and Arkansas, the companies said last month. The deal includes pharmacy customer prescription files and related pharmacy inventory. Most of the locations are being converted to Walgreens pharmacies that will operate inside BGC’s stores. “We are excited to take this

Emerson Group joining publishers to celebrate NACDS

NEW YORK — In an unprecedented partnership, Chain Drug Review, Drug Store News, The Emerson Group and MMR are joining forces to celebrate the contributions of the National Association of Chain Drug Stores and community pharmacy retailers, as NACDS celebrates its 90th anniversary. The December issues of Chain Drug Review and Drug Store News will

Amazon Prime Day sets sales record

NEW YORK — reported record sales for its Prime Day shopping event that spanned July 11 and July 12. The first day, according to Amazon, marked the highest daily sales yet achieved by the online retailing giant. “The first day of Prime Day was the largest sales day in Amazon’s history, and Prime members

Kroger subscriptions yield ‘promising results’

CINCINNATI — In the year since Kroger Co. introduced paid subscription memberships to accelerate its e-commerce growth, the program saved members more than $115 million, the retailer announced last month. Boost by Kroger Plus was launched in just four of the retailer’s divisions — Cincinnati-Dayton, Columbus, Atlanta and Central (Indianapolis). The two-tiered program offers various

BTS spending expected to exceed $41 billion

WASHINGTON — Consumers are expected to spend record sums this year on back-to-school and back-to-college shopping, according to the annual survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. BTS spending is expected to reach $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021.

NRF’s ranking of top retailers reflects consistent growth

WASHINGTON — Longtime No. 1 Walmart retained first place on the National Retail Federation’s annual list of the top retailers, followed by Amazon. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. Walmart headed the list — compiled by Kantar — with $499.65 billion in U.S. retail sales in 2022.