BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for the fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in the prior-year period. Adjusted net income was $505 million, or 87 cents per share, which beat the 66 cents FactSet
NEW YORK — The eighth annual NRF Foundation Honors event was held at the New York Marriott Marquis earlier this month to recognize the outstanding leadership of retail executives, award student scholarships and highlight retail as an industry of opportunity. The event raised nearly $3 million to fund the NRF Foundation’s career development programs and
BENTONVILLE, Ark. — Walmart is expanding its Fleet Development pilot program to allow more associates the opportunity to become truck drivers for the retailer. According to a blog post by Fernando Cortes, senior vice president of transportation for Walmart, the launch of the retailer’s Fleet Development program last year gave supply chain associates in selected
JACKSONVILLE, Fla. — Acosta, a national sales and marketing services provider, has identified several opportunities and challenges for brands and retailers as they navigate a dynamic and uncertain consumer marketplace in the coming year. “The economic challenges of the past year will continue to impact consumer behavior in 2023, providing overarching context for what shoppers
The reordering of mass retailing, which is rapidly transforming the industry and making old definitions obsolete, is quickly accelerating. So it is that such traditional drug chains as Walgreens and CVS are transitioning into health care providers. The retail outlets once easily identified as discount stores are now challenging traditional food retailers for leadership in
If recent history has taught mass market retailers anything, it is that established patterns of business are sometimes upended in sudden and unexpected ways. Kate Ancketill, founder and chief executive officer of London-based GDR Creative Intelligence, addressed the implications that major disruptions have for merchants during a presentation at the National Retail Federation’s Big Show.
The exhibit floor at NRF 2023: Retail’s Big Show was a cornucopia of technological innovation, packed with exhibitors showing off the latest robots, kiosks and mobile point-of-sale solutions, as well as scads of artificial intelligence applications designed to help retailers do everything from addressing theft within their stores to better forecasting their inventory needs. There
CINCINNATI — While Kroger Co. is best known as the nation’s grocer, the company is also a potent force in health care, with 2,255 pharmacies and 226 clinics across the U.S. The drive is under way to maximize synergies between the two sides of the business, positioning “food as medicine” as a means to keep
BENTONVILLE, Ark. — As Walmart’s chief merchandising officer, Charles Redfield and his team are responsible for making sure the retailer’s customers, whether shopping online or in stores, can always find the items they want at the lowest possible prices. The high rate of inflation that has shocked consumers in the past year has made that
WEST DES MOINES, Iowa — Hy-Vee Inc. has never been afraid to try new things, and the past year and a half the retailer has seen a parade of fresh ideas, products and services that have helped the company extend its reach, address changing customer needs and grow its business. A few highlights: • In
GOODLETTSVILLE, Tenn. — Todd Vasos began an exciting new leadership chapter at Dollar General Corp. on November 1 as he transitioned from chief executive officer to senior advisor. The new role underscores the leadership, mentorship and perpetual evolution that has defined Vasos’ retail career for nearly four decades. MMR is proud to honor Vasos with
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) posted first quarter sales and earnings that topped analysts’ forecasts. WBA reported adjusted earnings per share of $1.16, surpassing the expected $1.14. Revenue for the three-month period ended November 30 was $33.38 billion, ahead of the projected $32.84 billion. Walgreens’ front-end sales grew 0.8%, with same-store sales rising