November 27, 2023 by MMR
Ahold Delhaize, FreshDirect, Getir
Issue 11-27-2023
NEW YORK — Ahold Delhaize USA is selling its FreshDirect online grocery business to Getir, the world’s first ultrafast grocery delivery service. “With this decision, we will increase our focus on omnichannel — our biggest growth opportunity,” said JJ Fleeman, Ahold Delhaize USA’s chief executive officer. “This was a difficult decision, especially given FreshDirect’s rich
November 27, 2023 by Scot Meyer
chatgpt, opinion, Scot Meyer
Issue 11-27-2023
“AI has the potential to revolutionize the retail industry by introducing innovative solutions that enhance efficiency, customer experiences and overall business operations.” That’s what a well-known AI model, ChatGPT, told me when I asked about positive use cases for AI in the retail sector. It went on to list several areas where AI could help
November 27, 2023 by Jeffrey Woldt
FMI, Jeffrey Woldt, Leslie Sarasin, opinion
Issue 11-27-2023
Leslie Sarasin takes an expansive view of her work. As president and chief executive officer of FMI – The Food Industry Association, she has significantly broadened the organization’s reach, carving out a bigger role within FMI for grocery manufacturers and other industry stakeholders, while at the same time forging partnerships with groups that support its
November 27, 2023 by David Pinto
David Pinto, opinion, Rite Aid
Issue 11-27-2023
Those among us who yearn for the good old days — and there remain many who fondly recall a simpler time in chain drug retailing — must surely have a second thought or two about Rite Aid, in the wake of that venerable retailer’s fight for survival. Once upon a not-so-distant time, Rite Aid, along
November 27, 2023 by Jason Reiser
Jason Reiser, on-demand hiring, opinion
Issue 11-27-2023
We’re in the home stretch now, pushing to deliver on our holiday and year-end objectives. And get off the ground running for 2024. But we’re running lean. Very lean. And crossing the finish line is getting harder and harder. With inflation pressures and high interest rates, cost-cutting is the direction in every company. Remember the
November 27, 2023 by Lori Zumwinkle
holiday season, Lori Zumwinkle, opinion, retailers
2023, Issue 11-27-2023
This holiday season, retailers face a unique set of challenges that will test their adaptability, resilience and innovation to the fullest. With consumer behaviors likely to remain uncertain and volatile, retailers are having to display ever greater levels of agility and responsiveness to keep pace. For many people, times are tough right now. Consumers are
October 9, 2023 by MMR
organized retail theft, Target
Issue 10-09-2023
MINNEAPOLIS — Target Corp. is closing nine stores in four states later this month, saying theft and organized retail crime are making the locations unsustainable and threatening the safety of employees and customers. Target set October 21 as the closing date for one store in Manhattan, two in Seattle, three in the Bay Area and
October 9, 2023 by MMR
Emerson Group, Industry Dar
Issue 10-09-2023
WAYNE, Pa. — The Emerson Group’s highly anticipated Industry Day is set for October 11. This all-encompassing virtual event will spotlight the health, wellness and beauty sector’s most prominent thinkers and change agents, including retail experts, innovative brand leaders and visionary speakers. Guest speakers include: Scott Galloway, NYU professor and analyst; Scott Snook, executive fellow
October 9, 2023 by MMR
NACDS, Nourish My Health, White House
Issue 10-09-2023
WASHINGTON — The National Association of Chain Drug Stores is delivering on a commitment made last year at a White House conference on hunger and nutrition with the launch of a national public education campaign aimed at helping Americans reduce risks of diet-related conditions. Nourish My Health was introduced last month as a collaborative campaign
October 9, 2023 by MMR
Amazon, monopoly, sued
Issue 10-09-2023
SEATTLE — The Federal Trade Commission and 17 state attorneys general filed a lawsuit against Amazon.com Inc. on September 26 alleging that the company is a monopoly that uses “anticompetitive and unfair strategies” that harm rivals and consumers and stifle innovation. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly
October 9, 2023 by MMR
holiday season sales
Issue 10-09-2023
NEW YORK — Retailers can expect a low-single-digit increase in holiday season sales, according to a slew of preseason forecasts. Citing “continued consumer resilience,” the authors of the Mastercard SpendingPulse foresee a 3.7% increase in spending compared with a year ago. Deloitte’s annual holiday retail forecast pegs the increased spending at between 3.4% and 4.6%.
October 9, 2023 by MMR
4th quarter, Costco
Issue 10-09-2023
ISSAQUAH, Wash. — Costco Wholesale Corp. exceeded Wall Street’s expectations in posting quarterly financial results that featured continued growth but at a slower pace. Members made more trips to the warehouse clubs but spent less. Shoppers shunned bigger-ticket items, but the groceries category was a sales driver in the 17-week quarter ended September 3. Net