Walgreens (along with CVS, Rite Aid and several regional mass retailers) has been in the news recently, though not for the usual reasons — and not under the most favorable circumstances. Along with other newspapers and periodicals, The New York Times has lately put Walgreens in its cross hairs, with attention-grabbing headlines such as these:
As it has on multiple occasions over the last quarter of a century, Rite Aid finds itself beset with uncertainty. The abrupt departure of chief retail officer Andre Persaud earlier this month, coming as it did on the heels of the company’s parting of ways with president and chief executive officer Heyward Donigan at the
Retail sales in February were down from January but up year over year, according to the U.S. Census Bureau, suggesting that consumers are still spending, despite inflation that remains stubbornly high. The figures were released earlier this month against a backdrop of mixed messages on the economy’s health. The tech sector was announcing big layoffs
A little while back, a report from FMI – The Food Industry Association caught my eye. It provided some pretty compelling data on how hybrid grocery shopping is completely transforming the food retail landscape. Maybe you saw it, too? FMI noted that seven years ago only 7% of surveyed shoppers reported ordering groceries online within
BENTONVILLE, Ark. — Walmart cited broad-based strength across its global segments in posting revenue growth of 7.3% in its fiscal year ended January 31. The company posted fiscal 2023 net income of nearly $11.7 billion, down 14.6% compared with the previous fiscal year. For the current year, through January 2024, Walmart is forecasting a same-store
ARLINGTON, Va. — The NACDS Foundation Dinner is making a major move. The event, which since its inception 25 years ago has been held in New York City in December, will be held during the NACDS Total Store Expo on Saturday, August 12, in San Diego. “We look forward to bringing the event to the
ZAANDAM, Netherlands — Ahold Delhaize reported a 9.2% increase in net sales at its U.S. operations in the fourth quarter of 2022. Comparable-store sales (excluding gasoline) were up 9.3% in the quarter at the company’s U.S. banners of Food Lion, Stop & Shop, the GIANT Co., Giant Food, Hannaford and FreshDirect. Online sales in the
ORLANDO, Fla. — Saying “the time is now,” Thrifty White Pharmacy chief operating officer Justin Heiser told attendees at the 2023 National Association of Chain Drug Stores Regional Chain Conference here that the industry was ready to do more for customers and patients. “There is no doubt that the COVID-19 pandemic created an opportunity for
BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new distribution and
CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020,
CHICAGO –– H-E-B has regained the leadership position in the sixth annual dunnhumby Retailer Preference Index (RPI), an examination of the U.S. grocery market by data science firm dunnhumby. Costco Wholesale holds the second position in this year’s index, followed by Amazon. Wegmans held the fourth position for the third consecutive year. Rounding out the
ORLANDO, Fla. — After spending several months fine-tuning its corporate structure and management team, Hy-Vee Inc., which operates more than 285 stores in eight Midwestern states, faces the future with confidence as it embarks on the final two years of the Randy Edeker era. Known first and foremost for its eponymous food/drug combination stores, Hy-Vee