March 7, 2016 by MMR
Alasdair James, Bluelight Specials, Kmart, Shop Your Way, Strategic Merchandising Group
2016, Issue 03-07-2016, Issues, Retail News
HOFFMAN ESTATES, Ill. — Kmart announced that the company’s Strategic Merchandising Group is actively sourcing extreme-value deals by purchasing the inventory of liquidated companies and other opportunistic situations. “The path to making Kmart great again starts with sourcing truly brag-worthy deals,” Alasdair James, the company’s president and chief member officer, said in a statement last
March 7, 2016 by MMR
demo days, smart baby technologies, Target Corp.
2016, Issue 03-07-2016, Issues, Retail News
MINNEAPOLIS — Target Corp. said it held the first of the “demo days” it has planned for this year to help its innovation team find start-up businesses capable of developing new products for sale in Target stores and on its website. The team invited a dozen companies to the Target Technology Innovation Center in San
March 7, 2016 by MMR
Jay Cummins, Kroger Co., Smith’s division
2016, Issue 03-07-2016, Issues
CINCINNATI — Kroger Co. announced last month that Jay Cummins, president of its Smith’s division, was retiring from the company after 44 years. No replacement was named. Cummins began his career with Kroger as a clerk in Huntington Beach, Calif., in 1972. He worked his way up the ladder at the company’s Food 4 Less
March 7, 2016 by MMR
Albertsons Cos., Idaho, Paul's Market
2016, Issue 03-07-2016, Issues
BOISE, Idaho — Albertsons Cos. has agreed to acquire and rebrand four Paul’s Market stores in Idaho. The stores, which will be converted to the Albertsons banner, are located in Homedale, Kuna, Boise and McCall, Idaho. Paul’s Market also said that it will close its three other stores, which are located in Caldwell, Mountain Home
March 7, 2016 by MMR
executive vice president and chief human resources officer, Stephanie Lundquist, Target Corp.
2016, Issue 03-07-2016, Issues
MINNEAPOLIS — Target Corp. has promoted Stephanie Lundquist to executive vice president and chief human resources officer. In that position, Lundquist will be responsible for driving the human resources strategy for Target’s 347,000 team members globally, the company said. Lundquist will report to Target chairman and chief executive officer Brian Cornell. “Stephanie has played a
March 7, 2016 by MMR
president and chief executive officer of the National Association of Chain Drug Stores, Steve Anderson
2016, Issue 03-07-2016, Issues
WASHINGTON — Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, has been honored as the 2016 Trade Association CEO of the Year by an independent panel of association leadership experts. NACDS said that Anderson is just the third CEO to receive the award, which is presented by CEO
March 7, 2016 by David Pinto
David Pinto, Rite Aid, Walgreens Boots Allianc
2016, Issue 03-07-2016, Issues, Opinion
The chain drug store community is breathlessly awaiting the completion of Walgreens Boots Alliance’s acquisition of Rite Aid, a transaction due for finalization by midyear. The anxiety has less to do with any possible restructuring of chain drug retailing in America — this transaction pales in size compared to some that have preceded it —
March 7, 2016 by Jeffrey Woldt
ACSI, American Customer Satisfaction Index, Jeffrey Woldt
2016, Issue 03-07-2016, Issues, Opinion
Results from the latest iteraton of the American Customer Satisfaction Index (ACSI) were released late last month, and they contain some worrisome findings for most of the nation’s mass market retailers. After reaching its pinnacle two years ago, the index, which is based on data drawn from interviews with some 70,000 consumers, fell for the
February 15, 2016 by Jeffrey Woldt
Craig Boyan, FMI Midwinter Executive Conference, Jeffrey Woldt
2016, Issue 02-15-2016, Issues, Retail News
MIAMI BEACH, Fla. — If the activity at last month’s FMI Midwinter Executive Conference is a true indication, the nation’s supermarket retailers, a group that has traditionally adhered to a conservative business model, are gearing up to reshape the way they meet the needs of consumers. “We’re seeing unprecedented levels of change in our industry
February 15, 2016 by MMR
Mark Gross, Sam Duncan, Supervalu Inc.
2016, Issue 02-15-2016, Issues
EDEN PRAIRIE, Minn. — Supervalu Inc. named Mark Gross as president and chief executive officer, effective February 5. Gross, 52, succeeds Sam Duncan, who is retiring at the end of the month. Supervalu said Duncan will step down from the board upon his retirement but will continue to serve as a special adviser to the
February 15, 2016 by MMR
Publix Super Markets Inc., Virginia
2016, Issue 02-15-2016, Issues
LAKELAND, Fla. — Publix Super Markets Inc. is expanding into Virginia, which will be the seventh state in the employee-owned grocery chain’s operating area. The retailer said this month that it has signed two leases for stores in greater Richmond. The Bristol store will measure 54,000 square feet and will be located at the corner
February 15, 2016 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2016, Issue 02-15-2016, Issues, Retail News
CAMP HILL, Pa. — Rite Aid Corp. stockholders voted by a wide margin to approve the company’s $17.2 billion deal to be purchased by Walgreens Boots Alliance Inc. (WBA). According to Rite Aid, about 97% of the votes cast at a special meeting of stockholders earlier this month were in favor of the deal. A