WESTBOROUGH, Mass. – BJ’s Wholesale Club Inc. announced earlier this month that it had promoted Christopher Baldwin as the company’s chief executive officer, effective February 1. Baldwin, who joined BJ’s in September as chief operating officer, succeeds Laura Sen in the CEO role. Both Sen and Baldwin will continue to serve on the company’s board.
BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to
DEERFIELD, Ill. – As has been expected, Walgreens Boots Alliance Inc. and Rite Aid Corp. announced earlier this month that the two companies have each received a request for additional information (“second request”) from the Federal Trade Commission in connection with WBA’s proposed acquisition of Rite Aid. The second request was issued under notification requirements
BELLINGHAM, Wash. – Haggen Inc. is selling its remaining stores, completing a downward spiral precipitated by its acquisition last December of 146 Albertsons supermarkets. The retailer has received bankruptcy court approval to auction off its 33 core stores in Washington and Oregon on February 5. “The Haggen group of core stores is well run with
MEDFORD, Mass. – Continuing its rapid expansion in Massachusetts, Wegmans Food Markets Inc. will debut in this Boston suburb. The chain’s supermarket here, in a mall undergoing a renovation, will likely be its sixth in the state. Wegmans’ most recent opening in the Bay State came in October in Westwood. The stores’ offerings include premium
HOFFMAN ESTATES, Ill. – Sears Holdings Corp. reported a narrower quarterly loss this month on fewer onetime expenses, but sales sank 20%, depressed by store closings and soft clothing and consumer electronics volume. The company posted a net loss of $454 million for its third quarter ended October 31, down from $548 million a year
BENTONVILLE, Ark. – Walmart earlier this month introduced Walmart Pay, a mobile payment system that permits shoppers at Walmart stores to pay for merchandise with their smartphones. “Walmart Pay is the latest example, and a powerful addition, of how we are transforming the shopping experience by seamlessly connecting online, mobile and stores for the 140
MINNEAPOLIS – Target Corp. will pay $39.4 million to settle claims by banks and credit unions that said they lost money due to Target’s data breach in 2013. Filed earlier this month, the settlement ends class-action claims by lenders seeking to hold Target responsible for money it had to pay out in reimbursements for fraudulent
STELLARTON, Nova Scotia – Sobeys introduced its new extra banner to customers in Atlantic Canada last month with the grand reopening of the Tantallon, Nova Scotia, location. The store underwent significant renovations throughout the past several months that included upgrades and additions in every department to ensure it met the Sobeys extra designation. “The opening
MINNEAPOLIS – Supervalu Inc. has named Eric Claus chief executive officer of its Save-A-Lot hard discount grocery chain. He is expected to start in that role on or before January 4. Ritchie Casteel, who has been serving as president and CEO of Save-A-Lot, will continue to serve as president, reporting to Claus. Casteel will continue
The reshuffling of the retail landscape is proceeding, indeed accelerating, at a pace undreamed of as recently as five years ago. This is not a reordering of companies or priorities or strategies. It is a reordering of people. Most recently, Michael Francis, the legendary retail marketer, has signed on at Walmart, as the world’s largest
Target still has the knack for bringing excitement to the shopping experience. The company that carved out a distinct identity among mass market retailers as the upscale discounter, with a unique ability to get out ahead of trends, is reimagining holiday shopping at a pop-up store in New York City. Billed by the company as