DANA POINT, Calif. — The era of “go big or go home” in U.S. grocery retailing is coming to an end as top chains leverage new strategies to cope with change, said Joe McKeska, president of Elkhorn Real Estate Partners, during a presentation at the 2018 International Council of Shopping Centers (ICSC) Open Air Centers
BENTONVILLE, Ark. — Walmart’s Jet.com has named Tesco PLC veteran Simon Belsham president. Belsham will oversee all operations, including the unit’s online grocery and general merchandise business. “With Jet Grocery being an integral part of the strategy, Simon brings incredible experience in scaling grocery delivery and his unique background in converging technology and retail to
WEST DES MOINES, Iowa — Cracking the code is never enough in the retail industry, because the code keeps changing. A&P cracked the code in the late 1800s, and it was the nation’s dominant grocery chain by 1930, but it is gone today. Hy-Vee Inc., founded in 1930 by Charles Hyde and David Vredenburg in
Walgreens Boots Alliance, which bills itself as the first global pharmacy-led health and well-being enterprise, is intent on finding strength in the diversity inherent in its scope. Building on a foundation laid in 2007 when the company became a federal contractor in the United States, WBA is working hard to develop a workforce, supplier base
Despite his fiery rhetoric and sometimes unpredictable policy positions during the 2016 campaign, Donald Trump has mostly turned out to be the kind of president that business leaders can appreciate. The National Retail Federation praised the tax reform bill signed into law by President Trump, for example, calling it a “major victory for lawmakers.” And
BENTONVILLE, Ark. — Walmart announced that it is expanding its online grocery delivery service to 100 metropolitan areas by the end of the year, making the service available to more than 40% of U.S. households. The move represents an escalation of the competition among some of the nation’s largest retailers to develop a viable online
JACKSONVILLE, Fla. — Southeastern Grocers is shuttering 94 stores as it files for Chapter 11 bankruptcy protection and undertakes a restructuring. The operator of the Winn-Dixie, BI-LO, Harveys and Fresco y Más chains will continue to run its 582 other stores as it seeks a new route to long-term financial health. President and chief executive
GOODLETTSVILLE, Tenn. — Striving to enhance its brick-and-mortar and digital offerings, Dollar General Corp. is adding fresh produce in stores while rolling out a shop-and-scan mobile app. The chain this year plans to remodel 1,000 stores, two-fifths of which will become the “traditional-plus” format with 34 cooler doors to merchandise an expanded perishables assortment. Of
MINNEAPOLIS — Supervalu Inc. is selling 21 of its 38 Farm Fresh Food & Pharmacy stores and is considering selling the rest. According to the terms of deal, the 21 Farm Fresh stores are fetching $43 million from three different retailers — Harris Teeter Inc., Kroger Mid-Atlantic Division and Food Lion. “Over the past two
MINNEAPOLIS — As part of its multiyear strategy, Target Corp. has announced several initiatives, including a significant expansion of its suite of fulfillment options and an increase in its starting minimum wage to $12 in 2018. Free two-day shipping is now available on thousands of items on Target.com when guests spend at least $35 or
BOISE, Idaho — Albertsons Cos. has hired Jim Donald as president and chief operating officer. Donald, 64, replaces Wayne Denningham, who retired earlier this year. Susan Morris, who in January was named executive vice president and chief operations officer, will continue in that role, Albertsons said earlier this month. Donald is a retail veteran with
WEST SACRAMENTO, Calif. — Raley’s has promoted two key leaders within the organization. Kevin Konkel was named to the newly created role of chief operations officer, and Paul Gianetto was named senior vice president of sales and merchandising. The moves, according to Mark Foley, chief people officer, “will support the advancement of our vision and