MINNEAPOLIS — Supervalu Inc. has promoted Rob Woseth to executive vice president and chief financial officer. Woseth, who has held the position of executive vice president and chief strategy officer at the grocery retailer since March 2013, has also served as the company’s interim CFO since July 2017. As CFO, Woseth will lead Supervalu’s finance
We are moving quickly toward a world where it no longer makes sense to talk about “online retailers” and “traditional retailers.” Increasingly there are just retailers, who allow their customers to shop however they like. The merging of physical and digital retailing is the main takeaway from this year’s “State of Retail Online” study from
One of the more intriguing developments in mass market retailing in recent weeks was the announcement by Kohl’s Corp. chairman, president and chief executive officer Kevin Mansell that the department store operator will team up with Aldi, the hard discount grocer, as part of a program designed to optimize its store base. During a conference
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of Columbia. The merger will
BOSTON — According to a new study by global e-commerce analytics firm Profitero, Walmart’s online grocery prices are edging closer to Amazon’s, with only a slim gap separating prices between the two retailers. In the report, “Price Wars: Grocery, Household and Beauty,” Profitero analyzed pricing for 21,000 products in grocery, beauty and household supplies, and
CITY OF COMMERCE, Calif. — 99 Cents Only Stores LLC announced the promotion of Jack Sinclair to the role of chief executive officer. Sinclair succeeds Geoffrey Covert, who is retiring. The deep-discount retailer also announced the appointment of Jason Kidd as president and chief operating officer, reporting to Sinclair. Kidd joined 99 Cents Only Stores
WASHINGTON — After nearly 10 years of leading the Grocery Manufacturers Association (GMA), Pamela Bailey will be leaving her post as president and chief executive officer. Bailey will continue to manage the organization while the board of directors conducts a search for her successor. During Bailey’s tenure, GMA led the industry in supporting modernization of
ANN ARBOR, Mich. — Amazon and Publix Super Markets Inc. lead the pack in customer satisfaction, according to the latest report from the American Customer Satisfaction Index (ACSI). The “ACSI Retail Report 2017” shows that the retail sector as a whole remains steady, with an ACSI score of 78.1, down slightly from an all-time high
NEW YORK — The planned merger of Rite Aid Corp. and Albertsons Cos. should strengthen both retailers by bringing together several complementary strengths. First and perhaps most obvious will be the enhanced financial scale of the combined company. With 4,892 stores nationwide, pro forma annual revenue is projected to total around $83 billion for 2018,
NEW YORK — Nearly half of U.S. consumers shopped for apparel at Amazon.com over the past 12 months, according to a survey from Coresight Research, which concluded that Amazon is neck and neck with Target Corp. as the second-most-shopped apparel retailer in the United States (after Walmart), as measured by the number of shoppers. Much
The pending merger between Albertsons Cos. and Rite Aid, which was announced late last month after extensive negotiations, represents a major milestone for the companies involved and a potentially decisive turning point in the ongoing, if sometimes sporadic, effort by mass market retailers to more closely align nutrition, health and wellness in order to better
Retailers can expect no letup on competitive pressure in the year ahead. But as they continue to battle across formats and trade classes for market share, at least the economic pie they are fighting over appears likely to keep getting bigger. That is good news for retailers for a couple of reasons. On the political