Corporate Operations: Page 25
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Walmart CEO talks consumer spending, inflation predictions
Inflation is on course to continue declining, but food prices are unlikely to return to their levels from two years ago, Doug McMillon said at an investor conference Tuesday.
By Catherine Douglas Moran • Sept. 13, 2023 -
Sprouts plans to open 40 stores, roll out loyalty program in 2024
The new store count, which executives detailed Tuesday at Goldman Sachs’ Global Retailing Conference, is a marked increase from the 30 stores the grocer is on track to add in 2023.
By Peyton Bigora • Sept. 13, 2023 -
Trendline
Top 5 stories from Grocery Dive
Top stories from Grocery Dive 2023/2024
By Grocery Dive staff -
Sprouts appoints first-ever chief technology officer
Jim Bahrenburg, formerly chief information officer of Good Food Holdings, assumed the role on Monday.
By Peyton Bigora • Sept. 11, 2023 -
Dollar General braces for $95M profit hit as it clears inventory
While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.
By Ben Unglesbee • Sept. 11, 2023 -
BJ’s names CIO as it targets digital convenience
Anjana Harve succeeds Scott Kessler, who joined Northeast Grocery earlier this year.
By Roberto Torres • Sept. 11, 2023 -
Kroger taps the brakes on automated fulfillment center rollout
The grocery chain plans to hold off on building new e-commerce sites with Ocado “until we make sure that we have a clear path on the ones we have,” Chairman and CEO Rodney McMullen said Friday during an earnings call.
By Sam Silverstein • Sept. 11, 2023 -
Dom’s Kitchen & Market appoints sole CEO
Don Fitzgerald, who has served as co-CEO since 2021, has fully stepped into the Chicago grocery company’s top role.
By Peyton Bigora • Sept. 8, 2023 -
Kroger sees Q2 earnings slip with $1.4B opioid settlement charge
The grocer brought in $33.9 billion in sales, 2% less than during the same period last year, and said its settlement will cover most nationwide opioid claims.
By Catherine Douglas Moran • Sept. 8, 2023 -
Column
The Friday Checkout: C&S would catapult to major retailer status with Kroger-Albertsons deal
The company is suiting up for a starring role after enduring key setbacks to its distribution business. Can it overcome the ghosts of grocery M&A history?
By Grocery Dive Staff • Sept. 8, 2023 -
Walmart lowers starting wage for some store workers
Newly hired employees who stock shelves or fulfill online orders are no longer being offered an extra dollar per hour.
By Daphne Howland • Sept. 8, 2023 -
UNFI names CPG tech veteran as CIO
Mario Maffie will join the grocery retailer and wholesaler in October following a 24-year tech-focused career at Mars.
By Sam Silverstein • Sept. 8, 2023 -
Kroger and Albertsons announce $1.9B divestiture plan with C&S
The deal includes 413 stores, eight distribution centers and three store banners. It also carves out a path for C&S to acquire an additional 237 stores to secure regulatory approval.
By Jeff Wells , Catherine Douglas Moran • Updated Sept. 8, 2023 -
Save Mart taps AI tech to deepen shopper insights and boost CPG relationships
The grocer expects its tie-up with SymphonyAI to help it “think differently from a strategic standpoint” as it works with suppliers, Senior Vice President of Merchandising and Marketing Mark Van Buskirk said in an interview.
By Sam Silverstein • Sept. 7, 2023 -
Kroger, Albertsons may sell stores to C&S Wholesale Grocers: reports
The wholesale grocery supply company is in talks to buy locations that the supermarket operators are looking to offload to win regulatory approval for their merger, according to Bloomberg and Reuters.
By Catherine Douglas Moran • Sept. 6, 2023 -
Dollar General makes 5 top executive promotions
The latest appointments include a new executive vice president of global supply chain as well as a new senior vice president of inventory and demand management.
By Catherine Douglas Moran • Sept. 6, 2023 -
Atlanta Walmart store to include a police substation upon reopening, media reports say
The location that will house the law enforcement facility will be converted from a supercenter to a Neighborhood Market.
By Peyton Bigora • Sept. 5, 2023 -
Giant Food to start receipt checks at DC store as it battles ‘unsustainable levels of product theft’
The grocer also plans to stop selling certain national brand health and beauty care items “in the coming weeks,” a spokesperson said.
By Sam Silverstein • Sept. 5, 2023 -
Target offers more details on its ‘secret sauce’ delivery strategy
The retailer recently opened its 10th sortation center and is testing larger-capacity vehicles for delivery.
By Catherine Douglas Moran • Sept. 5, 2023 -
Dollar General reports lower comps, reduces guidance
The discounter on Thursday reported a 0.1% decline in same-store sales during the second quarter and cut its expectations for sales and profitability for fiscal year 2023.
By Sam Silverstein • Aug. 31, 2023 -
Walmart rolls out generative AI-powered assistant to 50K employees
The retailer joins a growing group of large U.S. enterprises equipping workers with generative AI capabilities customized to internal systems.
By Lindsey Wilkinson • Aug. 30, 2023 -
Fareway to move corporate headquarters
After 85 years in Boone, Iowa, the regional grocer is relocating to nearby Johnston in order to further its Midwest expansion plans.
By Peyton Bigora • Aug. 30, 2023 -
Aldi’s purchase of Winn-Dixie sets up a powerful force in grocery, report says
The German grocer's move to absorb the chain could resonate far beyond the Sunshine State, according to research released Tuesday by Dunnhumby.
By Sam Silverstein • Aug. 30, 2023 -
Giant Eagle names new CEO
The grocery chain named Bill Artman, who has served as interim CEO since March, to the top spot and also promoted several other executives in divisions like finance, supply chain and marketing.
By Catherine Douglas Moran • Updated Aug. 29, 2023 -
Instacart's Road to IPO
6 takeaways from Instacart’s IPO filing
The grocery technology company, which recently achieved profitability, recorded nearly $1.5 billion in revenue during the first six months of 2023, with a significant chunk stemming from its ads business.
By Catherine Douglas Moran , Sam Silverstein • Updated Sept. 22, 2023 -
Kimco Realty to buy RPT Realty
The grocery-anchored shopping center operator’s roughly $2 billion acquisition will help deepen its presence in coastal and Sun Belt markets.
By Catherine Douglas Moran • Aug. 29, 2023