Corporate Operations: Page 49
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Courtesy of Target
Target aims to boost grocery as it pares down inventory
Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.
By Ben Unglesbee • June 7, 2022 -
Courtesy of Walmart
Top Walmart executives talk inflation, labor and supply chain challenges
At a recent investor Q&A, company leaders detailed how they are tackling headwinds like continued cost pressures and shared how they aim to leverage Walmart+.
By Catherine Douglas Moran • June 7, 2022 -
Explore the Trendline➔
Permission granted by Robert Sanchez
TrendlineTop 5 stories from Grocery Dive
Top stories from Grocery Dive 2023/2024
By Grocery Dive staff -
Sam Silverstein/Grocery Dive
Albertsons 'not in a hurry' to finish strategic review, top executive says
The grocery chain is working through the appraisal process to place a value on its extensive real estate holdings as it evaluates its options, President and CFO Sharon McCollam said Thursday.
By Sam Silverstein • June 6, 2022 -
Courtesy of Mashgin
Alimentation Couche-Tard to roll out computer-vision checkout units to 7K c-stores
The multinational retailer, which operates locations under the Circle K and Couche-Tard banners, plans to deploy Mashgin's technology across North America and Europe over the next three years.
By Sam Silverstein • June 3, 2022 -
Permission granted by SpartanNash
SpartanNash touts Q1 results as pivotal shareholder vote looms
The grocer, which is fighting activist investors trying to remake its board, believes its performance for all of 2022 will be stronger than it previously expected, its chief financial officer said Thursday.
By Sam Silverstein • June 2, 2022 -
FangXiaNuo via Getty Images
Grocers lean into price cuts, rewards perks as inflation tightens consumers' wallets
Lidl, Weis Markets and Giant Eagle are looking for new ways to help customers save money as high food prices and fuel costs impact shopping behavior.
By Catherine Douglas Moran • June 2, 2022 -
Permission granted by Dollar General
Dollar General names 11 new executives as it springs ahead
The appointments include a trio of new senior vice presidents who will oversee the discounter’s real estate, private label and distribution departments, as well as eight new vice presidents.
By Sam Silverstein • June 1, 2022 -
Courtesy of Costco Wholesale
Costco continues string of strong earnings by club retailers
The company’s Q3 same-store sales excluding fuel and foreign-exchange costs rose 10.7% year-over-year, while net income came in at $1.35 billion, up 10.9% compared with the same period in 2021.
By Sam Silverstein • May 31, 2022 -
Permission granted by Sprouts Farmers Market
Sprouts appoints CPG executive Hari Avula to board of directors
The chief financial and strategic officer of organic energy bar maker Clif Bar is joining the specialty grocer's board as the retailer looks to adjust its direction following weak first-quarter sales.
By Sam Silverstein • May 25, 2022 -
Courtesy of H-E-B
Supermarkets perform well in latest corporate reputation poll
Wegmans, Trader Joe's, Kroger and H-E-B were among the 25 highest scorers in the 2022 Axios-Harris Poll 100, which ranks the most visible U.S. firms based on their reputation with the public.
By Sam Silverstein • May 25, 2022 -
Courtesy of Gorillas
Gorillas lays off 300, considers 'strategic options' for operations in 4 European countries
The Germany-based rapid delivery firm is tightening its operations in the face of a challenging funding environment, co-founder and CEO Kagan Sumer said in a public letter.
By Catherine Douglas Moran • May 24, 2022 -
Courtesy of Instacart
Instacart revamps its customer ratings system
The company said it will prioritize orders for workers who maintain an average rating of 4.7 out of 5 and will downplay reviews from customers who consistently provide negative feedback.
By Catherine Douglas Moran • May 24, 2022 -
Courtesy of Albertsons
Q&AAlbertsons' head of retail media on the company's 'late mover' advantage and what's next in digital advertising
Kristi Argyilan, who previously headed Target Roundel, says the company is able to build digital advertising services and technology aimed at the current market. But it needs to move fast.
By Jeff Wells • May 24, 2022 -
Courtesy of Meijer
Meijer brings produce from Michigan hydroponic grower to all of its stores
Revolution Farms is supplying several lettuce varieties under its own brand to the Midwestern retailer and also providing all the lettuce for the chain’s “Fresh from Meijer” ready-to-eat salad kits.
By Sam Silverstein • May 23, 2022 -
Retrieved from Walmart on November 01, 2021
Target, CVS testing reusable bag rental system in New Jersey
Coming on the heels of the state's ban on single-use paper and plastic bags, shoppers at select locations can now use in-store kiosks to rent and return bags.
By Catherine Douglas Moran • May 23, 2022 -
Courtesy of BJ's Wholesale Club
BJ's rides gas sales to strong Q1 results
Low prices at its fuel centers spurred people to fill up and shop inside its stores, where grocery and perishable categories led sales.
By Sam Silverstein • May 19, 2022 -
Kaarin Vembar/Grocery Dive
Amazon Fresh prepares to open first stores in New York, New Jersey
The locations, the first of several reportedly set to open on Long Island and in the Garden State, are hosting hiring events aimed at bringing in "hundreds" of workers for the chain.
By Jeff Wells • May 19, 2022 -
Courtesy of United Natural Foods, Inc.
UNFI's chief operating officer announces retirement
Eric Dorne, whose grocery career spanned 46 years, led the integration of Supervalu and has helped steer the distributor through the pandemic.
By Jeff Wells • May 18, 2022 -
Daphne Howland/Grocery Dive
Target's profit 'collapsed' in Q1 as retail smashes into fuel costs
The retailer faced hundreds of millions of dollars in unexpected freight costs but gained market share in grocery as shoppers gravitate toward lower prices.
By Ben Unglesbee • May 18, 2022 -
Courtesy of Gopuff
Gopuff lands former Disney CEO Bob Iger as investor and advisor
The instant delivery company said it is tapping into Iger's experience leading an organization focused on building relationships with consumers.
By Sam Silverstein • May 18, 2022 -
Aja Koska via Getty Images
5 areas grocery executives should prioritize this year: McKinsey
Food retail leaders should pay greater attention to topics such as sustainability, omnichannel growth and tech partnerships as industry challenges mount, the consulting firm said in a new report.
By Catherine Douglas Moran • May 18, 2022 -
Courtesy of Walmart
Walmart's profits take a hit as fuel spikes and consumers react to inflation
As costs continue rising, the retailer is strategically raising and rolling back prices as it seeks market share and profit.
By Ben Unglesbee • May 17, 2022 -
Courtesy of Sprouts Farmers Market
Sprouts' ongoing struggles could mean 'the clock is ticking' for investors
The specialty grocer’s performance has lagged behind its competitors’ results during the pandemic. That could lead the chain to eventually go private again, Wall Street analysts say.
By Jeff Wells , Sam Silverstein • May 16, 2022 -
Courtesy of H-E-B
H-E-B launches health and wellness platform
H-E-B Wellness centers on company-run clinics that will expand across Texas over the next few years and offer a roster of medical and dietary services.
By Jeff Wells • May 13, 2022 -
Courtesy of DoorDash
DoorDash kicks off its inaugural local goods accelerator
The program's first cohort includes more than 40 businesses run by entrepreneurs from underrepresented backgrounds who will have the opportunity to list products on the company's DashMart service.
By Catherine Douglas Moran • May 13, 2022
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