February 7, 2018

Blackwells Capital demands Supervalu break up and sell, starts board fight

After sending the Board of Directors at Supervalu a heated letter in October 2017, Blackwells Capital has followed it up with another severe communication on Feb. 6 stating: “Current Supervalu […]

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February 5, 2018

Kroger sells C-store business

After announcing it intended to explore strategic alternatives for its C-store business, including a potential sale in October 2017, The Kroger Co. announced it had entered into a definitive agreement […]

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February 2, 2018

Altria Group CEO to retire in May 2018

Altria Group announced on Feb. 1 that its CEO Marty Barrington would step down in May after six years at the helm. He will pass the baton on to 54-year-old […]

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February 2, 2018

Hostess acquires breakfast brands, rewards employees with bonuses

On Feb. 1, Hostess completed its acquisition of Aryzta’s breakfast brands including one of its Chicago Cloverhill bakery facilities and Big Texas and Cloverhill brands. The acquisition includes supply partnerships […]

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January 27, 2018

Walmart partners with Rakuten, cuts corporate jobs

As a direct challenge to Amazon, Walmart formed a strategic alliance with Japan’s largest e-commerce company Rakuten whose subsidiary Kobo will sell e-books, audio books and e-readers through Walmart stores […]

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January 27, 2018

Target’s same-day delivery service to launch in Alabama, Florida

On January 25, Target announced its same-day delivery service in partnership with Shipt will debut across 57 stores in Birmingham, Alabama and South Florida. “Our teams moved at lightning speed […]

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January 27, 2018

Amazon opens its checkout-free grocery store

On January 22, 2018, Amazon opened its checkout-free grocery store to the public. Located in Seattle, the store allows customers to take products they want and simply walkout of the […]

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January 17, 2018

Judith McKenna named president and CEO of Walmart International

On Jan. 17, Walmart named current Chief Operating Officer (COO) Judith McKenna president and CEO of its international unit effective Feb. 1. The role is widely seen as a precursor to the […]

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January 17, 2018

Kohl’s to partner with grocers or convenience stores to fill vacant store space

Kohl’s’ CEO Kevin Mansell was reported telling CNBC the company plans to partner with grocery convenience retailers to lease space left by the roughly 300 stores it “right-sized” during the […]

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January 17, 2018

Nestlé sells US Confectionary business to Ferrero for $2.8 billion

In a move towards healthier products, Nestlé has agreed to sell its US confectionary business to Italy’s Ferrero for $2.8 billion in cash. The move comes after the company announced […]

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