63 Sears, Kmart stores to shut in Jan 2018
After closing more than 350 Sears and Kmart stores in 2017, the struggling retailer announced on Thursday that it will shut an additional 45 Kmart and 18 Sears stores in […]
Read MoreAmazon Fresh suspended in certain areas
On Nov. 3, Amazon announced it is ending its Fresh grocery delivery service for select zip codes, while it will continue to operate in cities ranging from Los Angeles to […]
Read MoreWalmart reveals Holiday strategy
Ensuring it repeats its successful holiday quarter by beating rivals, Walmart has announced a part of its holiday strategy: hosting 20,000 holiday parties at its 4,700 stores. The retail giant […]
Read MoreWalmart introduces Italian private label product line
Adding to its private label collection, Walmart announced the introduction of 40 products under a new private label line called Sam’s Choice Italia. The new line includes boxed dinners, bagged […]
Read MoreSupervalu board feels shareholder pressure from Blackwells Capital
Calling Supervalu stock price performance abysmal, Blackwells Capital sent an open letter to Supervalu’s board of directors seeking to immediately engage with them to review business improvement initiatives. Blackwells owns […]
Read MoreKroger announces Executive Leadership Team with focus on Restock Kroger plan
Fred Morganthall, Kroger’s evp of retail operations, will retire after 31 years of service with the organization, effective November 30, 2017. Mike Donnelly, who is Kroger’s current evp of merchandising, […]
Read MoreFerrero International to buy Ferrera Candy, eyes Nestle U.S.
The Italian maker of Ferrero Rocher, Tic Tac, Nutella and Kinder Joy has signed a deal worth $1.3 billion to acquire the manufacturer of Lemonheads and Red Hots, according to […]
Read MoreSupervalu Acquires Associated Grocers of Florida
Supervalu announced on Oct. 18 they had finalized a merger agreement to acquire Associated Grocers of Florida. The transaction, which is valued at approximately $180 million, will help Supervalu to […]
Read MoreLoblaw cuts 500 jobs to boost e-commerce
Loblaw Co Ltd, the Canadian grocery retail chain will cut 500 jobs and reinvest savings to boost its digital and e-commerce services, Reuters reported on Monday. The job cuts that […]
Read MoreKroger hosts Natural Foods Innovation Summit
Kroger hosted its first Natural Foods Innovation Summit in partnership with 84.51°, in Cincinnati, Ohio on Oct. 12 with plans to hold similar summits a few times each year. The […]
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