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 […]
Read MoreTarget’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 […]
Read MoreAmazon 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 […]
Read MoreJudith 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 […]
Read MoreKohl’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 […]
Read MoreNestlé 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 […]
Read MoreWalmart to shut stores, lay-off workers and raise minimum wage
In two separate announcements on Jan. 11, Walmart said it’s unit Sam’s Club would close 63 stores, resulting in thousands of workers losing their jobs. The decision comes after a […]
Read MoreCampbell Soups in talks to purchase Snyder-Lance
Late on Friday, stocks of Campbell Soup and Snyder’s-Lance rose after reports that Campbell Soups was in ‘advanced talks’ to buy the pretzel and potato chip manufacturer. As the US […]
Read MoreNatural Grocers announces new CFO
Natural Grocers announced the appointment of Todd Dissinger as Chief Financial Officer (CFO), effective January 1, 2018. Dissinger will succeed Sandra Buffa who will retire effective December 31, 2017. Dissinger […]
Read MoreHostess promotes Andrew Jacobs to Chief Operating Officer
Hostess Brands announced it has promoted Andrew (Andy) Jacobs to Executive Vice President (evp) and Chief Operating Officer. Jacobs has been the company’s evp and Chief Commercial Officer since June […]
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