BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks Corp., to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailer’s more than 2,300 stores and will help drive the growth of
WOONSOCKET, R.I. — Beginning in April, the beauty imagery that CVS Pharmacy produces for use in its stores and in its marketing materials will not be “materially altered” digitally. The drug chain is also asking its supplier partners to participate in the initiative, which is meant promote transparency in beauty marketing. “What we’re trying to
BENTONVILLE, Ark. — Sam’s Club has tapped Sean Jackson to succeed Jill Turner-Mitchael as senior vice president for consumables and health and wellness. Jackson, who joined Sam’s Club in 2009 from Linens ’n Things, most recently served as vice president for home. He began his career at May Department Stores. Turner-Mitchael retired effective January 31.
MIAMI — Within five to seven years, 70% of U.S. consumers will be doing at least some of their grocery shopping online, according to research findings released by the Food Marketing Institute and Nielsen at the FMI’s Midwinter Conference here. The second-year findings of the “Digitally Engaged Food Shopper” study estimates that American consumers will be
WOONSOCKET, R.I. — CVS Health executives expressed confidence in the company’s growth strategy earlier this month, and also noted that the recently passed tax overhaul packaged should boost its cash flow by an estimated $1.2 billion. The remarks came in a conference call following an announcement of CVS Health’s 2018 earnings outlook. CVS Health said
WOONSOCKET, R.I. — In an update for investors, CVS Health executives expressed confidence in its growth outlook and noted that the recently passed tax overhaul package should boost its cash flow by an estimated $1.2 billion. The remarks came yesterday in a conference call after the company’s announcement of its earnings expectations for 2018. CVS
ARLINGTON, Va. — The National Association of Chain Drug Stores is running newspaper advertisements in selected congressional districts this month. The ads thanks members of Congress for sponsoring a bill that would let pharmacists provide basic health care services to Medicare patients in underserved areas, and urging passage and enactment of the legislation. The Pharmacy
BOISE, Idaho — Albertsons Cos. has appointed former Sam’s Club chief executive officer Kevin Turner to serve as vice chairman of the board of managers at its direct parent company, AB Acquisition LLC. Turner will also serve as senior advisor to Albertsons chairman and chief executive officer Bob Miller. Turner brings extensive retail and technology
BATAVIA, Ill. — Aldi is ramping up its U.S. expansion, with plans to spend $3.4 billion to expand to 2,500 stores by the end of 2022. Aldi said Monday that the new expansion would make it the third-largest U.S. grocery retailer by store count, vaulting the company past Albertsons Cos. and Ahold Delhaize and putting it
WASHINGTON — Target Corp. chairman and chief executive officer Brian Cornell spoke for much of the retail industry when he testified before the House Ways and Means Committee last month that the proposed Border Adjustment Tax would raise prices for American consumers. Under the border tax, “American families — your constituents — would pay more
WOONSOCKET, R.I. — Expanding its offerings of healthier food and beverages and removing parabens and other such ingredients from its store brand beauty and personal care products were two of the many accomplishments highlighted in CVS Health’s 10th annual corporate social responsibility (CSR) report, released last month. Titled “Prescription for a Better World,” the report
SCOTTSDALE, Ariz. — Responding to consumers’ rapidly changing needs is a top priority for the National Association of Chain Drug Stores, Walgreens Boots Alliance Inc. co-chief executive officer Alex Gourlay said in his inaugural remarks as the organization’s new chairman. “The theme for today, and moving forward, is the customer — understanding the customer’s needs
NEW YORK — Walgreens Boots Alliance Inc. (WBA) executive vice chairman and chief executive officer Stefano Pessina has expressed confidence that the company’s planned merger with Rite Aid Corp. will be approved by the end of July. “I am still optimistic that we will bring this deal to a successful conclusion, but there is no
WASHINGTON — Two recent Supreme Court decisions offered good news to retailers regarding their ongoing fight over the fees they pay on credit and debit card transactions. Late last month the Supreme Court declined to hear an appeal that sought to reinstate a $7.25 billion antitrust settlement of price-fixing charges against MasterCard Inc. and Visa
