Target poised for renewed growth
Target Corp. achieved stunning profit growth in fiscal 2023 despite continued soft sales that ameliorated somewhat over the second half.
MMR
Easter spending to top $22 billion
Consumers are expected to spend about $22.4 billion on food, clothing and gifts to celebrate Easter, which falls on March 31 this year. That’s according to the annual survey conducted by the National Retail Federation and Prosper Insights & Analytics.
Dollar Tree retrenching after disappointing Q4
Dollar Tree Inc. reported disappointing quarterly earnings and offered a downbeat outlook on March 13 and announced plans to shutter about 1,000 stores, nearly all of which operate under its Family Dollar banner.
ALDI to add 800 stores over five years
ALDI, a retailer already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the country by the end of 2028. The ambitious five-year expansion plan involves opening new stores and converting existing ones.
FMI laying foundation to make grocers nonfoods destination
Supermarket operators have sold nonfood products for decades, but they still aren’t getting their fair share of the business.
Senators press for PBM reform at NACDS Event
Retail pharmacy’s drive to secure enactment of meaningful PBM reform received a boost earlier this month when the leaders of the Senate Finance Committee spoke at a press briefing on Capitol Hill during NACDS RxImpact Day. Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.
FMI: health and wellness support becoming a pillar for grocers
Building on burgeoning consumer interest in the link between health and nutrition, the grocery industry aims to raise its profile as a destination for a broad and expanding range of products and services that support customers’ well-being.
WE highlights two inspiring career path journeys
With a nod to this year’s International Women’s Day theme, Inspire Inclusion, the latest edition of Conversations with WE focused on the journeys of two female industry leaders.
Dollar General’s Q4 results at top end of internal forecast
Dollar General Corp. said financial results for its fiscal 2023 fourth quarter demonstrate progress in the “back to basics” approach adopted last year when Todd Vasos returned to the company as chief executive officer.
Unilever to spin off ice cream business
LONDON – Unilever PLC plans to spin off its ice cream unit that is home to the Ben & Jerry’s, Wall’s and Magnum brands as part of a restructuring, the company announced March 19. “Ice cream has a very different operating model,” the company said in announcing the plan.
FMI announces leadership promotions
ARLINGTON, Va. – FMI, The Food Industry Association, announced it is promoting key staff members to elevated roles.
NRF forecasts retail sales to reach at least $5.23 trillion in 2024
WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion.
Industry mourns the passing of H-E-B’s Robert Morton
Robert Morton, an innovative leader who worked as the director of healthy living at H-E-B, suddenly passed away while attending the Expo West show. He was 56 years old.
Family Dollar to close nearly 1,000 stores
The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023.
CVS Media Exchange (CMX) partners with Pinterest
CVS Media Exchange (CMX), a data-led, technology-driven media network that enables partners to reach and better serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on data clean rooms to bring greater transparency to partners (CPG brand suppliers).