FAYETTEVILLE, Ark. — Complacency is the enemy of excellence. Doug McMillon delivered that message to a gathering of some 14,000 colleagues that marked the culmination of Walmart’s annual Associates Week. Recalling his 40-year career with the retailer, McMillon, who has served as president and chief executive officer for the past decade, said, “I have seen
WASHINGTON — Retail sales in May rebounded from a tepid April, according to the latest CNBC/NRF Retail Monitor, released June 10 by the National Retail Federation. Total retail sales, excluding automobiles and gasoline, increased 1.3% seasonally adjusted from April and were up 3% unadjusted year over year, according to the report. May’s month-over-month increase was
NEW YORK — Ahold Delhaize recently said it would shutter an undetermined number of underperforming Stop & Shop supermarkets this year, joining what some press reports have described as a “tsunami” of planned retail store closings. Coresight Research, which tracks store openings and closings, said that as of May 31, major U.S. retailers have announced
CHESAPEAKE, Va. — Dollar Tree Inc. has launched a review of “strategic alternatives” for its beleaguered Family Dollar unit, including “a potential sale, spin-off or other disposition of the business.” The announcement comes as Dollar Tree confronts a changing economic environment that has prompted a portfolio review. Company executives have identified some 600 Family Dollar
GOODLETTSVILLE, Tenn. — Although inflation’s pace has slowed since the middle of 2022, the cost of everyday essentials continues to rise. At Dollar General, more shoppers are experimenting with store brands as they seek ways to lessen the strain on their family budgets, says Jackie Li, senior vice president, private brands and global sourcing at
NEW YORK — Retailers have a critical role to play in providing health care products and services in a way that is more personalized, inclusive, accessible and holistic, according to retail executives who spoke earlier this month at a WSL event called “Beyond Wellness. The Future of Health. What Shoppers Really Want.” Andrea Brookhart, director
DEERFIELD, Ill. — Walgreens Boots Alliance is working to reenergize the front end at its nearly 9,000 retail pharmacies in the United States and Puerto Rico as it expeditiously responds to consumers’ changing needs and bolsters its competitiveness. The process of revitalizing the front end began with a reassessment of the merchandise mix and an
Target said last month that it would be cutting prices on about 5,000 items this summer to encourage inflation-weary consumers to spend more in its stores. The move came as the retailer reported first quarter sales that were down compared to the same period last year. Comparable sales declined 3.7% in the first quarter, reflecting
In a recent issue of MMR, this space was devoted to commending Walmart for the successful completion of the first phase of Project Gigaton — six years ahead of schedule. Working in concert with its CPG suppliers, 75% of which now take part in the program, the retailer has thus far been able to cut
The Economist is generally viewed as one of the more rational and conservative among the newsweeklies that bombard Americans and citizens of other countries each fortnight. In that context, it came as something of a surprise when, in a recent issue (May 25) there appeared a Walmart story carrying this subhead: “Walmart’s latest product? Its
By Jason Reiser As the world of health care spins ever forward, we’re seeing GLP-1 drugs — yes, those same ones known for battling diabetes — now taking on obesity with a vengeance. Ozempic, Wegovy, Zepbound — these semaglutide medications are the new celebrities of the pharmaceutical world, and they’re getting serious buzz. They work
Ensuring your vision comes to life in-store can be the most nerve-wracking part of a reset. Relying on installers or potentially inexperienced store staff who may be unfamiliar with your brand and don’t have your passion for the products can be cause for worry, but by providing the right tools you can ensure a smooth