Walmart introduces new grocery brand
BENTONVILLE, Ark. – Walmart is pitching a new private-label grocery brand, bettergoods, to shoppers looking for “elevated culinary experiences.
Retail News
Amazon tops expectations for revenue, earnings
SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier.
Walmart to close all 51 health centers
Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy.
Amazon delivery gets faster
SEATTLE – Amazon today said it continues to increase the speed with which it gets deliveries to customers. Nearly 60% of orders placed through Prime across 60 U.S. metro areas in the first quarter arrived the same day or next day, the company said. Prime members in major cities across the U.S.
FMI taps Julie Savoie to lead workforce initiatives
ARLINGTON, VA – FMI – The Food Industry Association, has tapped Julie Savoie to lead the association’s strategic direction for, and implementation of, member workplace and workforce initiatives. She will also help oversee the FMI sustainability agenda.
Mother’s Day spending expected to hit $33.5 billion
WASHINGTON – Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion.
Swipe fee costs average household more than $1,100
WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. household more than $1,100 last year, the Merchants Payments Coalition said.
Acosta: Grocery channel can grow with HBC/GM
The opportunities for grocery retailers to grow their health and beauty care and general merchandise sales are exponential, according to a new study by Acosta Group.
DoorDash and Walgreens to empower SNAP recipients
DoorDash is collaborating with Walgreens to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.
Ahold Delhaize opens a tech studio in Bucharest
Ahold Delhaize said Wednesday that it is opening a new new tech studio in Bucharest called AD/01. The company expects to staff the studio with about 250 tech employees who will work on innovations aimed at providing an improved customer experience at Ahold Delhaize’s European brands.
NRF issues statement on final overtime rule
The National Retail Federation issued the following statement from Executive Vice President of Government Relations David French after the Department of Labor (DOL) released its final overtime rule.
Amazon adds low-cost grocery delivery subscription option
In a bid to bring greater convenience to budget-minded food shoppers, Amazon has unveiled a new grocery delivery subscription option to Prime members and customers using EBT in over 3,500 cities and towns across the United States. Priced at $9.
FMI reveals 2024 Store Manager Award finalists
The Food Industry Association, has announced the finalists for its 2024 Store Manager Awards, which are designed to shine a spotlight on the dedicated and deserving store managers who bring their passion and talents to serve their store, employees and customers.
CDR, MMR partner with ECRM for special event
Chain Drug Review and Mass Market Retailers have partnered with ECRM for Founders’ Innovation Day, an exclusive event designed for D2C and emerging brands to make the most of their potential at food, drug and mass retailers, and from e-commerce.
Ahold Delhaize Taps Lyda as Chief Legal Officer
Ahold Delhaize USA, the parent company of the grocery brands Food Lion, Giant Food, GIANT Co., Hannaford and Stop & Shop, has named Kim Lyda Chief Legal Officer. In this role, Lyda and her team will work closely Ahold Delhaize’s brands to provide legal counsel, as well as other services such as
Kroger, Albertsons agree to divest more stores
Kroger Co. and Albertsons Cos. said Monday that they are planning to divest more stores in an effort to satisfy regulators and move their merger plans forward. The companies now intend to sell 579 stores under a revised deal with C&S Wholesale Grocers. That is 166 more than were called for in the