Corporate Operations: Page 2
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Save Mart taps AI tech to deepen shopper insights and boost CPG relationships
The grocer expects its tie-up with SymphonyAI to help it “think differently from a strategic standpoint” as it works with suppliers, Senior Vice President of Merchandising and Marketing Mark Van Buskirk said in an interview.
By Sam Silverstein • Sept. 7, 2023 -
Kroger, Albertsons may sell stores to C&S Wholesale Grocers: reports
The wholesale grocery supply company is in talks to buy locations that the supermarket operators are looking to offload to win regulatory approval for their merger, according to Bloomberg and Reuters.
By Catherine Douglas Moran • Sept. 6, 2023 -
Dollar General makes 5 top executive promotions
The latest appointments include a new executive vice president of global supply chain as well as a new senior vice president of inventory and demand management.
By Catherine Douglas Moran • Sept. 6, 2023 -
Atlanta Walmart store to include a police substation upon reopening, media reports say
The location that will house the law enforcement facility will be converted from a supercenter to a Neighborhood Market.
By Peyton Bigora • Sept. 5, 2023 -
Giant Food to start receipt checks at DC store as it battles ‘unsustainable levels of product theft’
The grocer also plans to stop selling certain national brand health and beauty care items “in the coming weeks,” a spokesperson said.
By Sam Silverstein • Sept. 5, 2023 -
Target offers more details on its ‘secret sauce’ delivery strategy
The retailer recently opened its 10th sortation center and is testing larger-capacity vehicles for delivery.
By Catherine Douglas Moran • Sept. 5, 2023 -
Dollar General reports lower comps, reduces guidance
The discounter on Thursday reported a 0.1% decline in same-store sales during the second quarter and cut its expectations for sales and profitability for fiscal year 2023.
By Sam Silverstein • Aug. 31, 2023 -
Walmart rolls out generative AI-powered assistant to 50K employees
The retailer joins a growing group of large U.S. enterprises equipping workers with generative AI capabilities customized to internal systems.
By Lindsey Wilkinson • Aug. 30, 2023 -
Fareway to move corporate headquarters
After 85 years in Boone, Iowa, the regional grocer is relocating to nearby Johnston in order to further its Midwest expansion plans.
By Peyton Bigora • Aug. 30, 2023 -
Aldi’s purchase of Winn-Dixie sets up a powerful force in grocery, report says
The German grocer's move to absorb the chain could resonate far beyond the Sunshine State, according to research released Tuesday by Dunnhumby.
By Sam Silverstein • Aug. 30, 2023 -
Giant Eagle names new CEO
The grocery chain named Bill Artman, who has served as interim CEO since March, to the top spot and also promoted several other executives in divisions like finance, supply chain and marketing.
By Catherine Douglas Moran • Updated Aug. 29, 2023 -
Instacart's Road to IPO
6 takeaways from Instacart’s IPO filing
The grocery technology company, which recently achieved profitability, recorded nearly $1.5 billion in revenue during the first six months of 2023, with a significant chunk stemming from its ads business.
By Catherine Douglas Moran , Sam Silverstein • Updated Sept. 22, 2023 -
Retrieved from Google Maps on August 29, 2023
Kimco Realty to buy RPT Realty
The grocery-anchored shopping center operator’s roughly $2 billion acquisition will help deepen its presence in coastal and Sun Belt markets.
By Catherine Douglas Moran • Aug. 29, 2023 -
How theft and organized retail crime are impacting the grocery industry, and what retailers are doing about it
Retailers are rolling out new technologies and strategies as they continue to battle shrink.
By Peyton Bigora • Aug. 28, 2023 -
Instacart's Road to IPO
Instacart files plans to go public
The grocery technology company, which intends to list its shares on the Nasdaq under the ticker symbol “CART,” said it has not yet determined how much money it will seek to raise through the IPO.
By Sam Silverstein , Catherine Douglas Moran • Updated Aug. 25, 2023 -
Q&A
Why Save A Lot’s CEO is bullish on independent grocery retailers
Larger players might have the benefits of scale, but “they also struggle to serve each individual trade area. And that’s where independent retailers succeed,” the chain's top executive said.
By Sam Silverstein • Aug. 24, 2023 -
The Fresh Market set to scale store fleet by 14% over 2 years
The specialty grocery chain plans to add 22 locations under majority owner Cencosud.
By Catherine Douglas Moran • Aug. 23, 2023 -
Generative AI is quickly capturing grocers’ imaginations, survey shows
More than 40% of top-level retail executives who participated in a June survey by Deloitte expect to use the technology for a business application this year, according to data released Wednesday.
By Sam Silverstein • Aug. 23, 2023 -
Dollar General opens first dual distribution center
The 1-million-square-foot facility in Blair, Nebraska, was designed around the company’s traditional and DG Fresh supply chain models and will ultimately serve more than 1,000 stores.
By Peyton Bigora • Aug. 22, 2023 -
Giant Food to close 3 e-commerce facilities
The grocery chain will shutter fulfillment centers in Maryland, Virginia and Delaware on Oct. 21 as it moves to a “localized fulfillment model,” a spokesperson said Monday.
By Sam Silverstein • Aug. 22, 2023 -
UFCW opposes Aldi’s plan to buy Winn-Dixie
Union President Marc Perrone said the proposed merger poses a threat to consumers and essential grocery workers and urged federal regulators to review the deal “critically.”
By Peyton Bigora • Aug. 22, 2023 -
Target adds baby, toddler offering to Good & Gather brand
The expansion of the 4-year-old private label comes as the food and beverage segment grows in importance for the retailer.
By Nate Delesline III • Aug. 21, 2023 -
Boxed acquired by MSG Distributors
The regional distributor of consumables and household products stated it will work to continue serving Boxed’s customers, vendors and brands.
By Peyton Bigora • Aug. 21, 2023 -
Wakefern, Simbe expand partnership
The announcement follows a successful pilot that saw the retailer-owned cooperative test the technology company’s Tally aisle-scanning robots in more than 20 stores.
By Peyton Bigora • Aug. 21, 2023 -
SpartanNash sees declining comps, surging earnings in Q2
The grocer’s results during the period were impacted by factors including rapidly declining inflation and reduced demand from Amazon, one of the company’s key wholesale customers.
By Sam Silverstein • Aug. 18, 2023