Corporate Operations: Page 58
-
Costco continues string of strong earnings by club retailers
The company’s Q3 same-store sales excluding fuel and foreign-exchange costs rose 10.7% year-over-year, while net income came in at $1.35 billion, up 10.9% compared with the same period in 2021.
By Sam Silverstein • May 31, 2022 -
Permission granted by Sprouts Farmers Market
Sprouts appoints CPG executive Hari Avula to board of directors
The chief financial and strategic officer of organic energy bar maker Clif Bar is joining the specialty grocer's board as the retailer looks to adjust its direction following weak first-quarter sales.
By Sam Silverstein • May 25, 2022 -
Explore the Trendline➔
Sam Silverstein/Grocery Dive
TrendlineGrocery loyalty
Food retailers are depending on techniques designed to build and maintain connections with customers as they strive to stand out.
By Grocery Dive staff -
Courtesy of H-E-B
Supermarkets perform well in latest corporate reputation poll
Wegmans, Trader Joe's, Kroger and H-E-B were among the 25 highest scorers in the 2022 Axios-Harris Poll 100, which ranks the most visible U.S. firms based on their reputation with the public.
By Sam Silverstein • May 25, 2022 -
Courtesy of Gorillas
Gorillas lays off 300, considers 'strategic options' for operations in 4 European countries
The Germany-based rapid delivery firm is tightening its operations in the face of a challenging funding environment, co-founder and CEO Kagan Sumer said in a public letter.
By Catherine Douglas Moran • May 24, 2022 -
Courtesy of Instacart
Instacart revamps its customer ratings system
The company said it will prioritize orders for workers who maintain an average rating of 4.7 out of 5 and will downplay reviews from customers who consistently provide negative feedback.
By Catherine Douglas Moran • May 24, 2022 -
Courtesy of Albertsons
Q&AAlbertsons' head of retail media on the company's 'late mover' advantage and what's next in digital advertising
Kristi Argyilan, who previously headed Target Roundel, says the company is able to build digital advertising services and technology aimed at the current market. But it needs to move fast.
By Jeff Wells • May 24, 2022 -
Courtesy of Meijer
Meijer brings produce from Michigan hydroponic grower to all of its stores
Revolution Farms is supplying several lettuce varieties under its own brand to the Midwestern retailer and also providing all the lettuce for the chain’s “Fresh from Meijer” ready-to-eat salad kits.
By Sam Silverstein • May 23, 2022 -
Retrieved from Walmart on November 01, 2021
Target, CVS testing reusable bag rental system in New Jersey
Coming on the heels of the state's ban on single-use paper and plastic bags, shoppers at select locations can now use in-store kiosks to rent and return bags.
By Catherine Douglas Moran • May 23, 2022 -
Courtesy of BJ's Wholesale Club
BJ's rides gas sales to strong Q1 results
Low prices at its fuel centers spurred people to fill up and shop inside its stores, where grocery and perishable categories led sales.
By Sam Silverstein • May 19, 2022 -
Kaarin Vembar/Grocery Dive
Amazon Fresh prepares to open first stores in New York, New Jersey
The locations, the first of several reportedly set to open on Long Island and in the Garden State, are hosting hiring events aimed at bringing in "hundreds" of workers for the chain.
By Jeff Wells • May 19, 2022 -
Courtesy of United Natural Foods, Inc.
UNFI's chief operating officer announces retirement
Eric Dorne, whose grocery career spanned 46 years, led the integration of Supervalu and has helped steer the distributor through the pandemic.
By Jeff Wells • May 18, 2022 -
Courtesy of Gopuff
Gopuff lands former Disney CEO Bob Iger as investor and advisor
The instant delivery company said it is tapping into Iger's experience leading an organization focused on building relationships with consumers.
By Sam Silverstein • May 18, 2022 -
Daphne Howland/Grocery Dive
Target's profit 'collapsed' in Q1 as retail smashes into fuel costs
The retailer faced hundreds of millions of dollars in unexpected freight costs but gained market share in grocery as shoppers gravitate toward lower prices.
By Ben Unglesbee • May 18, 2022 -
Aja Koska via Getty Images
5 areas grocery executives should prioritize this year: McKinsey
Food retail leaders should pay greater attention to topics such as sustainability, omnichannel growth and tech partnerships as industry challenges mount, the consulting firm said in a new report.
By Catherine Douglas Moran • May 18, 2022 -
Courtesy of Walmart
Walmart's profits take a hit as fuel spikes and consumers react to inflation
As costs continue rising, the retailer is strategically raising and rolling back prices as it seeks market share and profit.
By Ben Unglesbee • May 17, 2022 -
Courtesy of Sprouts Farmers Market
Sprouts' ongoing struggles could mean 'the clock is ticking' for investors
The specialty grocer’s performance has lagged behind its competitors’ results during the pandemic. That could lead the chain to eventually go private again, Wall Street analysts say.
By Jeff Wells , Sam Silverstein • May 16, 2022 -
Courtesy of H-E-B
H-E-B launches health and wellness platform
H-E-B Wellness centers on company-run clinics that will expand across Texas over the next few years and offer a roster of medical and dietary services.
By Jeff Wells • May 13, 2022 -
Courtesy of DoorDash
DoorDash kicks off its inaugural local goods accelerator
The program's first cohort includes more than 40 businesses run by entrepreneurs from underrepresented backgrounds who will have the opportunity to list products on the company's DashMart service.
By Catherine Douglas Moran • May 13, 2022 -
Courtesy of Instacart
Instacart's Road to IPOInstacart files confidentially for IPO
The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering.
By Catherine Douglas Moran , Jeff Wells • May 12, 2022 -
Sam Silverstein/Grocery Dive
Stop & Shop a sore spot in otherwise solid earnings report for Ahold Delhaize
The retailer disclosed that the Northeast banner lost market share between Q4 2019 and Q4 2021, which executives chalked up to a slowdown in its remodeling program due to the pandemic.
By Jeff Wells • Updated May 12, 2022 -
Retrieved from Apple App Store on March 29, 2022
Jokr diversifying revenue with launch of own retail media platform
Jokr Media, which is live in the U.S. and five Latin American countries, is a "major strategic focus" for the rapid delivery firm as it focuses on profitability, said Benedict Counsell, vice president of onsite and Jokr Media.
By Catherine Douglas Moran • May 12, 2022 -
Courtesy of Dollar Tree
Dollar Tree taps former Dollar General execs for help with supply chain, merchandising
The hires join new executive chair Richard Dreiling as the latest appointments with experience at the dollar store's faster-growing rival.
By Ben Unglesbee • May 12, 2022 -
Courtesy of SpartanNash
SpartanNash inks delivery and distribution deal with DoorDash
Under the agreement, DoorDash will become a delivery option for the grocery company's stores and independent retail clients, while SpartanNash will begin supplying DashMart online convenience stores.
By Jeff Wells • May 10, 2022 -
Noel Hendrickson via Getty Images
Foot traffic slows at grocery stores as inflation takes hold, report says
Overall visits declined in February compared with the same month in 2019, ending a 10-month streak of rising foot traffic, according to Placer.ai.
By Sam Silverstein • May 5, 2022 -
Daphne Howland/Grocery Dive
Target focuses on customer experience, supply chain in latest leadership shuffle
The mass merchant is operating from a position of strength, but is also likely realizing it must look harder for growth opportunities.
By Daphne Howland • May 5, 2022
Previous
