Study: Online grocery loyalty grows, but success costly
SHELTON, Conn. – Consumers are more frequently shopping for groceries online, according to the TABS Analytics 7th Annual Food and Beverage Consumables Study.
Business
KPH president and CEO Bridget-ann Hart to retire
Bridget-ann Hart will retire as president and chief executive officer of Kinney Drugs operator KPH Healthcare Services Inc. at the end of the year. She will continue to serve on the board of KPH, a national provider of health care services with more than 4,000 employees across four divisions.
Deloitte: Holiday sales to grow by 4.5% to 5%
Retail sales this holiday season are likely to increase by between 4.5% and 5%, according to projections by Deloitte.
A.T. Kearney’s new report looks at Gen Z
Gen Z is more concerned with its mental and physical health than Millennials or Gen X, self-reporting higher stress responses to both the news and social media. And, this heightened anxiety is influencing how they shop, benefiting traditional brick & mortar retailers.
Rick Kash and Dimitri Panayotopoulos join IRI board of directors
IRI announced that Rick Kash and Dimitri Panayotopoulos will join the company’s board of directors, effective immediately. IRI is a portfolio company of Vestar Capital Partners and New Mountain Capital.
Fred’s names SB360 to conduct store closing sales
Fred’s has once again tapped SB360 Capital Partners as their exclusive consultant to conduct store closing sales in all 81 remaining Fred’s locations. SB360 Capital Partners has closed 442 Fred’s locations since April of this year. Fred’s filed a voluntary petition for Chapter 11 on Monday in the U.
Hallmark study says consumers seek more than “likes”
In an era when people are seemingly in touch twenty-four seven via smart phones and social media, a new study by Hallmark shows people crave more authentic, meaningful connections to friends and loved ones.
Geoff White named executive VP at Albertsons
Albertsons Cos. has promoted Own Brands president Geoff White to executive vice president and chief merchandising officer. Under White’s leadership, Own Brands penetration grew from 23.0% in fiscal year 2017 to 25.3% in the company’s most recently reported quarter.
Walgreens Boots Alliance appoints global CIO
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced Friday that Francesco Tinto was named global chief information officer (CIO) and senior vice president at the company.
NPD says consumers opt for convenience this back-to-school season
PORT WASHINGTON, N.Y. – According to data from The NPD Group, more U.S. consumers are purchasing pre-packaged school supply kits this year than in previous years, when the kits are made available to them.
Target reports strong Q2 numbers
Target Corp. released its second-quarter earnings report on Wednesday, showing strong growth in all areas. For the quarter, Target saw its comparable sales increase by 3.4%, which it said was driven by a 2.4% growth in traffic.
J.D. Power releases 2019 U.S. pharmacy study
Despite the looming threat of disruption at the hands of e-commerce, the U.S. pharmacy industry continues to enjoy superior levels of customer satisfaction in both the brick-and-mortar and mail order segments, according to the J.D. Power 2019 U.S. Pharmacy Study, released Tuesday.
The Nature’s Bounty Co. names Tahiri president of international business
The Nature’s Bounty Co. announced Monday that Faissal Tahiri has joined the company as president, International, reporting to president and chief executive officer Paul Sturman.
Walmart reports strong Q2 results
Walmart reported on Thursday a second-quarter net income of $3.6 billion compared with a net loss of $861 million a year earlier. Revenue rose 1.8% to nearly $130.4 billion. Operating income, on a constant currency basis, declined 2.4% to $5.6 billion.
Retail sales up in July
Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said this week. The numbers exclude sales by automobile dealers, gasoline stations and restaurants.
AmerisourceBergen names new EVP and CSO
AmerisourceBergen announces the appointment of Leslie Donato to its executive team as executive vice president and chief strategy officer.