FMI’s Sarasin: Focus on data, not politics
ARLINGTON, Va. – FMI president and CEO Leslie Sarasin says that the national conversation about food prices must be informed by data, rather than politics.
Retail News
CVS and FARE team to provide safe Valentine’s Day for kids with food allergies
In the U.S., one in every 13 children has a potentially life-threatening food allergy. Food allergies can make participation in holidays like Valentine’s Day at school and at home a challenge.
Whole Foods rolls out Genexa’s ‘clean label’ products
As we move into the 2024 cold and flu season, Genexa is reinforcing its pioneering role in bringing clean, effective medicines to consumers.
Circana enhances global commercial organization to drive client success
Circana, formerly IRI and The NPD Group, and the world’s leading advisor on the complexity of consumer behavior, today announced enhancements to its global commercial organization to better meet clients’ evolving needs.
Amazon’s Q4 performance beats expectations
Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales increased 14% to $170.0 billion in the fourth quarter ended December 31, up from $149.
Rite Aid completes sale of Elixir to MedImpact
Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for approximately $576.5 million.
Hy-Vee dietitians to offer 1,000 free Vitamin D screenings during February
Hy-Vee is offering several opportunities in February to encourage individuals to keep moving forward with their health goals, including 1,000 free Vitamin D screenings at nearly 60 stores throughout Hy-Vee’s eight-state region.
Chocolate prices go up as cost of cocoa rises
U.S. consumers are paying more for chocolate products as confection manufacturers raise prices in response to the soaring cost of cocoa. Cocoa prices are nearly 65% higher than they were one year ago, and New York futures prices are at a 46-year high.
NRF economist says labor market, interest rates to play big roles in 2024
WASHINGTON – After a better-than-expected performance in 2023, what happens with the economy in 2024 could depend largely on the labor market and what the Federal Reserve does with interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today.
Walmart vows to invest in stores and jobs
Walmart on Wednesday detailed investments in new and remodeled stores that will create new jobs while offering an improved shopping experience for its customers.
Discount Drug Mart adds self-service registration kiosk
Discount Drug Mart, the regional chain that “Saves you the Run Around,” is now saving time on vehicle registration renewals.
Walmart announces 3-for-1 stock split
BENTONVILLE, Ark.– Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1.
Hy-Vee becomes joint owner of Exemplar Care
Hy-Vee Inc. has become a joint owner of the medical clinic operator Exemplar Care as it works to bring more affordable primary care and urgent care services to Iowa patients and employers.
Dollar General surpasses milestone of 5,000 stores nationwide offering fresh produce
GOODLETTSVILLE, Tenn. – Dollar General has surpassed its latest milestone, now offering fresh produce options in more than 5,000 stores across the country. With this achievement, the retailer has more individual points of produce distribution than any other U.S. mass retailer or grocer.
Rite Aid looking at making this Valentine’s Day very special
Love is in the air, and Rite Aid is ready to make this Valentine’s Day unforgettable.
Leaders honored at Friends of the Industry event
One of the high points of the recent FMI Midwinter Conference here was the annual Friends of the Industry dinner. Founded 22 years ago by Bill Kies of Kies Consulting and Mike Gorshe of the Gorshe Group, the event brought together some 300 retailers, CPG suppliers and others involved in the