Target names Michael Fiddelke COO
Target Corp. announced Thursday that Michael Fiddelke, who has served as the retailer’s chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024.
Retail News
Dollar General unveils home fragrance line
Dollar General has launched a new home fragrance line called Club92 with scented candles, wax melts and reed diffusers. The line was created exclusively for DG by Slatkin + Co., which specializes in home fragrance.
Deloitte: CPG companies pivot to volume in 2024
NEW YORK – The largest U.S. consumer products companies have enjoyed pricing power to a degree that put them among the top 100 global companies in terms of revenue, according to a new report from Deloitte LLP.
Kroger pushes back timeline on merger closure
Regulators with the Federal Trade Commission need more time to consider Kroger’s proposed acquisition of Albertsons Cos. and the related divestiture plan the retailers offered to allay antitrust concerns, according to court filings.
Circana ups CPG market measurement coverage by 15% with MULO+
CHICAGO – Circana, formerly IRI and The NPD Group, today announced a significant expansion to its multi-outlet (MULO) data universe across U.S. CPG channels, including grocery, drug, mass market, military commissaries, club, and dollar stores, as well as e-commerce.
NRF reports Census data shows 2023 holiday sales grew 3.8% to record $964.4 billion
WASHINGTON – U.S. Census Bureau data released Wednesday shows that core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion, easily meeting the National Retail Federation’s forecast despite continued inflation and high interest rates, NRF said.
New report from CVS looks at future of community pharmacy
CVS Health has released The Rx Report: The future of community pharmacy opens doors to healthier communities, which outlines the evolution of consumers’ expectations of community pharmacy and how local pharmacies continue to add value to the health care system, especially for vulnerable populations,
Rite Aid expands craft beer selection with Lansing Brewing Co. partnership
PHILADELPHIA – Rite Aid Corp. announced a new collaboration with Lansing Brewing Company, bringing a taste of local craft brews to its Lansing-area stores.
Rite Aid rolls out same-day delivery option
PHILADELPHIA – Rite Aid announced the launch of its same-day delivery service for Rite Aid customers within 15 miles of select store locations.
Retailers optimistic about 2024 with plans to evolve supply chain, invest in AI
NEW YORK – Executives and C-suite professionals at mid-market retail and consumer packaged goods (CPG) companies are nearly universally optimistic about 2024, with few anticipating a recession.
NRF Foundation Honors celebrates retail
NEW YORK – The ninth annual NRF Foundation Honors event here on January 14 raised more than $3 million to support careers in retail.
Video Forum: Rodney McMullen, Kroger
This week’s Video Forum features Kroger chairman and CEO Rodney McMullen, newly named Retailer of the Year at MMR (Chain Drug Review‘s sister publication). McMullen discusses some of the major initiatives that have helped make the company the nation’s premier operator of traditional supermarkets.
Walmart to make largest drone delivery expansion of any U.S. retailer
Walmart is reaching new heights, offering our drone delivery for up to 75% of the Dallas-Fort Worth (DFW) population. Wing is building on their momentum with the largest drone delivery footprint of any U.S. retailer.
CVS to close dozens of Target pharmacy locations
According to published reports, CVS Health plans to close dozens of its locations in Target Corp. discount stores as the drugstore chain grapples with rising costs in its pharmacy business.
December CNBC/NRF Retail Monitor numbers show retailers had strong holiday season
WASHINGTON – Retail sales continued to grow in December, completing a strong holiday shopping season, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access December’s retail data.
H-E-B is top grocer in latest dunnhumby RPI
H-E-B is the nation’s top grocery retailer in the seventh annual dunnhumby Retailer Preference Index (RPI). The index is the only approach to ranking grocers that combines financial results with customer perception, duhnhumby said today in announcing the results.