Walmart U.S. this week released highlights from its fourth quarter and its fiscal year. In the fourth quarter, total revenue was $136.3 billion, an increase of $5.3 billion, or 4.1 percent. Excluding currency, total revenue was $135.1 billion, an increase of $4.1 billion, or 3.1 percent. Comp sales increased 2.6 percent, and comp traffic increased […]
Category: Corporate Store News
Posted inGrocery News, Albertsons, Corporate Store News, Grocery Industry, Health & Wellness, Home Page Latest News, National, Store News
Albertsons Cos. Merging With Rite Aid, Will Rebrand Store Pharmacies
Albertsons Cos. and drugstore chain Rite Aid Corp. have entered into a definitive merger agreement under which privately held Albertsons Cos. will merge with publicly traded Rite Aid. Current Rite Aid Chairman and CEO John Standley will become CEO of the combined company, with current Albertsons Cos. Chairman and CEO Bob Miller serving as chairman. […]
Posted inNortheast, Corporate Store News, Online Grocery Technology, Store News
Peapod Expands Delivery For Giant Shoppers With New Wareroom
Peapod, in partnership with Giant Food Stores, plans to open a new wareroom adjacent to a Giant store in North Coventry, Pennsylvania. The investment comes as Peapod has experienced double-digit growth in the region for the last three consecutive years. Peapod anticipates the new wareroom will enable it to serve up to 25 percent more shoppers […]
Posted inRecommended Reading, Bonus Content, Corporate Store News, Grocery Industry, Home Page Latest News, Southeast, Store News
Recommended: Winn-Dixie Reportedly Planning To Close Almost 200 Locations
A regional supermarket chain is reportedly planning to close up to 200 shops as its parent company prepares to file for bankruptcy. Bi-Lo LLC, the parent company of Winn-Dixie, is preparing a potential bankruptcy filing as soon as next month, people with knowledge of the situation told Bloomberg. Winn-Dixie will shutter close to 200 locations […]
Posted in, Corporate Store News, Food Service News, Grocery Industry, Home Page Latest News, Midwest, Perishables, Store News
Kroger’s Culinary Innovation Center Now Open In Downtown Cincy
The Kroger Co. has opened its new test kitchen and training facility in downtown Cincinnati, Ohio, called the Culinary Innovation Center. Among the benefits of the new center for Kroger is the ability to grow its Prep+Pared Meal Kits this year, in both flavors and footprint. Daniel Hammer, Kroger’s VP of culinary development and new […]
Posted inNortheast, Corporate Store News, Grocery Industry, Grocery News, Home Page Latest News, Produce News, Snacks Brands, Store News
Giant Food Offering Free, Heart-Healthy Store Tours
During February, American Heart Month, Giant Food is encouraging customers to take a free, heart-healthy store tour at Giant locations in Maryland, Washington D.C., Delaware and Virginia. The tours are led by Giant Food’s in-store nutritionists and will point out items that affect heart health, such as fat and sodium, while also teaching tips and tricks for preparing […]
Posted inCorporate Store News, Beverage News, Dairy News, Home Page Latest News, Independent Store News, Meat/Seafood/Poultry, National, Produce News, Store News
Trump Administration ‘Food Box’ SNAP Proposal Sparks Concern
The Trump Administration’s 2019 budget proposal calls for a change to the Supplemental Nutrition Assistance Program (SNAP) that would replace current benefits with a “USDA Foods package.” The food box would contain items like “shelf-stable milk, ready to eat cereals, pasta, peanut butter, beans and canned fruit and vegetables.” Food Marketing Institute (FMI) Chief Public […]
Posted inFood Service News, Corporate Store News, Grocery Industry, Grocery Store Layout, Home Page Latest News, Southeast, Store News
Food City Opens New Tennessee Store In Sevier County
Abingdon, Virginia-based Food City opened a new store in Sevier County, Tennessee, on Jan. 31. The 48,500-plus-s.f. supermarket, located at the intersection of Newport Highway and New Center Road, is the company’s sixth location in the area. “We’re excited to have the opportunity to add a new state-of-the-art Food City in Sevier County, where we […]