According to a National Association of Convenience Stores (NACS) Consumer Fuels survey, consumer optimism has dipped in February, but Jeff Lenard, NACS VP of strategic industry initiatives, said it does not mean consumer spending is poised to suffer. A turbulent stock market compounded by a 9-cent increase in gas prices lowered February consumer economic optimism […]
Category: Store News
Posted in, Grocery Industry, Home Page Latest News, Store News
Tops Markets Files Chapter 11 To Pursue Financial Restructuring
Tops Markets LLC announced Feb. 21 that it has filed for Chapter 11 bankruptcy protection and is pursuing a financial restructuring in order to eliminate a substantial amount of debt from its balance sheet. The hope is that the move will position Tops for long-term success. Tops’ portfolio of stores in Upstate New York, northern […]
Posted inCorporate Store News, Grocery Industry, Home Page Latest News, Southwest, Store News
Walmart Reports 23 Percent Increase In E-Commerce Sales In 4Q
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 […]
Posted inC-Store News, Grocery Industry, Grocery Store Layout, Home Page Latest News, Southwest, Store News
Big Red Stores To Open Three New Central Arkansas Locations This Year
Big Red Stores has begun construction on its 37th c-store in Central Arkansas, located in North Little Rock on Counts Massie Road. The store will serve the Maumelle and North Little Rock Communities, and it will incorporate the company’s new contemporary design, developed to meet changing customer needs, says Big Red. The new store will feature […]
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, Independent Store News, Store News, Wholesaler/Distributor News
New Hampshire’s McKinnon’s Market Receives Dual Honors From IGA
McKinnon’s Supermarket and Super Butcher Shop of Portsmouth, New Hampshire, serviced by Bozzuto’s, has received dual honors from IGA. It was named a 2018 Hometown Proud Retailer and received a CEO’s Innovation Award. This year was the first year the innovation awards were presented. McKinnon’s Marketplace prides itself on having the largest selection of meat […]
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 inNortheast, Independent Store News, Organic Natural, Store News
Key Food Opens Brooklyn Market Banner Store In NY Village
Key Food Stores Co-operative Inc. celebrated the grand opening of a new Brooklyn Market at 83 Stanley Avenue in Dobbs Ferry, New York, on Feb. 16. Dobbs Ferry is a village located in Westchester County. “We’re thrilled for Brooklyn Market to expand our family of supermarkets and service the Dobbs Ferry community,” said John Durante, VP […]