Target Corp. has appointed Minsok Pak EVP, chief strategy and innovation officer. Pak will be responsible for Target’s enterprise strategy development and retail innovation with the goal of enhancing the guest experience and accelerating growth. He also will oversee business development for the company, including mergers, acquisitions, partnerships and joint venture initiatives. He will report […]
Category: Store News
UPDATED: Amazon/Whole Foods Merger Will Close Monday; Industry Leaders Respond
Updated 8/25/17 11:36 a.m. Amazon’s acquisition of Whole Foods Market will close on Monday August 28, 2017, and the two companies will “together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone.” Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples […]
Walmart Expands Delivery Pilot, Partners With Google Assistant
Walmart is stepping up its online ordering and delivery programs. The retailer is expanding its home delivery pilot program to Dallas and Orlando, and is partnering with Google to offer voice shopping via Google Assistant. See statements from Mike Turner, VP of ecommerce operations, and Marc Lore, president and CEO of Walmart U.S. ecommerce, below. […]
Macey’s Makes $68K+ Donation To Primary Children’s Hospital
Continuing a 30-year tradition, Macey’s grocery stores donated $68,536.59 to Primary Children’s Hospital during a check presentation last week. The donation was raised through the grocery store’s Macey’s Caring for Kids drive that ran from June 5-30 in 12 locations. During the drive, guests were invited to donate during checkout to support the hospital. “Macey’s has been […]
Target Restock Expands To Denver, Dallas-Fort Worth
Target expanded Target Restock, a new next-day “essentials” delivery service the Minneapolis-based retailer has been testing, to Dallas-Fort Worth and Denver on Aug. 15. Shoppers visit Target Restock and choose from more than 15,000 products, ranging from personal and baby care items to cleaning supplies. Orders can weigh up to 45 pounds, which Target says is equivalent to what […]
Walmart Reports Strongest Food Comp Jump In Five Years, GMV Up 69 Percent
Walmart reported today that it continued to gain traction in both food sales and its e-commerce business in its second quarter. Walmart U.S. traffic increased 1.3 percent and comparable-store sales grew 1.8 percent. It marks Walmart’s 12th consecutive quarter of positive comp sales. “The grocery business continued to improve as food categories delivered the strongest […]
Urban Grocery Study Reveals Growing Food Deserts, Significant Shift To Small-Format Stores
According to Mid-America Real Estate Corp.’s biennial Urban Grocery Study published this month, the Chicago grocery sector showed a net loss of nine stores from 2015-17, totaling a loss of 544,512 s.f. of operating or to-be-opened inventory. The average store size continued its downsizing trend as evidenced by the fact that the average size of closed stores over […]
Aldi Pilots Grocery Delivery With Instacart In Three Cities
Aldi is partnering with Instacart to pilot grocery delivery from its stores in Atlanta, Dallas and Los Angles. The new partnership allows customers to complete their grocery shopping by ordering Aldi products for delivery in as little as one hour. The service will launch in the three cities later this month, with potential for future expansion, […]
