Dollar General’s Q1 reports biggest same-store rise in yearsDollar General’s net income surged to $650 million, or $2.56 a share, in the quarter ended May 1, up from $385 million, or $1.48 a share, in the year-ago period. Giant Food names new presidentIra Kress has been appointed the new president of Giant Food, effective immediately. PLMA president Sharoff dies Brian Sharoff, who had been president of the Private Label Manufacturers Association since 1981, died May 23 after a brief illness at 77. Target’s Q1 beats expectations Target reported a 10.8% increase in first-quarter comparable sales as its digital sales steadily accelerated during the COVID-19 crisis. Meijer's Keyes to take over as NACDS chairman Keyes, who is president and CEO of Meijer, will take over the chairman role from Richard Ashworth, the outgoing president of Walgreens. Akorn files for bankruptcy Akorn said it will continue to operate as usual throughout the duration of the Chapter 11 and sale process, including meeting its contractual obligations and making payments to vendors. Sephora lays out guidelines for reopening select locations The Sephora Health & Hygiene Guidelines include 48 safety and employee procedures that will take effect when select stores begin to reopen on May 22. Target extending temporary hourly wage increase Target is extending the temporary hourly wage increase it enacted in response to the COVID-19 crisis to July 4. Kroger providing special $130M pay for associates Qualified full-time Kroger associates will receive $400, while part-time associates will be given $200, which will be paid out in two installments. Editor’s Note: Sharing our gratitude DSN editor in chief Seth Mendelson shares his gratitude for retail companies and employees working the frontlines during the COVID-19 pandemic. First Previous 91 92 93 94 95 Next Last
