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RETAIL NEWS

  • A global look at an ever-changing market

    There’s a global race right now to become the global drug chain leader. It brings three very different things together: the board game Risk, an iceberg and a Bob Dylan song. I’ll explain.

  • Back-to-school season brings new services, tools to Walmart

    BENTONVILLE, Ark. — Walmart is making it easier for parents to stay on their game during this year's back-to-school shopping season.

    According to Deloitte, this year's season is expected to be a strong one and start early. Walmart is rolling out new services to help shoppers easily find what they are looking for — in stores and online.

  • Target gets unexpected sales boost

    MINNEAPOLIS — Target on Thursday surprised the industry and investors with some good news.
     
    The discounter updated its guidance and said that as a result of improved traffic and sales trends through the first two months of the quarter, it expects to report a modest increase in its second quarter same-store sales. Target previously said it expected a decline. 
     

  • Back-to-school shoppers starting early, shifting to mass

    NEW YORK — Retailers who wait until late summer this year to launch back-to-school deals are only hurting themselves, because early shoppers will spend more than late starters. 
     
    That's according to Deloitte's "2017 Back-to-School Survey," which also detected a big shift in where back-to-school will be shopping this year. One thing that hasn't changed: In-store still prevails. 
     

  • Walmart’s tech incubator holds virtual commerce contest

    BENTONVILLE, Ark. — Walmart’s technology incubator — called Store No. 8 — is on the hunt for cutting edge virtual reality (VR) solutions.

    In an effort to uncover new VR applications — and innovative ways to apply the technology to commerce — Walmart’s Store No. 8 is partnering with Thrive Global and Accenture to create a nationwide competition for developers. Called Innov8: V-commerce, the contest invites start-up companies to submit ideas that have the potential to change the way people shop and live, according to Walmart.

  • Kroger taps ALDI executive to lead discount grocery division

    CINCINNATI — Kroger on Wednesday named Liz Ferneding to Ruler division president, effective July 31. Ferneding succeeds Paul Bowen, who retired in May.

    "Liz's extensive grocery retail experience in procurement, marketing, advertising, management and operations will be an asset to our Ruler associates, customers and community," stated Rodney McMullen, Kroger chairman and CEO. "We have a lot of respect for the Ruler format and the customer it serves. Liz's talent and insights will help us sharpen our value-centric, small-format store."

  • Bartell Drugs adds 3 board members

    SEATTLE — Bartell Drugs has announced three the addition of three new members to its board of directors. The new additions — Kathy Gersch, Marck Schwartz and Kristi Marchbanks — have experience with online and brick-and-mortar retail, as well as work on other companies’ boards.

  • VUMC to operate 14 Tennessee retail clinics within Walgreens

    NASHVILLE, Tenn. — Walgreens and Vanderbilt University Medical Center on Wednesday announced that a subsidiary of VUMC will operate and provide all clinical services at 14 retail health clinics within Walgreens stores across middle Tennessee.

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