Walmart's size means that when the company raises hourly wages and improves benefits, it is essentially raising working conditions for entire areas and pushing other businesses to do the same, writes Oliver Staley. The wage increases have alarmed investors and come against a larger competitive war Walmart is fighting to maintain in-store sales while growing online.
Stop & Shop, Food Lion and Hannaford parent Ahold Delhaize will team with IRI to collect point-of-sale, supply chain and frequent shopper program data through IRI's Liquid Data platform. Through the deal, Ahold Delhaize will enhance its consumer insights and improve marketing and shopper targeting efforts.
Food retail veteran Jim Perkins has been put in charge of Albertsons' 125 Safeway stores in the banner's Eastern division, following Dan Valenzuela, who held the president position for a little more than a year, the company said. Perkins is the third executive in three years to oversee Safeway's stores in Virginia, D.C., Maryland, Delaware and Pennsylvania.
The Fresh Market's recent investments in prices haven't led to an increase in store traffic, and the retailer is expected to see same-store sales fall through the end of the year, according to an analysis by Moody's Investors Service. The Fresh Market faces steep competition following the Amazon-Whole Foods merger, and the retailer will take time to evaluate how shoppers respond to 46 store remodels before continuing with the effort, the analysis found.
Walgreens, based in Deerfield, Ill., will add about 20,000 square feet of space to its technology offices in Chicago, with plans to double its tech workforce to 600. The office opened seven years ago to house the pharmacy chain's e-commerce, social and mobile tech teams.
Target will open about 12 small-format urban stores this week in high-profile cities including Chicago, New York City, Philadelphia and Los Angeles. A store slated to open in the Uptown neighborhood of Minneapolis will offer goods and amenities aimed at young professionals, including organic groceries, workout wear and a Starbucks.
Three-quarters of online shoppers still buy their groceries in person most or all of the time, according to a Reuters/Ipsos poll. Still, US online grocery sales are on track to grow to $100 billion, or 20% of total grocery sales, by 2025, according to a forecast from FMI and Nielsen.
With the Northern California wildfires now mostly contained, vineyard owners are returning to their facilities to assess damage and determine what is salvageable from this year's harvest. Robert Michael Mondavi Jr. said that after reviewing the Michael Mondavi Family Estate's vineyard, it was determined that all of the fruit for this year's Animo cuvee vintage was completely lost.
Bert Beveridge borrowed $90,000 using credit cards to build his own vodka business in Texas, giving the product his nickname, "Tito." Now Tito's Handmade Vodka is a company valued at $2.5 billion, and Beveridge is the sole owner.
Beam Suntory is launching marketing campaigns for two of its brands, The Tyrconnell and Kilbeggan, in the hot category of Irish whiskey. The Tyrconnell is a higher-end single-malt whiskey, while Kilbeggan is a blended whiskey, so they cater to different tastes and shouldn't compete too much with each other, according to marketing agency Preacher.
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