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A.T. Kearney study sees big opportunity for retailers in aging consumers
Chicago -- Meeting the needs of aging consumers offers retailers and brand marketers a major opportunity going forward, according to a new study by global management consulting firm A.T. Kearney.
Mature consumers form a worldwide market segment that spent $8 trillion in 2010 and will be spending $15 trillion annually by the end of this decade, the study estimated. Based on current worldwide demographic trajectories, in five years there will be more people over the age of 60 than under five; in 30 years, there will be more people over 60 than under 16. -
Safeway appoints chief medical officer
PLEASANTON, Calif. — Safeway has appointed Kent Bradley as its new chief medical officer.
In his new role, Bradley will be responsible for developing and guiding the company's extensive portfolio of health care programs including its employee and consumer wellness and prevention activities. Additionally, Bradley also will assist Safeway's Safeway Health subsidiary on a range of business initiatives, the company said. He will report to Safeway EVP and Safeway Health president Larree Renda.