Corporate Governance

Ebags is quickening the pace of its digital innovation by teaming up with Iterate Studio to create two new tech research labs.

Recognized by retailers as an early pioneer of drop-ship (1999), customer product reviews (1999), and A/B split testing (2000), eBags' goal is to pioneer game-changing services by embracing the new digital frontier which includes mobile services and the Internet of Things (IoT).

Dallas – 7-Eleven Inc. bases its value proposition on being a convenient way of purchasing food and CPG staples. But for consumers who are too time-strapped to even make a quick visit to their nearest 7-Eleven store, the retailer is offering a new omnichannel delivery service.

7-Eleven and omnichannel delivery provider DoorDash are partnering to provide on-demand delivery from participating 7-Eleven stores in New York, Los Angeles and Chicago, with delivery service following in Washington, D.C. and Boston in the coming months.

Greensboro, N.C. -- The Fresh Market named a veteran food retailer who once led Food Lion as its new president and CEO. The hiring follows the abrupt termination of the chain's former CEO and comes as the once high-flying chain has seen its sales stagnate.

Chesapeake, Va. -- Dollar Tree swung to a loss in its second quarter on higher integration costs related to its acquisition of a formal rival. But its revenue skyrocketed as a result of the merger.

On July 6, Dollar Tree completed its $9 billion acquisition of Family Dollar Inc.

Arlington, Va. – Regional southeastern grocery retailer K-VA-T Food Stores is staying in the money, and doing it remotely.

The operator of the Food City and Super Dollar banners has implemented vbInSight by Balance Innovations as its corporate reporting solution.

vbInSight is a Web-based corporate reporting application that provides K-VA-T with immediate access, via alerts, to individual and aggregate bookkeeper and cashier data.

Kroger already has a good relationship with shoppers, but the retailer is looking to elevate its brand even further by making a key hire in reputation management.

The Kroger Co. announced it has named Jessica C. Adelman to serve as Kroger's group vice president of corporate affairs, effective Nov. 1. 

Denver – Another company has joined the constantly expanding ranks of retailers who operate proprietary innovation labs.

Demonstrating that the appeal of innovation labs is moving beyond major chains, specialty online retailer eBags is teaming with Iterate Studio to jointly create a two-part innovation lab.

The acquisition of Family Dollar in the second quarter led Dollar Tree Inc. to report quarterly sales that were up more than 48% from a year ago.

For the second quarter ended Aug. 1, Dollar Tree reported sales of $3.01 billion, boosted by $811.6 million in sales from Family Dollar. Same store sales rose 2.7%. Dollar Tree reported income of $138.9 million. The retailer’s earnings were 67 cents.