Mass Merchant

Michael Reed has been promoted to VP real estate for Stater Bros. Markets.

Reed joined Stater Bros. in 2014 as senior director of real estate, a position he held until his recent promotion. He will report to president and CEO Pete Van Helden.

Prior to Stater Bros., Reed served as real estate store development manager for Starbucks where he was responsible for growing the company’s Mid-West and Western Mountain regions.

Stater Bros. operates 168 supermarkets in California.

Buoyed by strong holiday sales, Express reported impressive results for its fourth quarter as the company’s turnaround remained on track. The chain issued an upbeat earnings forecast for the full year.

The specialty retailer reported better-than-expected net income of $56.1 million, or 67 cents per share compared to $41.8 million, or 49 cents per share, in the year-ago period.

The number of retail industry innovators on the agenda for Shoptalk now exceeds 230 and organizers of the event slated for mid-May aren’t done yet.

Photo: Greg Foran, Walmart U.S. president and CEO

When it comes to the customer experience, one retail segment stands out above all others.

Supermarket chains took 13 out of the top 20 spots in the sixth annual Temkin Experience Ratings, with regional grocers Publix and H-E-B earning the highest overall scores. Other supermarket chains in the top 20 were Save-a-Lot, Kroger, Wegmans, Aldi, Food Lion, Shop Rite, Giant Eagle, Trader Joe’s, Wawa (classified as a supermarket by Temkin), Winn-Dixie and Hy-Vee.

When it comes to redeeming their holiday gift cards, consumers overwhelming prefer brick-and-mortar stores.

According to a survey by the International Council of Shopping Centers, 77% of consumers who received gift cards planned to redeem them in a physical store.

Aldi now has three co-presidents overseeing its rapidly expanding U.S. business following the promotion of Brent Laubaugh.

Laughbaugh, a 20 year veteran of the company, currently serves as VP of the Aldi division based in the Pittsburgh suburb of Saxonburgh, was named co-president of Aldi U.S. In that capacity, he joins David Behm and Chuck Youngstrom who will continue in their roles as co-presidents. All three report to Aldi CEO Jason Hart.

A Tesla board member and Walgreens supply chain executive are the newest members of the board of directors at Advance Auto Parts.

One of the nation’s leading automotive retailers, Advance Auto Parts named Brad W. Buss and Reuben E. Slone to its board. Both men bring interesting perspectives to the operator of nearly 5,200 stores.