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Supermarket/Grocery

  • CVS Health surpasses expectations once again

    With second-quarter net revenues up 7.4% to $37.2 billion, CVS Health shows no signs of slowing down.
  • Target is Target to CEO Brian Cornell

    Eliminating the multiple nameplates under which Target operates various store types is Chairman and CEO Brian Cornell’s latest move to simplify the retailer’s operations and identity.

  • No stopping Publix Super Markets

    Lakeland, Fla. -- Publix Super Markets is racking up another record year even as other grocers, including Whole Foods Market, are struggling under the weight of new competition.

    Publix reports that sales for the second quarter were $8 billion, a 6% increase from last year’s $7.5 billion. Same store sales for the second quarter increased 4.1%.

    Net earnings were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5%.

  • Nation’s largest operator of wholly owned grocery-anchored centers acquires Boston property

    Marshfield, Mass. -- Brixmor Property Group has acquired Webster Square, an 182,756-sq.-ft., grocery-anchored community center located on Boston’s South Shore. Cushman & Wakefield oversaw the transaction of the Star Market-anchored community shopping center on behalf of Curtis Management.

  • Ingles profit stays flat in Q3

    Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

    Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.

  • Fresh ideas for C-stores, more competition for grocers

    Produce? At a convenience store? It’s not as crazy as it sounds and the C-store industry’s trade group wants to help members make fresh moves the right way.

  • Whole Foods puts tech chief on exec team

    The importance of technology is highlighted in a promotion at Whole Foods Market.

  • Publix still has the winning recipe

    While Whole Foods and other food retailers struggle against increasingly stiff competition, Publix seems to be answering potential threats to its business with ease, if the company's second quarter results are any indication.

  • Whole Foods Market puts CIO on exec team

    Austin, Texas -- The importance of technology is highlighted in a promotion at Whole Foods Market.

    Whole Foods has promoted Jason Buechel from global VP to executive VP and CIO. As an executive VP, he is now a member of the executive management team at the company.

  • J. Crew’s Mercantile headed to Wisconsin

    Chicago -- J. Crew Group’s new value-priced store concept has announced a second location.

    Mercantile, which recently made its national debut at The Shops at Park Lane in Dallas, will open at The Mayfair Collection, in Wauwatosa, Wisconsin.
       

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