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Supermarket/Grocery

  • Supermarket giant cuts guidance on falling food prices

    Kroger Co. posted second quarter earnings that topped expectations but the chain cut its guidance for the year citing ongoing price deflation.

    "If you look at the price of milk, eggs and commodities like that, they're historically low. Meat continues to be deflationary and produce is on a deflationary trend," Kroger CFO Michael Schlotman said on CNBC on Friday.

  • Jo-Ann Stores names Fred’s, Walgreens vet to new exec role

    Jo-Ann Fabric and Craft Stores has appointed Bryan Pugh to the newly created position of executive VP, stores and store operations. He will lead financial, operational and cultural leadership of Jo-Ann Stores.
        
    Pugh joins Jo-Ann from Fred’s Pharmacy & Super Dollar where he served as executive VP, chief merchandising and marketing officer. His experience also includes serving as senior VP, chief merchandising officer at Walgreen Co. in addition to several roles of increasing responsibility at Tesco.
     

  • United Supermarkets makes sure ‘cash is king’ with new solution

    Digital payment volume may be growing industry-wide, but there is still plenty of currency filtering through retail stores.  

  • Kimco announces $265 million in deals

    Kimco Realty Corp. has purchased the remaining 85% interest in a four-property joint venture portfolio, a deal that includes the assumption of $103 million in mortgage debt. The company also announced it had acquired a Whole Foods-anchored center in the D.C. area for $95 million.  

  • Target caters to the college crowd

    Students at Boston University have a new, convenient shopping option.   Target Corp. has opened one of its smaller format stores adjacent to the West Campus section of the university, reported BU Today. Similar stores are set to open in the coming months near the University of Chicago and at Penn State.   The 16,000-sq.-ft. Boston store carries merchandise specifically geared toward college students, from food staples like ramen noodles to bedding and bath essentials.  

  • Whole Foods taps former Walmart exec to head up marketing

    Photo: Sonya Gafsi Oblisk    Whole Foods Market named the former VP of marketing for Walmart’s Sam’s Club division as global VP of marketing.  

  • U.K. supermarket giant expands self-scanning service

    Tesco wants to help its customers check out faster.   The retailer has expanded its “Scan as you Shop” self-scanning program to 20 new locations — a move that makes the service available in a total of 350 stores.  

  • Meijer launching home delivery service

    Meijer is jumping into the increasingly crowded food delivery arena.    In a move to deliver even more convenience to its time-starved shoppers, the Michigan-based retailer launching an app-based grocery delivery service in Detroit and southeastern Michigan.  
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