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Supermarket/Grocery

  • Report: Safeway takes bids for shopping center development business

  • Walgreens and Rite Aid looking good in June

    June was a good month for two of the nation’s largest drugstore operators. Walgreens reported sales of $6.3 billion for the month, an increase of 8.9% as compared to the same month in fiscal 2013, while Rite Aid realized a 3.9% same-store sales increase for the four weeks ended June 28.

    Total front-end sales at Walgreens increased 1.8% in June compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.3%. Customer traffic in comparable stores decreased 2% while basket size increased 3.3%.
     

  • Mid-America secures retail leases in Chicago’s southwest suburbs

    Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.     

    Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.

  • Survey: Retail shrink translates into $57 billion loss; cash theft jumps 20%

    New York -- Shrinkage levels average 1.27% of sales, which translates to a $57 billion loss to the industry, according to the U.S. Retail Fraud Survey, which is based on research into the systems and strategies used by 100 leading North American retailers.

  • Delivery outsourcer Deliv hires Amazon exec

    Palo Alto, Caif. - Same-day delivery start-up Deliv has appointed Jeff Helms as head of delivery operations. The former senior Amazon leader joins the crowdsourced, same-day delivery provider as it plans for rapid expansion across the country.

  • 2014 Summer Outlook: Heat, high winds and hurricanes

    By Kevin Smith, VP of onshore corporate services for ImpactWeather

    According to Forrester Research, weather is the leading cause of business disruptions1. From commodity demands and supply chain interruptions to community assistance, retailers know the power that severe weather has over their economic profits and losses.

  • Kroger accelerates e-commerce channel growth with acquisition

    Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

    According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

  • Roundy’s closes Minnesota DC, cuts 196 jobs

    Milwaukee – Roundy’s Supermarkets Inc. is closing its distribution center in Stevens Point, Minnesota. The closure, expected to take place by Sept. 30, will eliminate 196 jobs.

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