Edit

Jon Springer

Executive Editor

Articles by
Jon Springer

Page 50
Retailers

Retailers Remain Cautious as Inflation Continues

While food inflation continued to rise in November, retailers are passing along increases to consumers cautiously.

Retailers

WGB Exclusive: Lidl Pursuing Smaller Sites

German hard discounter Lidl says smaller stores will accelerate expansion while pausing its prototype rollout in some markets.

Ingles Markets’ comparable store sales in its fiscal fourth quarter increased by a robust 3.6% behind increases in store traffic and higher average ticket, and aided by incremental sales triggered by hurricanes affecting its Southeast markets.

Led by soaring volumes from the Amazon-Whole Foods honeymoon, natural products distributor United Natural Foods Inc. saw stronger-than-expected sales in its fiscal first quarter.

Encouraged by better-than-expected sales and earnings results in its fiscal third quarter, Dollar General said it would build 900 new stores in fiscal 2018, and remodel another 1,000.

The ShopRite operator expects negative to flat comps in fiscal 2018.

Landlords argued for creative spaces at the International Council of Shopping Centers in New York.

Blue Apron Holdings CFO Brad Dickerson is succeeding co-founder Matt Salzberg as its president and CEO.

Wakefern Food Corp.’s PriceRite division, under the leadership of its new president Jim Dorey, has unveiled a new look and revamped selection that it intends to replicate over all 65 of its stores over the next year.

The Kroger Co.’s third-quarter sales and earnings exceeded expectations, with officials framing the performance as a promising start for the newly launched Restock initiative.

The investment fund has proposed the candidates to join the retailer’s board of directors at its 2018 annual meeting of shareholders in February.

The Tewksbury, Mass.-based operator of Market Basket stores in New England quietly launched a website, as well as corporate Twitter, Facebook and Instagram accounts late last month.

  • Page 50