Retailers

The latest news and analysis of U.S. grocerymass, drug, discount and club retailers, including financial, executive leadership and mergers and acquisitions

Retailers

Big Y Express Fresh Market set to open next week

The small-format store in downtown Springfield, Massachusetts, will be the New England grocer’s fifth retail banner.

Retailers

Costco Wholesale sees slowing sales momentum in Q3

Online sales decrease for third consecutive quarter, while net earnings dip year over year.

Increased theft and the ongoing mix shift to lower-margin food and beverages are negatively affecting the discounter’s bottom line, the parent of Dollar Tree and Family Dollar reported.

Aisle 1: Shrink dominated quarterly earnings discussions for Dollar Tree, Target, Walmart and others. But solutions are hard to come by, writes WGB Editor-in-Chief Heather Lalley.

The discount grocer will open three new locations on Thursday, as it seeks to add 120 new stores to its roster this year.

Steve Deckard, who led the discounter’s recent expansion into Mexico, has been promoted to the new post as EVP of growth and emerging markets.

Same-store sales grew 5.7% at the membership club from a year ago, with membership fee income up more than 6%.

Upgraded loyalty plan to bring more personalization, more ways to earn and redeem points on food and pharmacy purchases, and a co-branded RBC credit card.

End of Emergency Allotments brings loyalty opportunity to retailers that better meet the needs of food insecure shoppers, a new dunnhumby study finds.

Kessler, who joined the wholesale club in 2017, will leave his post on Friday.

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