Dollar Tree Names New Chief Supply Chain Officer

Dollar Tree, Inc. has announced the retirement of Chief Supply Chain Officer Mike Kindy, who joined the company in May 2023.

“From overseeing complex distribution networks to modernizing our supply chain strategy, his contributions have been instrumental in positioning our company for long-term success. We are grateful for Mike’s service and wish him all the best in his upcoming retirement,” said Mike Creedon, the company's Chief Executive Officer.

Kindy will be succeeded immediately by Roxanne Weng.

Weng brings over 30 years of experience in the retail industry...

Walmart Opens New Distribution Center in Florida

Walmart cut the ribbon on its newest distribution center. The facility is located at 1511 Zoo Parkway in Jacksonville, Florida. It will receive and process items for delivery to 18 Sam's Club locations across Florida, Georgia, South Carolina and 7 other clubs in Puerto Rico. It was will also store and sort imported goods for delivery to four distribution centers across the Southeast.

“Jacksonville is continuing to build its reputation as a logistics hub and the place to be to reach customers throughout the Southeast...

Kroger Appoints Key Retail Leaders

Kroger appointed Joe Kelley, president of the Colorado-based King Soopers & City Markets division, to be senior vice president of Retail Divisions. Kelley is an industry veteran of nearly 40 years. He has held a number of executive leadership roles across a variety of retailers, including Price Chopper, Stop and Shop, Star Market, and Shaws Supermarkets. Kelley joined the Kroger enterprise in 2019.

"Joe is a customer-centric leader who brings broad industry experience, with a strong track record of making stores great places to shop," said Ron Sargent, Chairman and...

Kroger Responds to Albertsons’ Lawsuit, Files Counterclaims

Kroger has announced that it has filed its formal answer and counterclaims in response to Albertsons' lawsuit, which was brought before the Delaware Court of Chancery following the termination of the proposed merger.

On December 11, 2024, Albertsons called off its bid to merge with Kroger after a two-year effort, subsequently filing a suit alleging breach of contract in connection with the collapse of the deal. 

Today, Kroger issued a statement revealing that it had filed its answer and counterclaims. The company asserts that while it was diligently working to secure regulatory...

DoorDash and Dollar General Expand SNAP/EBT Access to 16,000+ Stores

DoorDash and Dollar General announced a new offering to bring SNAP/EBT payment capabilities to more than 16,000 of Dollar General’s stores on the DoorDash Marketplace. With the addition of Dollar General, DoorDash’s network of stores that accept SNAP/EBT online payments on the DoorDash Marketplace nearly doubles to over 35,000 stores.

“Unlocking the ability for SNAP/EBT recipients to shop online and have groceries delivered straight to their door through DoorDash provides even more accessibility and convenience,” said Tony Rogers, SVP and...

Dollar General Corporation Reports Fourth Quarter and Fiscal Year Financial Results

Dollar General has reported financial results for the fourth quarter and the 2024 fiscal year.

“We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results,” said Todd Vasos, Dollar General’s chief executive officer. “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.”

The company reported net sales...

The Retail Rundown: Key Buying Occasions on the Horizon 

March presents key retail buying opportunities as spring holidays approach and Lent influences shopping and dining habits.

With Lent beginning today, meat sales typically decline as participants shift toward seafood. This week, seafood promotions rose to 28% of total retail features, up from 26% last week. Currently, 31% of seafood ads highlight fresh or frozen fillets, with options like salmon, cod, and catfish averaging $9.30 per pound on discount—nearly 9% higher than a year ago.

Elsewhere in the retail landscape, beef and pork each account for nearly 25% of featured promotions...

Publix Sees Solid Growth in Q4 and FY 2024 Results 

In its latest financial results, Publix has seen robust growth in quarterly and fiscal earnings.

For the fourth quarter of 2024, the company reported sales of $15.5 billion, reflecting a 5.5% increase compared to the same period in 2023.

Net earnings for the quarter totaled $1.1 billion.

For the full year, Publix achieved sales of $59.7 billion, a 4.6% increase over fiscal 2023.

Comparable store sales rose by 2.9% year-over-year.

Net earnings for the year amounted to...

Albertsons Appoints Susan Morris as CEO Successor, Reaffirms Fiscal 2024 Outlook

Albertsons Companies has announced a succession plan following the planned retirement of its CEO, Vivek Sankaran, effective May 1. The company has appointed Susan Morris to succeed Sankaran and join the Board of Directors.

Morris, a 40-year veteran of the company, brings extensive expertise and deep knowledge of the business. She has served as the company’s Executive Vice President and Chief Operating Officer since January 2018.

“I have worked closely with Vivek and the leadership team on our plans to accelerate growth and...

Teamsters Secure Tentative Agreement for Stop & Shop Workers

A week ago, negotiations broke out between union representatives supporting Stop & Shop workers and company officials.

The workers were pushing for better pay and improved working conditions, threatening to strike at the Freetown distribution center in Massachusetts, which employs over 900 people, if an agreement couldn't be reached.

However, the threat of a strike was averted after the Teamsters secured a six-year agreement with the company.

The new contract ensures the facility will remain open, strengthens worker benefits, and secures higher wages for employees...

Dollar Tree Appoints Three New Board Members

Dollar Tree, Inc. today announced that effective immediately, William (Bill) W. Douglas, III and Timothy (Tim) Johnson have been appointed to the Company’s Board of Directors. In addition, Chief Executive Officer Michael C. Creedon, Jr. has joined the Board.

“Bill and Tim are both esteemed financial leaders with a strong understanding of today’s competitive retail landscape,” said CEO Mike Creedon. “We look forward to their many contributions and support in driving long-term value for our associates, customers, and shareholders.”

Chairman of the Board Edward (Ned) J. Kelly, III stated...