Target CEO Brian Cornell said Wednesday he was disappointed with comp-store declines in food during the second quarter, and said the mass merchant would “revisit” presentation, assortment and promotion during the second half of the year with eyes on improving its competitive position in an increasingly feisty battleground.
In another sign of increasing competition in the Southeast U.S., Aldi on Tuesday announced plans to establish a new distribution center and regional headquarters in Dinwiddie County, Va., near Richmond.
Citing what officials called a "difficult retail environment" Target Corp. on Wednesday reported a 1.1% comparable-store sales decline in the fiscal second quarter and lowered its comp guidance for the second half of the year.
H-E-B confirmed Tuesday that it has a deal in place to acquire six Dallas-area supermarket sites from Sun Fresh Market, but stopped well short of saying it meant the state's largest grocer would necessarily be bringing its flagship brand to its largest metro area.
Wal-Mart Stores has confirmed that it has expanded a program of everyday price investments that began in select markets in June, a move that could accelerate what appears to be an industrywide trend toward heightening price competition as deflationary conditions continue.
Supervalu and The Fresh Market said Monday they have reached a long-term supply agreement for Supervalu to serve as a grocery wholesaler and distributor to the Greensboro, N.C.-based specialty food retailer.
As he prepares Supervalu for the imminent separation of its lucrative Save-A-Lot retail business, CEO Mark Gross is confident in remaking the remaining company as “the wholesaler of choice” for the rest of the food retail world.
The design firm hired to create a visual identity for the newly wedded Ahold and Delhaize sought to incorporate the heritage of the two 100-plus year-old brands in a "joyful, friendly and welcoming" expression intended for internal employees as much as external audiences.
Wal-Mart Stores on Monday announced a deal to acquire the fast-growing e-commerce startup Jet.com for $3.3 billion in cash and stock, heralding the move as "another jolt of entrepreneurial spirit being injected into Walmart.”