Kroger’s first quarterly results that included Harris Teeter stores indicated the acquisition was going every bit as well as expected, with the Southeast banner providing an added sales boost as well as potential for what officials called “aggressive” new growth.
Kroger on Wednesday said it would withdraw from two multiemployer pension funds in a move it said would provide greater stability and potential future benefits for associates and reduce its administrative costs.
Wal-Mart Stores will open more small stores than big stores in the U.S. this year, underscoring not only that more convenient concepts like Neighborhood Markets are outperforming their larger sibling Supercenters, but a concurrent companywide effort to use digital technologies to make those small stores behave like large stores when shoppers want them to.
Executives of Wal-Mart Stores on Wednesday highlighted efforts to integrate virtual and physical shopping, ranging from store circulars to shelving to checkout lanes and delivery trucks reinvented behind new technical capabilities.
Fairway Market’s new store in Lake Grove, N.Y., will debut a new store layout designed to improve labor productivity along with new signage to help introduce the urban specialty store to what would be its most suburban audience.