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SN Top 10: Rite Aid, Walmart, Harris Teeter top the week’s headlines
June 17, 2024
10 Slides
In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid CEO’s $20M salary causes ire among lenders. Despite Rite Aid Corp. declaring bankruptcy in October, CEO Jeffrey Stein is set to receive a $20 million payout. And the retailer’s main lenders aren’t happy about it, according to reporting from Bloomberg.
More top stories:
Walmart will change over to digital shelf labels
Harris Teeter to open new South Carolina location
5 things: The rise of the Asian grocer
Thousands of Kroger-owned Food 4 Less workers could strike
In other news, despite aggressive membership promotions by Instacart and Walmart that drove an increase in monthly active users, online grocery sales slid 0.4% in May relative to a year ago, to $6.8 billion, according to the latest Brick Meets Click/Mercatus Grocery Shopper Survey.
The decline was driven by a 6% decline in pickup order frequency combined with a slight decline in average order value. The overall monthly active user (MAU) base for pickup was up more than 3% on a year-over-year basis in May 2024 vs. a year ago, however.
Other top stories:
Suppliers tell Canadian grocers that price hikes are on the way
New Austin grocery, Radius Butcher & Grocery, will focus on Texas-grown perishables
Some 61% of electric vehicle owners more likely to shop at retailers with charging stations
Take a look inside: H-E-B opens first Joe V’s in Dallas
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