Tuesday, June 27, 2017

Kroger executive refuses to believe everyone will get their groceries delivered

Image result for kroger
While the supermarket world is abuzz with the expansion of Amazon.com into the bricks-and-mortar world of grocery stores with its deal to buy Whole Foods, Kroger executives aren’t concerned and feel they’re in prime position to thrive.

That’s what Kroger CFO Mike Schlotman told analysts and investors Wednesday at the Oppenheimer Consumer Conference in Boston.. . . more

Lidl reveals more U.S. store openings; to build fourth DC

German discount grocer is expanding its presence and investment in the U.S. — on two fronts. 
On the heels of its first 10 stores opening in the U.S., Lidl is expanding with more locations. On July 13, the company will open two stores in Virginia (in Chesapeake and Culpeper) and two in North Carolina (Havelock and Wake Forest).
The new openings will give Lidl 14 doors in the United States. The company plans to expand that number to 100 within the year.. . . more

Sale of Eddie Bauer considered as retailer struggles with debt

Eddie Bauer’s smaller store in the Bellevue Square shopping center. (Johnny Andrews/The Seattle Times)The owners of Eddie Bauer, the Bellevue-based active outdoor apparel company, are reportedly exploring a sale of the company.

Seeking a buyer is among the alternatives being considered to deal with the company’s debt, according to a Reuters story citing unnamed sources familiar with the matter.. . . more

Skepticism persists around Walgreen-Rite Aid deal

Image result for walgreens and rite aidDespite recent optimism, multiple sources close to Walgreen remain skeptical about the odds for the drug chain’s $9.7 billion deal to buy Rite Aid.

The Federal Trade Commission is expected to vote Thursday on Walgreen’s controversial merger with its smaller rival, which would create America’s biggest drugstore chain.

Trade publication CTFN reported Monday that sources close to the talks believed the FTC would likely approve the deal.. . . more

Claire’s is ‘a complete train wreck’

After nearly six decades in American malls, Claire’s is facing an uphill battle to stay afloat. The retailer — which says it has pierced 94 million ears, more than any other company — has reported 11 consecutive quarters of declining sales and racked up more than $2 billion in debt, prompting speculation among analysts that it could be among the next to face big trouble.

So far this year, more than 300 retailers have filed for bankruptcy, including mall staples BCBG Max Azria, Rue21, Wet Seal and the Limited. Others, including Macy’s, Sears and Bebe have closed hundreds of stores. . . . more

How one local chain plans to compete against Amazon, Whole Foods

Image result for roche bros.There may be a few grocers in Massachusetts in denial about the upheaval that Amazon.com Inc. is poised to bring to their industry with its upcoming acquisition of Whole Foods. If so, Roche Bros. Inc. executive Paul McGillivray isn’t one of them.

“It creates competitive pressures throughout the supply chain,” said McGillivray, Roche’s vice president of sales and merchandising, of the deal. Roche, headquartered in Wellesley Hills, has 18 stores in the state, most of them in Greater Boston.. . . more