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Kroger reshapes senior retail leadership with promotions and retirements
Yahoo Finance· 2026-01-14 10:49
Leadership Changes - Kroger has confirmed a series of senior leadership promotions and retirements across its US retail divisions [1] - Victor Smith has been promoted to senior vice-president of retail divisions, having joined the company in 1983 [1] - Monica Garnes has been appointed president of the Atlanta division, previously serving as president of the Fry's division since 2018 [2] - Ken DeLuca has been promoted to president of the Fry's division, having led the Michigan division since 2018 [2] - Tom Schwilke, president of the Ralphs division, is retiring and will be succeeded by Kendra Doyel [3] - Colleen Juergensen, president of the central division, is also retiring after 45 years with the company [4] Company Statements - Kroger chairman and CEO Ron Sargent expressed excitement over the promotions, highlighting the experience of the new leaders [5] - Sargent thanked retiring executives Colleen Juergensen and Tom Schwilke for their contributions to the company [6]
Grocery Outlet Holding Corp. Announces Chief Purchasing Officer Retirement
Globenewswire· 2026-01-13 21:05
EVP Matt Delly to Lead Purchasing and Merchandising FunctionsEMERYVILLE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”) today announced that Steve Wilson, EVP and Chief Purchasing Officer, will retire effective March 20, 2026, after 31 years of service. Industry veteran Matt Delly, who joined Grocery Outlet last year as Chief Merchandising Officer, will assume leadership over the Company’s purchasing and merchandising functions as its ...
Quicklly Achieves a Major Nationwide Milestone with Landmark Costco and Aldi launch
Accessnewswire· 2026-01-13 15:00
A nationwide retail moment that redefines how Indian food shows up in American kitchens CHICAGO, ILLINOIS / ACCESS Newswire / January 13, 2026 / Quicklly, the leading Indian online marketplace in the United States, today announced its launch of Just by Quicklly ready-to-heat Indian Meals at leading global retailers, Costco and ALDI. This milestone marks a major step in making authentic, restaurant-quality Indian cuisine more accessible to mainstream American shoppers. ...
Grocery Outlet Enters Sixteenth State with Store Opening in Virginia
Globenewswire· 2026-01-12 14:00
The Leader in Xtreme Value™ Expands its East Coast Footprint, Underscoring National Growth StrategyEMERYVILLE, Calif., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, today announced the upcoming opening of its store in Falls Church, Virginia. This store opening, slated for Feb. 12, 2026, will mark Grocery Outlet’s official entrance into V ...
Independent grocer shares 5 key AI strategies
Yahoo Finance· 2026-01-12 09:42
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Artificial intelligence poses a vast number of potential use cases for food retailers, and independent grocers have a limited ability to capitalize on them.  But one Utah supermarket chain feels confident that it’s found a winning strategy that’s replicable for other retailers.  Harmons Grocery CIO Bruce Hatch shared at a session at Groceryshop this past October wha ...
Wing to expand drone delivery to another 150 Walmart stores
Yahoo Finance· 2026-01-11 15:00
Core Insights - Wing, owned by Alphabet, is expanding its partnership with Walmart to enhance its drone delivery service, indicating strong customer demand for the service [1][2][3] Expansion Plans - The partnership will extend the on-demand drone delivery service to an additional 150 Walmart stores, building on existing services in Dallas-Fort Worth and Atlanta, with a rollout planned through 2027 [2][4] - Following previous announcements, Wing will also launch in Houston on January 15, 2025, and will eventually operate from over 270 Walmart stores, serving approximately 10% of the U.S. population [4][6] Customer Engagement - Wing's top 25% of customers utilize the drone delivery service three times a week, with popular items including eggs, ground beef, fresh tomatoes, avocados, limes, lunchables, and snacks [3][4] Commercial Operations - The expansion solidifies Wing's position in the commercial sector, primarily through its partnership with Walmart, despite having a secondary partnership with DoorDash [5][6] - The initial pilot program in 2023 tested the service at two stores, reaching around 60,000 homes, and has since expanded to 18 Walmart Supercenters [6] Technology and Operations - Wing is focused on evolving its technology and operations, recently completing commercial flights for larger aircraft capable of carrying a five-pound payload [7] - The company plans to scale operations by clustering store openings, similar to its strategy in Atlanta last year [8] Business Strategy - The emphasis on scaling to numerous stores in various markets is critical for Wing's business economics, as highlighted by the new chief business officer [9]
Kroger Scales Generative AI Strategy with Google Cloud to Drive Digital Growth and Personalization
Prnewswire· 2026-01-11 15:00
Core Insights - Kroger is expanding its partnership with Google Cloud to implement the Gemini Enterprise for Customer Experience (CX) platform, aiming to enhance customer shopping experiences through advanced technology [1][2] Group 1: Customer Experience Transformation - The rollout of Gemini Enterprise for CX will include an integrated Meal assistant and Shopping assistant, designed to simplify grocery planning and shopping while catering to individual customer preferences [2] - The Customer Experience Agent Studio will be utilized to analyze customer interactions, allowing Kroger to proactively address issues and improve associate productivity, thereby delivering a more seamless shopping experience [3] Group 2: Features of the Shopping Assistant - The Shopping assistant will streamline complex tasks, enabling customers to complete their shopping with minimal input, incorporating AI-enabled features for enhanced efficiency [6] - It will provide an "inspiration-to-cart" flow, allowing customers to convert requests into guided recipes with a single click, thus simplifying the shopping process [7] - Recommendations will be based on Kroger's proprietary data, ensuring that suggestions are relevant and actionable, enhancing the overall shopping experience for families [7]
J Sainsbury plc (JSAIY) Q3 2026 Sales/Trading Call Transcript
Seeking Alpha· 2026-01-09 17:14
Core Viewpoint - The company reported a strong trading performance for the third quarter, attributing success to teamwork and effective execution during the holiday season [1]. Group 1: Trading Performance - The trading statement covers a period of 16 weeks ending January 3, indicating a significant focus on holiday performance [2]. - The CEO highlighted that the quarter 3 performance was the best Christmas execution seen in his 9 years at the company [1]. Group 2: Team Effort - The strong performance was credited to the collective efforts of colleagues, suppliers, and farmers, emphasizing the importance of teamwork in achieving business goals [1].
Albertsons Companies Inc. (NYSE:ACI) Stock Update: Analyst Ratings and Market Conditions
Financial Modeling Prep· 2026-01-08 21:05
Core Viewpoint - Albertsons Companies Inc. is experiencing a decline in stock price, but there is a positive sentiment among analysts regarding potential earnings growth, which may lead to a trend reversal in the future [1][3][4]. Group 1: Stock Performance - The stock price of Albertsons is currently $16.38, reflecting a slight increase of 1.80% or $0.29, after a decline of 5.7% over the past four weeks [2][5]. - The stock has fluctuated between $15.95 and $16.68 during the trading day, indicating volatility [2]. - Over the past year, the stock reached a high of $23.20 and a low of $15.80, showcasing significant price movement [3]. Group 2: Analyst Ratings and Market Sentiment - Telsey Advisory maintains an "Outperform" rating for Albertsons, with a revised price target adjusted from $24 to $22 [1][5]. - There is a strong consensus among Wall Street analysts to raise earnings estimates for Albertsons, suggesting a potential trend reversal for the stock [3][4]. - The current market conditions and analyst sentiment indicate potential opportunities for investors, particularly due to the stock's oversold status [4]. Group 3: Company Overview - Albertsons is a leading grocery retailer in the United States, offering a wide range of products including groceries, pharmacy services, and fuel [1]. - The company competes with major grocery chains such as Kroger and Walmart [1]. - Albertsons has a market capitalization of approximately $9 billion, with a trading volume of 3,323,899 shares on the NYSE [3].
SFM Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds Sprouts Farmers Market, Inc. (SFM) Shareholders of Securities Fraud Class Action Lawsuit Deadline
Globenewswire· 2026-01-07 23:08
Core Viewpoint - A securities class action lawsuit has been filed against Sprouts Farmers Market, Inc. for allegedly making false and misleading statements regarding its financial health and growth prospects during a specified class period [1][2]. Group 1: Allegations Against Sprouts - The lawsuit claims that Sprouts' reports of growth and stability were overly optimistic and did not reflect the reality of macroeconomic conditions [2]. - It is alleged that Sprouts' consumer base was not as resilient as claimed, leading to reduced spending [2]. - The company reportedly overstated its ability to meet growth projections, which were not supported by actual performance [2]. Group 2: Legal Process and Participation - Investors who suffered losses can seek to be appointed as lead plaintiffs by January 26, 2026, or remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [3]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is a prominent law firm specializing in securities-fraud class actions and has a history of significant recoveries in securities litigation [4]. - The firm has received multiple accolades for its work in the field, indicating a strong reputation within the legal community [4].