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MMR's articles

  1. Department: Food
WASHINGTON – To kick off the 2024 Annual Meat Conference, the Meat Institute and FMI – The Food Industry Association announced 10 winners for the 2024 Leaders of Tomorrow Program. The winners are: Kaylee Russell, Tyson Foods; Michael Yeater, Albertsons Companies; Tammy Gonzales, Cargill; Mike Van Drie, SpartanNash Co.; Nicole Koch, Seaboard Foods; Liz Holt Welnhofer, Pre Brands; Hillary Niblock, Superior Farms; Marie-Pier Labarre, Cascades; Zachary Stadler, Associated Wholesale […]
  1. Data & Insights
LAS VEGAS – Epsilon, a global advertising and marketing technology company, today announced the launch of the next generation of its retail media platform. Epsilon Retail Media applies artificial intelligence and person-first identity in the ad server, unlocking opportunities to drive stronger outcomes with shoppers on retailers’ properties, across the open web or in tandem. […]
  1. Shopper & Customer
CHICAGO – Circana on Monday announced the leading companies in its latest Growth Leaders rankings. The firm analyzed the growth performance of hundreds of public and private consumer packaged goods (CPG) companies ranging from $100 million to $60 billion in annual sales to develop the rankings. Circana will highlight the drivers of success for these […]
  1. Trends & External Forces
WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dietary supplements. Passed by the New York legislature and signed […]
  1. Department: HBC
WASHINGTON — Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible. Wyden and Crapo, the chairman and ranking member of the Senate Finance Committee, […]
  1. Channel: Dollar/Value
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire. […]
  1. Department: HBC
WASHINGTON – More than 300 pharmacists, other pharmacy representatives, student pharmacists and faculty, state association allies and others — representing all 50 states — will convene in Washington, D.C., March 13-14, for the National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. The pharmacy advocates will urge Members of Congress to act […]
  1. Corporate Strategy
WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3% […]
  1. Trends & External Forces
WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications. The two proposals expand on actions taken in the 2022 Inflation […]
  1. Owned Brands (Private Label)
CHICAGO—Private brands have experienced growth in the face of inflation, according to a new report from Circana, with sales surpassing $217 billion. The report, “CPG Private Brands Update,” provides an update on the store brand landscape, and identifies retailer opportunities to increase demand for their own brand and private brand offerings. “Private brands are increasingly […]
  1. Channel: Club
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company […]
  1. Corporate Finance
CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The […]