Kroger Struggles With Online Grocery Upheaval by Heather Haddon at Wall Street Journal. “You are in Cincinnati. You are a conservative bunch of people,” said Bill Smead, chief executive of Smead Capital Management and a Kroger investor. “Does anyone’s blood pulse through their veins with an entrepreneurial bent?” WSJ subs.
Bed Bath & Beyond refreshes board, co-founders step down at Reuters. “Bed Bath & Beyond said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors…” Read more
Stop & Shop supermarket workers and company officials reached a tentative contract agreement Sunday at NY Post. “…includes wage increases for all associates and maintains health coverage, according to news releases from both parties…subject to ratification votes by members of each of the union locals.” Read more
Kraft Heinz names Anheuser-Busch executive as new CEO at CNBC. “CEO Hees will be replaced by Miguel Patricio, who worked for two decades at beer giant Anheuser-Busch InBev, including as chief marketing officer from 2012 through last year.” Read more
Target caters to shoppers looking for ‘clean’ products with new brand by Lauren Thomas at CNBC. “…all of the items — be it the cleaning wipes, the dish soap or an all-purpose cleaner — are either biobased, meaning they’re derived from plants and other renewable agricultural, marine and forestry materials. Or they’re made from recycled materials and natural fibers, according to the company.” Read more
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Danish retail billionaire loses 3 children in Sri Lanka attacks at CNN. “Three children of retail billionaire Anders Holch Povlsen were killed in the attacks in Sri Lanka on Sunday…The Danish entrepreneur owns clothing company Bestseller, which is the biggest shareholder in British fashion retailer Asos with a stake of over 26%. He also owns a 10% stake in German online retailer Zalando.” Read more
Chicago: Kroger companies join Old Main Post Office growing tenant list by Danny Ecker at Crain’s Chicago Business. “Kroger, meal-kit maker Home Chef is relocating by the end of this year to the 2.8 million-square-foot building at 433 W. Van Buren St…Neighboring Home Chef on the building’s sixth floor will be 84.51, which provides data analytics services…” Tiered subs.
HBR: 4 Questions Retailers Need to Ask About Augmented Reality “Where does this belong on our technology backlog? Let’s face it: The technology systems of most retailers are dreadful. As a result, they become the choking points for almost every important innovation that retailers need to succeed. Yet the number of projects heaped onto this creaking infrastructure is growing fast.” Tiered subs.
Walmart is testing LED-projected floor ads in Bentonville store by Kim Souza at Talk Business. “The signs draw attention to special price rollbacks or everyday low prices of specific toys such as Hot Wheels and Nerf products, with the prices highlighted on the floor ad. The projectors are mounted in the ceiling above the aisles.” Pic/Read more
HappyFresh raises $20M for its online grocery service in Southeast Asia by Jon Russell at TechCrunch. Read more
Report: Bottled water made by Whole Foods has unsafe amounts of arsenic by Ryan Felton at Consumer Reports. “Whole Foods’ internal testing showed results that were just under the federal limit but still at levels that pose risks if regularly consumed, according to growing research and independent experts, including Consumer Reports’ scientists.” Read more
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