Business
Perrigo CEO Murray Kessler To Retire
This week private brand manufacturer Perrigo announced that Murray S. Kessler has notified the Company of his intent to retire as President and Chief Executive Officer, with a target effective date of July 31, 2023. Mr. Kessler will work with the Board of Directors to secure his successor and ensure a smooth transition. Murray S. Kessler said, "After 18 years as a public company CEO, I have decided that this is the right time for me to retire. I joined Perrigo almost 5 years ago to lead the transformation of the Company from a healthcare to a consumer self-care company. Leading that
Meijer Seeks Global Partners for Frederik’s by Meijer
Meijer is seeking unique, elevated food products from food manufacturers across the globe to expand its Frederik's by Meijer line of premium and innovative Retailer=owned Brand (private brand) food in its more than 260 supercenters and grocery stores across Michigan, Ohio, Indiana, Illinois, Kentucky, and Wisconsin. Prospective vendors interested in partnering with Meijer to offer their retail-ready products as part of the retailer's premium quality food brand should submit their interest here. By submitting information into the RangeMe system, vendors are making their products available for Meijer merchants to consider throughout the year. Despite only launching the Frederik's by Meijer brand in October 2021, it has become a
Seven & i Holdings’ Outlines Advantages of “Food-Focused” Strategy
Seven & i Holdings' Board of Directors today issued the following letter to shareholders outlining the competitive advantages of its "food-focused" strategy and investments in its convenience store business ("CVS"). It also reiterated its commitment to capital re-allocation and ongoing portfolio optimization undertaken in the right way and at the right time. Dear Seven & i Shareholders, Your company is in the midst of a significant business transformation designed to build on its unique competitive strengths, led by a committed and newly strengthened and aligned Board and management and overseen by a Strategy Committee comprised solely of independent outside directors. Most
Fast Company names Michael Graves Design For All at CVS a finalist in its 2023 World Changing Ideas Awards
Michael Graves Design X CVS Health Home Healthcare private brand range has been selected in the Art and Design category as part of Fast Company’s 2023 World Changing Ideas Awards. Fast Company’s annual World Changing Ideas Awards honor the businesses and organizations that are developing creative solutions to the most pressing issues of our time. The 45 winners and hundreds of honorees were selected by Fast Company editors and reporters; they represent the kind of innovation and ingenuity necessary to make the world more accessible, equitable, and sustainable for everyone. The 2023 World Changing Ideas Awards seek to honor projects that are playing an important role
Kroger & Albertsons CEOs Try to Clear Things Up
Rodney McMullen of The Kroger Co. and Vivek Sankaran of Albertsons Cos., Inc. shared a jointly-penned opinion letter to the editors of the daily newspaper Cincinnati Enquirer. In the April 28th letter, the retail executives attempted to combat misconceptions about the proposed merger of the retailers. Kroger and Albertsons were created with their founders’ life savings and a commitment to bringing fresh food to their neighbors. Today, our companies remain grounded in serving customers. Our collective grocery retail experience teaches us that customers’ needs are always changing. It’s our responsibility to anticipate those changes and provide what’s most important
SpartanNash Invests in Higher Education with Launch of Our Family Scholarship Program
Late last week SpartanNash announced its new Our Family 2023 Scholarship Program to support students making a positive difference in their communities. Developed in 1904, Our Family is the retailer's flagship Retail-owned Brand. Fans of the brand who live in one of the states the company serves are eligible to apply for a financial award for undergraduate, graduate, or vocational education. "Rooted in the neighborhoods we serve, we are proud to recognize student leaders who are inspiring community engagement through volunteering or other acts of kindness," said SpartanNash Senior Vice President and Chief Marketing Officer Amy McClellan. "Supporting students in
Steel Sharpens Steel – Meet Luke Rauch, Walgreens Chief Merchandising Officer
Luke Rauch was 19 years old and putting in another eight-hour graveyard shift in a steel mill, swinging a sledgehammer in sweltering temperatures to pound molten metal. It wasn’t a typical—or easy—job for a college student on summer break, but for Rauch it was a life-changing one because the steel ended up shaping him as much as he shaped the steel. Fast forward 25 years and Rauch no longer hammers steel. Now, he is senior vice president and chief merchandising officer at Walgreens in charge of the retailer’s merchandising strategy. The lessons learned during that long, hot summer at the
John Lewis supercharges kids fashion plans
UK retaielr John Lewis has announced an expansion of its children’s fashion business, as it looks to significantly grow its share of the UK market. Their new collection features over 2,100 more lines, including theirfirst ever Retailer-owned Brand (private brand) ‘tween’ collection for 7-12 years olds, alongside 10 new fashion brands for Spring 23. According to Mintel, the kids’ clothing market will be worth £7.3bn by 2027 - up from £6.8bn in 2022. While John Lewis currently holds a 16% share of the UK nursery market - selling one in three (34%) of all strollers in the UK -
Loblaw Appoints New President & CEO Per Bank
George Weston Limited and Loblaw Companies Limited jointly announced this week the appointment of Mr. Per Bank as President and Chief Executive Officer of Loblaw. Mr. Bank will formally join the company by Q1 2024. The appointment follows a global talent search initiated in August 2022 in anticipation of Robert Sawyer’s planned retirement as Loblaw’s Chief Operating Officer at the end of 2023. It comes after two years of superb performance at the retailer. “Over the past two years, we have strengthened the foundations of the company. Our management team is exceptional, and our 220,000 colleagues continue to deliver for
Macy’s to Completely Reinvent Private Brand
On March 30 Macy's presented at the J.P. Morgan 9th Annual Retail Round-Up Conference. Presenters included Jeff Gennette, Chief Executive Officer and Adrian Mitchell - Chief Financial Officer. Gennette detailed the important role that Retail-owned Brands (private brands) would play in the future of Macy’s. The entire Macy’s Retail-owned Brand portfolio (24 brands) is being evaluated to optimize and redefine the brands for the future. All the brands will be assessed and potentially refreshed, redefined, or eliminated. Macy’s spent months evaluating each brand in the portfolio, many of them legacy brands from Federated Stores and other acquisitions. The updated Retail-owned
