USA news

11 May 2021
Building on comments from president and CEO, Vivek Sankaran, earlier this month, Albertsons has confirmed that it is evolving its buying structure to adopt a centralised approach. Cost savings opportunity Speaking during its Q4 results , Sankaran highlighted that the retailer had increased its $1bn productivity savings target to $1.5bn by 2022. This builds on the $500m savings delivere...
11 May 2021
Walgreens Boots Alliance (WBA) has announced its COO, Alex Gourlay, is to leave the business. Meanwhile, separately, in the US, its Walgreens division has launched same-day delivery in under two hours and introduced mobile clinics that provide COVID-19 vaccines. Co-COO to step down Bloomberg has reported that WBA’s co-chief operating officer, Alex Gorlay, is set to leave the business on 17 ...
10 May 2021
Uber and Gopuff have announced a strategic partnership to provide a solution for everyday essentials through Uber Eats. Everyday essentials delivery offering Gopuff provides on-demand delivery of household products, medication, food and drink in over 650 cities across the US. It operates more than 250 micro-fulfilment centres to fulfil orders. In 2020, Gopuff increased the number of micro-f...
07 May 2021
Walmart is collaborating with Partnership for a Healthier America (PHA) and Higher Ground Productions to launch a new interactive experience that aims to show kids that healthy food can be fun. Inspiring families to cook fresh healthy foods The interactive culinary adventure experience, The Hidden World of Waffles + Mochi, is based on the characters from the Netflix show, Waffles + Mochi. I...
04 May 2021
7-Eleven has opened its eighth Evolution Store in the U.S. This time, the concept features Raise The Roost Chicken And Biscuits and Parlor Pizza foodservice options. First Evolution Store to feature two fast food restaurants Source: 7-Eleven, prnewswire All Evolution Stores include foodservice, but the latest in Manassas, Virginia features two different brands, Raise the Roost Chick...
03 May 2021
Target has emerged as one of the winners of the pandemic in the US. While digital growth accelerated 145% to account for almost 18% of sales last year, its physical store network was central to this, fulfilling over 95% of digital sales. This year, Target will continue to grow its presence across the US with 40 new stores as it continues to enhance its omnichannel strategy. Increasing capex to...
30 April 2021
Amazon's net sales increased by 44% year-on-year (YoY) to $108.5bn, and operating income increased 224%, to $8.1bn for the first quarter (ended March 31). International segment driving growth Amazon’s international segment grew 60%, compared to North America which grew 40%. The international business now accounts for 28% of Amazon’s total sales, versus 25% last year. Amazon continues to lau...
30 April 2021
Following a strong first quarter, with consolidated net sales up 12.7%, Hershey has raised its outlook for the full financial year. Having initially forecast sales growth of 2-4%, it now expects growth of 4-6%. Source: IGD Research 1. New at-home behaviours are forming new traditions Families continue to embrace the at-home lifestyle, with its brands central to game and movie nights...
29 April 2021
Having delivered solid organic revenue growth of 3.8% in Q1, lapping the start of the surge in demand last year (2020 Q1: +6.4%), not only does Mondelez remain confident on the outlook for the full year, but believes it can accelerate its long-term growth rate. 1. Change of business focus unlocking investment dollars From a focus on costs and profit margins, it has switched to focus on top ...
26 April 2021
We review Albertsons’ fourth quarter results, which contributed to an outstanding full year performance, with sales hitting a record $70bn. The retailer plans to press on with its strategic growth and cost savings initiatives, including plans to simplify its supply chain and product sourcing. Q4 and full year key numbers Sales and other revenue increased to $15.8bn, driven by a 11.8% inc...