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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Operating gross profit margin declined to 36.4

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CVS Health COO Jon Roberts to retire

Mass Relators

Jon Roberts will retire as chief operating officer of CVS Health in June, the company announced. CVS does not plan to hire a new COO at the moment. Prior to that, he held a variety of key leadership roles in the company’s retail business, CVS Pharmacy, including senior vice president of store operations from 2002 until 2005.

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First Quarter Feedback for Grocery Retail: Insights from the Start of 2021

Retail TouchPoints

Besides trying to keep their stores sufficiently stocked, the biggest challenge for many grocery retailers in 2020 was trying to determine what shopper behaviors would remain in place post-pandemic. Hybrid Shopping is Here to Stay. This compares with 65% of shoppers reporting the same last year.

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Dollar General recasts management via promotions, hirings

Mass Relators

Simonsen joined Dollar General in 2013, and has held roles in store operations, procurement, pricing, business analytics and merchandising planning. Mary Beth Hawthorne has joined Dollar General as vice president of store operations for the Northeast region.

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Stockouts Are Costing You Money

Independent Retailer

A whopping 31 percent, decided to purchase at another store — that means not only are you losing sales, but your competitor gets them instead. If you are running a grocery, convenience store , liquor shop, or something similar, you should think twice about waiting until tomorrow to reorder your best selling products.

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Dollar General bolsters team with 11 appointments

Mass Relators

Simonsen joined Dollar General in 2013, and has since held roles of increasing responsibility in store operations, procurement, pricing, business analytics, and merchandising planning. Mary Beth Hawthorne has joined Dollar General as vice president of store operations for the northeast region.

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Amazon names new head for global stores

Mass Relators

. “I’m excited to share that Doug Herrington will become the new CEO of our Worldwide Amazon Stores business (formerly known as “Consumer”),” Amazon CEO Andy Jassy announced in a message to company employees on Tuesday. “Doug has been at Amazon for 17 years. Doug and I have worked together on S-team since 2011.