Walmart to refocus on U.S. unit as sales decline
BENTONVILLE, Ark. — Despite gains in its international sector, Walmart experienced its seventh straight quarterly sales decline in its U.S. stores division for the period ended Jan. 31.
Walmart said although sales at its international stores rose 27%, its U.S. store sales fell short of its own projections for the holiday period. Sales at U.S. Walmart stores fell 0.5% to $71.1 billion, and were down 1.8% on a comparable-store basis, the company said.
Looking ahead, Walmart said it plans to focus on everyday low prices, feature the broadest assortment possible, remodel Walmart stores and focus on multichannel selling to boost U.S. sales. Walmart president and CEO Mike Duke also noted the chain would move forward "with even greater urgency in opening small stores."
"Some of the pricing and merchandising issues in Walmart ran deeper than we initially expected, and they require a response that will take time to see results," Duke said.
Bruce Foods CEO to serve on GMA’s board
NEW IBERIA, La. — The Grocery Manufacturers Association has tapped the leader of a food manufacturer to serve on its board of directors.
J.S. "Si" Brown, president and CEO of Bruce Foods, will serve on GMA’s board. Brown has held led the company, which specializes in manufacturing Cajun and Tex-Mex products, since 1973.
"I am deeply honored to serve the Grocery Manufacturers of America at a higher level," Brown said. "This is an organization that has been so important to our company and [has] been so effective for the food industry that I am humbled to have been chosen."
With Brown, GMA’s board consists of more than 50 members, including treasurer/secretary William Cyr, Sunny Delight president and CEO; and recently appointed chairman Gary Rodkin, who leads ConAgra Foods as the company’s CEO.
Supervalu’s Save-A-Lot banner expands reach in the Windy City
ST. LOUIS — Save-A-Lot on Monday announced that it was expanding its reach by opening five new stores in the Chicago market.
The hard-discount, limited-assortment grocery retailer and subsidiary of Supervalu would nearly double its presence in the area, bringing its total Chicagoland stores to 13. The five stores, located in Chicago’s South Side, range in size from 11,000 to 21,000 sq. ft.
Next week, Save-A-Lot will deliver a free assortment of its exclusive, private-label products to residents within a quarter-mile radius of each of its new Chicago stores as part of the company’s grand opening celebration.
Save-A-Lot also announced that it anticipates to open an additional five locations by next year.
"Chicago long has been a priority market for Save-A-Lot, and we’re thrilled to be adding five more South Side stores," said Bill Shaner, Save-A-Lot CEO and president. "These locations are a perfect match with our strategy of bringing affordable groceries and more fresh-food options to neighborhoods with few existing grocery stores."