Serving as ICSC President and CEO affords Tom McGee a unique perspective on the retail industry. He leads a global organization with 70,000 members in more than 100 countries who develop, lease and operate shopping centers from the largest mega-malls to neighborhood centers.
A conflict has existed for too long between CPGs and retailers over huge, yet notoriously low performing, trade funds (also called vendor funds.) Without a significant change, these trapped resources may delay sorely needed new programs at retail.
In an exclusive interview with a co-founder of HomeGrocer.com, one of the fastest-growing Internet startups from the dot-com boom that later fizzled, Retail Leader explores the opportunities and challenges grocery retailers face in e-commerce today.
European hard discounter Lidl, which plans to have stores open in the U.S. no later than 2018, launched a website for suggestions on potential real estate sites, as well as vendor and employee applications.
Blount Fine Foods, a Fall River, Mass.-headquartered manufacturer of premium soups, entrees, sauces and side dishes for retail and foodservice, said it purchased Food Source LP, a custom food manufacturer based in McKinney, Texas.
Club store chain operator Costco is “quietly removing” tobacco SKUs this year, having begun reducing the presence of cigarettes at some of its U.S. stores three or four years ago, according to business news website TheStreet.com.