London — Whole Foods Market is expanding internationally, with a new store planned in London that will open on March 25, 2025. The store is the first new U.K. location for Whole Foods Market since 2014 and will serve as a premium retailer for the historic and celebrated destination of London’s King’s Road in Chelsea. “Whole Foods Market has roots deeply planted in the U.K., and we are thrilled to be bringing more natural and organic food to this market with the opening of our new King’s Road store this …
retailers
Minneapolis — At its financial community meeting in early March, Target Corporation outlined how ongoing investments will aim to accelerate its strategy and drive billions of dollars of profitable sales growth across its multi-channel business by 2030. Plans for 2025 and beyond include: • Elevating shopping with technology: The retailer will innovate with search, social and data-driven personalization. That includes enhancing solutions powered by artificial intelligence (AI) that offer more relevant product recommendations, optimize search results and integrate with social media trends. • New stores and remodels: Through its ongoing …
Cincinnati — The chairman and chief executive officer of Kroger Co., Rodney McMullen, has resigned from the company following a board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics. The board has appointed its lead director, Ronald “Ron” Sargent, to serve as chairman of the board of directors and interim CEO, effective immediately. Mark Sutton will serve as Kroger’s lead independent director, also effective immediately. The board of directors has formed a search committee and engaged a nationally recognized …
Batavia, Ill. — German discount grocery store chain ALDI has plans to open more than 225 new store locations in 2025 as part of its 5-year national growth strategy. This is the most stores ALDI will open in 1 year in its nearly 50-year U.S. history. The new stores will comprise original ALDI supermarkets and the conversion of select Winn-Dixie and Harveys Supermarket stores. Approximately 220 Southeastern Grocers locations will be converted to the ALDI format through 2027. As part of the strategy, ALDI has closed a transaction to divest …
New York City — JOANN has announced it will close all of its stores after the fabric and craft retailer was auctioned off to a new ownership group. Earlier this month, JOANN announced the closures of approximately 500 of its more than 800 locations across the United States. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January — the second time in a year — where JOANN’s remaining assets were put up for auction. Retail liquidator GA Group and JOANN’s term lenders won …
Los Angeles — Revolve Group, the next-generation fashion retailer for Millennial and Generation Z consumers, has decided to convert its once limited time-only REVOLVE Holiday Shop at The Grove in Los Angeles into a permanent store starting in fall 2025. The store will temporarily close for renovations and is set to reopen with a fresh look in the fall. Originally launched as a temporary winter destination in November 2024, the REVOLVE Holiday Shop quickly became a seasonal hotspot. Spanning 8,450 square feet, the two-story space will feature a handpicked collection …
Ontario, Calif. — Heritage Grocers Group, the largest Hispanic and ethnic food retailer in the country, has promoted Matthew Holt to the position of chief financial officer (CFO). He recently previously was chief accounting officer for Heritage Grocers Group. The company also has appointed Kim Cates to the position of vice president of center store for Heritage Grocers Group. Reporting directly to Suzy Monford, chairman and CEO for Heritage Grocers Group, Holt will oversee the financial and accounting initiatives for all Heritage banner companies which include Cardenas Markets, Tony’s Fresh …
Duluth, Ga. — The board of directors of Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., has promoted its senior vice president of operations, Daniel E. Clara, to chief operating officer. Clara has more than 23 years of extensive automotive retail experience. Prior to his 5 years as senior vice president of operations, he held positions as regional vice president, market director, general manager, other store-level department leadership roles and store-level frontline retail positions at Asbury. “Dan has done a great job …
Indianapolis — Leading sports retailer Lids has appointed Greg Cox as the company’s new chief financial officer (CFO). Cox, who has been with Lids for 8 years, has held a variety of accounting and finance leadership roles. In his new position, he will oversee the company’s finance, loss prevention, human resources and information technology departments. “Greg’s deep understanding of Lids’ operations and financial strategy, combined with his leadership experience, makes him uniquely suited to take on this critical role,” says Bob Durda, president of Lids. “His vision for simplifying and …
San Diego — Petco Health and Wellness Company, Inc. has appointed three new leaders to Petco’s executive team. Sabrina Simmons, former chief financial officer at Gap, Inc., has been named chief financial officer, effective Feb. 17; Michael Romanko, former chief merchandising and marketing officer at Five Below, Inc., has been named chief customer and product officer, effective Feb. 24; and Jack Stout, former executive vice president and chief merchandising officer at 7-Eleven, Inc., has been named chief merchandising officer, effective Feb. 24. “Today’s appointments represent a significant evolution of Petco’s …