Kroger, Home Depot, Dollar Tree & More: Earnings Show Retailers Investing in Growth and Innovation
Earnings reports have come flooding in, and while ongoing economic hardships are tying the hands of many retailers — prompting layoffs and store closures — several companies are continuing to significantly invest in growth and tech innovation across myriad areas, including the supply chain and workforce.
Here is an overview of the latest round of investments from some of retail’s biggest players.
The company recently named 30-year retail veteran Dave Alves as Kohl's president and COO. Beginning in April, Alves will manage Kohl's enterprise operations across nearly 1,200 stores, global supply chain and distribution centers, real estate portfolio, purchasing, sustainability, risk management and compliance functions.
Kohl’s began a leadership shuffle late last year, with its previous CEO Michelle Gass moving to Levi’s to lead as its president. Tom Kingsbury took on the role in the interim, and Kohl’s recently announced he will be staying on. Read more.
“During the past few months, we've spent time getting to know Vivek and the Albertsons leadership team. We are incredibly impressed with their talent, culture, and commitment to their customers and communities.
“We look forward to bringing together our two highly complementary organizations to provide customers with lower prices and more choices while realizing the long-term value we expect this merger will deliver. We are working cooperatively with regulators responding to the Federal Trade Commission's second request and in discussions about the transaction while also working to identify potential buyers for the stores we expect to divest to obtain clearance for the transaction.
“We are pleased with the level of interest received thus far, and we'll work toward finding a solution that benefits all stakeholders. We remain on track to close the transaction in early 2024.” — Rodney McMullen, Chief Executive Officer