Wegmans’ first New York store opens in Brooklyn

Wegmans, the 103-year-old grocery chain that has a rabid following, opened its first New York City store. The 74,000-square-foot location, which was first announced in 2015, is located in the Brooklyn Navy Yard.

Wegmans is the buzziest part of the former military base on the East River that’s currently undergoing a billion-dollar renovation with new offices and retail space.

The grand opening reportedly drew long lines of thousands of fans, according to multiple news reports. The grocery store has developed a fanatical following for its affordable prices and high-quality food. Wegmans said its Brooklyn store sells nearly 50,000 items, 2,000 of which are organic.

Besides the usual array of grocery food, the new Wegmans is a destination in itself. The location has several seating areas for people to eat fresh pizza, sushi and from assorted food bars. There’s also a cocktail bar and coffee shop.
A “vast majority” of the nearly 600 employees were hired locally, the company previously said. The Brooklyn location is its 101st store; its other locations are primarily on the east coast, including Pennsylvania, New Jersey and upstate New York.
Besides the usual array of grocery food, the new Wegmans is a destination in itself. The location has several seating areas for people to eat fresh pizza, sushi and from assorted food bars. There’s also a cocktail bar and coffee shop.
A “vast majority” of the nearly 600 employees were hired locally, the company previously said. The Brooklyn location is its 101st store; its other locations are primarily on the east coast, including Pennsylvania, New Jersey and upstate New York.

Walmart unveils enhanced supercenter

Walmart is upping its supercenter experience.

The retail giant officially opened its remodeled supercenter in Dallas, Georgia. The store offers an enhanced shopping experience in many departments, expanded assortment and displays.

Along with opening the doors to the supercenter, Walmart debuted its new standalone health clinic format, Walmart Health, which is adjacent to the remodeled store. It offers a full array of health and wellness services, with primary care, lab tests, X-rays, counseling, dental, optical, hearing and community health education.

The remodeled supercenter boasts an enhanced omnichannel shopping experience. Customers who use the chain’s free Pickup service to have online orders delivered to the store can leverage an in-store pickup tower (a tall, vending machine-styled kiosk holding customer orders) using their mobile device. Walmart has also renovated an outdoor pickup area for online grocery orders with a newly-installed canopy.

In-store enhancements include a new pharmacy concept that, based on customer feedback, is designed to simplify and enhance customer service while reducing friction and wait times. In addition, the redesigned vision center features multiple service areas so customers can decide how and where they want to receive service.

The remodeled store also boasts an in-store retail veterinary clinic, Essential PetCare. The clinic provides affordable wellness services for dogs and cats, including routine care, vaccinations, lab work and the treatment of minor illnesses such as ear infections and common skin conditions. (Walmart opened its first in-store Essentials PetCare in Port Richey, Florida, in 2016.).

Other redesigned departments include an upgraded electronics department with interactive displays, a refreshed baby department with strollers at floor level allowing shoppers to compare products more closely, and an expanded hardware department with a greater assortment of industrial and power tools. The remodeled auto center has been made over to include a dedicated lounge area where customers can wait for their cars to be fixed.

Source: chainstoreage.com

Tesco wants to open 750 stores in Thailand

Tesco is to open 750 convenience stores in Thailand over the next three years in its first major overseas expansion under chief executive Dave Lewis. Thailand is the grocery group’s biggest market outside the UK and its most profitable.

Lewis, 54, who was parachuted into the supermarket chain in 2014 after it ran adrift under previous management, believes that Thailand offers a huge opportunity because of its young, increasingly urban and affluent population. ‘The economics of the country are very attractive. There is a big emerging middle class” he said.

Tesco has been in Thailand since 1998. It employs 46,000 full-time staff there and operates under the Tesco Lotus brand. The group has more than 1,500 Express convenience stores and around 400 larger shops, including some hypermarkets. It also owns shopping malls and until recently was involved in the wholesale market.

Lewis’s move will create up to 10,000 new jobs in the country. He said he sees large scope for growth, as around half of the Thai food shopping market consists of traditional markets, street stalls and small family-owned shops. Profits in Asia, which also includes its Malaysian operation, were down 4.3 per cent last year, though Lewis attributes this to a restructuring in Thailand, including a withdrawal from the wholesale operations. He shut down a bulk selling business in 2017 that serviced independent merchants after concluding it was unlikely to become profitable. ‘We have been making changes over the past two years but now we have a model we are very pleased with,’ he said.

Tesco is likely to face stiff competition from Japanese-US business 7-Eleven, which has thousands of its convenience stores in Thailand, where the brand is run by locally listed company CP All.

In the past, Tesco has run into rough waters with some of its overseas forays. It pulled out of an ill-fated venture into the US through its Fresh & Easy chain on the West Coast in 2013. The failure to win over US shoppers cost it around £1.2billion.

Lord MacLaurin, a former chairman, recently attacked ex-chief executive Sir Terry Leahy, whose decision it was to go into the US market on the eve of the financial crisis, accusing him of having an ‘arrogant’ and ‘extravagant’ management style.

Lewis sees the Thai move as part of his strategy to move the company on after its recovery from the scandal that engulfed it under his predecessors. A £250million black hole in the accounts came to light shortly after his arrival and Tesco posted a record pre-tax loss of £6.4billion in 2015. Under his stewardship, the group has returned to profit, with a 28.8pc jump last year to £1.7billion.

 

Source: thisismoney.co.uk