Year in Review: Top Competitor Moves of 2017
NEWARK, N.J. — If imitation is the sincerest form of flattery, than the convenience channel should be very flattered.
Gone are the days when c-store operators only faced competition from grocery stores and dollar retailers. Yes, they still like to blur the channel lines, but new players are rattling some cages — think ecommerce giant Amazon and electric car standout Tesla.
These are the top 10 competitor headlines of 2017, as reported by CSNews Online:
John Mackey will continue as CEO of the Texas-based retailer.
Amended deal calls for the sale of 1,932 stores and three distribution centers.
The company plans to spend approximately $500 million of capital on store conversions and related activities.
Company's status as an omnichannel retailer prompts the shift, effective in early 2018.
Chief technology officer's appearance at a recent foodservice event raises eyebrows.
Retailer will open as many as 100 stores along the East Coast.
Changes to drive growth in health-focused categories.
Urban concept features grab-and-go, home items.
Retailer aims to be a convenient experience.
Hy-Vee Market Grille Express will feature table service.