Retail Roundup—Albertsons invests in e-commerce, CE retailers' sales up 1.5%

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Technology is transforming the retail experience, and grocery is no exception.

Albertsons hires two digital executives

In a move to enhance the chain's digital capabilities, Albertsons has hired two new executives with 30 years of leadership experience combined: Karl Varsanyi, a key player behind Macys.com, and Ramiya Iyer, who was instrumental in building an e-commerce network for Levi Strauss & Co. (PR Newswire)

CE retailers’ tech sales up 1.5%

Despite the closing of several consumer electronics chains and the shift of sales to e-commerce sites such as Amazon, the top 100 CE retailers managed to raise sales 1.5% last year. Best Buy held the top spot, with $30.7 billion in tech sales. (Twice)

Sprouts’ private label now 12% of sales

Sprouts Farmers Markets began selling private-label items four years ago. Back then, these items accounted for about 5% of sales. Today, the retailer's private-label goods account for almost 12% of all sales and are set to bring in about $500 million in revenue by the end of the year. (Supermarket News)

Walmart to invest $450M in Florida business

Walmart announced that it will make $450 million worth of investments in Florida. Plans include nine new stores and 800 new jobs across the state, plus a new e-commerce distribution center in Davenport. (Business Wire)

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