Kroger nabbing Whole Foods traffic
Whole Foods Market has reportedly lost millions of customers over the past year and half, and Kroger has been scooping them up. A report from by a Barclays investment analyst Karen Short said that Whole Foods has lost 14 million customers in the past six quarters. She also noted that 47% of Whole Foods stores are within 3 miles of a Kroger store. (Cincinnati Business Courier)
Walmart announces new tech roles
Walmart has promoted three technology group officers as it works to strengthen its online and e-commerce operations. At the top, Fiona Tan has been named SVP of U.S. customer technology. Jaya Kolhatkar is now SVP of global data and analytics platform organization, and Jae Evans is now VP of global technical engineering and operations organization. (Progressive Grocer)
Wegmans names new CEO
Danny Wegman, CEO of Wegmans Food Markets, has named his daughter Colleen to succeed him in overseeing the family-run business. Danny will continue on in his role as chairman. Colleen joined the company in 1991 and was named president in 2005. (Supermarket News)
Square launches mobile payments in U.K.
San Francisco-based mobile payments company Square has launched in the United Kingdom, marking the company's first foray into Europe. U.K. companies will be able to use Square's credit card reader to accept payments on mobile devices. This will help smaller businesses and self-employed professionals make transactions without a cash register. (The Independent)