In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid CEO’s $20M salary causes ire among lenders. Despite Rite Aid Corp. declaring bankruptcy in October, CEO Jeffrey Stein is set to receive a $20 million payout. And the retailer’s main lenders aren’t happy about it, according to reporting from Bloomberg.
More top stories:
- Walmart will change over to digital shelf labels
- Harris Teeter to open new South Carolina location
- 5 things: The rise of the Asian grocer
- Thousands of Kroger-owned Food 4 Less workers could strike
In other news, despite aggressive membership promotions by Instacart and Walmart that drove an increase in monthly active users, online grocery sales slid 0.4% in May relative to a year ago, to $6.8 billion, according to the latest Brick Meets Click/Mercatus Grocery Shopper Survey.
The decline was driven by a 6% decline in pickup order frequency combined with a slight decline in average order value. The overall monthly active user (MAU) base for pickup was up more than 3% on a year-over-year basis in May 2024 vs. a year ago, however.
Other top stories:
- Suppliers tell Canadian grocers that price hikes are on the way
- New Austin grocery, Radius Butcher & Grocery, will focus on Texas-grown perishables
- Some 61% of electric vehicle owners more likely to shop at retailers with charging stations
- Take a look inside: H-E-B opens first Joe V’s in Dallas
