Expect upswing in retail sales, analysis notes
SAN FRANCISCO — A new analysis indicated that retailers should expect a modest increase in sales despite wavering consumer confidence.
The report, developed by global management consulting firm Kurt Salmon Associates, projected 2.1% to 2.6% growth in personal consumption expenditures for fourth quarter 2010. The analysis also showed spending on durable and nondurable goods will continue to outpace spending on services this holiday season.
The findings were based on Kurt Salmon’s proprietary analysis of historical consumer consumption figures and intent to spend data.
"Now, a year and a half into the recovery, we are seeing discretionary spending picking up," said Todd Hooper, Kurt Salmon partner and retail expert. "Consumers are still settling into their post-recession spending rhythm. They know they have to adjust their spending, but they are still sorting out priorities. During this transition, they are not able to consistently anticipate how their spending will change for any given category."
Supervalu EVP transitions to new role
MINNEAPOLIS — A 20-year veteran at Supervalu will become a senior counselor outside of the company for one year.
David Boehnen, who as EVP was responsible for legal, business development, real estate and store development, as well as government affairs, will leave his post at the retailer but will serve as a senior counselor for Supervalu president and CEO Craig Herkert for one year.
The change is effective Dec. 15.
“I have had a close relationship with Supervalu extending for many years, even before I joined the company in early 1991. I will reflect on it fondly as I move into the next phase of my career,” Boehnen said. “While I will no longer be involved in the day-to-day activities of the company, I look forward to working with Craig and the management team in my new capacity.”
With Boehnen’s new role, Todd Sheldon, group VP legal, will be promoted to SVP and general counsel, reporting to Andy Herring, EVP real estate, market development and legal.
Walgreens inks deal with NRG Energy
DEERFIELD, Ill. In an effort to extend its environmental stewardship, Walgreens stores in the Houston area soon will feature high-powered rapid charging stations for electric vehicles for customer use, thanks to a new partnership with NRG Energy.
The initial rollout of NRG Energy’s eVgosm charging stations will include installation at 18 Walgreens locations, with the first charging station expected to be installed in February 2011. The partnership is part of the drug store chain’s sustainability efforts, Walgreens said. The eVgosm network, which also will include charging stations at public parking facilities, other retailers and work places in the Houston area, will help ensure anyone with an electric vehicle has a place to charge up within 25 miles of the Houston city center.
“Our neighborhood stores will be a great and convenient location for customers to recharge electric vehicles,” said Walgreens director of energy and sustainability Menno Enters. “This is another way we are providing our customers with an environmentally sustainable shopping experience, and it sets us apart as a retailer who is moving clean and green energy alternatives forward.”