March 13, 2024 by MMR
Chairman and CEO Rick Dreiling, Dollar Tree, Dollar Tree closing nearly 1000 Family Dollar stores, Family Dollar, Jeff Davis
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire.
February 1, 2024 by MMR
consumer spending, National Retail Federation, NRF Monthly Economic Review
Leading Headlines, Retail News
WASHINGTON – Slower growth in wages and job creation are expected to weigh on consumers in the months ahead, according to the National Retail Federation, which nonetheless foresees an increase in spending in 2024 but at a rate slightly below overall economic activity. “Consumers were in decent shape heading into the holiday season, but the
January 25, 2024 by MMR
Aldi USA, Fresco Retail Group LLC, Southeastern Grocers LLC
Featured Articles, Leading Headlines, Retail News
JACKSONVILLE, Fla. — Southeastern Grocers said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing
January 22, 2024 by MMR
Albertsons Cos. Supplier Diversity Program, DEI, diverse-owned businesses
Leading Headlines, Retail News, Supplier News
BOISE, Idaho —Albertsons Cos. today announced that it is seeking applications from diverse entrepreneurs and businesses which can offer products that appeal to the varied preferences of the retailer’s customer base. Albertsons has opened the application process to small and mid-size businesses that qualify as “diverse-owned suppliers,” defined as those at least 51% owned, controlled
January 17, 2024 by MMR
2023 holiday retail sales, consumer spending, National Retail Federation
Leading Headlines, Retail News
WASHINGTON – The National Retail Federation today cited new U.S. Census Bureau data in reporting that core retail sales increased 3.8% to a record $964.4 billion during the 2023 holiday season. Sales for the full year grew 3.6% over 2022 to a record $5.1 trillion, NRF said. “Consumer spending was remarkably resilient throughout 2023 and
January 17, 2024 by MMR
2024 Consumer Products Outlook, consumer prices, Deloitte LLC
Leading Headlines, Supplier News
NEW YORK – The largest U.S. consumer products companies have enjoyed pricing power to a degree that put them among the top 100 global companies in terms of revenue, according to a new report from Deloitte LLP. “Input costs rose dramatically, so price had to follow,” Deloitte says in its “2024 Consumer Products Outlook,” which
January 17, 2024 by MMR
Albertsons Cos., Kroger-Albertsons merger, The Kroger Co.
Leading Headlines, Retail News
NEW YORK — Regulators with the Federal Trade Commission need more time to consider Kroger’s proposed acquisition of Albertsons Cos. and the related divestiture plan the retailers offered to allay antitrust concerns, according to court filings. Kroger revealed in court filings in a California lawsuit brought by consumers seeking to halt the merger that regulators
January 16, 2024 by MMR
National Retail Federation, NRF Foundation Honors, retail industry, RISE Up
Leading Headlines, Retail News
NEW YORK – The ninth annual NRF Foundation Honors event here on January 14 raised more than $3 million to support careers in retail. The event, which drew more than 800 people to the New York Marriott Marquis in Midtown, celebrated industry leaders, awarded student scholarships and showcased retail as an industry with unlimited opportunity.
January 11, 2024 by MMR
dunnhumby RPI, grocery retail rankings, H-E-B
Featured Articles, Leading Headlines, Retail News
CHICAGO — H-E-B is the nation’s top grocery retailer in the seventh annual dunnhumby Retailer Preference Index (RPI). The index is the only approach to ranking grocers that combines financial results with customer perception, duhnhumby said today in announcing the results. Rounding out the top-10 are: Amazon; Costco; Market Basket; Sam’s Club; Wegmans Food Markets;
January 10, 2024 by MMR
Andy Cohen, New Year's resolutions, Walmart
Leading Headlines, Retail News
BENTONVILLE, Ark. — Ahead of National Quitters Day (the second Friday of January, when research suggests many will give up on their 2024 resolutions), Walmart+ is joining talk show host Andy Cohen in a “Save Your Resolutions” campaign that could help people stay the course on their goals for the year. “As someone who has
January 4, 2024 by MMR
BJ's Wholesale Club, Fla., membership warehouse clubs, North Jacksonville
Leading Headlines, Retail News
MARLBOROUGH, Mass. — BJ’s Wholesale Club is opening its newest membership warehouse location this week, in North Jacksonville, Fla. “We’re excited to start the new year by providing unbeatable value and convenience to North Jacksonville,” Tom Condon, manager of the new club, said in a press release announcing the January 5 opening. “Our mission is
December 20, 2023 by MMR
Eco Balanced Technologies, P2 Probiotics, soil-based probiotic cleansers
Supplier News
FAIRLESS HILLS, Pa. — Disrupter of the status quo, change agent for humanity, product developer, dog Mom, public health educator, public speaker, rule breaker and expert in bacteria and probiotics . . . meet Heather Holmes, founder of Eco Balanced Technologies, a health company that is turning the consumer market on its head. Every day