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NRF: Job market, interest rates hold key to 2024

NRF: Job market, interest rates hold key to 2024

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

Albertsons Hosts 4th Annual Supplier Diversity Program

Albertsons Hosts 4th Annual Supplier Diversity Program

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

NRF reports record holiday, full-year retail sales

NRF reports record holiday, full-year retail sales

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

Deloitte: CPG companies pivot to volume in 2024

Deloitte: CPG companies pivot to volume in 2024

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

Kroger pushes back timeline on merger closure

Kroger pushes back timeline on merger closure

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

NRF Foundation Honors celebrates retail

NRF Foundation Honors celebrates retail

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.

H-E-B is top grocer in latest dunnhumby RPI

H-E-B is top grocer in latest dunnhumby RPI

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;

BJ’s Wholesale opens newest location this week

BJ’s Wholesale opens newest location this week

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

Acosta Group predicts retail trends for 2024

Acosta Group predicts retail trends for 2024

JACKSONVILLE, Fla. — Acosta Group today announced its 2024 retail predictions, identifying how brands and retailers can win shopper loyalty, drive sales, and achieve efficiencies in another year of anticipated marketplace disruption. “While we expect 2024 to remain as complex as 2023, brands and retailers will have opportunities to better understand and meet the evolving demands

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