March 21, 2024 by MMR
Diane Gill, FMI, Krystal Register, Tom Cosgrove
Leading Headlines, Uncategorized
ARLINGTON, Va. – FMI, The Food Industry Association, announced it is promoting key staff members to elevated roles. Krystal Register is promoted to vice president of health & well-being for her dedication and expertise in advancing initiatives that help connect the science of food and nutrition to overall health. Register has been especially instrumental in FMI’s
March 20, 2024 by MMR
NRF forecasts retail sales to reach at least $5.23 trillion in 2024
Featured Articles, Leading Headlines, Retail News
WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of American consumers and the retail industry. “The resiliency of consumers continues
March 20, 2024 by MMR
Leading Headlines, Retail News
SAN ANTONIO — Robert Morton, an innovative leader who worked as the director of healthy living at H-E-B, suddenly passed away while attending the Expo West show. He was 56 years old. The unwavering commitment that Morton had to advancing health and well-being had a profound impact on the lives of a great number of
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;