MINNEAPOLIS — Target Corp. today posted better-than-expected earnings for its fiscal third quarter despite another decline in comparable-store sales. Shoppers remain cautious, the company said, but did spend for necessities like food, school supplies and beauty aids. CEO Brian Cornell cited pressures like higher interest rates, increased credit card debt and reduced savings rates which
CHICAGO — A “special edition” of the dunnhumby Retailer Preference Index (RPI) places Amazon, H-E-B, and Kroger atop the latest rankings of grocery retailers in terms of their abilities to personalize shopping experience to best serve shoppers. The inaugural RPI for Leadership in Personalization finds that Amazon stands apart from all other retailers, dunnhumby says
ROSEMONT, Ill. – Sweet potato pancake mix from Giant Eagle, cauliflower-crust pizza from Albertsons and potstickers from Amazon are among nearly 100 Salute to Excellence award winners for store brand innovation announced at PLMA’s 2023 Private Label Trade Show. Created in 1986, the annual awards recognize outstanding food and nonfood products introduced within the last year
WASHINGTON – The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. “It is not surprising to see holiday sales growth returning to pre-pandemic levels,” Matthew Shay, the federation’s president
PROVIDENCE, R.I. — United Natural Foods, Inc. (UNFI) announced the appointment of Andre Persaud as president and chief executive officer of Retail, effective November 6, 2023. Persaud will lead the company’s two retail banners, CUB (located primarily in Minnesota) and Shoppers Food Warehouse (located primarily in Washington D.C. and Maryland). He will serve on UNFI’s
PHOENIX — Sprouts Farmers Market reported “solid” financial results for the 13 weeks to October 1, featuring gains in net sales, comparable-store sales, and earnings from the third quarter a year earlier. “Our results signal the alignment of our 31,000 team members across merchandising, marketing, supply chain, and operational initiatives — propelling our strategy forward,”
MARLBOROUGH, Mass — BJ’s Wholesale Club announced it is opening its first club in Alabama on Nov. 10, in the town of Madison. With the opening, Alabama becomes the 20th state with a BJ’s membership warehouse club. “As we gear up for the holiday season, we can’t wait to bring BJ’s unbeatable value and convenience
ZAANDAM, the Netherlands — Ahold Delhaize announced it has agreed to acquire Profi Rom Food SRL, a Romanian grocery retailer. The deal provides Ahold Delhaize with a strong format fit and a complementary customer proposition to its Mega Image brand in the Romanian market, the company said today in announcing it had reached agreement with
CINCINNATI — The Kroger Co. has expanded shopping access for participants of SNAP, the Supplement Nutrition Assistance Program, who can now make electronic EBT payments when ordering online from the retailer’s supermarket banners. Kroger said it engaged in a months-long collaboration with the U.S. Department of Agriculture Food and Nutrition Service to enable electronic benefits
WASHINGTON – Consumers celebrating the winter holidays expect to spend an average of $875 on gifts, food and seasonal items, according to a survey conducted by Prosper Insights & Analytics for the National Retail Federation. That sum is $42 more than respondents to last year’s survey told researchers they were expecting to spend, though it
BENTONVILLE, Ark. — Walmart today announced the hiring of Rina Hurst as vice president of Walmart GoLocal, the retailer’s delivery-as-a-service platform. Hurst joins Walmart from Shipt, where she served as chief business officer. Hurst assumes responsibility for the strategic direction, operations and general management of Walmart GoLocal as it serves retailers of all sizes in
SEATTLE — The Federal Trade Commission and 17 state attorneys general filed a lawsuit against Amazon.com Inc. on September 26 alleging that the company is a monopoly that uses “anticompetitive and unfair strategies” that harm rivals and consumers and stifle innovation. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly