MINNEAPOLIS — Target Corp. is canceling orders from suppliers and reducing prices to help clear an inventory glut in response to consumers’ faster-than-expected shift toward non-discretionary spending on things like food, travel and entertainment. Target said it also plans to add storage capacity near U.S. ports to lessen the impact of unusually high transportation and
FAYETTEVILLE, Ark. — For the first time in three years, Walmart staged a full-fledged version of its annual celebration for associates, and the event did not disappoint. Thousands of employees from around the world descended on northwest Arkansas for a week of activities, culminating in a gathering at the Bud Walton Arena. The vociferous crowd
CINCINNATI — With the launch this month of a fulfillment “spoke” in Miami, Kroger is offering grocery delivery to shoppers in South Florida, where the retailer has no retail locations. Kroger describes the 60,000-square-foot spoke as “a last-mile, cross-dock” operation that features technology from U.K.-based partner Ocado Group PLC. The spoke allows Kroger to expand
NEW YORK — Ahold Delhaize’s Stop & Shop and GIANT Co. units are each making investments to strengthen their positions in key markets. Stop & Shop held a grand opening ceremony earlier this month at its newly remodeled Bay Plaza store in the Bronx, part of a $140 million capital infusion that over the next
ARLINGTON, Va. — For many shoppers, buying groceries is a hybrid affair, and it is likely to stay that way for the foreseeable future, as Americans balance the advantages of ordering online against a “deeply personal” relationship with food that lures them into the supermarket, according to the latest installment of an expansive shopper survey
BENTONVILLE, Ark. — Walmart says it plans to build four next-generation fulfillment centers that, combined with its existing facilities, will let it offer 95% of the U.S. population next- or two-day shipping on their online orders. The new facilities, the first of which is set to open this summer in Joliet, Ill., will use a
GOODLETTSVILLE, Tenn. — Dollar General has appointed 11 executives to new leadership roles. Matthew Simonsen has been promoted to senior vice president of real estate and development. Simonsen joined Dollar General in 2013, and has held roles in store operations, procurement, pricing, business analytics and merchandising planning. He joined the DG real estate and development
Amid the myriad retailing developments that have distinguished — for good or ill — the retail landscape thus far in 2022, perhaps the most surprising (though not entirely unexpected) alteration has been the emergence (or reemergence) of the supermarket segment of the mass retailing community. If this re-ignition has taken some industry people by surprise,
Sam Walton started what would become the world’s largest company by focusing on small towns where consumers lacked access to a broad range of quality merchandise at low prices. Now, six decades later, Walmart is following his playbook as it looks to expand its reach in health and wellness. The company, in conjunction with Medscape,
“Where were you in ’62?” That was the tagline for the 1973 movie American Graffiti, which offered a look back at a simpler time just 11 years before the film’s release date. The movie, written and directed by George Lucas (who would direct the first Star Wars movie just five years later), introduced American audiences
As retail costs balloon, certain products deflate. Across retail categories, more manufacturers are making products smaller to offset rising costs, a practice called shrinkflation, or downsizing. Retail costs keep climbing, as U.S. inflation hit its highest one-year price hike in more than 40 years in March 2022. Global supply chain disruption has made raw materials,