December 13, 2021 by MMR
holiday shopping
2021, Issue 12-13-2021, Issues
WASHINGTON — Nearly 180 million Americans shopped during the five-day period from Thanksgiving Day through Cyber Monday, according to by the National Retail Federation (NRF) and Prosper Insights & Analytics. In total, 179.8 million unique shoppers made in-store and online purchases during the holiday weekend, exceeding NRF’s initial expectations by over 21 million. The figure
December 13, 2021 by MMR
Dollar General, Mexico
2021, Issue 12-13-2021, Issues
GOODLETTSVILLE, Tenn. — Dollar General, which last month opened its 18,000th store, is tapping new avenues of growth. The retailer said it will expand internationally for the first time, opening 10 stores in Mexico during fiscal 2022. Dollar General also said it plans to have 1,000 pOpshelf stores in operation by the end of fiscal
December 13, 2021 by Jeffrey Woldt
Instacart, omnichannel
2021, Issue 12-13-2021, Issues
SAN FRANCISCO — Buoyed by the recent boom in omnichannel retailing, Instacart is redoubling its efforts to cement a central role in the marketplace, extending existing relationships with retail partners, establishing new ones, and expanding the scope of activities to include services that directly touch what goes on inside the store. “Throughout the COVID-19 pandemic,
December 13, 2021 by MMR
cvs heath, health care
2021, Issue 12-13-2021, Issues
WOONSOCKET, R.I. — CVS Health said its sales will accelerate in the year ahead as it advances its reinvention as a multifaceted health care business. The announcement came during CVS’ investor day event, which presented company leaders with an opportunity to articulate how investment in high-growth areas of the business and the introduction of new
December 13, 2021 by MMR
november inflation
2021, Issue 12-13-2021, Issues
WASHINGTON — Prices of consumer goods in November were up 6.8% from a year earlier, the highest increase since 1982. The Labor Department also reported that prices climbed 0.8% from October to November — a significant rise, though less than the 0.9% increase a month earlier. Inflation has been hitting Americans hard, particularly lower-income households
December 13, 2021 by MMR
Kroger, third quarter
2021, Issue 12-13-2021, Issues
CINCINNATI — Kroger posted sales gains in the third quarter and raised its outlook for the year. Identical-store sales (excluding fuel) increased 3.1% compared to the prior-year quarter, and were up 14% on a two-year stacked basis. The two-year stack for digital sales increased 103%. Total company sales were $31.9 billion in the third quarter,
December 13, 2021 by MMR
Costco, Q1
2021, Issue 12-13-2021, Issues
ISSAQUAH, Wash. — Costco Wholesale Corp. reported strong results for the first quarter of fiscal 2022, with sales and earnings that beat analysts’ expectations. Net sales for the first quarter, which ended on November 21, increased 16.7% to $49.42 billion, up from $42.35 billion in the same quarter last year. Net income for the quarter
December 13, 2021 by MMR
Dollar Tree, price point
2021, Issue 12-13-2021, Issues
CHESAPEAKE, Va. — Dollar Tree Inc., which has long sold everything at its namesake stores at the single price point of $1 per item, is now planning to roll out a higher price point. The announcement came as the retailer reported third quarter results that were in line with Wall Street’s expectations. Dollar Tree’s consolidated
December 13, 2021 by MMR
GIANT, Philadelphia
2021, Issue 12-13-2021, Issues
PHILADELPHIA — As part of GIANT Co.’s commitment to making a difference in the local communities it serves, the chain has opened the first two of three new Philadelphia stores this month. The third store, GIANT Heirloom Market in the Fashion District, is due to open December 16. The first store opened at Columbus Boulevard
December 13, 2021 by MMR
CVS Health, Ohio, opioid epidemic, trial, Walgreens, Walmart
2021, Issue 12-13-2021, Issues
CLEVELAND — A federal jury last month found that pharmacies operated by CVS Health, Walgreens and Walmart contributed to the opioid epidemic in two Ohio counties, which had sued the retailers in 2018. Thousands of other lawsuits have been filed by state, county and local governments across the country charging that pharmacies were partly to
December 13, 2021 by David Pinto
Black Friday, David Pinto
2021, Issue 12-13-2021, Issues
Once upon a time, the term Black Friday was coined, and loosely accepted, as the day that the U.S. retail community slid into the black, turning a profit for the year. It was a loose interpretation of an otherwise impossible number to gauge; it was equally loosely adhered to by the retail community. After all,
December 13, 2021 by Jeffrey Woldt
COVID-19, Jeffrey Woldt
2021, Issue 12-13-2021, Issues
With the holiday selling season nearing an end, retailers are preparing to close the books on a calendar year characterized by major disruptions caused by COVID-19. Thanks to skillful executive leadership and the heroic efforts of frontline personnel, the nation’s food, drug and discount stores can look with satisfaction at a time when they fulfilled