2022

Dollar General’s sales and profits climb in Q3

GOODLETTSVILLE, Tenn. — Dollar General Corp.’s third quarter operating profit rose 10.5% to $735.5 million, as sales climbed 11.1% to $9.5 billion. Same-store sales for the period ended October 28 advanced 6.8%. “We are thankful to our team for their continued dedication to serving others, particularly in a challenging economic and operating environment,” said Jeff

Amazon rolls out Inspire app

SEATTLE — Amazon has launched Inspire — an in-app shopping experience that gives customers a new way to discover ideas, explore products and seamlessly shop from content created by other customers, influencers and brands they love. The app is rolling out to selected customers nationwide in early December, and will be available to all U.S.

CEOs defend merger of Albertsons and Kroger

CINCINNATI — Rodney McMullen, chairman and chief executive officer of Kroger Co., was joined by Albertsons Cos.’ CEO Vivek Sankaran last month in defending the companies’ proposed merger before a U.S. Senate subcommittee, whose members raised concerns over whether a combination of the nation’s two largest supermarket chains would harm consumers and workers. A merger

NRF: Record numbers turn out to shop

WASHINGTON — A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is

Costco misses estimates for first quarter results

ISSAQUAH, Wash. — Costco Wholesale Corp. posted gains in first quarter sales and profits, but they fell short of analysts’ estimates. Adjusted earnings per share of $3.07 in the quarter ended November 20 were up from $2.98 a year earlier, but missed Wall Street’s forecast of $3.11 per share. Sales were $53.44 billion, up 8.1%

Dollar Tree’s sales climb 8.1% in Q3

CHESAPEAKE, Va. — Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were

Commonsense answer needed for retail crime

Commonsense answer needed for retail crime

The newfound willingness of executives to publicly discuss retail crime and its impact on consumers is a welcome development. Walmart CEO Doug McMillon is the latest in a series of industry leaders — a group that includes Andre Persaud, Rite Aid’s chief retail officer, and Target CFO Michael Fiddelke — to address the problem. “Theft

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