Pilot Pen G2 Edge

Issue 10-10-2022

Modest growth seen for holiday sales

NEW YORK — Reports on the retail outlook ahead of the crucial year-end holidays have found shoppers feeling thrifty as inflation pushes up prices for groceries and other daily essentials. The mood has retailers preparing for modest growth in holiday sales, with gains driven largely by inflation. “This holiday retail season is bound to be

Costco posts 15% Q4 sales increase

ISSAQUAH, Wash. — Costco Wholesale Corp. said foot traffic was up in its fourth quarter, and average tickets were bigger as the warehouse club’s members cope with inflation. Net sales increased 15.2% to $72.7 billion in the 16-week quarter ended August 28. Comparable-store sales rose nearly 14%, and digital sales were up 7.1%. For the

Cooper and Brown take the helm at Walgreens

DEERFIELD, Ill. — Walgreens Boots Alliance last month announced a new leadership structure for its U.S. business following WBA’s full acquisition of Shields Health Solutions and the planned exit of Walgreens president John Standley, who is leaving the company to pursue other ­opportunities. The U.S. business has been split into two segments: Retail and Pharmacy.

Food retailers commit to reducing hunger and boosting nutrition

NEW YORK — Food retailers and suppliers are making ambitious commitments to help reduce hunger and stem chronic diet-related health conditions, according to FMI — The Food Industry Association, which announced the commitments September 28 following the White House Conference on Hunger, Nutrition and Health, an event intended to galvanize action by anti-hunger and nutrition

Walmart enters Roblox metaverse

BENTONVILLE, Ark. — Wal­mart has launched two new immersive virtual experiences on Roblox, a metaverse gaming platform. Called Walmart Land and Walmart’s Universe of Play, the spaces are meant to offer unique interactive content and entertainment for Gen Z shoppers, allowing them to access the best of Walmart in a virtual world, the company said.

Rite Aid reports mixed results for second quarter

PHILADELPHIA — Rite Aid posted mixed results for the second quarter of its 2023 fiscal year, with sales that beat analysts’ expectations but were accompanied by a larger-than-expected loss. The company’s $5.9 billion in revenue topped Wall Street’s forecast of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated

Retailers on front line in fight against hunger

For the first time since 1969, the White House convened a conference on hunger, nutrition and health. The meeting, which late last month brought together government officials and leaders from the business, civic, philanthropic and academic sectors, was intended to put the country on course to achieve two of President Biden’s major objectives — ending