October 10, 2022 by MMR
holiday sales, retailers
2022, Issue 10-10-2022, Issues
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
October 10, 2022 by MMR
Costco, Q4
2022, Issue 10-10-2022, Issues
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
October 10, 2022 by MMR
John Standley, Lee Cooper, Shields Health Solutions, Tracey Brown, Walgreens Boots Alliance
2022, Issue 10-10-2022, Issues
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.
October 10, 2022 by MMR
Dollar Tree, Michael Creedon Jr., Pedro Voyer
2022, Issue 10-10-2022, Issues
CHESAPEAKE, Va. — Dollar Tree Inc. last month announced two new executive hires as the company continues to overhaul its leadership team. Michael Creedon Jr. joins Dollar Tree as its chief operating officer, and Pedro Voyer assumes the role of chief development officer. Creedon comes to the discount retailer from Advance Auto Parts Inc., which
October 10, 2022 by MMR
FMI - The Food Industry Association, Food retailers, food suppliers, humger, Nutrition and Health, White House Conference on Hunger
2022, Issue 10-10-2022, Issues
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
October 10, 2022 by MMR
Roblox, Walmart, Walmart Land, Walmart’s Universe of Play
2022, Issue 10-10-2022, Issues
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.
October 10, 2022 by MMR
Q2, Rite Aid
2022, Issue 10-10-2022, Issues
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
October 10, 2022 by Scot Meyer
cart abandonment, Scot Meyer
2022, Issue 10-10-2022, Issues
Imagine if more than seven out of every 10 shoppers in a physical store, after pushing their carts down various aisles and picking out the products they wanted, simply abandoned those carts when they got to the checkout line, and left without buying anything. That’s exactly what’s happening online, according to a recent report by
October 10, 2022 by Jeffrey Woldt
hunger, Jeffrey Woldt, retailers
2022, Issue 10-10-2022, Issues
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
October 10, 2022 by Jason Reiser
Inflation, Jason Reiser
2022, Issue 10-10-2022, Issues
I saw a report from Bloomberg a little while ago that the Federal Reserve has a new plan to end high inflation — through a “growth recession” strategy. Worrisome, huh? The economist who first thought up “growth recession” likened it to a contained tiger — not a tiger running loose, but not a paper tiger