MINNEAPOLIS — Target Corp. is closing nine stores in four states later this month, saying theft and organized retail crime are making the locations unsustainable and threatening the safety of employees and customers. Target set October 21 as the closing date for one store in Manhattan, two in Seattle, three in the Bay Area and
WAYNE, Pa. — The Emerson Group’s highly anticipated Industry Day is set for October 11. This all-encompassing virtual event will spotlight the health, wellness and beauty sector’s most prominent thinkers and change agents, including retail experts, innovative brand leaders and visionary speakers. Guest speakers include: Scott Galloway, NYU professor and analyst; Scott Snook, executive fellow
WASHINGTON — The National Association of Chain Drug Stores is delivering on a commitment made last year at a White House conference on hunger and nutrition with the launch of a national public education campaign aimed at helping Americans reduce risks of diet-related conditions. Nourish My Health was introduced last month as a collaborative campaign
SEATTLE — The Federal Trade Commission and 17 state attorneys general filed a lawsuit against Amazon.com Inc. on September 26 alleging that the company is a monopoly that uses “anticompetitive and unfair strategies” that harm rivals and consumers and stifle innovation. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly
NEW YORK — Retailers can expect a low-single-digit increase in holiday season sales, according to a slew of preseason forecasts. Citing “continued consumer resilience,” the authors of the Mastercard SpendingPulse foresee a 3.7% increase in spending compared with a year ago. Deloitte’s annual holiday retail forecast pegs the increased spending at between 3.4% and 4.6%.
ISSAQUAH, Wash. — Costco Wholesale Corp. exceeded Wall Street’s expectations in posting quarterly financial results that featured continued growth but at a slower pace. Members made more trips to the warehouse clubs but spent less. Shoppers shunned bigger-ticket items, but the groceries category was a sales driver in the 17-week quarter ended September 3. Net
DALLAS, Ga. — Walmart has debuted its first pet services center here, in a dedicated storefront where customers can get veterinary care for their pets as well as services including grooming. “We’re uniquely positioned to offer significant savings to customers for all their pet care needs,” Kaitlyn Shadiow, vice president of merchandising for pets at Walmart
WASHINGTON – Retailers and retail advocates are welcoming the announcement by the Supreme Court that it will take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Illinois Democratic Sen. Dick Durbin to the 2010 Dodd-Frank Act directed the central bank to set a “reasonable”
JOHNSTOWN, Colo. — Kroger Co. last month opened its newest fulfillment “spoke” here, a facility that allows the grocery retailer to expand the reach of a customer fulfillment center (CFC) already operating in the Denver metro area and powered by technology from U.K.-based Ocado Group PLC. The CFC, or hub, was launched last spring in
GOODLETTSVILLE, Tenn. — Dollar General completed its transcontinental expansion last month with the opening of its first store in Montana. “Today marks an exciting milestone in our history as we extend our ability to provide customers with convenient and affordable access to household essentials throughout all 48 continental states,” Steve Deckard, Dollar General’s executive vice
The health care sector in the United States is worth about $4.4 billion — about the size of Japan’s entire economy, which is the third-largest in the world, behind only those of the U.S. and China. That’s another way of saying that the U.S. health care industry is massive, notes XIL Health and Visory Health
Sam’s Club has changed considerably in 40 years. As the special section elsewhere in this issue amply illustrates, the retailer, a division of Walmart, has found numerous ways to enhance the membership warehouse club format, while adhering to the fundamentals of the concept. When Sam’s made its debut In 1983, the bare-bones clubs sold a