WASHINGTON – Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.
Target plans to woo holiday shoppers with special deals, unique merchandise and an easy shopping experience, the retailer said Tuesday.
In August 2023, U.S. retail sales revenue, including both discretionary general merchandise and consumer packaged goods (CPG), remained unchanged compared to the same month last year, and unit sales declined 2%.
Holiday retail sales are likely to increase between 3.5% and 4.6% in 2023, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice projects holiday sales will total $1.54 to $1.56 trillion during the November to January timeframe.
Kellogg Co. announced that its Board of Directors formally approved the previously announced separation into two independent, publicly traded companies, Kellanova and WK Kellogg Co.
The J. M. Smucker Co. announced today the signing of a definitive agreement to acquire Hostess Brands, Inc. for $34.25 per share in a cash and stock transaction, representing a total enterprise value of approximately $5.6 billion, which includes approximately $900 million of net debt.
The Kroger Co. today said revenue declined in the second quarter of fiscal 2023 as the rate of inflation slowed. Kroger reported net sales of $33.8 billion for the three months to August 12, down from $34.6 billion in the comparable period a year ago. Kroger reiterated its forecast for the full year
The Kroger Co. and Albertsons Cos, today announced that they have entered a definitive agreement with C&S Wholesale Grocers LLC for the sale of 413 stores and other assets s in connection with the supermarket retailers’ proposed merger. The agreement also calls for Keene, N.H.
NEW YORK – C&S Wholesale Grocers is reportedly in talks to potentially buy grocery stores from Kroger and Albertsons as the retailers pursue regulatory approval of a proposed merger that could require divestiture of hundreds of supermarkets.
Walgreens Boots Alliance (WBA) announced Friday that the board of directors and Rosalind Brewer have mutually agreed that Brewer will step down as the company’s chief executive officer (CEO) and as a member of the board, as of August 31, 2023.
Dollar General Corp. today reported a 24.2% decline in operating profit for its fiscal second quarter. Same-store sales declined 0.1% in the 13 weeks to August 4. Contributions from newly opened stores drove a 3.9% increase in net sales from a year earlier, to $9.8 billion.
Cencora, Inc. today announced the completion of its name and stock ticker change from AmerisourceBergen Corporation, marking the latest stage of the company’s evolution as a leader in global pharmaceutical services.
Sometimes the way we track consumer dollars just doesn’t make sense. Despite consumers’ voiced concerns about inflation and finances, retail spend continues to grow and consumers continue to plan vacations. Even consumers themselves aren’t sure where they stand.
ISSAQUAH, Wash. – Costco Wholesale Corp. announced the election of Helena Foulkes to its board of directors. Foulkes is a former CVS Pharmacy president with more than 25 years of experience at the pharmacy retailer.
BENTONVILLE, Ark. – Walmart today posted fiscal second quarter sales and profits that exceeded Wall Street’s expectations and raised its fiscal 2024 outlook to reflect management’s optimism in the company’s continued ability to attract customers to its stores and digital platforms.
Aldi today announced it has agreed to acquire Winn-Dixie and Harveys Supermarket locations from Southeastern Grocers, as the Jacksonville, Fla.-based retailer continues to divest supermarket assets.
