Target's third-quarter results showed modest 0.3% sales growth, driven by higher traffic and strong digital performance. However, profitability fell short due to rising costs and cautious consumer spending. The retailer lowered its full-year earnings forecast, and its stock plunged over 20%.
Dollar sales in the F&B sector rose by 2.6% this year, driven by a 1.6% increase in price/mix and a 1.1% boost in volume sales.
“One in two U.S. grocery shoppers consider a store’s private brand when choosing where to shop. And nine in 10 are likely to continue to buy private brands even if grocery prices decline.”
With more drugstore and retail clinic closures announced, American consumers are worried about accessing affordable care nearby while many are more open to new technologies like AI chatbots and QR codes to support their medication needs.
Just one in four (27%) financial service and online retail businesses in EMEA currently employ consortia or fraud insight exchange initiatives.
Walmart delivered a standout Q3 FY2025 performance, surpassing revenue expectations with strong growth in e-commerce and advertising. With raised full-year guidance and a value-driven strategy, the retail giant is poised for continued success this holiday.
Dr. Chaguturu replaces Mike Pykosz, who has decided to leave the company.
"Most consumers are unaware of these fees or their significant impact on the cost of goods, services, and the broader economy."
The partnership between retailers and manufacturers aims to drive consumer trial of store brands
Cutting-edge technologies like video verification and voice-down commands demonstrate significant impact in reducing security incidents and enhancing store safety.
This renewed sense of confidence is reflected in shoppers' strategies for the holidays.
For the second year in a row, Walgreens has announced it will close most of its retail stores for the Thanksgiving holiday.
These moves follow productive engagement with Glenview Capital Management.
The National Community Pharmacists Association in a statement urged incoming HHS Secretary RFK Jr. to prioritize reforming PBMs and insurers.
A federal judge ruled that a court, not an arbitrator, must decide whether claims against CVS in a class action lawsuit should be arbitrated. The decision challenges CVS's arbitration practices and could have significant implications for future cases.
This marks a slight increase from the previous high of 182 million shoppers recorded in 2023, and a significant rise of 18.1 million shoppers compared to five years ago.
