Consumers ‘willing to spend’ even as growth slows
WASHINGTON – NRF chief economist Jack Kleinhenz says shoppers are still spending money in retail stores even as smaller wage gains and high interest rates slow consumer spending growth. “U.S.
Retail News
EV charging ports to be deployed by FLO and METRO
QUEBEC City, Canada – FLO, a leading North American electric vehicle (EV) charging company and METRO Inc. announced a new partnership to provide fast charging at more than 130 grocery store locations across Quebec and Ontario.
Innovation fuels growth: Store brand beauty industry witnesses double-digit growth
From Family Dollar’s hyaluronic acid serum to Sephora’s volumizing mascara, product innovation has led to the rapid rise of the store brand beauty and personal care market. Total dollar sales of the private label beauty department rose 10.4% to $3.9 billion last year vs.
Father’s Day spending to hit $22.4 billion
WASHINGTON – Father’s Day spending is expected to reach $22.4 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This is the second-highest figure in the survey’s history and on par with last year’s record of $22.
SpartanNash names Graham McIvor VP for merchandising and pharmacy
GRAND RAPIDS, Mich. – Food solutions company SpartanNash announced the appointment of Graham McIvor as vice president, Merchandising and Pharmacy, effective immediately.
Massive untapped potential for in-store retail media according to new eMarketer data
CHICAGO – CoolerX (formerly Cooler Screens), the technology company powering the in-store retail media and merchandising revolution, today emphasized brand-new data from eMarketer underscoring the significant growth opportunities for in-store retail media advertising.
Costco turns in strong third quarter performance
Costco Wholesale Corp. reported net sales of $57.39 billion for its fiscal third quarter, up 9.1% over the prior year quarter. Net sales for the 36-week year-to-date period increased 7%, to $171.44 billion.
Hy-Vee dietitians to offer 2,000 free omega-3 index screenings in June
Hy-Vee, Inc. announced today that it will provide 2,000 free omega-3 index screenings during June at select Hy-Vee stores throughout its eight-state region as a part of Alzheimer’s and Brain Awareness Month. Omega-3 fatty acids are essential to the body as they support a healthy heart and brain.
FMI teams on cybersecurity, threat assessment
WASHINGTON – FMI, The Food Industry Association, is partnering with an organization that monitors and helps address cybersecurity and other threats. FMI is one of three trade groups joining forces with the Food and Agriculture Information Sharing and Analysis Center (Food and Ag-ISAC).
Dollar General’s first quarter results top forecasts
Dollar General Corp. cited an increase in customer traffic and market share gains in posting financial results for its first quarter that surpassed analysts’ forecasts. Net sales for the 13 weeks to May 3 increased 6.1% to $9.9 billion. Same-store sales were up 2.
Kroger Health’s Nourishing Change Conference to target the future of health and wellbeing
Kroger Health announced its Nourishing Change Conference, which will take place beginning on the evening of Monday, July 15 through Wednesday, July 17, 2024, at the Hard Rock Casino in Cincinnati.
Dollar Tree acquires rights to 99 Cents Only Stores
Dollar Tree Inc. today said it has acquired the designation rights to 170 leases of 99 Cents Only Stores in four states: Arizona, California, Nevada and Texas.
Walgreens introduces Summer of Savings
Walgreens has introduced more opportunities for consumers to save throughout the season and beyond. The company also plans to introduce a series of promotional campaigns, including the return of Walgreens popular myW Days in mid-July.
Walmart supports Northwest Arkansas community following severe storms
Walmart Inc., in partnership with the Walmart Foundation, is taking steps to aid its hometown following severe storms and tornadoes that left many across Northwest Arkansas with damage to their homes and without electricity.
Meijer to open first grocery format store in Indiana
Meijer will open its new 90,000-square-foot grocery format store on July 11 at the Promenade of Noblesville, Ind., the retailer said on Tuesday. This is Meijer’s first grocery format store in Indiana, where it will complement the retailer’s 42 supercenters in the state.
Walgreens to host community health fair in Puerto Rico
As a trusted health and wellness destination in Puerto Rico, Walgreens is bringing the community together in San Juan by launching its first community health fair, “Walgreens en tu Comunidad,” to offer health-related education, screenings and vaccinations.