Deloitte predicts record spending on Black Friday and Cyber Monday
Seasonal shoppers focus on deals to make the most of every festive dollar this season.
Retail News
Meijer Announces 2024 Legacy Awards Recipients
Meijer honored exceptional team members with its 2024 Legacy Awards, recognizing individuals who embody the company’s core values of leadership, innovation, and service. Regional Vice President Maureen Mitchell received the prestigious Fred Meijer Award.
Publix appoints Doug Stalbaum vice president of finance
The announcement was made by CEO Kevin Murphy, who highlighted Stalbaum’s extensive experience and contributions to the company since joining in 2019.
Meijer plans to deliver four million meals to neighbors in need for Thanksgiving
During Thanksgiving week, when a customer includes Meijer brand food in their purchase, Meijer's Simply Give program will benefit a neighbor in need.
Cautious spending and cost pressures hit Target’s profitability
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%.
Circana’s Year-End 2024 Food and Beverage Market Outlook sees growth for 2025
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.
PLMA show celebrates 'The Store Brands Phenomenon'
“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.”
Wolters Kluwer: Amid retail pharmacy closures, 59% of Americans fear losing easy access to essential medications
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.
Research shows banks can boost fraud detection by more than ten-fold through better collaboration
Just one in four (27%) financial service and online retail businesses in EMEA currently employ consortia or fraud insight exchange initiatives.
E-commerce and AI propel Walmart’s impressive Q3 performance
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.
CVS Health names Dr. Sreekanth Chaguturu president, Health Care Delivery
Dr. Chaguturu replaces Mike Pykosz, who has decided to leave the company.
Merchants Payments Coalition pushes for "swipe" fee reform at Senate hearing
"Most consumers are unaware of these fees or their significant impact on the cost of goods, services, and the broader economy."
PLMA announces January 2025 as Store Brands Month
The partnership between retailers and manufacturers aims to drive consumer trial of store brands
New report reveals top security risks for U.S. retail chains
Cutting-edge technologies like video verification and voice-down commands demonstrate significant impact in reducing security incidents and enhancing store safety.
FMI study: Food shoppers prioritize budgeting and convenience for the holiday season
This renewed sense of confidence is reflected in shoppers' strategies for the holidays.
Walgreens thanks team members by closing most stores for Thanksgiving holiday
For the second year in a row, Walgreens has announced it will close most of its retail stores for the Thanksgiving holiday.
