MMR
Ingles Markets grapples with Hurricane Helene fallout, reports year-end losses
"We are truly thankful for all the volunteers and the outpouring of support for our region.”
Mastercard SpendingPulse: U.S. retail sales grew 3.8% this holiday season
“The value-minded consumer showed up to shop at brick-and-mortar stores and e-commerce platforms, with retailers managing across both to capture attention throughout the season."
Big Lots makes deal to save brand and keep hundreds of stores open
Transaction with Gordon Brothers Retail Partners will enable the transfer of assets to other retailers and companies, including variety wholesalers.
RangeMe Top Brands: General Merchandise
Discover the RangeMe Top 50 General Merchandise brands and more at RangeMe (www.rangeme.com).
Dollar Tree names Michael Creedon as permanent CEO
“His strategic vision, deep understanding of the business, and collaborative leadership have earned the trust of the entire organization.”
Food Lion Feeds' holiday hunger relief campaign provides record number of meals to families in need
“We are deeply grateful for our customers’ selflessness during a time when they are setting their own tables.”
NRF: 157 million consumers expected to shop on Super Saturday
"Over half of consumers expect to complete their shopping in the week leading up to the Christmas holiday.”
NACDS to Capitol Hill: Stand strong on PBM reform
NACDS: “As the continuing resolution is finalized, Americans and their pharmacies are watching and waiting for real PBM reform now to lower drug costs and to protect pharmacy access”.
Food inflation is mostly manageable, but price hikes for eggs and beef raise concerns
“As we approach the December holidays, consumers tell us they continue to feel confident in managing their grocery budgets.”
Albertsons sues Kroger, terminates $25 billion merger agreement after courts block deal
“Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement.”
Hy-Vee partners with Grocery TV to enhance its in-store advertising
Move will power one of the largest in-store retail media networks in U.S. grocery.
Hershey president and CEO Michele Buck to lead U.S. Confection business on an interim basis
Michael Del Pozzo, president of the U.S. Confection unit, is departing the company effective December 12.
WSJ: Walgreens in talks to sell itself to private equity firm Sycamore Partners
The article says that WBA and Sycamore Partners have been discussing a sale that could be completed early in 2025, citing unidentified sources "familiar with the matter."