Value retailers proving more appealing to consumers, but low prices alone are not enough
Coresight Research and Placer.ai highlight some of the winners and losers in the current economic moment
Scot Meyer
Amazon reports profitable Q2, but offers a cautious outlook for Q3
Net sales increased 10% to $148.0 billion in the quarter
Walmart says a new era of 'Adaptive Retail' is here
Walmart commissioned Morning Consult to conduct a survey of more than 2,200 U.S. shoppers.
Building a Sustainable Future
Panelists at Coresight's NextGen Commerce 24 discuss the role of tech in retail and the supply chain.
Whole Foods sets debut of ‘Daily Shop’ format
The first Whole Foods Market Daily Shop location is set to open on the Upper East Side of Manhattan, at 1175 Third Avenue, this fall. The company also announced today the second future location for the Whole Foods Market Daily Shop format, at 301 West 50th Street, in Hell’s Kitchen.
Market Performance Group acquires Wodika Devine
Market Performance Group (MPG) has acquired Wodika Devine, a renowned boutique manufacturers’ representative company. The acquisition is a natural progression for MPG, which continues to expand its retailer-specific capabilities to drive success at grocery retailers nationwide.
DG aims to be one-stop shop for back-to-school
Dollar General is positioning its stores as one-stop shops for back-to-school season, offering a wide array of school essentials while prioritizing quality and affordability.
Rite Aid informs consumers about security incident
Rite Aid Corp. is alerting its customers about an incident that may have resulted in the leak of some personal information. The company said it is mailing letters to any potentially affected consumer associated with a mailing address in our systems.
Back-to-school spending flattens amid fiscal concerns
Back-to-School spending for K-12 students is expected to remain flat at $586 per student, according to a report from Deloitte.
FTI says online retail sales to hit $1.2 Trillion
U.S. online retail sales will reach $1.2 trillion in 2024, up nearly 10% from last year, according to FTI Consulting’s 2024 Online Retail Report. The firm’s Retail & Consumer Products practice, which conducted analysis for the report, expects U.S. e-commerce sales to account for 22.
Stop & Shop to close 32 underperforming stores
Stop & Shop said Friday that it will close 32 underperforming stores by year-end. The closures will leave the Ahold Delhaize chain with more than 350 stores across its five-state footprint. “Stop & Shop is proud of the deep roots and community ties we have developed as a neighborhood grocer of more