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Scot Meyer

NRF’s Kleinhenz: Economy is in ‘critical moment’

NRF’s Kleinhenz: Economy is in ‘critical moment’

WASHINGTON – As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, the nation is in a “critical moment” of waiting to see what will happen next, according to National Retail Federation Chief Economist Jack Kleinhenz.

Video Forum: Sally Lyons Wyatt, Circana

Video Forum: Sally Lyons Wyatt, Circana

In the second of two installments, Sally Lyons Wyatt, global executive vice president and chief advisor for consumer goods and foodservice insights at Circana, talks about the changes that traditional supermarkets need to make to attract and retain younger shoppers.

Older Consumers Worth Wooing

Older Consumers Worth Wooing

Retailers and CPG companies focus their marketing efforts mainly on younger consumers, who they see as critical to their future growth. Fair enough. But older customers have a lot of money to spend.

Walmart Health shopping vacant clinics

Walmart Health shopping vacant clinics

Walmart is in the process of seeking buyers for its vacant health clinics, according to published reports. In April, Walmart announced the closure of all its medical centers and telehealth services, adding that its pharmacies at retail centers will continue to operate as normal.