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.
Retail News
Bayer, Kroger team with Luke Bryan and Feeding America
CINCINNATI – Bayer and Kroger joined forces with country music star Luke Bryan and Feeding America to bring healthy food to more families who need it.
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
Circana launches Liquid AI to support faster decisions
Circana has launched Liquid AI, the next generation of Liquid Data, empowering clients to make better, more informed decisions faster than ever before.
CNBC/NRF report sees moderate sales growth
WASHINGTON – Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor released Friday by the National Retail Federation.
Meijers opens Noblesville location
Meijer has opened a new 90,000-square-foot Meijer Grocery store in Noblesville, Indiana. “As we celebrate our 90th year as a family-owned retailer, we’re excited to bring our shopping experience to customers in Hamilton County for added convenience near home,” executive chairman Hank Meijer said.
NRF: Back-to-school shopping has already begun
WASHINGTON – More than half (55%) of back-to-school and college shoppers have already begun buying items for the upcoming school year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
Dollar General extends Feeding America Partnership
Dollar General has extended its partnership with Feeding America for a fourth year, pledging an additional $1 million to support the organization’s efforts to address food insecurity. Dollar General says food insecurity currently affects about 44 million Americans.
Costco to raise membership fees in September
Costco Wholesale Corp. said it will increase its annual membership fees in the United States and Canada, effective September 1.
Most back-to-school shopping to happen in stores
Stores remain the preferred destination for back-to-school shopping, according to Sensormatic Solutions’ 2024 U.S. Back-to-School Consumer Sentiment Survey, which found that 74% of consumers plan to conduct their back-to-school shopping in-store.
NRF Releases 2024 List of Top 100 Retailers
WASHINGTON – The National Retail Federation has released its annual list of the Top 100 Retailers. Compiled by Kantar, the list ranks the industry’s largest retail companies by their U.S. sales.
Store brands set new market share records
Store brands reached all-time highs in both unit and dollar share during the first six months of 2024, compared to the same period a year ago, according to new Circana sales data provided exclusively to PLMA. Unit market share was 22.9% and dollar market share was 20.4%, as of June 16. “These
Kroger lists stores it will divest for merger deal
Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons Cos. goes through. The 579 stores owned by both retailers are located in 18 states and Washington D.C.
LeBlanc named merchandising VP for beauty, personal care at CVS
Michelle LeBlanc was appointed vice president of merchandising for beauty, personal care and Hispanic Center of Excellence (CoE) by CVS Health.
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.