PepsiCo to buy poppi
The transaction is subject to customary closing conditions, including regulatory approval. Additional terms of the acquisition were not disclosed.
Retail News
Kroger announces new round of layoffs
This marks the grocery giant's second wave of layoffs in less than a month. In February, Kroger also announced reductions in non-store positions across the country.
Ulta Beauty posts strong Q4 results, issues weak guidance for 2025
Despite the positive Q4 performance, Ulta warned of a challenging year ahead, forecasting full-year sales below analysts’ estimates. Profit per share is also expected to be lower than Wall Street’s expectations.
CVS Health becomes first U.S. company to get Menopause-Friendly Accreditation
MiDOViA’s Menopause Friendly Accreditation recognizes organizations making impactful changes in menopause care beyond just awareness.
Dollar General says its core customers are struggling to make ends meet
DG's Q4 profits hurt by portfolio review, store closings.
Amazon restructures grocery business and lays off employees
Amazon's physical retail operations have faced challenges in recent years. Due to economic headwinds, Amazon Fresh paused the expansion of new locations in 2023.
FTC withdraws request for delay in Amazon antitrust trial
FTC attorney Jonathan Cohen retracted his previous statement in a letter to U.S. District Judge John Chun in Seattle.
FTC requests delay of Amazon antitrust trial
“We have lost employees in the agency, in our division, and on our case team,“ FTC attorney Jonathan Cohen stated.
RILA: Trade policies must protect consumers, not inflate prices
“We urge extreme caution in the use of tariffs to address unfair trade barriers to ensure that household budgets are not further squeezed by cost increases,” RILA said.
Consumer prices rose less than expected in February
Within the food category, egg prices surged 10.4% in February, bringing the 12-month increase to a staggering 58.8%
RFK Jr asks FDA to strengthen oversight of food additives
The initiative seeks to revise the FDA’s “Generally Recognized as Safe” (GRAS) Final Rule.
Albertsons expands hunger relief efforts with 1.5 billion meal commitment
The Nourishing Neighbors program will donate $10 million each year to fight food insecurity through focused initiatives.
Kroger launches e-commerce division to boost online growth
Kroger reported e-commerce sales of $13 billion in 2024, underscoring the growing importance of its online operations.
CVS unveils new small-format pharmacies
These smaller stores will stock essential over-the-counter medications and first aid products but will not carry many consumer goods found in CVS.
The Fresh Market opens its first Spirits & Wine store
The 7,000-square-foot retail space features a range of alcoholic beverages, including bourbon, whiskey, rum, vodka, and European and domestic wines.