Target Q2 profit beats forecasts, but sales decline again
Shares dropped despite strong profits, as investors reacted to weak traffic and CEO Brian Cornell's plan to step down for executive Michael Fiddelke.
Retail News
Target's CEO Brian Cornell to step down, Michael Fiddelke named new CEO
Cornell to serve as executive chair of Target's board of directors.
Wakefern selects NIQ to advance customer first approach
Wakefern will leverage NIQ’s advanced software and analytics to support program operations and processes, enhance supplier engagement, and deliver greater value to customers.
Circana reports prestige beauty sector up for first half of 2025
“The beauty industry’s latest results are indicative of a consumer who is focused on efficacy and elevated value.”
Food industry embraces and fears the ‘MAHA’ movement
Packaged food makers and retailers are changing products and marketing to match the “Make America Healthy Again” movement, but the political landscape makes it risky.
H-E-B expands DFW footprint with Prosper store
The Prosper store joins eight other H-E-B locations and two Joe V’s Smart Shop stores that the retailer has opened in the DFW area since 2022.
End of an era: Kum & Go fades as Maverik consolidates
From layoffs in Des Moines to Mega Saver’s quiet debut in Okoboji, the Maverik–Kum & Go transition is reshaping the Iowa convenience store landscape.
Wawa launches Tennessee expansion with plans for 50 stores
The company projects more than 1,750 permanent jobs will be created in the state as part of the expansion.
Publix expands Kentucky presence with three new stores
Florida grocer signs leases in Georgetown, Louisville and Owensboro
Families hunt for deals as back-to-school spending rises
Shoppers are more cost-conscious than ever, with 57% citing price as their top priority when buying back-to-school items, up from 52% last year.
7-Eleven rehires Dave Strachan
His return as Vice President and Chief of Staff to CEO Joseph DePinto comes at a pivotal moment for 7-Eleven.
Circana forecasts continued U.S. food and beverage resilience
“The CPG industry must strategically identify ways to stimulate demand and remain profitable.”
Dollar General Literacy Foundation awards $3.5 million in youth literacy grants
The grants will fund professional development and buy books, technology, equipment, and other materials to support K-12 literacy programs.
Instacart names Etsy CEO Josh Silverman to Board of Directors
“I’m honored to join Instacart’s Board of Directors at such a pivotal moment for the company,” said Silverman.
FMI: Four stats that prove the value of fresh departments
Fresh foods boost grocery growth through strong sales, stability, and expanding influence online and in-store.
Ex-Kroger CEO ordered to explain abrupt resignation in lawsuit tied to singer Jewel
Rodney McMullen's legal team has argued that the order is “completely irrelevant” and “embarrassing.”