Five Below net sales soar 23% in second quarter
Retailer on track to add about 150 stores this year and open its first locations in Puerto Rico in 2027.
Retail News
Bain: Holiday retail sales to reach record high
The forecast predicts record sales, but Bain noted that Growth conceals pressures that complicate the consumer spending outlook.
NRF joins PACT AI to shape standards for retail AI
The coalition aims to develop shared methods for evaluating AI systems as adoption grows and policymakers shape governance.
The Fresh Market joins Feeding America to end hunger this September
Retailer invites guests to round up at the register to support local food banks
Natural Grocers rolls out on-demand delivery nationwide through DoorDash
Customers can now shop thousands of Natural Grocers products online for on-demand delivery from all 174 stores nationwide
Kroger names Mark Ibbotson executive vice president and chief store operations officer
Ibbotson brings decades of experience leading large-scale retail operations through periods of significant transformation
FTC and 22 states sue Amazon over ad auction pricing
Regulators allege that Amazon used undisclosed surcharges to raise advertising costs while telling advertisers that its auctions followed a second-price model.
Circana, DoorDash to validate incremental sales for CPG brands
Partnership aims to give objective view of true business impact of advertising on DoorDash.
Walmart plans ‘next-generation’ fulfillment center in Georgia
High-density storage and automated order flows designed to double storage capacity and order throughput.
Sprouts names Nick Konat CEO as Jack Sinclair beomes executive chairman
Konat: “Looking ahead, I am confident in the opportunities before us and in our ability to build on our momentum and create long-term value for our shareholders.”
Adonis Mediterranean Market on Sauvé Street gets a fresh new look
More than $2.6 million invested to transform the store and enhance the customer shopping experience
GreyOrange brings physical AI to more than 3,800 retail stores
AI-powered store technology provides precise item-level visibility to improve inventory accuracy, sales and employee productivity for the world’s largest retailers
GIANT and MARTIN’S kickoff Hunger Action Month with $400,000 donation to local food banks
Company to partner with team members and customers to raise awareness and funds to support hunger relief
Dollar General builds on Feeding America partnership
The retailer highlights local hunger-relief efforts after contributing more than $6 million and helping provide the equivalent of 95 million meals since 2019.
OpenAI: ChatGPT Ads business hits $1 billion milestone
‘Tens of thousands of advertisers’ in 40 countries are using the platform.
Main Street businesses urge U.S. House to enact bipartisan penny legislation
As noted in the Main Street letter, the House passing S. 1525 is crucial for Main Street businesses and consumers to have certainty and consistency in cash transactions.