BJ’s Wholesale Club announces first membership fee increase in seven years
The fee increase and added benefits reflect BJ’s strategy to strengthen its value proposition for members while maintaining long-term growth.
Retail News
Circana: Election uncertainty and early promotions weigh on retail sales in November
“Now that some of the election uncertainty has passed, consumers can focus on holiday shopping, but that comes with another set of distractions.”
CVS, Cigna, and UnitedHealth sue FTC, claiming PBM probe is unconstitutional
This is the latest move in a bitter legal fight between the three largest pharmacy benefit managers, or PBMs, in the U.S. and the FTC.
Circana report highlights the importance of SNAP shoppers for retailers and brands
“With one in eight Americans relying on SNAP for their nutritional needs, this group represents a critical segment for retailers and manufacturers.”
Target stock plummets after Q3 earnings miss
Target reported mixed third-quarter results, with profits falling short due to cautious consumer spending and elevated operational costs. The retailer’s stock plunged over 20% as it lowered its full-year forecast and faced continued challenges in discretionary categories.
Food Lion Feeds Foundation distributes $1.4 Million in grants to combat hunger in 2024
“At Food Lion, we believe no one should have to choose between dinner and rent or gas and groceries.”
PLMA show celebrates 'The Store Brands Phenomenon'
“One in two U.S. grocery shoppers consider a store’s private brand when choosing where to shop. And nine in 10 are likely to continue to buy private brands even if grocery prices decline.”
FMI applauds Senate hearing on Credit Card Competition Act to address rising "swipe" fees
"Card networks and banks earn more from a grocery purchase than the store itself, forcing consumers to bear these fees through higher prices.”
CVS Health names Dr. Sreekanth Chaguturu president, Health Care Delivery
Dr. Chaguturu replaces Mike Pykosz, who has decided to leave the company.
Walmart’s Q3 earnings beat estimates as holiday optimism builds
Walmart delivered robust Q3 FY2025 results, with revenue reaching $169.59 billion and adjusted earnings per share surpassing estimates. The company raised its full-year guidance, driven by strong growth in e-commerce, advertising, and grocery sales ahead of the holiday season.
Merchants Payments Coalition pushes for "swipe" fee reform at Senate hearing
"Most consumers are unaware of these fees or their significant impact on the cost of goods, services, and the broader economy."
Dollar General launches holiday food discounts to help customers make affordable, healthy meals
"At Dollar General, we understand that access to nutritious food is critical. Our team works relentlessly to make healthier options both affordable and accessible for customers and communities."