Retail News
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."
PLMA names January 2025 its inaugural Store Brands Month
"We have an opportunity to further expand the presence and strength of the largest CPG brand in the store: private brands."
FMI study: Food shoppers prioritize budgeting and convenience for the holiday season
FMI's findings indicate that consumers leverage various strategies to maximize their purchasing power, such as hunting for discounts, choosing store brands, and mixing ready-made foods with home-cooked dishes.
Walmart Dominates PLMA's 2024 Salute to Excellence Awards with 18 wins
Retailer recognized for its bettergoods, Clear American, Equate, Great Value, Marketside and Vibrant Life brands.
Retail’s Big Win: October Sets Stage for Holiday Boom
As the holiday shopping season gains momentum, new data provides an optimistic outlook for retailers. Consumers’ willingness to spend amid stable economic conditions sets the stage for a vibrant holiday season.
Record-breaking Thanksgiving weekend shopping surge expected
“Consumers are focusing on meaningful gift-giving, and retailers are prepared to meet their needs with attractive deals and ample inventory.”
Dollar Tree makes key executive leadership appointments to drive future growth
Steve Schumacher has been promoted to executive vice president and chief people officer, while Jocelyn “Jocy” Konrad and Jason Nordin have been appointed to critical leadership roles in the Dollar Tree and Family Dollar banners.
