Cofounder Tim Barry steps down as CEO of VillageMD
Chief operating officer Jim Murray is stepping in as interim CEO as Barry leaves the company.
Retail News
H-E-B expands its Austin footprint with new stores, renovations, and community investments
"We are incredibly excited to continue providing the greater Austin area with stores that are new, expanded, and remodeled.”
Target launches Cyber Monday deals with up to 50% off on holiday must-haves
“Our Cyber Monday sale invites families to shop for the season’s hottest gifts without stretching their budgets or adding to their busy schedules.”
Black Friday sales were up over 2023, led by e-commerce gains
Retail sales on Black Friday were 3.4% higher than they were on the comparable day last year, according to Mastercard SpendingPulse.
Dollar General launching '24 Days of Savings' holiday campaign
“With the stress of fewer shopping days between Thanksgiving and Christmas this year, we wanted to find a fun way for our customers to plan for and capture upcoming deep discounts on hot items.”
Deloitte predicts record spending on Black Friday and Cyber Monday
Seasonal shoppers focus on deals to make the most of every festive dollar this season.
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.
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.”