Kroger Forecasts Upbeat 2024 As Grocery Demand Stays Strong
Leading US grocer Kroger yesterday forecast annual sales and profit largely above Wall Street estimates, betting on higher demand for groceries at its stores,...
Walmart Boosts Its Augmented Reality Offerings
Walmart is enhancing its Beauty Virtual Try-On feature, which launched last year, so that it now includes hair colour products.
The tool allows people to...
Merger Of Kroger And Albertsons Faces Block Over Price Rise Concerns
The largest supermarket merger in US history could be blocked by the country’s antitrust watchdog after it filed a lawsuit, alleging the $25bn deal...
Good Quarter For Walmart But Inflation Still An Issue
The world’s largest retailer has reported strong fourth-quarter figures but noted that prices for some of its products did not decline as much as...
Target Creates Its Cheapest In-Store Brand As Consumers Are Squeezed
US retailer Target is taking aim at budget-conscious customers with a new inexpensive brand with prices for everyday basics that start at less than...
Walmart In Talks To Buy Vizio To Bolster Its Advertising Business
Walmart is in talks to buy smart television manufacturer Vizio for more than $2bn, a move that could bolster its advertising business and give...
Costco Hires Kroger Exec To Replace Veteran CFO
Costco announced yesterday that its Chief Financial Officer Richard Galanti was stepping down after nearly four decades in the role.
He will be succeeded by...
Walmart Plans To Add More Than 150 Large-Format Stores
Walmart already has a huge US footprint. But the retail giant sees room to get even bigger.
Read the full article on the CNBC website
NAM...
How US Retailers Are Using AI To Combat Theft
Facing a surge in crime, retailers at NRF ’24 shared insights on how they’re using tech to provide a secure shopping environment and reduce...
Strong US Christmas Sales Underline Consumer Resilience
US consumers defied inflation to ring in a solid 2023 holiday shopping season, fueled by a strong appetite for beauty products, apparel and electronics...