🛒 Expansion of Retailer's Own Brand Products in Grocery Industry.
Grocery stores have noticed a significant increase in the sale of private-label food products, as opposed to well-known branded items. This increase amounted to almost 11.3%, which is double the percentage growth seen by larger, well-known brands. CEOs are now realizing that consumers pay more attention to labels than previously thought.
In response to pushback from conservative activists, Target has decided to limit the in-store availability of its Pride Month Collection to roughly half of its 2,000 stores.
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
The Nordstrom family is looking into the possibility of taking their department store private, with a special committee set up to review potential bids.
Inditex, the parent company of Zara, saw a surge in its stock prices, hitting record highs after reporting robust early spring sales.
Macy’s announced plans to shutter 150 stores over three years and 50 by the end of 2024 following a fourth-quarter loss and declining sales.
Walmart's CEO, Doug McMillon, recently unveiled sweeping changes in customer shopping experiences during a fourth-quarter earnings call with investors.
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.
J.B. Hunt Transport Services has struck a long-term deal with Walmart, snagging their intermodal assets and committing to volume and capacity provisions.
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
Walmart has announced its acquisition of TV maker Vizio for $2.3 billion in cash, aiming to bolster its profitable advertising business.
Walmart, already a retail giant, is aiming to get even bigger. Over the next five years, the company plans to build or convert more than 150 large-format stores, with some expanding from smaller locations into Supercenters offering groceries and merchandise.
Walmart has unveiled its largest drone delivery expansion plan, covering 1.8 million households in the Dallas-Fort Worth area.
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.
Nike's shares tumbled over 10% after the company revised its revenue outlook for the fiscal year, anticipating just 1% growth instead of mid-single-digit growth, citing challenges in Greater China and EMEA, digital traffic softness, and a stronger U.S. dollar.
Amazon is feeling the pressure from fast-fashion app Shein and has decided to cut referral fees for cheap clothing items in an effort to compete.
In November, Americans increased their spending ahead of the holiday season, with retail sales rising by 0.3%, surpassing expectations and reversing the decline recorded in October.
A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.
Walmart's stock reached an all-time high, hitting $166.30, as investors anticipate the retail giant to outperform its competitors during the holiday season due to its reputation for offering value.
Holiday shoppers are expected to increase their spending this year, but their focus on value and deals is likely to limit growth to pre-pandemic levels, says the National Retail Federation (NRF).
Shein, the fast-fashion retailer with a reported valuation of $66 billion, is looking to go public but faces several hurdles.
Longtime Costco CEO Craig Jelinek will retire at the end of the year, and he will be succeeded by Ron Vachris, who has been with the company for 40 years.
Rite Aid, a debt-laden U.S. pharmacy chain, has filed for bankruptcy protection and plans to close underperforming stores, sell its pharmacy benefit subsidiary Elixir, and address lawsuits related to the sale of addictive opioid medications.
Belgium is investigating potential security risks related to China's Alibaba Group's presence at Liège Airport, where its main European logistics center is located.
Former Walmart U.S. CEO Bill Simon has highlighted that ongoing inflation and various economic pressures are impacting retailers' ability to offer bargains, leading American consumers to be more cautious with their spending.
"Retailers Face Record $112 Billion in Theft-Related Losses, Prompting Heightened Security Measures and Store Closures," says the 2023 National Retail Security Survey.
Target is closing nine stores in California, Oregon, New York, and Washington due to increasing thefts and organized retail crime that have put the safety of employees and customers at risk.
FTC Chair Lina Khan defended the agency's antitrust lawsuit against Amazon, emphasizing that it aims to protect free and fair competition rather than punish success.
U.S. retailers are gearing up for a cautious but steady holiday season, focusing on mid-range price items, according to a CNBC Supply Chain Survey.