Sue Gove Bed Bath & Beyond Bed Bath & Beyond said Wednesday it has appointed interim CEO Sue Gove to the position permanently. The company’s shares were flat in early trading Wednesday a...
Tag: Walmart Inc
Beyond Meat’s steak substitute coming to grocery stores
Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, J...
Walmart adds new Joyspun intimates and sleepwear brand in relaunch
Walmart has rolled out Joyspun, a new intimates and sleepwear line. It will replace one of its most popular apparel brands, Secret Treasures. Walmart Walmart is overhauling one of its most popular app...
I like Procter & Gamble over Walmart
Iron Mountain Inc: “Right now I don’t want to back away from it. … We may have to do new work on Iron Mountain to see if it’s as safe as we think it is.” McKesson Corp: &...
Inflation-weary shoppers to see more holiday sales, discounts in 2022
People walk stores offering sales at a shopping mall in Santa Anita, California on December 20, 2021. Frederic J. Brown | AFP | Getty Images Grocery and energy prices have spiked, and credit card inte...
Target to sell Caraway cookware in stores
Some of Caraway’s pots and pans are now sold by Target stores. About 350 of the big-box retailer’s locations are carrying the products in time for the holidays. Courtesy of Caraway Online ...
Kroger agrees to buy Albertsons for $24.6 billion
Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had...
How Kroger plans to win over regulators, investors
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Kroger knows it needs the blessing of investors and federal regulators to pull off...
The 2022 holiday shopping season has started
Amazon’s Prime Early Access Sale may be over, but the discounts have only just begun. “Black Friday is here,” said Julie Ramhold, a consumer analyst at DealNews.com, noting that sale...
Albertsons merger with Kroger could be announced this week
Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber. Shares of Albertsons jumped and were briefly halted on Thursday morning after new...
Online holiday spending expected to be weak after months of early discounting
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images After months of sales and markdowns from re...
Halloween items like 12-foot Home Depot skeleton are key to retail strategy
A child looks at a halloween costume on the rack. At the Target department store in Exeter Township Tuesday afternoon for a story on halloween costumes. Ben Hasty | Medianews Group | Getty Images In t...
Here are the best deals
Amazon’s Prime Early Access sale: What’s in store When Amazon’s sale kicks off Oct. 11, expect to find the best discounts on Amazon devices, such as the Kindle, Echo and Fire TV stre...
Don’t expect cable TV-like package for streaming services any time soon
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images A contradiction is developing in the world of streami...
Walmart bets inflation will push customers to join subscription service
Walmart launched its subscription service, Walmart+ in 2020. It has added perks, including deeper gas discounts and free access to Paramount+. Walmart Americans have tons of subscriptions. Even with i...
What Kroger, Walmart, Target learned from China about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an o...
Why Target Canada could not beat Walmart, Costco and Giant Tiger
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and i...
Target plans to hire 100,000 seasonal workers and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers fo...
FedEx’s warning reflects both global economy and internal shortcomings
A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, le...
Walmart plans to hire 40,000 workers for the holiday season
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart announced Wednesday that it will be hiring 40,000 seasonal and ful...
Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clot...
Holiday shopping season expected to be muted amid high inflation
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Retailers are scrambling to prepare for the fast-approaching holiday shopping ...
Where Walmart, Amazon, Target are spending billions in slowing economy
A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston ...
Inflation fears spur shoppers to get early jump on year-end holidays
Inflation is a Scrooge. Although the holiday season is still months away, consumers are already concerned about how they will afford this year’s gifts as prices continue to rise, several studies...
Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the reta...
Bed Bath & Beyond picks interim CFO after Gustavo Arnal suicide
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond on Tuesday said it tapped its chief accounting officer, Laura Crossen, as interi...
Walmart-owned Sam’s Club raises annual membership fee for first time in 9 years
A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images Walmart-owned Sam’s Club said Wednesday it will raise its annual fees this fa...
Walmart invests in ranchers’ company as shoppers favor premium beef
The assortment in Walmart’s beef department has reflected changing consumer preferences, as more of them opt for higher quality cuts of meat. Melissa Repko | CNBC As more grocery shoppers opt fo...
Best Buy (BBY) Q2 2023 earnings
Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pull...