1. QuickWit Weekly

QuickWit Weekly (6/20): Last Week’s Top Retail News

Check out the Trending Topics of the week.

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Last week’s most read and most interesting stories.

  • Kroger reports a solid Q1 and raises guidance for 2022
  • Walmart and Roku team up
  • Target to have bigger “Target Deal Days”
  • US Retail Sales slow down
  • Amazon drone deliveries are coming!
  • And more!
Kroger Press Releases

Kroger Reports First Quarter 2022 Results and Raises Full-Year Guidance

“Kroger achieved strong first quarter results as we successfully executed on our strategy of Leading with Fresh and Accelerating with Digital. We are incredibly proud of our associates who continue to put the customer at the center of everything we do.

Our team is doing an outstanding job managing costs in an inflationary environment, which is allowing us to continue to invest in our associates while providing our customers the freshest food at affordable prices when and where they need it. We are delivering everyday value through personalized experiences, trusted Our Brands products, data-driven promotions, and seamless e-commerce solutions.

Looking ahead, we are well positioned to continue delivering for our customers, investing in our associates, and driving sustainable returns for shareholders.”

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Bogdan Dreava

U.S. retail sales see slight May decline

Commerce reported that May retail sales—at $672.9 billion—were down 0.3% compared to April, while seeing an 8.1% annual gain. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to May retail sales being flat on a seasonally-adjusted basis compared to April and up 6.7% on an unadjusted basis annually.

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