The top news and stories in retail:
- Grocery Tech Graveyard
- Venture capital ghosts
- What is next for Metaverse Retail
- Dollar General New CEO added to board
- More on Kroger’s store of the future
- And more!
Mondelēz International Reports Q3 2022 Results
Third Quarter Highlights Net revenues increased +8.1% driven by Organic Net Revenue1 growth of +12.1% with underlying Volume/Mix of +0.7%
BuyBuy Baby introduces first private label
The launch comes as Bed Bath & Beyond moves away from owned brands in favor of national labels. View Original
Walmart cuts the price of Walmart+ membership in half for holiday promotion
Along with the discount, the retailer has recently added Paramount+ streaming and rewards to try to lure in new members.
Chinese online giants set their sights on U.S. market
TikTok owner ByteDance has launched an apparel website called If Yooou and Pinduoduo has opened Temu, an online platform for
Publix turns in 7.6% comp-sales gain for third quarter
Net sales climb over 9%, earnings take hit from market volatility View Original Article Editor’s Choice Publix Results & Investment
Bed Bath & Beyond’s chief customer and technology officer resigns
Bed Bath & Beyond’s chief customer officer, Rafeh Masood, has resigned, effective next month. View Original Article Bed Bath &
CVS Health raises outlook as third quarter results beat estimates
CVS Health beat Wall Street’s expectations in its third quarter earnings report. The company also announced an opioid settlement. View
Food Lion adds pickup service to nearly 30 new locations
With the addition of these stores across Maryland, Virginia and North Carolina, Food Lion To Go is now offered at
What’s Next for Retail in the Metaverse
After decades of preparing for virtual and augmented reality to become mainstream, miniaturized wearable displays and more powerful microchips have
Dollar General adds incoming CEO Jeff Owen to board
GOODLETTSVILLE, Tenn. — Jeff Owen will be added to Dollar General Corp.’s board of directors upon the effectiveness of his
Survey: Walmart edges out Amazon as grocery destination
Yet Amazon remains overall e-commerce leader, Jungle Scout report says Consumers prefer to buy groceries at Walmart’s stores and websites
The grocery tech graveyard: 5 recent innovations that got buried
From delivery robots to scan-and-go, some technology and vendor partnerships haven’t lasted for grocers. View Original Article Delivery Editor’s Choice
