What you need to know today—top news and stories in retail:
- Walmart and PepsiCo top the Kantar PoweRankings
- Grocery sales up 8% in October
- More on the impact of the Kroger-Albertsons merger
- Southeastern Grocers exploring sale
- Walmart & Target headed in different directions
- Macy’s, Kohl’s and Gap all revise their holiday sales projections (not in the same direction)
- And more!
Walmart ranks No. 1 in 2022 Kantar PoweRanking
NEW YORK — Walmart took the top spot in Kantar’s PoweRanking report for the 26th consecutive year, a feat that
NRF: Big Thanksgiving weekend crowds expected
WASHINGTON – An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according
Grocery sales rise 8% in October
Spending at grocery stores rose 8% in October on a year-over-year basis, according to estimated data published Wednesday by the U.S. Census
How the Kroger-Albertsons merger could transform 5 key grocery markets
The two food retailers each have a strong presence in dozens of markets with unique characteristics, underscoring the complexity of
Southeastern Grocers exploring sale, WSJ reports
The news, attributed to sources familiar with the matter, comes about a year after the company ended its bid to
Walmart and Target’s quarterly results lay bare the retailers’ stark differences
Walmart and Target’s third-quarter results this week highlighted key differences between the retailers. View Original Article Editor’s Choice Target Walmart
Macy’s raises earnings forecast, says it has fresh inventory for the holidays
Macy’s raised its earnings forecast for the year after the department store operator said its inventory is well positioned for
Kohl’s pulls full-year outlook, citing retail volatility and economic headwinds
Kohl’s said earlier this month that CEO Michelle Gass would step down in December. View Original Article Economy Editor’s Choice
Gap beats on third-quarter revenue, but tempers expectations for holiday season
Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. View Original
Target Q3 sales edge up amid earnings plunge
Retailer gives uncertain outlook as results soften heading into fiscal year-end View Original Article Editor’s Choice Target Results & Investment
Grocery stores help lift U.S. retail sales in October
Industry observers see positive signs heading into holiday season View Original Article Brick and Mortar Holiday & Events Editor’s Choice
Mars Wrigley confectionery icon Celebrations gets a redesign
Brand expression agency Taxi Studio has collaborated with Mars Wrigley’s much-loved confectionery brand Celebrations to deliver one of the most significant rebrands in
