What you need to know today—top news and stories in retail:
- Thanksgiving Weekend recap
- Smaller Rite Aid pilots new target
- BNPL for customers feeling the squeeze
- Ocado launches supplier data tool
- And more!
More Americans tapping buy now, pay later for holiday gifts shows ‘how stressed the economy is,’ Harvard researcher says
KEY POINTS With prices near historic highs, more consumers are leaning on buy now, pay later to afford their holiday
Thanksgiving Weekend Recap: Foot Traffic, Mobile Usage Rise as Nearly 200 Million Shoppers Seek Deals
Shopper turnout for Thanksgiving Weekend handily exceeded expectations — a record 196.7 million shoppers went shopping for great deals, compared
Kroger, Albertsons Execs Defend Merger to Senate Committee, Say Consolidation is Needed to Compete with Walmart and Amazon
Top executives from Kroger and Albertsons defended their proposed merger at a congressional hearing, saying the combined company would be
What consumers say they want versus what they actually buy
CHICAGO — The loudest voice in the room commands the most attention, but it may not speak for the masses.
Ocado launches Beet Insights supplier data tool
Ocado Retail is rolling out a new shopper insights product to suppliers, within its new insights platform Beet by Ocado.
Smaller Rite Aid stores will target underserved communities
Drugstore operator Rite Aid Corp. has opened a smaller format pharmacy in Craigsville, Va., as part of a pilot program