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Two bidders in talks to buy German retail giant Galeria: The insolvency manager of German department store giant Galeria Karstadt Kaufhof said on Tuesday it will ...
reuters.com/markets/deals/two-bidders-talks-buy-german-retail-giant-galeria-2024-03-26/
Quick Glance: Tragedy in Baltimore: Fatal Bridge Collapse and Intensive Investigations
- A cargo ship that lost control and crashed into a bridge in Baltimore had previously undergone engine maintenance in the port, according to the US Coast Guard. Divers retrieved the bodies of two of the six workers who fell into the water, while the search for the others was deemed unsuccessful.
- Investigators commenced gathering evidence from the cargo ship involved in striking the Francis Scott Key Bridge. The victims were from Mexico, Guatemala, Honduras, and El Salvador, with authorities suspecting that the other vehicles with victims were trapped.
Dollar Tree to increase max price in stores to $7, reports higher income shoppers
usatoday.com/story/money/retail/2024/03/25/dollar-tree-7-dollars-price-increase/73099172007/
Quick Glance: Dollar Tree Increases Max Price to $7, Attracts Higher Income Shoppers
- Dollar Tree plans to raise the price cap in its stores to $7 as announced in a quarterly report in March.
- The demographics of Dollar Tree customers trend towards higher income brackets, with an increasing proportion of individuals earning over $125,000 per year.
- The company intends to close approximately 600 locations under the Family Dollar brand this year, as well as an additional 400 locations over the coming years.
- Dollar Tree opened 641 new stores in the previous fiscal year and currently operates 16,774 stores across 48 states and five Canadian provinces.
Ocado Retail sales rise as sharper prices win more customers: British online supermarket Ocado Retail said a focus on sharper prices helped it win more customers ...
reuters.com/business/retail-consumer/ocado-retail-quarterly-sales-up-106-it-wins-more-customers-2024-03-26/
German retail sales fall unexpectedly in February: German retail sales unexpectedly fell in February, data showed on Thursday, quashing hopes that private ...
reuters.com/markets/europe/german-retail-sales-fall-unexpectedly-february-2024-03-28/
Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
reuters.com/business/retail-consumer/nordstrom-macys-deals-could-put-private-ownership-back-vogue-us-retailers-2024-03-19/
Quick Glance: Nordstrom's Founding Family Seeks to Privatize US Retailer
- The Nordstroms are considering taking the US retail company private.
- Nordstrom has tasked investment banks to assess private equity firms' interest.
- Nordstrom's stock price surged 12% on the news.
- Investment firms are also pursuing the privatization of Macy's.
Pentagon integrates Motus Commercials to streamline operations: Pentagon Motor Group has taken on the LCV business of Motus Commercials, in order to strengthen ...
motortrader.com/motor-trader-news/automotive-news/pentagon-integrates-motus-commercials-streamline-operations-27-03-2024
Shein’s fast fashion comes with fast-finance risks: For a sign of how the internet has changed the way consumers shop for clothes, consider the “Shein haul ...
reuters.com/breakingviews/sheins-fast-fashion-comes-with-fast-finance-risks-2024-03-28/
America's retailers are dealing with a tangled mess: A slew of quarterly earnings reports have highlighted too many stores, too much product ...
qz.com/target-walmart-best-buy-retail-inflation-stores-closing-1851340095
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Shell is quadrupling the size of its EV charging network while getting rid of 1,000 retail locations
qz.com/shell-ev-charging-network-upgrade-1851349347
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Best Buy and other retailers started 2024 by closing stores. They're not done, analysts say
qz.com/best-buy-macys-foot-locker-closing-stores-retail-1851340359
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Quick Glance: Retailers Strategize Closures and Adaptations Amid Inventory Challenges
- Retailers are facing the need to close physical stores due to excess inventory to ensure success. Analysts predict ongoing closures in various retail categories.
- Best Buy, Macy's, and Foot Locker are among the retailers announcing store closures to realign their strategic focus. Best Buy shifts towards smaller stores, Macy's focuses on upscale locations, and Foot Locker reacts to profit setbacks.
- Retailers are optimizing operations with fewer stores. Best Buy introduces smaller-format stores, Macy's emphasizes upscale locations, and Foot Locker responds to financial losses.
- Retailers like Dollar Tree and Dollar General adjust strategies based on customer needs, tackling challenges such as labor shortages and theft. Adaptations are made to stay competitive in the evolving retail landscape.
UK retail sales show no change in February - ONS: British retail sales unexpectedly held steady in February after rising by a revised 3.6% January ...
reuters.com/world/uk/uk-retail-sales-stagnated-february-ons-2024-03-22/
440,500 Starbucks mugs recalled after a dozen people hurt: List of recalled mugs: The mugs were sold in the United States at Target, Walmart and military retail ...
usatoday.com/story/money/2024/03/21/starbucks-mugs-recalled/73051711007/
Walmart wants more wealthy shoppers: The retail giant is making renovations to its sales floors and its assortment of brands
qz.com/walmart-wealthy-shoppers-1851355757
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Climbing Inflation: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-14/climbing-inflation-the-bloomberg-close-americas-edition
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Dollar General flags margin hit as consumers shift to essentials: Dollar General said on Thursday it expects its margins to come under pressure as shoppers ...
reuters.com/business/retail-consumer/dollar-general-projects-2024-profit-below-estimates-costs-pinch-2024-03-14/
Quick Glance: Dollar General Closes Briefly as Entire Staff Quits Over Overwork, Lack of Appreciation
- A Dollar General store in Wisconsin was forced to briefly shut down after its entire workforce quit, citing seven-day workweeks and a “lack of appreciation.”
- The store manager and six other employees left, leaving a sign on the door thanking customers and explaining the reasons for their departure.
- Issues of food waste and donation policies were also raised by the former staff, highlighting discrepancies between company policies and actual practices.
- Despite a three-hour closure, Dollar General swiftly addressed staffing issues and reopened the store, emphasizing a commitment to employee well-being and customer service.
China's upbeat industrial output, retail sales tempered by frail property: China's factory output and retail sales beat expectations in the January-February ...
reuters.com/markets/asia/china-jan-feb-industrial-output-retail-sales-beat-expectations-2024-03-18/
Cheerios maker General Mills tops quarterly estimates on higher product prices: General Mills topped market expectations for third-quarter sales and profit on ...
reuters.com/business/retail-consumer/general-mills-posts-smaller-than-expected-drop-quarterly-sales-2024-03-20/
South African rand flat ahead of inflation, retail sales data: South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales ...
reuters.com/markets/south-african-rand-flat-ahead-inflation-retail-sales-data-2024-03-20/
5 ways McDonald's, Walmart, and other retailers are getting creative to reach consumers
qz.com/mcdonalds-walmart-target-walgreens-cvs-ikea-retail-1851345727
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Walgreens beat Wall Street's earnings expectations but warned of a 'challenging retail environment'
qz.com/walgreens-earnings-stock-profit-retail-1851371026
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Big brands could pivot easily if TikTok goes away. For many small businesses, it's another story
omaha.com/news/nation-world/business/tiktok-future-business-owners/article_fbaad095-c0c2-5256-ab64-aed3f5804bd4.html
China’s new retail and industrial data beat expectations — but signs still point to trouble ahead
qz.com/china-retail-industrial-data-economy-real-estate-1851343586
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Dollar General is rolling back self-checkout in thousands of stores: Dollar General is the latest retailer to backtrack on self-checkout.
richmond.com/news/nation-world/business/dollar-general-self-checkout/article_9003e0b2-0bb3-5716-848f-986ea9704f63.html
Apple CEO Tim Cook visits Shanghai amid a slowdown in China iPhone sales: Apple's Tim Cook is on a visit to Shanghai ahead of the opening of a new retail store ...
cnbc.com/2024/03/20/apple-ceo-tim-cook-visits-shanghai-amid-a-slowdown-in-china-iphone-sales.html
Marks & Spencer confirms closure of Doncaster city centre store with expanded outlet set to open
doncasterfreepress.co.uk/news/marks-spencer-confirms-closure-of-doncaster-city-centre-store-with-expanded-outlet-set-to-open-4562226
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Podcast - Successfully implementing self-checkout systems in food retail - with Patrick Kruschinski from Snabble
lebensmittelpraxis.de/zentrale-management/39686-podcast-selfcheckout-systeme-im-leh-erfolgreich-umsetzen-mit-patrick-kruschinski-von-snabble.html
'Madness': Trader Joe's mini tote bags reselling for up to $500 amid social media craze
usatoday.com/story/money/2024/03/11/trader-joes-mini-tote-bags/72930134007/
Quick Glance: 'Craze': Trader Joe's Mini Tote Bags Fetching Up to $500 Due to Social Media Frenzy
- The viral Trader Joe's mini tote bags are being resold online for up to $500 due to social media hype causing the low-priced item's market value to soar.
- The mini tote bag retails for $2.99 and is 'made of the same heavy-duty, 65% cotton/35% polyester blend' as Trader Joe's larger classic canvas bags.
- Trader Joe's released a statement about their products being sold by third-party resellers.
- Customers who missed out on getting a bag initially will have another opportunity as they return to stores in late summer.
Zara owner Inditex climbs to all-time high as 2023 sales jump 10%: Shares of Zara owner Inditex rose to an all-time high on Wednesday after the company announced ...
cnbc.com/2024/03/13/zara-owner-inditex-climbs-to-all-time-high-as-2023-sales-jump-10percent.html
Pat Kirk Nissan adds van centre to site: The Pat Kirk Nissan dealership in Omagh, County Tyrone, has added a van centre to its site. This addition is the ...
motortrader.com/motor-trader-news/automotive-news/pat-kirk-nissan-adds-van-centre-site-12-03-2024
Is the $139 Amazon Prime Subscription Still Worth It?: Over the past half decade, fees have crept up—while perks have gone away.
wsj.com/tech/personal-tech/is-the-139-amazon-prime-subscription-still-worth-it-83a597c7
Dollar Tree to Close About 1,000 Stores, Books Over $2 Billion in Charges: The dollar-store operator’s earnings in the holiday quarter were wiped out by billions ...
wsj.com/business/retail/dollar-tree-books-more-than-2-billion-in-charges-plans-to-close-about-600-stores-in-first-half-47ae9b94
Retailers turn to steep discounts to lure shoppers as consumer spending underwhelms
straitstimes.com/business/retailers-turn-to-extreme-bargains-to-lure-shoppers-as-consumer-spending-underwhelms
The numbers show Walmart is America's grocery king: Walmart is the biggest grocery retailer in the US by a long shot. Americans spent $264 billion on Walmart ...
businessinsider.com/walmart-grocery-sales-us-compared-kroger-albertsons-2024-3
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You can still buy a sofa for $399 — here’s why you may not want to: Over time, home furnishings have experienced a decline in quality. Here's how to find pieces ...
cnbc.com/2024/03/11/you-can-still-buy-a-sofa-for-399-heres-why-you-may-not-want-to.html
Retail sales flatline as wet weather dampens demand: Online spending was up last month as heavy rainfall put off many from heading out to the high street ...
news.sky.com/story/retail-sales-flatline-as-wet-weather-dampens-demand-13099657
drugstore chain - DM tests unpackaged stations: Nuts, lentils, spelled pasta, muesli or coffee: In 15 selected DM stores in Hesse, North Rhine-Westphalia and ...
lebensmittelpraxis.de/handel-aktuell/39633-drogeriekette-dm-testet-unverpackt-stationen.html
Apple is opening a new store in China after iPhone sales tanked to start 2024: The new location in Shanghai, Apple Jing'an, will be the tech giant's 47th in the ...
qz.com/apple-store-shanghai-china-iphone-sales-1851324521
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Yoon makes history, confirmed as Western District judge: She will be the first Asian American jurist in the state and the first person of color to be a judge in ...
richmond.com/news/state-regional/yoon-makes-history-confirmed-as-western-district-judge/article_1e300b40-9109-519b-8d8d-e73f4b3e0f4e.html
SB’s Main Street Love Shack closing: Two Richmond area restaurants announced they would be closing by the end of the month.
richmond.com/life-entertainment/local/food-drink/sb-s-main-street-love-shack-closing/article_90e56ffa-eae4-11ee-bbf4-2f0e645b2161.html
REVIEW: 'Snack Shack' offers tasty visit to the past: Written and directed by Adam Carter Rehmeier, “Snack Shack” has plenty in common with other R-rated teen ...
richmond.com/life-entertainment/nation-world/movies-tv/snack-shack-review-adam-carter-rehmeier-gabriel-labelle-comedy/article_b0ef1c79-5cbb-5fc4-823c-00d72738249f.html
Heinz Bude: “What unites the Boomers is an attitude to life of contingency”: The sociologist Heinz Bude belongs to the infamous Boomer generation ...
freitag.de/autoren/der-freitag/heinz-bude-was-die-boomer-eint-ist-ein-lebensgefuehl-der-kontingenz
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I loved The Palace in Blackpool and for anthems it was The Syndicate, nothing compares to it now
blackpoolgazette.co.uk/retro/i-loved-the-palace-in-blackpool-and-for-anthems-it-was-the-syndicate-nothing-compares-to-it-now-4562441
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San Antonio restaurants: Guy Fieri visits Sichuan House: The Chinese joint joins Julia's Bistro & Bar and The Jerk Shack as the third S.A ...
expressnews.com/food/article/sichuan-house-diners-drive-ins-dives-19247002.php
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Artists gather in Sunnyside for concert advocating for housing justice: A couple dozen people gathered at the Sausage and Boudin Shack in Sunnyside Sunday ...
houstonchronicle.com/news/houston-texas/article/artists-gather-sunnyside-concert-advocating-19169584.php
'Snack Shack' Review: Gabriel LaBelle Leads Coming-of-Age Summer Film: "Snack Shack," directed by Adam Rehmeier, earns its nostalgia play with ...
variety.com/2024/film/reviews/snack-shack-review-gabriel-labelle-1235943594/
Snack Shack: How the Movie Takes a Nostalgic Trip to the '90s, Explained by Director (Exclusive)
thedirect.com/article/snack-shack-movie-nostalgic-90s
Snack Shack Interview: Mika Abdalla & Nick Robinson Talk Throwback Comedy: ComingSoon Editor-in-Chief Tyler Treese spoke with Snack Shack stars Mika Abdalla and ...
comingsoon.net/movies/features/1595559-snack-shack-interview-mika-abdalla-nick-robinson-on-going-to-the-90s
'Snack Shack' Cast Discuss Their R-Rated Comedy and Making Out With a Mirror: Adam Rehmeier, Nick Robinson, Conor Sherry, & Mika Abdalla share behind-the-scenes ...
collider.com/snack-shack-nick-robinson-mika-abdalla-conor-sherry/
Snack Shack Interview: Director Adam Rehmeier on Growing Up & Nebraska City: ComingSoon Editor-in-Chief Tyler Treese spoke with Snack Shack director Adam ...
comingsoon.net/movies/features/1591851-snack-shack-interview-director-adam-rehmeier-on-growing-up-nebraska-city
Anime Last Stand Update 3 Tier List - March 2024 Rankings - Droid Gamers: With a bunch of new update units added, this Anime Last Stand Update 3 Tier List keeps ...
droidgamers.com/guides/anime-last-stand-update-3-tier-list/
San Antonio restaurants: Guy Fieri hits three spots for show: Julia's Bistro, The Jerk Shack and an announced, third stop each got a visit for Food Network's ...
expressnews.com/food/article/guy-fieri-driveins-san-antonio-julias-bistro-jerk-18918724.php
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'A love letter to Nebraska City': Filmmaker's 'Snack Shack' comes out this week: Nebraska City native Adam Rehmeier's recollections of his teenage antics come to ...
omaha.com/life-entertainment/local/movies-tv/a-love-letter-to-nebraska-city-filmmakers-snack-shack-comes-out-this-week/article_cd62f540-ccfa-11ee-831a-a7c73eaa5ad7.html
York Restaurant Week: Food and drink deals as event returns: York Restaurant Week opens tomorrow with food and drink deals available at venues across the city.
yorkpress.co.uk/news/24174762.york-restaurant-week-food-drink-deals-event-returns/
Boots orders support staff back into office five days a week from September: Retail chain’s boss declares office a ‘much more fun and inspiring place’ with ...
theguardian.com/business/2024/mar/08/boots-orders-support-staff-back-into-office-five-days-a-week-from-september
CVS and Walgreens will soon sell birth control pills over the counter: Pharmacy retail giants are about to start selling the contraceptive pill Opill
qz.com/opill-birth-control-walgreens-cvs-1851305208
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Samara, Amazon-backed More Retail stake sale gets lukewarm response: Samara Capital: The joint venture was looking to raise funds at $2 bn valuation
business-standard.com/companies/news/samara-amazon-backed-more-retail-stake-sale-gets-lukewarm-response-124030600994_1.html
Costco stock set for worst day in near two years on quarterly revenue miss: Costco's shares were down over 7% on Friday and set for its worst day since May 2022 ...
reuters.com/business/retail-consumer/costco-stock-set-worst-day-near-two-years-quarterly-revenue-miss-2024-03-08/
Bye, department stores. Hello, AI. Is what's happening to Macy's and Nvidia a sign of the times?
usatoday.com/story/money/2024/03/07/macys-store-closing-nvidia-stock-changing-market/72759737007/
Auto retail sales jump 13%, PV sales scale record high in February: PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February ...
business-standard.com/industry/auto/auto-retail-sales-jump-13-pv-sales-scale-record-high-in-february-124030700151_1.html
Used car finance powers ahead in contrast to 'weak' retail market: The consumer used car finance market in February saw its first growth in new ...
motortrader.com/motor-trader-news/automotive-news/used-car-finance-powers-ahead-contrast-weak-retail-market-08-03-2024
Two Richmond restaurants to be featured on 'America's Best Restaurants': Croaker's Spot and SB's Lakeside Love Shack will be featured on "America's Best ...
richmond.com/life-entertainment/local/movies-tv/two-richmond-restaurants-to-be-featured-on-americas-best-restaurants/article_7dae255e-d576-11ee-a3e6-bf9624272534.html
Collective bargaining - Schwarz Group also voluntarily pays more: In view of the ongoing collective bargaining in the retail sector, the companies of the Schwarz ...
lebensmittelpraxis.de/handel-aktuell/39615-einzelhandel-neue-tarifanpassung-bei-der-schwarz-gruppe.html
£2.5m inflatable theme park to open in Middlesbrough town centre: Also part of the plans is an extensive toddler area, with separate play frames ...
gazettelive.co.uk/news/teesside-news/25m-inflatable-theme-park-soft-28757986
32nd German Meat Congress - Impressions from Petersberg: Meat star 2024
lebensmittelpraxis.de/handel-aktuell/39499-tagung-und-preisverleihung-impressionen-vom-lp-fleischkongress.html
Macy’s Stores Aren’t Fun Places to Shop. Its New CEO Wants to Fix That : Tony Spring aims to turn around the flagging retail chain. He understands ‘retailing is ...
wsj.com/business/retail/macys-stores-arent-fun-places-to-shop-its-new-ceo-wants-to-fix-that-5614f4c7
Quick Glance: Macy's CEO Revolutionizing Shopping Experience
- Macy's new CEO, Tony Spring, is drawing on his hospitality training to turn around the department-store chain.
- Spring uses food metaphors to emphasize the impact of small details.
- He is fighting off investors pushing to control the 166-year-old retailing empire.
Hong Kong Retail Investors Are Missing Out on Returns: Retail investors are missing out on returns because of the government’s overly stringent protection.
bloomberg.com/opinion/articles/2024-03-03/hong-kong-retail-investors-are-missing-out-on-returns
New EV 'price war' is hitting used values says Autovista economist: The new and used car markets are returning to pre-pandemic dynamics more quickly ...
motortrader.com/motor-trader-news/automotive-news/new-ev-price-war-hitting-used-values-says-autovista-chief-28-02-2024
Amazon to replace Walgreens in Dow Jones Industrial Average: Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective ...
reuters.com/business/retail-consumer/amazon-set-join-dow-jones-index-2024-02-20/
The 20 worst states for shopping: The least attractive place to go shopping has a combined sales tax rate of 9.563%.
accountingtoday.com/list/the-20-states-with-the-worst-combined-state-and-local-retail-sales-tax-rates
Canada’s December retail sales grew by 0.9% in December from November but likely declined at the start of this year, Statistics Canada said
reut.rs/4bK17Nt
‘Every package carries a hidden cost’: is it better for the environment to shop online or in-store?
theguardian.com/lifeandstyle/2024/feb/27/reduce-carbon-footprint-clothes-shopping-online-or-retail
Amazon to replace Walgreens in Dow Industrial Average next week: The change will give investors greater exposure to consumer retail, as well as cloud ...
cnbc.com/2024/02/20/amazon-to-replace-walgreens-in-dow-industrial-average-on-february-26.html
Costco cuts prices on berries, batteries as inflation slows: Costco has cut some prices already in 2024, such as on frozen berries and reading glasses ...
businessinsider.com/costco-cuts-prices-on-berries-batteries-as-inflation-slows-2024-3
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Consumers are tired of inflation. But some retailers fear falling prices: Deflation could put pressure on retailers and brands to drive more volume ...
cnbc.com/2024/02/25/inflation-vs-deflation-retailers-fear-falling-prices.html
Macy’s to Close 150 Stores in Latest Turnaround Bid: The retailer will focus on upgrading its remaining locations and opening smaller versions of its namesake ...
wsj.com/business/retail/macys-closing-stores-earnings-report-83721a8d
Union Square once was center of San Francisco. Now it’s off the map: Union Square once was the center of San Francisco. Now the famed retail district is off the ...
sfchronicle.com/sf/article/union-square-macys-18693950.php
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Are People Who Read Magazines Without Paying ‘Stealing’ Their Content?: The magazine’s Ethicist columnist on bookstore etiquette.
nytimes.com/2024/02/21/magazine/barnes-noble-magazines-stealing-ethics.html
The tech-heavy Nasdaq led losses on Wall Street on Tuesday as chipmaker Nvidia fell sharply in early trading, while retail industry bellwether Walmart's upbeat ... Show more
Companies — profitable or not — make 2024 the year of cost cuts: The largest U.S. companies are cutting jobs and reducing expenses as Americans pull back after a ...
cnbc.com/2024/02/18/companies-2024-cost-cuts.html
Senate passes 'puppy mill' bill that stops cities from banning pet store dog sales
indystar.com/story/news/2024/02/19/senate-passes-puppy-mill-bill-that-stops-bans-on-pet-store-dog-sales/72662975007/
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