Beer boosts cross-category sales for grocery stores, study finds
If grocery stores start selling beer, do sales increase across other categories of products too? New research suggests that may very well be the...
U.S. November retail sales rise 0.7%, surpassing expectations
American shoppers turned out in slightly stronger force than anticipated as the holiday season got underway in November, according to fresh data from the...
UK fast-fashion retailer Boohoo reviews options for its future
In a business update, online British fashion retailer Boohoo announced that it is reviewing options for its future, with chief executive John Lyttle stepping...
Walgreens closing 1,200 stores across the US after $3bn loss
US pharmacy store chain Walgreens has announced that it will be closing 1,200 stores over the next few years to boost cash flow and...
Aldi Announces £800 Million Investment in UK Expansion
Retail giant Aldi has unveiled plans to invest £800 million in Britain as part of an ambitious expansion strategy, following a record year of...
How Economic Strains Are Reshaping Consumer Holiday Spending
As the holiday season approaches, a new PYMT and LendingClub report, "New Reality Check: The Paycheck-to-Paycheck Report – The Holiday Shopping Deep Dive Edition,"...
Walmart CEO Anticipates US Shift Towards Deflation
As the US grapples with post-pandemic changes, industry leaders have been contemplating the potential shift towards deflation. One such prediction comes from Doug McMillon,...
Amazon to open new grocery chain cheaper than Whole Foods, says report
Amazon is reportedly planning on opening a new grocery store chain that would offer a larger variety of products than those found at its...
Walmart reports better-than-expected Q4 earnings and revenue
Walmart announced better-than-expected fourth quarter results on Tuesday.
The retail giant reported earnings per share of $1.41 on revenue of $138.8 billion in the quarter....
Tesco reportedly plans on cutting up to 15,000 jobs in £1.5 billion cost-saving initiative
British retail giant Tesco could cut 15,000 jobs and close some fresh food counters and bakeries as part of a £1.5 billion cost-saving initiative,...