This author has not written his bio yet.
But we are proud to say that jlong contributed 1947 entries already.
Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby at CNBC. “I don’t want to use the word ‘stunt,’ because I don’t know exactly what went on in Minneapolis [where Target is based], but to me, it read like a stunt, looking to divert attention […]
Retail sales rose 0.3% in November vs. expectations for a decline at CNBC. “Excluding autos, sales rose 0.2%, also better than the forecast for no change. Stripping out autos and gas, sales rose 0.6%.” Read more Temu files fresh lawsuit against Shein, accusing its rival of ‘mafia-style intimidation’ at CNBC. “They began to […]
Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal at Reuters. “Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger’s proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry […]
Dollar General Q3 comp sales decreased 1.3% Press release Chinese e-commerce platform Temu drawing shoppers from US dollar stores at Reuters. “As of last month, Temu accounted for nearly 17% of market share in the United States within the discount stores categories, according to data analytics firm Earnest Analytics. That compares to 8% […]
CVS Plans to Overhaul How Much Drugs Cost at WSJ. “CVS’s roughly 9,500 retail pharmacies will get reimbursed by pharmacy-benefit managers and other payers based on the amount that CVS paid for the drugs, in addition to a limited markup and a flat fee to cover the services involved in handling and dispensing the […]
Ranking the Best Companies for Career Growth (Costco #9 / Target #11 / Lowe’s #14) at WSJ. “Costco, long regarded as a top employer, stands out from its retail peers with high marks for pay and culture, two metrics that often cluster together…Home Depot scores in the highest group for parity, hiring and promotion, […]
US Cyber Monday sales hit record $12.4 billion on big discounts at Reuters. “Online consumer spending jumped 9.6% on Monday from the $11.3 billion seen last year, outstripping Adobe’s initial expectations for a 6.1% rise to $12 billion…A record $940 million worth of purchases were made through BNPL (Buy Now, Pay Later) on Cyber […]
Lowe’s Q3 comp sales decreased 7.4% “Updates full year 2023 outlook – Comparable sales expected to be down approximately -5% as compared to prior year (previously down -2% to -4%).” Press release …Lowe’s cuts sales outlook as homeowners take on fewer projects at CNBC. “CEO Marvin Ellison said Lowe’s felt a “greater-than-expected pullback” by […]