Best Employers (TJs #2) | Amazon Messy RTO | CTire +1.1%
Forbes: America’s Best Large Employers (Trader Joe’s #2 / Costco #42 / HEB #55 / WinCo #67) Full list
Inside Amazon’s Messy Push to Bring Everyone Back to the Office at WSJ. “The space crunch has led the e-commerce giant to postpone the mandate at dozens of offices around the U.S., including in Houston, Atlanta and New York City. Workers assigned to some locations are still waiting to hear when they can actually go to the office full-time. Others who are back in five days don’t have any teammates in the same location. They find themselves jockeying for parking, a place to sit, and private rooms to make video calls.” WSJ subs.
Wholesale prices jump to a 3.5 percent annual increase at The Hill. “Wholesale prices moved up 0.4 percent in January to hit a 3.5-percent annual increase, undergirding consumer inflation that broke 3 percent last month for the first time since the second quarter of 2024.” Read more
Canadian Tire Q4 comp sales +1.1% “Strong growth was led by Automotive and offset by modest declines across other divisions. Essential categories were up 4%, while consumer demand remained constrained in discretionary categories, which were down 2%.” Press release
Japan Perfected 7-Eleven. Why Can’t the US Get It Right? at Bloomberg. “The shop is well lit; the floor, pristine. The welcoming aroma of freshly fried chicken and steamed pork buns wafts through the air. Customers pop in to snag on-the-go comfort foods such as savory onigiri and creamy egg salad on squishy white bread. It’s a scene that plays out hundreds of times a day at more than 21,000 7-Eleven locations across Japan, where the convenience stores inspire almost cultlike loyalty.” Read more
Kroger Announces David Kennerley as Incoming CFO “…Kennerley, senior vice president and CFO for PepsiCo Europe, will succeed Todd Foley as senior vice president and chief financial officer, effective April 3.” Press release
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CVS CEO defends pharmacy middlemen, accuses drugmakers of ‘monopolistic’ practices at CNBC
Joann Fabric closing “approximately 500” of its roughly 850 locations across the U.S. at USA Today. “The news comes after the company filed for bankruptcy a second time in less than a year in January after initially filing and then going private in March 2024.” Read more
Bezos’ Rocket Firm Bracing for Job Cuts at Bloomberg/MSN. “The magnitude of the job cuts wasn’t immediately clear, though one of the people said it will be at least in the hundreds of jobs and potentially reach one thousand or more employees.” Read more
US Foods Q4 net sales +6.4% Press release
Albertsons realigns regions, combines Boise & Denver divisions at BoiseDev. “The new combined Denver/Intermountain Division will be known as the “Mountain West Division,” Morris’ memo noted…At a higher level, Albertsons will organize itself into three regions — East, West, and California.” Read more
Fate of suit against Walmart uncertain at Northwest Arkansas Democrat Gazette. “A lawsuit Walmart Inc. faces involving delivery drivers’ pay is up in the air now that the future of the federal agency that filed the suit is unknown…” Read more
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