Kroger +1% | McKinsey: State of Grocery | $2,200 Bedroom Color

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Kroger Q1 ID sales (ex-fuel) +1.0% Press release

 

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low AP

 

Hollister partners with Target to tap into $89 billion back-to-college shopping market at CNBC. “Hollister is partnering with Target to start selling home and dorm decor for the first time…The collaboration will launch online, in most Target stores and select Hollister locations on June 28 and will feature almost 60 items across men’s and women’s apparel and bedding.” Read more

 

McKinsey: The State of Grocery North America 2026 “A small set of products—particularly protein and dairy items—have become increasingly influential in determining whether consumers believe a retailer offers good value…Around 85 percent of consumers believe private label products match or exceed national brands in quality…” Read more

 

Meet the 25 Execs Behind Amazon’s $70 Billion Ad Business at Adweek. “Today, Amazon makes $70 billion from advertising…Amazon is expected to cross $110 billion in ad revenue by 2028.” Adweek subs.

 

Procter & Gamble Scripted Dramas Are Coming to a Supermarket Near You at WSJ. “Visitors to some of Albertsons’s 2,244 U.S. retail locations may soon find themselves greeted by an unexpected sight in the form of a scripted comedy-drama series about a taco stand run by a widowed father, his teenage daughter and her grandmother…Procter & Gamble developed the show, titled “Rico’s Tacos”…” WSJ subs. 

 

Painting a bedroom chocolate brown could add an estimated $2,277 to a home’s offer price Fox Business/Zillow

 

Walmart’s fashion boss garners top company award, transforms business at Talk Business. “Denise Incandela recently received Walmart’s highest award, the Sam M. Walton Entrepreneur of the Year Award. The award was given at the retailer’s annual meeting on June 5.” Read more

 

Lululemon yoga event on Great Wall of China causes Japanese drum furor at CNN

 

Abercrombie & Fitch has begun selling footwear from external brands like Hunter, Sperry and Puma at CNBC. “For now, the only place Abercrombie is offering all of the brands together is at its new 10,000-square-foot outpost in New York City…” Read more

 

Bass Pro Shops buys fishing lodge in Florida Keys Press release

 

Bain: Online Grocery – Pricing for Both Humans and Bots “…it’s a fair bet that others, particularly those from older generations, will remain fully hands-on, shunning AI even as its capabilities grow. Many shoppers will probably be somewhere in between: happy for AI to build a multi-vendor basket for them to approve, but reluctant to let agents check out autonomously.” Read more

 

Wayfair Expands Northeast Footprint with Princeton, New Jersey Store Press release