Kroger +3.4% | Fortune Best/Wegmans #6 | Time Best/Costco #38
Inflation Rose to 2.9% in August at WSJ. “…hotter than July’s gain of 2.7%. That matched the 2.9% rise expected by economists surveyed by The Wall Street Journal.” WSJ subs.
Kroger Q2 ID sales without fuel +3.4% “CEO: …we are raising our identical sales without fuel guidance to a new range of 2.7% to 3.4%. We are also raising the lower end of our adjusted FIFO net operating profit and net earnings per diluted share guidance, to new ranges of $4.8 to $4.9 billion and $4.70 to $4.80, respectively.” Press release
Fortune 100 Best Companies to Work For® 2025 (Wegmans #6, Sheetz #40, Target #55, Walmart #100) Full list
Time: World’s Best Companies of 2025 (Amazon #5, lulu #36, Costco #38, Walmart #93) Full list
Deloitte: Holiday Retail Sales Expected to Increase 2.9% to 3.4% Press release
Advertisers Will Soon Be Able to Buy Criteo-Powered Retail Ads Via Google at Adweek. “The new offering is kicking off during the fourth quarter with a limited beta test in the Americas, but Criteo plans to extend it to any of its more than 200 retail partners globally that show interest, said Sherry Smith, president of retail media at the company.” Read more
**A note from Sensi Smart Thermostats. Critics agree – it’s a hit: Esquire – Best Smart Thermostat 2024. MSN – Best Overall User Experience 2024. Energy Star Partner of the Year 2020-2024. Website | info@eyeonretail.net
Potbelly is being acquired by c-store chain RaceTrac for $566 million at AP. “Potbelly…has 445 restaurants across the U.S. The company said the deal with RaceTrac will help it reach its goal of quadrupling in size to 2,000 locations…RaceTrac…operates more than 800 locations in 14 states…” Read more
Amazon’s Zoox reaches robotaxi milestone with launch of service in Las Vegas at GeekWire
Heir to Barneys luxury empire served with explosive tax-fraud lawsuit at NYC book event: ‘Gene went crazy’ at NY Post. “A so-called “process server” — a professional hired to hand court documents to defendants — had bought a copy of the fashion-infused tome and stood in line with other fashionistas to get it signed by Pressman, sources said.” Read more
Target HQ employees return to downtown Minneapolis for annual meeting as some also return to office at CBS. “Hundreds of Target employees are gathered at Target Center in downtown Minneapolis this week for the company’s annual three-day meeting ahead of the holiday season — as some of the company’s commercial unit employees are returning to work in-person three days a week.” Read more/Video
Market Basket mediation fails, board fires CEO Arthur T. Demoulas from company at WCVB
Cuts to the Food Safety System Threaten Americans’ Health at NY Times. “Public health experts consider the program, called (FoodNet), to be one of the most critical ways to protect against the dangerous pathogens, such as listeria and vibrio, that cause food-borne illnesses. For years, it tracked eight of them. As of this summer, it will only track two.” Read more (subs.)
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