WM Expands Streaming | Barneys Memoir | 70% Dream Over
Kraft Heinz to split into two companies “Global Taste Elevation Co.”…will include…three billion-dollar brands – Heinz, Philadelphia and Kraft Mac & Cheese – with approximately 75% of net sales coming from sauces, spreads and seasonings…“North American Grocery Co.”…will include…three billion-dollar brands – Oscar Mayer, Kraft Singles and Lunchables.” Press release
Aldi Wants to Conquer the American Grocery Store Landscape at WSJ. “Aldi plans to add more than 200 stores on a net basis in the U.S. in 2025, making it America’s fastest-growing retailer this year after the two big dollar-store chains…plans to add more than 800 additional stores by the end of 2028. Its new store in the Times Square neighborhood…is expected to open in the summer of 2026.” WSJ subs.
Powerball jackpot rises to an estimated $1.3 billion after no winning ticket sold at AP
Walmart Wants to Challenge Amazon as a Streaming Aggregator at Hollywood Reporter. “(Walmart) on Monday announced its new plan, which includes an extension of its deal with Paramount+, originally signed three years ago. The new offering will see subscribers to its Walmart+ bundle be able to choose between a complimentary subscription to Peacock’s premium tier, or the Paramount+ essential plan. Subscribers can also switch between Paramount+ and Peacock every 90 days…” Read more
Winn-Dixie celebrates 100 years Press release
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Americans Lose Faith That Hard Work Leads to Economic Gains at WSJ. “A new Wall Street Journal-NORC poll finds that the share of people who say they have a good chance of improving their standard of living fell to 25%, a record low in surveys dating to 1987. More than three-quarters said they lack confidence that life for the next generation will be better than their own, the poll found. Nearly 70% of people said they believe the American dream—that if you work hard, you will get ahead—no longer holds true or never did, the highest level in nearly 15 years of surveys.” WSJ subs.
Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants at TechCrunch. “…focuses on budget-focused grocery delivery for tier 2 and tier 3 towns…” Read more
New memoir, “They All Came to Barneys: A Personal History of the World’s Greatest Store” out today at NY Post. “…in its heyday from the late 1970s to the mid 1990s — attracted a particularly starry crowd. The store shut down for Elizabeth Taylor and Michael Jackson, as well as for the sultan of Brunei, who, Gene writes, “came with two busloads of wives and attendants and three body doubles, though not a soul was there but them.” Read more
Signet Jewelers Q2 comp sales +2.0% Press release
NYC college students learning ‘How to Steal’ at NY Post. “At the New School in Manhattan, a four-year private university where the $60,240 tuition doesn’t cover housing, students at the university’s Eugene Lang College of Liberal Arts can learn “How to Steal.”…It includes field trips to “places where capital is hoarded and value is contested” — like museums, banks and even grocery stores.” Read more
Walmart grows its share of online grocery to almost 26% at Talk Business
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