US retail sales grow 3.1% during holiday season – Mastercard report at Reuters. “The increase is lower than the 3.7% growth Mastercard forecast in September, and has slumped from last year’s 7.6% as higher interest rates and inflation pressured consumer spending…Ecommerce sales grew at a slower pace of 6.3% from last year’s 10.6%…apparel and […]
South Korea will Police ‘Shrinkflation’ at the Supermarket at WSJ. “Starting next year, the country will require companies to disclose on their packages and websites when grocery items drop in volume, but not price. To ensure firms comply, South Korea is establishing a dedicated price-investigation team to monitor any fluctuations. Officials are considering levying […]
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% […]
Holiday Sales +3.1% | #1 Rent: 5th Ave | Return It: PA
/in Eye-on-RetailUS retail sales grow 3.1% during holiday season – Mastercard report at Reuters. “The increase is lower than the 3.7% growth Mastercard forecast in September, and has slumped from last year’s 7.6% as higher interest rates and inflation pressured consumer spending…Ecommerce sales grew at a slower pace of 6.3% from last year’s 10.6%…apparel and […]
Country Polices ‘Shrinkflation’ | Wgreen IT Shake-Up | Bread Battle
/in Eye-on-RetailSouth Korea will Police ‘Shrinkflation’ at the Supermarket at WSJ. “Starting next year, the country will require companies to disclose on their packages and websites when grocery items drop in volume, but not price. To ensure firms comply, South Korea is establishing a dedicated price-investigation team to monitor any fluctuations. Officials are considering levying […]
CNBC Doubts Target | 85% ‘Thrifting’ | Woody The Talking Christmas Tree
/in Eye-on-RetailTarget 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 […]
Shein #4 Brand Growth | Circuit City ‘Comeback’ | Dollarama +11.1%
/in Eye-on-RetailRetail 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 […]
Bernie Hits Kroger | McMillon @ UArk | W.Foods CEO Iview
/in Eye-on-RetailLawmakers 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 […]
McMillon @ CNBC | Amazon 60% Same/1-Day | Canada Holiday -11%
/in Eye-on-RetailDollar 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% […]