While 2020 was a devastating year in most areas, lockdown restrictions and consumers’ changing financial situations actually posed an opportunity for grocery stores to gain back their share of food spending from the restaurant industry. Kroger experienced record-high new customers, Target saw great success from...
The digital shift has been good to Kroger. The supermarket chain reported strong Q4 earnings on Thursday (March 4), driven by the company’s savvy digital presence as well as its expanded pickup and delivery options. Per the earnings release, digital sales grew 118 percent year...
In today’s top retail news, BJ’s Wholesale Club Holdings, Inc. reported a rise in comparable club sales excluding fuel sales, while Purple Innovation Inc reported a jump in net revenue. Plus, Walmart plans to spend $350 billion on American-made products. Get the Full Story Complete the...
Like a fair princess drawn to a dashing prince, the quickening digital shift by consumers has lured Disney away from its brick-and-mortar retail stores and will see it instead pouring more energy and focus into its eCommerce platform. Get the Full Story Complete the form...
Just when you thought it was (almost) time to kick off the sweatpants, log off the Zoom calls and get out of the house again, a $5 billion acquisition of Michaels Stores, the nation’s leading arts and crafts retailer, suggests that at least one corner...
Purple Innovation, Inc., a brand of comfort products such as mattresses and pillows, reported that net revenue surged by 39.9 percent in the fourth quarter of 2020 in contrast to the fourth quarter of 2019, according to a Thursday (March 4) press release. Get the...
Warehouse club operator BJ’s Wholesale Club Holdings, Inc. reported that comparable club sales outside of fuel sales climbed 15.9 percent, with the inclusion of digitally enabled sales growth of 168 percent, for the fourth quarter of fiscal 2020, according to a Thursday (March 4) press...
While a wild and white-knuckled ride all the way through, the year 2020 wasn’t necessarily a bad time for everyone. In fact, as Target reported its earnings this week, the words it had for the pandemic year were “record-breaking.” All in, Target said it grew...
Grocery delivery via Flipkart is now available in over 50 cities across India, and the company plans to continue expanding the service to more than 70 cities over the next six months, according to a press release published on Tuesday (Mar. 2). Get the Full...
