Retail is in the midst of a stressful transformation that’s producing plenty of collateral damage. As customers’ shopping habits evolve and brands rush to meet them, the end-game for physical stores is taking shape. Stores have suffered — there’s no need to belabor the point. Declines in foot traffic and the convenience of e-commerce have […]
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United Natural Foods, Inc. (UNFI), Providence, R.I., announced plans to acquire SUPERVALU INC., Minneapolis, for approximately $2.9 billion. The transaction will greatly expand UNFI’s customer base and exposure across channels, including those where demand for “better for you” products is increasing.
Imports at the major retail container ports in the US are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, the National Retail Federation said.
The fall of the Toys “R” Us chain, with more than 700 U.S. stores, shows how much retail real estate has changed in just the last decade. When KKR & Co., Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7.5 billion price, in part, because of the […]
A handful of Toys “R” Us stores will go on the block this week — and they are generating attention among retailers and real estate firms, alike.
Walmart proved to be the victim of its own success on Tuesday. The discount retailer’s shares plunged 10% (shedding $31 billion in market cap) after it unnerved investors by reporting a sharper than expected decline in online sales growth. (Most of that was to be expected as it come a year after its 2016 $3 […]
Chinese e-commerce and technology company Alibaba Group Holding Ltd and U.S. grocer Kroger Co have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said.
People will take a more active role in what they eat, have more opportunities to interact and know more about how food impacts their bodies, a pair of futurists said
Retailers and brands convened in New York City last week to experience the National Retail Federation’s Big Show, and once of the biggest topics on attendees’ minds was technology. From automation to personalization to social marketing, the growing importance of technology in the shopping experience was definitely top-of-mind for retailers and brands, including those in […]
Over 35,000 retailers and industry partners came to the Javits Center in New York City for NRF 2018: Retail’s Big Show. Monday marked the second day of the show, with sessions highlighting innovative entrepreneurs, established brands and a range of new retail technologies. Here are some highlights.