Target is slashing prices on 3,000 grocery and essentials SKUs ahead of a shaky holiday season, reigniting retail’s value wars. As inflation-weary consumers hunt for deals, global grocers are racing to stay in their baskets.
The Fast Break news podcast touches on U.S. consumer confidence hitting a six-month low. as worries about job availability weigh on America.
Tariffs are rattling global supply chains and inflating costs across the food industry, with India boycotts and U.S. shoppers trading down. As inflation bites, legacy brands brace for deeper margin pressure.
Retailers are bracing for a summer cargo surge, but tariffs and cautious consumer spending may temper volume. With air freight disrupting traditional shipping channels, supply chains are scrambling to adapt before the holiday rush hits full speed.
Despite the 90-day pause on many of the reciprocal tariffs impacting the F&B industry, retailers and manufacturers are feeling anything but calm. National Retail Federation data suggests the sector has adopted a conservative approach to the next quarter, with many retailers relying on built-up inventory.
An estimated 157.2 million consumers plan to shop Super Saturday this year, up from last year’s 141.9 million, according to a recent report. These shoppers present retailers a key opportunity to win beyond the season.
Black Friday 2024 showcased omnichannel’s growing dominance, with online sales surging nearly 15%. Experts noted that while Black Friday has evolved into a season-long event, its role remains pivotal, sparking optimism for a strong holiday shopping season.
Retailers have ramped up their merchandise deliveries amid a threatened strike by U.S. dockworkers that could disrupt the imminent holiday shopping season. 45,000 dockworkers are poised to walk out at 36 ports along the East and Gulf coasts following the expiration of the longshoremen’s six-year master contract, which expires on October 1.
Major retailers including Target, Walmart, Whole Foods, Walgreens, and CVS have all recently decided to close locations across major US cities, raising concerns about the future of retail in some of the most distinguished business …
The good news is the waning pandemic has allowed consumers to return to in-person shopping; the bad news is the return has been coupled with a sharp rise in retail shoplifting theft, a $100 billion …
It appears overall alcohol consumption will be up at Super Bowl parties this year. Research by retail insights company 84.51°, however, shows an eye-opening drop in planned alcohol consumption among younger adults this year.
