US Retail

With Latest Deal, Circle K Owner Steps Up Canadian Invasion

A Canadian company is trying to corner the corner-store market in the US. Alimentation Couche-Tard, which is based outside of Montreal and better known...

Lidl US Hires Ex-Walmart Real Estate Director

Lidl US has hired erstwhile Walmart real estate executive Kevin Sweet as its new senior director of real estate. Sweet held this position during his per...

Walmart Will Punish Its Suppliers For Delivering Late – Or Early

Long known for squeezing its vast network of suppliers, Walmart is about to step up the pressure. This time, the focus is delivery scheduling, and the comp...

Tepid US Consumer Spending Keeps Economic Rebound On Track

The tepid pace of US consumer spending in May is nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gai...

Strong Convenience Sales Fuel US Retailer Optimism

Convenience store sales in the US have grown during the first half of 2017, according to the latest quarterly survey by the National Association of Co...

Walgreens Scraps Rite Aid Takeover, Will Buy Stores Instead

Walgreens Boots Alliance is scrapping its deal to buy all of rival Rite Aid, and instead will buy a smaller piece of the drugstore chain, after the origina...

General Mills Reports 6% Sales Decline For 2017

Consumer foods manufacturer General Mills has released its fourth quarter and full year fiscal results for 2017, which shows that net sales for the year de...

Walmart Acquires Apparel Brand Bonobos

US retailer Walmart has acquired the online apparel brand Bonobos for $310 million in cash. Andy Dunn, founder and CEO of Bonobos, will join Walmart and...