by - ago
Online grocery sales rise 8.4% in June from year ago
U.S. consumers spent $7.7 billion in June for online grocery orders, up 2.9% from May and 8.4% higher than a year ago, according to Bricks Meets Clicks/Mercatus shopper survey. Online…
Author: Kim Souza
by - ago
The Supply Side: WalMex, India’s PhonePe grow ecosystems inside Walmart International
Walmart International’s revenue reached $114.6 billion last year, which represented 18% of Walmart’s consolidated sales in fiscal 2024. The business sector holds tremendous growth potential in some of the world’s…
by - July 12, 2024 11:48 am
U.S. retail sales grew 3.42% in June
Retail sales reported by the National Retail Federation Retail Monitor indicated consumer spending slowed in June compared to May. Excluding automobile and gasoline, sales were up 0.47% from May, slower…
by - July 11, 2024 6:13 pm
Inflation eased in June, up 3% from year ago
The closely watched report on U.S. inflation indicated consumer prices cooling in June, a welcome sign for economists and consumers. The Consumer Price Index (CPI) declined 0.1% from the prior…
by - July 9, 2024 6:38 pm
More than 40% of U.S. households expected to shop Amazon Prime event
Consumer spending has remained resilient despite sticky inflation, and early indications by data, tech provider Numerator predicts that more than 40% of U.S. households will shop Amazon Prime Day event…
by - July 9, 2024 10:29 am
Walmart sells telehealth platform MeMD
As part of reducing its healthcare assets, Walmart has sold its MeMD – a virtual health platform – for an undisclosed sum to Fabric, a health technology company. Terms of…
by - July 8, 2024 1:30 pm
Live cattle prices at an all-time high
High live cattle prices are pushing beef production down and pushing retail beef prices higher during the summer grilling season. Cattle prices were at an all-time high at mid-year, according…
by - July 8, 2024 9:14 am
Four of 11 Arkansas-based publicly-held companies post share gains through June
Among the 11 largest Arkansas-based publicly traded companies, only four reported gains in their stock prices over the first two quarters ending June 28. Most of the decliners were among…
by - July 7, 2024 10:26 am
The Supply Side: Walmart seeks to target Gen Z with apparel relaunch
Generation Z, the youngest age demographic of consumers (18 to 27 years), is the first digitally native generation. According to research from SheerID, it represents around 2 billion global consumers…
by - June 30, 2024 8:57 am
The Supply Side: Sam’s Club execs discuss goal of doubling revenue
Sam’s Club is on a roll, growing revenue and membership with rising sales of the Member’s Mark private brand and a profitable e-commerce business up 17% in the most recent…
by - June 27, 2024 7:35 am
The Supply Side: Tyson Foods pushes new restaurant-inspired foods
Springdale-based Tyson Foods continues to grow its higher-margin value-added business by introducing food innovation from concept to retail launch in its Discovery Innovation Center. The company’s goal is to bring…
by - June 25, 2024 3:42 pm
Walmart opens application period for Open Call 2024
Walmart is seeking more U.S.-made products at its 11th annual Open Call, which will be held Sept. 25-26 in Bentonville. The application period for entrepreneurs and product manufacturers is now…
by - June 24, 2024 4:28 pm
Sales tax revenue dips 5.3% in Northwest Arkansas
Sales tax revenue cumulatively reported by Bentonville, Fayetteville, Rogers and Springdale totaled $8.852 million in the June report, down 5.31% from a year ago. Revenue for the four cities in…
by - June 18, 2024 3:03 pm
Field Agent CEO and cofounder steps down, will remain as chairman
Rick West, CEO and cofounder of Field Agent, announced Tuesday (June 18) he is stepping down from his day-to-day role, but will continue as board chairman and consultant for the…
by - June 16, 2024 9:43 am
The Supply Side: Walmart expands Luminate sales data platform
Last October, Walmart announced the phase-out of its Decision Support System (DSS) app in the Retail Link portal it shares with suppliers. The portal allows suppliers to track their online…
by - June 14, 2024 3:43 pm
Walmart CFO discusses premium memberships, price reductions
Walmart Chief Financial Officer John David Rainey said Wednesday (June 12) that about 20% of operating income generated in the the most recent fiscal quarter came from Walmart+ and Walmart…
by - June 13, 2024 11:14 am
The Supply Side: Walmart rolls out new private brand Bettergoods
Walmart has a long history with private brands, offering over 29,000 products in 20 categories since 1983. Among these is the Ol’ Roy dog food brand, named after Sam Walton’s…
by - June 12, 2024 4:40 pm
Inflation dips to 3.3% in May, down fractionally year over year
Inflation pulled back in May as prices of food and goods receded but housing and insurance costs remain elevated, according to Wednesday’s (June 12) report from the U.S. Bureau of…
by - June 12, 2024 12:23 pm
Online grocery sales totaled $6.8 billion in May, flat year over year
A new report indicates consumers shopped less often for online groceries and consumables in May, with orders totaling $6.8 billion, down 0.4% from a year ago, despite looming inflation in…
by - June 11, 2024 5:23 pm
Grandview Poultry sues Tyson Foods and Cal-Maine for anti-competitive practices
A group of 45 former poultry growers for Tyson Foods in Dexter, Mo., have filed a class action suit as Grandview Poultry against Springdale-based Tyson Foods and Cal-Maine Foods alleging…