by - November 24, 2020 3:18 pm
Consumers are a fickle group and their spending habits have been all over the place in recent months, sending sales tax revenue on a roller coaster ride through much of…
by - November 24, 2020 11:46 am
Logistics giant J.B. Hunt Transport Services has made changes to its executive leadership team following the recent retirement of chief financial officer David Mee. In a Tuesday (Nov. 24) news…
by - November 23, 2020 3:17 pm
Thanksgiving 2020 won’t be like other years, as consumers will not be rushing out to stores to shop as soon as they have finished their turkey dinners. Deloitte estimates consumers…
by - November 21, 2020 10:27 am
COVID-19 continues to have a transitional impact on retailers and brands and reshape consumer behaviors. Amazon, Walmart and other retailers witnessed a massive acceleration of e-commerce sales and increased spending…
by - November 20, 2020 2:04 pm
Bentonville-based Walmart said its corporate workforce in the U.S. will not return to their offices until July 5, 2021, at the earliest. The memo from Donna Morris, chief people officer…
by - November 19, 2020 5:11 pm
Tyson Foods has suspended top plant leadership in its Waterloo, Iowa, pork processing plant without pay after allegations they made light of the COVID-19 pandemic by operating a betting pool…
by - November 19, 2020 1:40 pm
Consumers enjoying a traditional Thanksgiving Day dinner this year will spend about 4% less on food than in 2019, according to the annual survey conducted by the American Farm Bureau….
by - November 18, 2020 2:05 pm
When COVID-19 hit the nation more than eight months ago, many thought retailtainment was dead. Many cities prohibited large gatherings, and retail analysts said few would attend big retail events….
by - November 17, 2020 4:31 pm
Tyson Foods returned solid fiscal 2020 results earlier this week with higher-than-expected profits, led by a 50% gain in fourth-quarter net income. Revenue fell short of estimates at $10.64 billion….
by - November 17, 2020 1:21 pm
Walmart sales have grown as an essential retailer during the COVID-19 pandemic. The retail giant posted better than expected financial third-quarter results with revenue of $134.7 billion, including $1.1 billion…
by - November 16, 2020 10:55 am
Tyson Foods outperformed expectations amid ongoing challenges from COVID-19, returning solid fourth-quarter earnings per share of $1.81 on an adjusted basis, compared to the $1.18 Wall Street had predicted. Revenue…
by - November 15, 2020 6:55 pm
Walmart’s international portfolio continues to shrink as the Bentonville-based retail giant agreed to sell a majority stake of its Japanese business unit, Seiyu. The deal was announced Sunday (Nov. 15)…
by - November 12, 2020 3:21 pm
Walmart has been one of the darlings of Wall Street amid the COVID-19 pandemic and analysts remain bullish on continued growth in the coming quarters. The Bentonville-based retailer is expected…
by - November 11, 2020 4:55 pm
Jason Lurk, an executive with Novo Nordisk, said obesity affects 650 million adults around the world with a 100% increase since 1980. He said it’s a chronic health condition that’s…
by - November 10, 2020 5:04 pm
Tyson Foods is expected to report mixed results on Monday (Nov. 16) from the company’s fiscal fourth-quarter and fiscal year results. Wall Street consensus calls for fourth-quarter net income of…
by - November 8, 2020 10:11 am
Walmart raised its requirements to 98% for On-Time and In-Full (OTIF) deliveries on orders it places from suppliers. The new requirement began Sept. 15, and nearly a month after the…
by - November 4, 2020 5:12 pm
The ongoing COVID-19 pandemic has hit the U.S. economy hard and the fallout on several economic sectors remains dire, according to a report released Wednesday (Nov. 4) by the U.S….
by - November 4, 2020 3:17 pm
Retail is in the midst of a transformation. Apex players like Amazon and Walmart are building out eco-systems that will continue to drive consumers to stores and service opportunities in…
by - November 4, 2020 2:32 pm
Food and beverage giant Nestlé has acquired the startup prepared meal delivery service Freshly for $950 million. Nestlé first became interested in Freshly in 2017, leading a $77 million funding…
by - November 2, 2020 3:37 pm
Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of COVID-19 cases remains a threat and more federal stimulus could help the…
