Author: Kim Souza

Kim Souza

The Supply Side: OASIS sustainable floral foam now on Walmart shelves

Smithers-Oasis Co. is diving into retail with a Walmart deal secured at the Open Call held in Bentonville last October. The company operates in 19 countries, distributing wholesale products to…

Brand to leave Walmart as chief legal officer in January

Rachel Brand, Walmart head of global governance and chief legal officer, has announced she will leave the retailer at the end of the company’s fiscal year on Jan. 31. Brand…

Online grocery sales hit record $11.2 billion in August

Consumers continue to turn to online shopping for their grocery needs, sending August sales up nearly 14% year over year to a record $11.2 billion, according to Brick Meets Click…

NRF: Retail sales up 6.81% in August from a year ago

Back-to-school shopping and purchases made to get ahead of potential tariff impacts pushed retail spending up 6.81% in August compared with August 2024, according to the National Retail Federation Retail…

Walmart to open namesake stores in South Africa this year

Walmart, the sole owner of South African retailer Massmart, plans to open Walmart branded stores in South Africa later this year. The retailer noted the action at its first Growth…

E-commerce key to Sam’s Club’s aggressive growth plan

Sam’s Club announced plans earlier this year to double in size over the next eight to 10 years, which would put annual revenue at around $180 billion. The Walmart division…

The Supply Side: Retail store traffic weakens in the second quarter

Consumers have been shopping less often in brick-and-mortar store locations since late April, which was the last month with growth in weekly visits across overall retail, according to Placer.ai. April…

Tyson Foods’ execs optimistic for beef segment turnaround

Execs with Tyson Foods, one of the nation’s largest beef packers, said Thursday (Sept. 4) there are early signs that beef segment losses may soon abate. It’s been a rough…

Walmart’s McMillon hopeful about holiday sales, talks tariffs

Running the world’s largest retailer can be tricky with volatile tariffs and trade policies, food inflation, and struggling consumers. But Walmart CEO Doug McMillon expects good holiday sales based on…

Tyson Foods fires a top exec for ethics violation

Tyson Foods is again shaking up its c-suite with Brady Stewart terminated immediately for cause, the company announced Sept. 2. Tyson provided no details other than saying Stewart violated the…

The Supply Side: Walmart keeps online grocery lead, Amazon challenges

Walmart continues to grow its share of online grocery to almost 26% of the total $9.8 billion spent in June. Total online grocery spending in July exceeded $10 billion, up…

Walmart expands next-day delivery for marketplace sellers

Walmart Fulfillment Services, which stores and ships products for the retailer’s third-party marketplace sellers, is now offering expanded next-day shipping in Los Angeles, New York, Chicago, Houston, Atlanta and other…

Labor Day spending expected to be similar to 2024

As summer winds down, the Labor Day weekend holiday is often celebrated by families with barbecue grilling and plenty of beverages. Marketing firm Numerator reports 64% of U.S. consumers plan…

Walmart net income up 56.1%, revenue up 3.7%

Second quarter net income for Walmart was $7.026 billion, up 56.1% compared with the same period in 2024. Per share earnings were 88 cents before adjustments reduced them to 68…

The Supply Side: Retailers engaged in expansion, technology investments

Many retailers are investing in stores, people and technology to ensure they remain relevant in the evolving retail sector. Burlington, Walmart, Five Below, and Tractor Supply are just a few…

Walmart’s second quarter net income could grow 7.4%

All eyes will be on Walmart next Thursday (Aug 21) when the retailer reports second-quarter earnings in the midst of ongoing Trump tariff-related trade policy challenges and an uneasy consumer….

The Supply Side: Back-to-school shopping estimated to be $128.2 billion, up 2.23%

Back-to-school is a big deal in the retail world, even when consumers are concerned about the economy. The National Retail Federation (NRF) expects total spending among K-12 and college households…

Tariffs push import volumes lower in July, U.S. inflation rises

Import volumes are trending lower than a year ago over the past several months. Global Port Tracker reports the nation’s largest ports handled 1.96 million containers in June, up 0.7%…

NRF: Retail sales rise 5.89% in July from year ago

U.S. retail sales were up 5.89% in July as consumers opened up their wallets amid promotional sales from top retailers, according to the National Retail Federation’s (NRF) Retail Monitor. The…