Kroger Co. reported it has terminated its merger agreement with Albertsons and provided an overview of its next steps after Albertsons announced it had withdrawn from the proposed deal. The moves come after the United States District Court in Oregon granted the U.S....
Moderate retail sales growth continued through November even as two of the holiday season’s busiest shopping days, including Cyber Monday, shifted into December, according to the CNBC/NRF Retail Monitor. Total retail sales, excluding automobiles and gasoline, grew...
A United States District Court in Oregon has blocked the merger of The Kroger Co. and Albertsons Cos., citing the combination’s threat to grocery sector competition. In a response, Albertsons announced it has terminated the merger agreement and filed suit against...
Macy’s fell short of analyst expectations for adjusted earnings in its third quarter while posting a revenue beat with its updated First 50 stores reporting comparable sales that surpassed those of the rest of the company. Net income was $28 million, or 10 cents per...
As the company makes a closing holiday pitch to consumers, Walmart is touting its technical abilities as a means to better serve consumers navigating the last weeks of the year. Walmart stated that it is leveraging the company’s integrated supply chain and expansive...
