German retailer ALDI has completely phased out plastic shopping bags which, according to the company, will save thousands of tons of plastic waste each year. The move will apply to all of ALDI’s 2,300 stores in the United States, and comes on top of the company’s decision to implement environmentally friendly coolants in its refrigeration […]
Michael Sopejstal, who lives in Illinois, said he takes a drive through Indiana over to Michigan every few weeks to eat at his favorite restaurant. He also makes sure to buy a Lucky for Life ticket for 10 or 20 draws, according to the Michigan Lottery. On Sept. 17, the retailer at a GoLo gas […]
NTD spoke with the owner of one of the smaller American retailers, Phil Scaggs, the owner and CEO of Right Rope, a rope distributor in Michigan. From within his company’s wide selection of products, he said it seems like customers are spending their money on everything.
Fortune has released its list of the 500 biggest companies around the world, and Walmart coming in at number one is no surprise. It has claimed the top spot on the list for eight years in a row. Amazon landed in third place this year. It is a big leap from ninth place in 2020. […]
The Morton Williams Supermarket chain in New York says the cost of most products has increased dramatically over the past few months. Prices were pretty steady during lockdowns, but since things have started moving again, things are expensive. A cut of fillet mignon beef that cost $12 a pound now costs $17, and a container […]
LOFT is dropping its line of plus size clothing. The retailer announced the news on Twitter in response to a customer question. LOFT says it will continue to sell new clothing in sizes up to 26 through spring and early summer. But starting this fall, the retailer will only stock sizes 00 to 18, and […]
LONDON—Thorntons, the 110-year-old British chocolatier and retailer, said on Monday it would permanently close all 61 UK stores, putting 603 jobs at risk, blaming the impact of COVID-19 lockdown restrictions. Multiple lockdowns in Britain have heaped pressure on store-based retailers already struggling with tight margins and intense competition from purely online players. Thorntons, which was […]
Target will invest $4 billion annually over the next several years to open more stores, upgrade existing ones, and build out its supply chain as the retailer tries to cement market share gains made during the COVID-19 pandemic. The announcement on Tuesday comes after the company reported a 21 percent jump in holiday quarter revenue […]
French retail group Auchan announced it will sell its Chinese subsidiary SunArt to China’s e-commerce giant Alibaba for 3.5 billion dollars (3 billion euros) and withdraw from China.
The deal concerns a chain of 484 hypermarkets and 150,000 employees.
Auchan is one of the world’s largest retailers. And the third major international supermarket chain that is set to leave the Chinese market. It follows the footsteps of French retailer Carrefour and Tesco from the UK.
Consumers are in the mood to spend, thanks to record low unemployment, strong consumer confidence, and a rising stock market. With the recent surge in consumer spending along with tax reform gains, retailers are hopeful for a stellar year ahead. Americans spent more than expected during the last holiday season. According to the National Retail […]
