Kroger announced on Friday that it has reached a settlement of $1.2 billion with U.S. states, local governments, and Native American tribes to resolve most of the claims accusing the company of contributing to the opioid epidemic through inadequate oversight of its pill sales. The agreement, which was disclosed ahead of Kroger’s fiscal second-quarter earnings …
A multitude of retailers are once again attributing shrink as one of the main causes of their underwhelming profits for the quarter. However, some of these companies are now offering more detailed information than ever before on the extent to which shrink, including theft, damage, and fraud, is impacting their bottom lines. At the same …
Walmart is hosting its first-ever seller summit for businesses who are part of its third-party marketplace. The two-day event features informative how-to sessions and speeches by the company’s top leaders. Melissa Repko | CNBC LAS VEGAS — Walmart is exploring innovative tactics to attract sellers to its third-party marketplace in an effort to boost online …
The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, June 21, 2023. Justin Sullivan | Getty Images Amazon has implemented an increase in the minimum amount required for non-Prime members to qualify for free shipping in select markets. The new minimum is $35, as the company aims …
Abercrombie & Fitch Courtesy: Abercrombie & Fitch Shares of Abercrombie & Fitch soared on Wednesday after the company exceeded Wall Street’s expectations for quarterly earnings and sales. CEO Fran Horowitz attributed the strong performance to the retailer’s efforts in attracting more customers with a diverse range of fashionable options beyond jeans and T-shirts. Horowitz also …
Instacart, the innovative grocery delivery company, has officially filed its paperwork to go public on the Nasdaq under the ticker symbol “CART.” This move marks the first significant venture-backed tech IPO since December 2021. In its prospectus, Instacart revealed that it generated $114 million in net income and achieved $716 million in revenue in the …
Lake Como, located in the Lombardy region of northern Italy, is a breathtaking destination known for its beauty and tranquility. This scenic lake is surrounded by picturesque landscapes and offers a serene retreat for visitors who seek a break from the chaos of everyday life. However, not every story associated with Lake Como is as …
Jaap Arriens | Nurphoto | Getty Images WASHINGTON — In a series of letters to 17 companies, lawmakers in the House have raised concerns about the sale of recalled baby products on Facebook’s Meta platform, which have been linked to infant deaths. The lawmakers questioned the companies’ compliance with U.S. Consumer Product Safety Commission (CPSC) …
Pharmacy retailers like Walmart, Kroger, and Rite Aid have seen an increase in sales due to the demand for prescription weight loss drugs. However, analysts caution that these drugs are not highly profitable for retail pharmacies and can even result in margin challenges. Drugs like Wegovy and Ozempic by Novo Nordisk, which are classified as …
Bed Bath & Beyond, once a brick-and-mortar retail powerhouse, may not see a revival, but its subsidiary brands Buy Buy Baby and Harmon are getting ready to make a comeback. The new owners of Buy Buy Baby, the owners of baby goods retailer Dream on Me, plan to reopen 11 stores in the Northeast this …