Tuesday Morning to close more than half its stores nationwide That’s what the off-price retailer, which filed for Chapter 11 on Feb. 14, said in court documents. Tuesday Morning is seeking court approval to conduct store closing sales at 264 locations across 38 states. (full list of store closures can [...]
CVS Health in $10.6 billion deal to buy primary care provider Oak Street Health The pharmacy giant will acquire Oak Street Health in an all-cash transaction at $39 per share, in a deal valued at approximately $10.6 billion. Mediterranean restaurant chain Cava confidentially files for an IPO In 2018, Cava [...]
McDonald’s to open 1,900 new stores in 2023; eyes big growth in China More than 900 of the new units will be in China, and 400 of the new units will be in the United States and in McDonald’s internationally operated markets. Black Sheep Coffee from the U.K. comes to [...]
Slowing rate of inflation a welcome sign. Core retail sales in the last month of 2022 were up by 7.2 percent year-over-year. Despite a notable upward stretch, spending may be softening. December’s retail sales volume was a step back from recent months, a potential signal of the challenges facing consumers [...]
Dollar General squares off against Amazon, Walmart, CVS in rural healthcare pilot The dollar store discounter is leveraging its massive retail presence, particularly in underserved rural areas, and tiptoeing into waters already being plied by Amazon and its One Medical acquisition, Walmart partnering with UnitedHealth Group for walk-in clinics powered [...]
Aldi was named the most popular grocery store in the U.S. Aldi ranks as the most popular grocery store, with a popularity score of 65%, according to market research and data analytics firm YouGov, which polled consumers during the fourth quarter of 2022. Popularity is defined by YouGov as the [...]
Universal theme park, resort hotel coming to Frisco The park will have a 300-room themed hotel at the front of the park, along with four or five themed park areas, according to Mark Woodbury, Universal Parks and Resorts chair and CEO. January 11, 2023 | Community Impact H-E-B opening multi-level [...]
Whataburger, Wawa among the top 10 retailers, brands to watch in 2023 A diverse lineup of retailers (and two restaurant chains) have one thing in common: They are all poised to be winners in 2023. That’s according to a new white paper from foot traffic analytics firm Placer.ai,10 Top Retail [...]
Party City faces NYSE delisting Party City has six months to regain compliance with the NYSE’s minimum share price requirement. December 20, 2022 | Retail Dive Jack in the Box signs big development deal for 37 new restaurants in four Southeast markets The markets include Nashville, Tenn.; Baton Rouge, La.; [...]
Consumers reserve discretionary buys for promotional events. Apart from several necessity-based segments, spending declined across most retail categories last month, translating to a 0.6 percent drop in sales. This is significant, considering purchasing was up 12 percent year-over-year on Black Friday, and a record $11.3 billion was spent on Cyber Monday. [...]
