anti-hunger safety net
When the dollar store closes, US families on food benefits lose a lifeline
Nearly every day, Latrina Begley, 37, of Nashville, or one of her six children, shopped at the Family Dollar down the hill from their home.
Amazon
Amazon Announces ‘Amazon Saver’ A New ‘Budget-Friendly’ Grocery Line
Amazon has announced its decision to launch “Amazon Saver” a private-label brand featuring “affordable grocery products” for consumers looking for cheaper alternatives to popular items as prices continue to inflate.
Assets
Big Lots Announces Filing For Chapter 11 Bankruptcy
Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.
$1 billion price cut
FTC Vs. Kroger-Albertsons Merger Case Heading To Trial
The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.
albertsons
US FTC’s bid to block Kroger-Albertsons merger heads to trial
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Annex Wealth Management
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Adobe Analytics
US online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says
Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day.
borrowing costs
Monthly US consumer prices post first drop in four years as inflation subsides
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
000 items
Walgreens To Slash Prices On 1,300 Items As Retail Stores Fight Inflation
Walgreens has announced it will cut prices on 1,300 items across its drugstores, becoming the latest big retailer to enact discounts as consumers continue to fight against high inflation.
22% surge
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.