Latest Retail/Consumer Goods News & Archive

Walmart Testing Lets Customers Access Locked-up Products By Using Phone App

Walmart is testing a new process in some stores that allows customers to unlock security cases for merchandise using their smartphones.

Dollar Tree CEO Suddenly Steps Down, Cites Recent Health 'Challenges'

Rick Dreiling, a former CEO of rival Dollar General, was 68 when he was appointed executive chairman in 2022 and he was named chief executive in 2023.

P&G Profits Dip, Says China Recovery Will Take Time

While the US market continues to be a winner for Bounty paper towel producer Procter & Gamble, the company cautioned that a recovery in China will take time

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

Walmart Reaches $123 Million Opioid Lawsuit Settlement With Shareholders

The retail giant's insurers will cover the cost, which includes the plaintiffs' legal fees and expenses, according to a regulatory filing.

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Protect Your Car Against Dirt, Spills And Wear With WeatherTech FloorLiner HP

WeatherTech liners or mats do more than just keep your car looking pristine; they provide vital protection for your vehicle's original flooring, especially in high-traffic areas like the driver's seat.

Amazon Launches Discount Food Brand

The company is offering discounts to Prime members in-store and online.

Mattel Turns To AI As Toy Sales Soften Ahead of Holiday Season

'We see AI as a tool, as an opportunity to elevate our creativity even more than we have done in the past,' chairman and CEO Ynon Kreiz said.

Walmart Unveils Its 2024 'Top Toys': Here's The List

The 66 playthings include 25 that cost less than $25 each, with the world's largest retailer saying it's 'working hard' to offer 'incredible prices.'

LL Flooring, Formerly Lumber Liquidators, Decides Not To Liquidate After All

The bankrupt company said it struck a last-minute deal for a 'going-concern sale' with a private equity firm run by its founder.

Amazon Customers Hit Checkout Glitch During Start Of Labor Day Sale

The e-commerce giant's checkout feature displayed error messages with photos of dogs as the holiday weekend event began

Nest Bedding Sparrow Signature Hybrid: Combining Softness And Build For The Best Sleep Ever

The Nest Bedding Sparrow Signature Hybrid is one of the best hybrid mattresses on the market that provides ultimate blend of luxury and innovation

Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York

J&J Unveils Landmark $6.5 Billion Settlement With Baby Powder Ovarian Cancer Claimants

J&J has reached a new $6.5 billion settlement with those who claimed that the company's baby powder causes ovarian cancer.

Best Garage Refrigerators 2024: These Top Picks Will Keep You Refreshed

Conquer extreme temperatures! Our guide reveals the top 10 garage refrigerators for 2024, keeping drinks icy cold & food fresh. Find your perfect fit!

A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016. Picture taken December 12, 2016.

Costco's Golden Opportunity: How The Retail Giant Captured The Bullion Market

Costco's venture into gold sales has become a roaring success, with analysts estimating monthly revenues soaring to $200 million.

Amazon's Financial Boom: Will Shareholders Reap The Benefits?

Amazon's surge in free cash flow prompts speculation on potential shifts in its capital-return strategy, as analysts anticipate enhanced shareholder rewards.

Semaglutide is the active ingredient in both Ozempic -- approved as a diabetes treatment in 2017 -- and Novo Nordisk's Wegovy, which gained authorization as an obesity medicine in 2021

Costco Offers Weight-Loss Programs Including Ozempic, Wegovy

Costco pioneers affordable access to Ozempic and personalized weight loss programs through partnership with Sesame, reshaping healthcare accessibility.

Inflation is running at 10 percent annually on average, and the price of many foods has tripled

February Inflation Hits 2.8% As Consumer Spending Spikes

Inflation remains stable while consumer spending exceeds estimates, signaling economic resilience.

Home Depot's $18.25 Billion Acquisition Of SRS Distribution Signals Industry Power Move

Home Depot's historic acquisition of SRS Distribution for $18.25 billion marks a bold move into the professional contractor market.

Labels are seen on Canada Goose jackets in a store in Manhattan, New York City, U.S., February 7, 2022.

Retail Layoffs Continue: Canada Goose Announces Workforce Cuts Amid Consumer Spending Pullback

Canada Goose announces a 17% reduction in its corporate workforce amidst retail hardships.

Psychological Play Or Strategic Maneuver? Chipotle's 50-For-1 Stock Split Makes Waves On Wall Street

Chipotle's board approved a groundbreaking 50-for-1 stock split, marking a historic first and signaling confidence in its financial performance.

The chief executive of McDonald's UK and Ireland said the management receives weekly complainst of sexual harrasment and bullying

Global McDonald's System Failure Disrupts Operations Across Countries

McDonald's grapples with a global system failure, causing disruptions in operations across various countries.

US inflation rose 3.4 percent in December, the Labor of Department said, but underlying pressures appear to be ebbing slightly

US Retail Sales Decline In January, Signaling Economic Headwinds

US retail sales plummeted by 0.8% in January, signaling economic challenges amid inflation and rising interest rates.

Nike executives described heighten consumer caution as is targets up to $2 billion in cost cuts

Nike Shares Tumble As It Cuts Costs Amid 'Softer' Outlook

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.

Wilridge Winery Announces Search for Partners in North American Expansion

Founded in 1988 by former environmental lawyer Paul Beveridge, Wilridge is the first and only vineyard

Online auction giant eBay is trying to kickstart its bid for a bigger slice of the sneaker resale market with the exhibition

Foot Locker Improves Forecasts After Strong Thanksgiving Sales

The company still sees "ongoing consumer softness" putting negative pressure on sales this year.

A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021.

Best Buy, Lowe's Cut Forecasts As Consumers Become More Cautious

Quarterly sales were below analyst's estimates for both companies

Walmart, Macy's Beat Estimates After Reducing Inventory

Shares of Walmart fell as the company's forecast indicates slower consumer spending at the end of the year.

Shoppers exit a Target store during Black Friday sales in Brooklyn, New York

Target's Plan For Holidays: Lots Of Gifts Under $25 As Consumers Are Cautions

The company's third-quarter results beat its own forecasts and analysts' estimates.

Home Depot Sees More Cautious Consumer, Narrows Sales Forecast

The home improvement retailer reported quarterly sales and profit that topped analysts' expectations.

The SEC said Under Armour pulled foward future sales to avoid missing analyst revenue forecasts

Under Armour Cuts Forecast For Annual Sales On Sluggish North America

The company shares gained as it raised guidance for gross margin.

How Tupperware Became The Newest Meme Stock

Shares of Tupperware Brands Corp. are seeing immense trading and gains on Tuesday, but its probably not a good idea to buy in on the frenzy.

Gear Up for the Great Outdoors: 10 Must-Have Camping Essentials

Prepare yourself for the great outdoors with this essential guide featuring 10 must-have camping gear items that will enhance your outdoor experience.

US Retail Sales Rise 0.3% In May, Showing Consumer Spending Is Holding Up - IBT Graphics

The surprise data indicates that consumer spending has remained resilient despite an elevated inflation rate and the headwinds in the economy.

Retail sales in the US shrank for a second straight month in March, according to government data

US Retail Sales Post Steeper Fall Than Expected As Consumer Strength Fades

Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy.

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