Wholesale Clubs Were a Winner in Q1: Coresight

Warehouse clubs recorded strong performances despite inflation running at 40-year highs, with both BJ’s and Costco posting double-digit sales growth in 2022's opening months, Coresight noted.


More Markdowns Ahead: Target Looks to Cut Its Losses

While seeing continued strength in food and beverage and other "essentials," Target said it will move to reduce inventories in discretionary categories where consumers have pulled back their spending.

A La Crosse, Wis.-based congregation of Roman Catholic Sisters is calling on Walmart shareholders to back a proposal calling for greater pay accountability from the retailer.

"Retailers can still control consumer behavior," CBRE's Karly Iacono says, predicting: "This is going to be the year of proactive retail rather than reactive retail."

Declutter or bust: Mass merchandisers debut new storage lines to help their customers keep track of everything else they're buying.

Consumers all-too-familiar with the "prices up, inventories down" storyline look to Walmart for lower prices and bigger assortments, company executives say—and that's been a boon for grocery and other categories.

At the Jefferies Consumer Conference, Kath McLay, CEO of Walmart's $64 billion sidekick, talks Scan and Go tech, omnichannel growth and managing rising costs.

After partnering with DroneUp on delivery of at-home COVID-19 test kits, Walmart is investing in the Virginia Beach, Va.-based drone services provider.

A new store on the Hollywood Walk of Fame and Georgia's first small-format Target are among 12 locations Target has opened so far this year.

The retailer said it's ready to support mass distribution of COVID-19 vaccines, including in rural and underserved areas where it already is a go-to.

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