Jon Springer

Executive Editor

Articles by
Jon Springer

Page 6
Retailers

As Shoppers Return to Stores, Walmart Blows Past Q2 Estimates

The retailer beat sales and earnings expectations behind share gains in grocery, increased margins and a strengthening Sam's Club division.

Retailers

Aldi Bumps Wages; Eyes 20,000 New Hires

The discounter says it has raised pay to $15 to $19 per hour for store and warehouse employees while setting hiring week events to prepare for growth and the holiday season.

Stop & Shop's Clifton, N.J., unit is the first in the state to receive renovations and assortment changes as part of a chainwide rebranding and modernization effort for Ahold Delhaize's largest U.S. brand.

With demand for convenience increasing "perpetually," the tech firm sees investment accelerating as it eyes building the largest local marketplace.

The Go Fresh & Local competition supports development of new regional brands and supplier diversity efforts, the retailer said.

In an interview with WGB, the executive discusses capturing the tailwinds, and the economic spoils, of changing consumer trends.

The Dutch retailer said sales in the U.S. gained by 2.7% in the quarter, while comps dipped by 1.5% against a 20.6% gain a year ago.

The discounter said it would test e-commerce, and emphasize assortment evolution, as pandemic shopping and spending trends exposed its vulnerabilities in its fiscal second quarter.

The "bare-knuckle ultra discounter," with 2,500 stores in Europe and claims to underprice Lidl and Aldi, is seeking a commercial real estate pro to scout potential store sites in Alabama and Georgia.

Advances in technology, labor pressures and the shift to digital have brought warehouse automation to the forefront, says Berkshire Grey’s Steve Johnson.

The turnaround at the natural foods chain continued to drive strong financials in the second quarter, but comps fell more than expected as shoppers haven’t responded to non-price promotions.

Not long ago, the notion of local grocery delivery by air seemed a longshot, but several promising trends are changing the outlook.

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