The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.
Category: Shopping and Retail
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Macy’s Reports Lower Sales as Shoppers Cut Back
Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.
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After 62 Years, Brooklyn Says Goodbye to Crest Hardware Store
To mourn the closure of Crest Hardware, a beloved family business in Williamsburg, fans of the store held a wake and staged a second line march.
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Myron E. Ullman III, Executive Who Remade Macy’s and J.C. Penney, Dies at 77
As a leader behind many of the world’s best-known brands, he exuded operational know-how. He also displayed a rare humility, which helped drive his success.
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7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard
Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.
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Kamala Harris Blames ‘Price Gouging’ for Grocery Inflation. Here’s What Economists Say.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
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Retail Sales Were Up 1% in July, Easing Concerns About the Economy
Sales were up 1 percent in July from the previous month. The rise was slimmer when autos and gasoline were excluded, but market reaction was favorable.
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Walmart Sees Higher Sales From Picky Shoppers
The retail giant raised its forecasts as it attracted bargain-hunting shoppers strained by inflation, drawing in high-income households in particular.
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Who Is Brian Niccol, the Incoming Starbucks CEO From Chipotle?
Mr. Niccol, whom the coffee chain poached from Chipotle, has emerged in recent years as a top leader in the restaurant industry.
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A Place Where It Snows All Summer
At a factory in western New York, the holiday décor brand Buffalo Snow has been manufacturing blizzards for almost 40 years.
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How the Olympics Mascot, Phryge, Went From Bizarre to Beloved
Merchandise featuring the cheery red figure, which is based on a symbol of the French Revolution, has become a best seller at boutiques around Paris.
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How Beverly Nguyen Made a Name in NYC’s Fashion and Culture Scenes
Beverly Nguyen, a stylist, editor and merchant, has become a new soft power broker in New York.