Online grocery sales expected to reach $250BA new shopper survey from Mercatus and Incisiv expects sales of groceries online to account for 21.5% of total grocery sales by 2025, an estimate of $250 billion. NRF reports spending slow down in AugustConsumer spending slowed in August as some federal relief measures, including the $600 weekly unemployment subsidy, ended in July, according to a new report by the National Retail Federation. Kroger boasts strong digital sales growth in Q2 Kroger’s net income totaled $819 million, sales rose to $30.49 billion from $28.17 billion last year, and digital sales doubled up 127%. Daymon report highlights positive future for private brands Edgewell Personal Care acquires Cremo Edgewell Personal Care announced the closing of its previously announced acquisition of Cremo. Walmart, Microsoft partnering on TikTok bid Walmart sees e-commerce and advertising potential in TikTok and has reportedly sought to partner with Microsoft in a purchase. Dollar Tree’s Q2 reports increased revenue Dollar Tree revenue increased 9.4% in the second quarter ended Aug. 1, reaching $6.28 billion, and same-store sales increased by 7.2%. Dollar General’s Q2 results soar, appoints new EVP Dollar General reported a Q2 net sales increase of 24% to $8.7 billion from $7 billion and promoted Kathy Reardon to executive vice president and chief people officer. Target’s profits, same-store sales soar in Q2 For its second quarter, Target posted skyrocketing profits and strong quarterly same-store sales growth amid digital and store growth. Walmart’s Q2 beats expectations Walmart’s total revenue rose 5.6% to $137.74 billion, and same-store sales rose 9.3% with general merchandise and food leading the way. First Previous 34 35 36 37 38 Next Last
