USA: latest retail news, insights and analysis | ESM Magazine

Costco Beats Estimates As High COVID-19 Costs Weigh On Shares

Costco Wholesale Corp recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending t...

US Consumer Spending Losing Steam As Fiscal Stimulus Ebbs

US consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions o...

Kroger Forecasts Upbeat 2020 Sales On Pandemic Boost

US supermarket chain Kroger Co said it expects full-year comparable sales to rise more than 13% after reporting better-than-expected quarterly results, dri...

Costco Sees Year-On-Year Net Sales Growth Of 15% In August

Wholesaler Costco has posted net sales of $13.56 billion in the four weeks ended 30 August 2020, up 15% from $11.79 billion in August 2019. The company&...

Amazon's Whole Foods Opens First Delivery-Only Store In Brooklyn

Amazon.com Inc owned Whole Foods Market opened its first delivery-only store in Brooklyn, New York on Tuesday, as the e-commerce giant looks to take greate...

Kings Food Markets And Balducci’s Parent Files For Bankruptcy

KB US Holdings, Inc, the owner of Kings Food Markets and Balducci's Food Lover's Market, has filed for bankruptcy, according to a press release. Th...

Target Sales Growth Hits Record As Faster Delivery Boosts Online Demand

Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitch...

Walmart Beats Profit Estimates As Online Sales Hit Record On Pandemic Boost

Walmart Inc posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from...