Latest News Updates From Jaewon Kang

Kroger has approximately 8,200 corporate employees, making this round of cuts one of the biggest in the company’s 143-year history.

Ann-Marie Campbell, senior executive vice president, will oversee day-to-day operations, and CFO Richard McPhail will lead financial management and the company’s subsidiaries involving professional contractors. 

Target is reorganizing its strategy team in the latest move to simplify the company’s structure and improve efficiency under new CEO Michael Fiddelke.

The company’s last major deal was the acquisition of smart TV-maker Vizio, which Walmart paid $2.3 billion for in 2024 to boost its advertising business.

The nation’s largest supermarket operator said June 18 that same-store sales grew 1% excluding fuel.

CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.

Costco Wholesale reported higher-than-expected profit in the latest quarter, showing the club chain continues to gain ground among cautious U.S. shoppers. 

Kroger is looking to compete more fiercely with Walmart and other companies that have gained ground in recent years at the expense of traditional grocery operators.

Target is requiring that some remote workers relocate to the retailer’s headquarters in what is the company’s largest return-to-office mandate in recent months.

Costco Wholesale's quarterly profit rose more than expected, showing the club chain is capitalizing on an extended period of sales growth.