retail News Updates

Improving store experiences is among new CEO Michael Fiddelke's key priorities as he seeks to reverse the retailer’s extended streak of weak sales.

Greg Foran led Walmart's U.S. division for six years before departing in 2019. While there, he introduced online ordering and pickup, and accelerated Walmart's digital capabilities.

Target's new CEO, Michael Fiddelke, acknowledged in his first town hall that the big-box retailer has lost trust with shoppers and employees and pledged to rebuild that connection.  

Recent investments in artificial intelligence have helped supercharge the stock’s advance. Walmart has been pushing to incorporate AI across its operations.

The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News.

Averitt Express added dedicated tanker truck services to its logistics offerings for bourbon distilleries, expanding its long-standing role in supporting the industry.

Motor vehicles fell 1.6%, held down in part by the expiration of federal tax incentives on electric vehicles. Cheaper gasoline prices held down the value of gas station receipts.

CVS raised its full-year profit forecast and said earnings would rise in 2026, a sign of hope as it navigates a turbulent retail environment and government scrutiny.

The company’s core consumer is shopping more frequently while purchasing fewer items per visit — an indication that they’re financially pressured, CEO Todd Vasos said on a call with analysts. 

Costco is one of the biggest corporate players to jump into a challenge of the Trump administration's tariffs largely driven this year by small businesses and Democratic state officials.