Retailers including Best Buy and Walmart will come out of the 2018 holidays stronger than ever while laggards, such as J.C. Penney and Sears, head in the other direction.
Dan Loeb and his Third Point hedge fund, which controls about seven percent of Campbell Soup Company stock, has been pushing for the company to sell off business units if not the entire company. Mr. Loeb has been blocked to date by descendants of Campbell’s founder who own a controlling stake in the business.
Shoppers who buy any of 200,000 tagged turkeys from Cargill’s Honeysuckle White brand can trace the birds straight from the farm. Consumers are able to receive information on the turkeys including where and how they were raised.
Sleep Number topped JD Power’s Mattress Satisfaction Ratings, the third time the brand has received that designation in four years. The brand scored 19 points higher than the second place finisher, Tempur-Pedic, and 27 points above the average for all mattress makers.
Puja Kartan, strategy director, Isobar US, offers up unique insight on how top U.S. retailers are faring when it comes to digital innovation and what those not doing well need to do and quick.
Walmart raised its full-year guidance despite mixed results during the third quarter as the retailer expects its investments in e-commerce and convenience to pay off with strong sales during the holiday selling season. “We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” said…
Jill Soltau only became J.C. Penney’s CEO a month ago. Now, she and her team are trying to figure out how to fix the department store chain as quickly as possible following a third-quarter in which Penney reported a same-store sales decline of 5.4 percent and a loss of $151 million. Penney has suspended its…