McDonald’s is pulling out of hundreds of Walmart store locations, as changing shopper behavior has frayed the success of the partnership between the two mega-businesses, according to Progressive Grocer.
Retail Leader Editor Amy Baxter sat down with Mike Troy, editorial director of Progressive Grocer, in the inaugural episode of Trend Talk to discuss the long-haul trend of grocers expanding into health care and the recent changes in the sector brought on by the Covid-19 pandemic.
One of the biggest funds in the world has made a $2.8 billion investment to acquire a 40% stake in the leading micro fulfillment center, underscoring the increasing role of automation as e-commerce booms, Progressive Grocer reported.
Elevated retail import levels brought on by the massive surge of e-commerce during the Covid-19 pandemic are expected to last at least through summer 2021, with retailers and workers firing on all cylinders to keep up with consumer demand.
Two of the largest retail industry groups are jumping into a decade-long lawsuit challenging fees tied to credit card transactions, seeking rights to represent their own interests and the interests of their members in changing rules that require retailers to pay those fees.
With a proposed corporate tax hike, retail industry groups sounded off Wednesday in opposition of President Biden's $2 trillion infrastructure plan funding methods, citing the potential hits to retailers.