Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge
When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods chain by cleaning up crowded aisles, scaling back coupons and…
Grocery, Restaurant Executives See Inflation Altering Consumer Spending
Unrelenting inflation is increasing pressure on restaurants and supermarket brands as they compete for increasingly price-conscious consumers, executives said. As prices climb on restaurant menus and grocery-store shelves, some packaged-food…
Volkswagen Sells Stake in Electrify America to Siemens
Volkswagen has agreed to sell a minority stake in its U.S. electric-vehicle charging business to Siemens in a transaction that provides $450 million in new money and values the charging…
Whole Foods to Focus on Prices as Pandemic Eases, Says Incoming CEO
CHICAGO—Whole Foods Market aims to re-emphasize its messages on sustainability and food quality as the grocer emerges from the pandemic, the company’s incoming chief executive said at The Wall Street…
CVS, Walmart and Rite Aid Limit Purchases of Plan B Pills After Surge in Demand
Some of the nation’s biggest retailers are rationing over-the-counter emergency contraceptive pills as demand spikes following the Supreme Court ruling overturning a constitutional right to abortion. CVS Health Walmart and…
Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens
Volkswagen is close to selling a minority stake in its U.S. electric-vehicle charge business to an arm of Siemens a deal that would value the network at more than $2…
Biden Says He Is Near Decision on Backing Federal Gasoline-Tax Holiday
WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring…
One Grocer Wanted to Give Up Plastic. It Got Rotting Bananas.
Iceland Foods, a well-known supermarket chain in the U.K., is discovering just how difficult it is to eliminate plastic from its shelves Source link
Food Prices to Keep Going Up, as Costs Surge
By Jaewon Kang and Annie Gasparro June 11, 2022 5:30 am ET Listen to article (2 minutes) Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and…
FanDuel CEO Amy Howe Wants to Help the Sports-Betting Business Grow Up
LOS ANGELES—Ahead of the year’s biggest gambling event, FanDuel Group Chief Executive Amy Howe was spreading her message of confidence in the U.S. sports-betting industry in interviews with journalists. Behind…
