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☆ Retail sales were flat in September as inflation takes a bite
▼ + stars: | 2022-10-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Retail sales were flat last month, down from a revised. Retail sales fell 0.4% in July. Excluding sales of automobiles and at gas stations, retail sales rose 0.3%. Sales at clothing stores rose 0.5%, while business at department stores rose 1.3% That indicates a solid back-to-school season but adjusted for inflation, spending was modest, analysts said. AlixPartners predicts holiday sales to be up anywhere from 4% to 7% from last year, which was up 16%, according to its calculations.

☆ Bernie Sanders and Elizabeth Warren blast the $25 billion merger between grocers Kroger and Albertsons, one calling it an 'absolute disaster' for consumers
▼ + stars: | 2022-10-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Senators Bernie Sanders and Elizabeth Warren blasted the Kroger-Albertsons merger. Sanders called it "an absolute disaster" for consumers that would result in higher grocery costs. The grocery store chains announced Friday that they've entered into a merger agreement that values the combined company at about $24.6 billion. "That's good for small businesses, it's good for consumers, and it actually, in many cases, reduces the need for regulatory oversight. And without local competition offering lower prices, consumers are stuck with nowhere else to stop.

☆ How Amazon’s big private-label business is growing and leaving small brands to protect against knockoffs
▼ + stars: | 2022-10-12 | by ( Katie Schoolov | ) www.cnbc.com time to read: +10 min

Peak Design CEO Peter Dering compares his company's Everyday Sling Bag to the Amazon private label version at his San Francisco headquarters on September 6, 2022. A selection of some of Amazon's 118+ private label brands as of October, 2022. Then there are specialty firms that only do private labels, and some store brands have their own devoted manufacturing facilities. By comparison, private labels make up a whopping 77% of Aldi's sales, followed by Trader Joe's at 59% and Wegmans at 49%. A variety of Amazon's private label goods are shown on September 29, 2022.

☆ Dr. Oz is getting dragged on Twitter for saying his Democratic opponent John Fetterman looks like he's 'kicking authority in the balls'
▼ + stars: | 2022-09-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Republican Senate candidate Dr. Mehmet Oz is getting mocked on Twitter after his insult backfired. Oz took a jab at Fetterman, saying his wearing of hoodies made him look like "the man." Some Twitter users said Oz's insult was more of an unintended compliment. Another user wrote that Oz "continues to be John Fetterman's best campaigner." Fetterman responded to Oz, saying he knew "politics can be nasty" but could "never imagine ridiculing someone for their health challenges."

☆ Costco and Albertsons are using this tech startup to reduce waste and lower carbon emissions
▼ + stars: | 2022-09-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

And much of that waste could be repurposed or recycled, if only it were better identified and sorted. That's where a startup called Smarter Sorting comes in. Using the Smarter Sorting data to determine exactly what is in the product, and especially if any ingredients are toxic, retailers and manufacturers can make more informed decisions on how best to handle its inevitable disposal. "Albertsons, one of our customers today, just released a sustainability goal report with four main pillars in it, and one of the main pillars for them is the reduction of food waste," said Claudia. Smarter Sorting's backers include Regeneration VC and G2 Venture Partners, with total funding to date of just over $55 million.

☆ Wegmans Stops Using Self-Checkout App After Suffering Losses
▼ + stars: | 2022-09-19 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Wegmans joined a wave of grocery stores using self-checkout technology during the Covid-19 pandemic to compensate for worker shortages. Wegmans, the East Coast supermarket chain, said Monday that it would stop using its self-checkout app until the system could be improved because its stores were experiencing losses. The chain, which stretches from New York to North Carolina, said it rolled out its app, called Scan, early in the Covid-19 pandemic. Customers at certain locations could scan items on the app as they shopped and then pay at a self-checkout register.

☆ Wegmans ends self-checkout app after too much shoplifting
▼ + stars: | 2022-09-16 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: 1 min

New York (CNN Business) In 2019, Wegmans, the cult-favorite northeastern grocery chain, rolled out a new mobile app that allowed customers to scan, bag and pay for groceries while they shopped and then skip the checkout line altogether. The app, Wegmans SCAN, promised customers a quicker checkout and also let them see a running total of their purchases as they shopped. This week, the grocer announced that it is ending the app because of rampant shoplifting. "We've made the decision to turn off the app until we can make improvements that will meet the needs of our customers and business." Wegmans did not provide any details on the losses experienced with the app.

☆ Pennsylvania Senate candidates Mehmet Oz and John Fetterman are trading barbs over each other's personal wealth: 'Get off the couch John!'
▼ + stars: | 2022-08-18 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Mehmet Oz and John Fetterman are feuding on Twitter over each other's personal wealth. In reply, Oz said he bought the homes with his own money and that Fetterman "lived off" his parents. In a testy exchange on Twitter, Fetterman and Oz traded barbs about each other's personal wealth. 2 homes," Oz tweeted. This week, Fetterman needled Oz when the latter messed up the name of the grocery store Wegmans, calling it "Wegner's" instead.

☆ The new Instacart Mastercard earns up to to 5% cash back, and new cardholders get $100 in Instacart credit and a year of Instacart+
▼ + stars: | 2022-07-22 | by ( Tessa Campbell | Sarah Silbert | Junior Investing Reporter | ) www.businessinsider.com time to read: +10 min

Earn $100 Instacart credit automatically upon approval, plus a free year of Instacart+ membershipRead Insider's guide to the best credit cards for buying groceries. Instacart and Chase just launched the first-ever co-branded card by a food delivery service: the Instacart Mastercard® Credit Card. Product Details Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. AdvertisementOne year of free Instacart+ membershipWhen you're approved for the Instacart Mastercard®, you'll get a free year of Instacart+ (previously named Instacart Express). If you're already an Instacart shopper, the Instacart Mastercard® Credit Card could be a great fit.

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